Cryptoeconomics

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

Data series

Tokenized 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 $15.9bn 4 September 2026
Change, one observation +0.0%
Observations held 25 daily at source; recorded here irregularly
Tokenized US Treasury products outstanding
Distributed value of tokenised US government debt products · US dollars
Range
Scale
0$5bn$10bn$15bn$20bnDec ’25Jul ’26Sep ’26
View as table
PeriodTokenized 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.
2026-07-28$16,160,000,000As stated by the source page for 28 July 2026, with a 30-day change of +5.38%. The headline aggregates rendered without a bearer token this run; the granular tables remain behind a login.
2026-07-30$16,160,000,000Distributed value at page precision, unchanged on the 28 July reading, with a 30-day change of +4.25% shown at retrieval. The headline aggregates rendered without a bearer token again.
2026-07-31$16,180,000,000Distributed value at page precision, dated 07/31/2026 by the source, up from $16.16bn on 30 July. The headline aggregate rendered without a bearer token.
2026-08-01$16,190,000,000Distributed value at page precision, dated 08/01/2026 by the source, up from $16.18bn on 31 July. The headline aggregate rendered without a bearer token; the detailed columns remain behind a login.
2026-08-02$16,160,000,000Restated. The desk first recorded $16.19bn here, read at 06:00 UTC on 2 August when the source's own as-of was still 1 August. The source now states $16.16bn as of 2 August, and the record follows the publisher for the publisher's own date.
2026-08-04$16,170,000,000Up from $16.16bn on 2 August. The page states an as-of of 4 August and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-05$16,180,000,000Up from $16.17bn on 4 August. The page's charts state an as-of of 5 August 2026 and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-06$16,120,000,000Down from $16.18bn on 5 August. The page states an as-of of 6 August and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-07$16,180,000,000Up from $16.12bn on 6 August, recovering the 5 August level. The page states an as-of of 7 August and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-10$16,210,000,000Up from $16.18bn on 7 August. The page states an as-of of 10 August and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-12$16,210,000,000Unchanged at page precision on the 10 August reading. A real flat read rather than a repeat: the front page aggregates both moved in the same session. The tile carries no date, so this reading is dated by retrieval, as this series' readings now are.
2026-08-13$16,240,000,000Up from $16.21bn on 12 August. The Distributed Value tile carries a 30-day change and no date, and the page's stated as-of sits beside a timeframe select, so this reading is dated by retrieval as this series' readings now are.
2026-08-14$16,240,000,000Unchanged at page precision on 13 August; the served markup carries 16,242,990,368, so the aggregate moved by less than the tile displays. Dated by retrieval, as this series' readings now are, the tile carrying no date of its own.
2026-08-15$16,230,000,000Down from $16.24bn on 14 August; the served markup carries 16,234,142,232 against 16,242,990,368 yesterday, so the fall is under $9m. Dated by retrieval, as this series' readings now are, the tile carrying no date of its own.
2026-08-16$16,190,000,000Down from $16.23bn on 15 August; the served markup carries 16,188,485,554 against 16,234,142,232 yesterday, a fall of about $46m. Dated by retrieval, as this series' readings now are, the tile carrying no date of its own.
2026-08-17$16,210,000,000Up from $16.19bn on 16 August; the served markup carries 16,208,078,679 against 16,188,485,554 yesterday, a rise of about $20m. Dated by retrieval, as this series' readings now are, the tile carrying no date of its own.
2026-08-18$16,210,000,000Unchanged at tile precision on 17 August and not a repeated reading: the served markup carries 16,209,997,428 against 16,208,078,679 yesterday, a rise of about $2m. Dated by retrieval, the tile carrying no date of its own.
2026-08-19$16,190,000,000Down from $16.21bn on 18 August; the served markup carries 16,191,643,703 against 16,209,997,428 yesterday, a fall of about $18m, so Treasuries fell while the wider tokenized aggregate rose. Dated by retrieval, the tile carrying no date of its own.
2026-08-20$16,190,000,000The same $16.19bn as 19 August at this precision, and not a page that failed to refresh: the served markup carries 16,187,502,777 against 16,191,643,703 yesterday, a fall of about $4m the tile cannot show. Dated by retrieval.
2026-08-25$15,640,000,000Down from $16.19bn on 20 August: the served markup carries 15,638,400,669 against 16,187,502,777, a fall of about $549m or 3.4 per cent over five days. Tile label, url and page scope line all unchanged. Dated by retrieval.
2026-09-03$15,920,000,000Up about $282m or 1.8 per cent from 25 August, which recovers half of that reading's 3.4 per cent fall. Page states an as-of of 3 September 2026 and gives 15,922,093,590.84 in its own data. Tile label and scope line unchanged.
2026-09-04$15,920,000,000Down $2.3m on 3 September, which is 0.014 per cent and shows only at full precision: the page states an as-of of 4 September 2026 and gives 15,919,804,042.45 against 15,922,093,590.84 yesterday. Tile label and scope line unchanged.
Source: RWA.xyz · As of 4 September 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 4 September 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 →

Compared with

This series is drawn beside Tokenized private credit outstanding and Tokenized real-world assets excluding stablecoins under tokenised assets outstanding, over the period every series in the set covers.

See the comparison →

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.
2026-07-28$16,160,000,000As stated by the source page for 28 July 2026, with a 30-day change of +5.38%. The headline aggregates rendered without a bearer token this run; the granular tables remain behind a login.
2026-07-30$16,160,000,000Distributed value at page precision, unchanged on the 28 July reading, with a 30-day change of +4.25% shown at retrieval. The headline aggregates rendered without a bearer token again.
2026-07-31$16,180,000,000Distributed value at page precision, dated 07/31/2026 by the source, up from $16.16bn on 30 July. The headline aggregate rendered without a bearer token.
2026-08-01$16,190,000,000Distributed value at page precision, dated 08/01/2026 by the source, up from $16.18bn on 31 July. The headline aggregate rendered without a bearer token; the detailed columns remain behind a login.
2026-08-02$16,160,000,000Restated. The desk first recorded $16.19bn here, read at 06:00 UTC on 2 August when the source's own as-of was still 1 August. The source now states $16.16bn as of 2 August, and the record follows the publisher for the publisher's own date.
2026-08-04$16,170,000,000Up from $16.16bn on 2 August. The page states an as-of of 4 August and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-05$16,180,000,000Up from $16.17bn on 4 August. The page's charts state an as-of of 5 August 2026 and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-06$16,120,000,000Down from $16.18bn on 5 August. The page states an as-of of 6 August and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-07$16,180,000,000Up from $16.12bn on 6 August, recovering the 5 August level. The page states an as-of of 7 August and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-10$16,210,000,000Up from $16.18bn on 7 August. The page states an as-of of 10 August and that date is used rather than the retrieval date. Rendered without a bearer token.
2026-08-12$16,210,000,000Unchanged at page precision on the 10 August reading. A real flat read rather than a repeat: the front page aggregates both moved in the same session. The tile carries no date, so this reading is dated by retrieval, as this series' readings now are.
2026-08-13$16,240,000,000Up from $16.21bn on 12 August. The Distributed Value tile carries a 30-day change and no date, and the page's stated as-of sits beside a timeframe select, so this reading is dated by retrieval as this series' readings now are.
2026-08-14$16,240,000,000Unchanged at page precision on 13 August; the served markup carries 16,242,990,368, so the aggregate moved by less than the tile displays. Dated by retrieval, as this series' readings now are, the tile carrying no date of its own.
2026-08-15$16,230,000,000Down from $16.24bn on 14 August; the served markup carries 16,234,142,232 against 16,242,990,368 yesterday, so the fall is under $9m. Dated by retrieval, as this series' readings now are, the tile carrying no date of its own.
2026-08-16$16,190,000,000Down from $16.23bn on 15 August; the served markup carries 16,188,485,554 against 16,234,142,232 yesterday, a fall of about $46m. Dated by retrieval, as this series' readings now are, the tile carrying no date of its own.
2026-08-17$16,210,000,000Up from $16.19bn on 16 August; the served markup carries 16,208,078,679 against 16,188,485,554 yesterday, a rise of about $20m. Dated by retrieval, as this series' readings now are, the tile carrying no date of its own.
2026-08-18$16,210,000,000Unchanged at tile precision on 17 August and not a repeated reading: the served markup carries 16,209,997,428 against 16,208,078,679 yesterday, a rise of about $2m. Dated by retrieval, the tile carrying no date of its own.
2026-08-19$16,190,000,000Down from $16.21bn on 18 August; the served markup carries 16,191,643,703 against 16,209,997,428 yesterday, a fall of about $18m, so Treasuries fell while the wider tokenized aggregate rose. Dated by retrieval, the tile carrying no date of its own.
2026-08-20$16,190,000,000The same $16.19bn as 19 August at this precision, and not a page that failed to refresh: the served markup carries 16,187,502,777 against 16,191,643,703 yesterday, a fall of about $4m the tile cannot show. Dated by retrieval.
2026-08-25$15,640,000,000Down from $16.19bn on 20 August: the served markup carries 15,638,400,669 against 16,187,502,777, a fall of about $549m or 3.4 per cent over five days. Tile label, url and page scope line all unchanged. Dated by retrieval.
2026-09-03$15,920,000,000Up about $282m or 1.8 per cent from 25 August, which recovers half of that reading's 3.4 per cent fall. Page states an as-of of 3 September 2026 and gives 15,922,093,590.84 in its own data. Tile label and scope line unchanged.
2026-09-04$15,920,000,000Down $2.3m on 3 September, which is 0.014 per cent and shows only at full precision: the page states an as-of of 4 September 2026 and gives 15,919,804,042.45 against 15,922,093,590.84 yesterday. Tile label and scope line unchanged.

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