Tokenized treasuries, gold and stocks
A curated set of large real-world assets on-chain: treasury and cash funds, gold tokens, and company shares tokenized by issuers such as xStocks, bStocks and Ondo, with each company's issuers added together.
Treasuries & cash funds
$9.35B
10 tracked tokens
Gold
$5.71B
4 tracked tokens
Stocks
$1.46B
26 tracked tokens
$16.51B across the tracked products only, not the whole market.
Tokenized treasury and cash funds
| Token | Market cap | Implied yield |
|---|---|---|
| USYCCircle · US Yield Coin | $2.39B | 3.44% |
| USDYOndo · US Dollar Yield | $2.34B | 2.41% |
| BUIDLBlackRock · USD Institutional Digital Liquidity Fund | $2.18B | not available |
| USTBSuperstate · Short Duration US Government Securities | $803.8M | 3.65% |
| EUTBLSpiko · EU T-Bills Money Market Fund (EUR) | $635.3M | not available |
| JTRSYJanus Henderson · Anemoy Treasury Fund | $326.6M | 3.62% |
| OUSGOndo · Short-Term US Government Bond Fund | $318.9M | 3.66% |
| USTBLSpiko · US T-Bills Money Market Fund | $165.2M | 3.79% |
| THBILLTheo · Short Duration US Treasury Fund | $117.5M | 18.21% |
| mTBILLMidas · mTBILL | $76.5M | 2.06% |
Implied yield is the 7-day price change annualised, not a quoted fund rate. A dash means the token holds $1 and pays in tokens, its price did not rise this week, the fund is priced in euros (EUTBL), or the 7-day figure is unavailable.
Gold tokens
| Token | Market cap | 7d change |
|---|---|---|
| XAUTTether · Tether Gold | $3.31B | -0.38% |
| PAXGPaxos · PAX Gold | $1.80B | -0.40% |
| KAUKinesis · Kinesis Gold | $527.2M | +0.09% |
| XAUMMatrixdock · Matrixdock Gold | $69.1M | -0.88% |
Tokenized stocks by company
| Company | Market cap | 7d change |
|---|---|---|
| CRCLCircle | $324.3M | -0.56% |
| STRCStrategy Stretch Preferred | $226.3M | +0.21% |
| MSTRStrategy | $191.0M | -6.48% |
| SPCXSpaceX | $147.5M | -8.00% |
| NVDANVIDIA | $129.4M | -5.59% |
| TSLATesla | $106.8M | -1.75% |
| GOOGLAlphabet | $96.8M | +2.81% |
| MUMicron | $82.2M | -11.53% |
| INTCIntel | $53.4M | -11.51% |
| SNDKSanDisk | $48.3M | -16.17% |
| HIMSHims & Hers | $31.0M | -1.44% |
| COINCoinbase | $19.1M | -2.39% |
7-day change is weighted by each issuer's market cap.
Questions
What are tokenized treasuries?
Tokens that represent shares in a fund holding short-term US government debt or cash, such as BlackRock's BUIDL or Ondo's USDY and OUSG. Many are open only to verified or institutional buyers. They let that money sit on a blockchain while earning close to the T-bill rate.
How is the implied yield worked out?
It is the token's price change over the last 7 days, annualised. It only works for funds whose price grows as they earn, so it is shown as a dash for tokens that stay at $1 and pay out in extra tokens, such as BUIDL. One week is a short window, so a single price adjustment can make it read well above or below the fund's real rate.
Why are the totals smaller than other trackers report?
They add up only the products listed here, a curated set of large products in each category. Full-market totals with history are sold through paid data APIs, so this page does not claim to cover the whole market.
Watch tokenized assets next to crypto prices, stablecoin yields and protocol revenue in Cockpit's free Tokenized Assets widget.
Open CockpitData: market caps and prices from DefiLlama's coins API (CoinGecko figures), refreshed every 15 minutes, oldest figure Oct 14, 14:42 UTC. Tokens whose market cap is over a day old are left out. Not investment advice.