ExplainersOct 26, 2026
Tokenized Treasuries: why on-chain dollars earn 4%
Tokenized U.S. Treasury funds hold $14.65 billion across 120 products. How the wrappers work, who issues them, and where the yield can break.
7 min read
How tokenization works, from treasuries to attestation. Evergreen reference pieces.
Tokenized U.S. Treasury funds hold $14.65 billion across 120 products. How the wrappers work, who issues them, and where the yield can break.
An RWA token is a claim on an off-chain asset, recorded on a blockchain. What's actually in the category, how tokenization works, and what the numbers hide.