Cryptoeconomics

News, data and analysis on tokenized assets, market design and digital economic systems.

Data series

Tokenised US Treasury products outstanding

RWA.xyz's distributed value for products whose underlying is US government debt or repo against it: onchain money market funds, T-bill notes and cash-management vehicles.

Latest verified $16.2bn 25 July 2026
Change, one observation +2.1%
Observations held 3 daily at source; recorded here irregularly
Tokenised US Treasury products outstanding
Distributed value of tokenised US government debt products · US dollars
0$5bn$10bn$15bn$20bnDec ’25Jul ’26Jul ’26
View as table
PeriodTokenised US Treasury products outstandingNote
2025-12-31$9,600,000,000End-2025 total as reported by InvestaX's first-quarter 2026 market report citing RWA.xyz, rounded by that source to $9.6bn.
2026-07-22$15,860,000,000As reported on 23 July 2026 by Crypto Economy citing RWA.xyz, alongside a 3.30% seven-day average yield.
2026-07-25$16,200,000,000RWA.xyz headline distributed value, rounded by the source to $16.20bn, across 85 products and 62,950 holders at a 3.29% seven-day average yield.
Source: RWA.xyz · As of 25 July 2026 · Unit: US dollars · Frequency: daily at source; recorded here irregularly · Coverage: global; products registered by the provider across all indexed networks

Source

Last verified observation 25 July 2026.

RWA.xyz ↗

Refresh

This series has no endpoint reachable from the page, so the figure shows the value as of the last build. It is not labelled live and the timestamp is the build timestamp. Cadence: daily at source; recorded here irregularly.

Treated as stale after 14 days without a new observation. Past that point the figure keeps the last verified number and carries a badge; it does not hide it and does not substitute an estimate.

Scope

Distributed value counts only the portion of a product that exists as a token on a network RWA.xyz indexes, so it excludes any share of the same fund held through conventional book-entry. It also excludes non-US sovereign debt, which the same provider tracked separately at $1.41bn, and the Treasury bills held as reserves behind stablecoins. It is therefore far smaller than any measure of the digital-asset sector's Treasury holdings.

All series and methods →

Observations

Every observation held for this series, in the order the source published them, exactly as published by RWA.xyz.

PeriodValue (USD)Note
2025-12-31$9,600,000,000End-2025 total as reported by InvestaX's first-quarter 2026 market report citing RWA.xyz, rounded by that source to $9.6bn.
2026-07-22$15,860,000,000As reported on 23 July 2026 by Crypto Economy citing RWA.xyz, alongside a 3.30% seven-day average yield.
2026-07-25$16,200,000,000RWA.xyz headline distributed value, rounded by the source to $16.20bn, across 85 products and 62,950 holders at a 3.29% seven-day average yield.

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