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
$14.9bn
23 September 2026
Change, one observation
−3.1%
Observations held
32
daily at source; recorded here irregularly
Tokenized US Treasury products outstanding
Distributed value of tokenised US government debt products · US dollars
Range
Scale
View as table
| Period | Tokenized US Treasury products outstanding | Note |
|---|---|---|
| 2025-12-31 | $9,600,000,000 | End-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 | $15,860,000,000 | As reported on 23 July 2026 by Crypto Economy citing RWA.xyz, alongside a 3.30% seven-day average yield. |
| 2026-07-25 | $16,200,000,000 | RWA.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 | $16,160,000,000 | As 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 | $16,160,000,000 | Distributed 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 | $16,180,000,000 | Distributed 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 | $16,190,000,000 | Distributed 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 | $16,160,000,000 | Restated. 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 | $16,170,000,000 | Up 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 | $16,180,000,000 | Up 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 | $16,120,000,000 | Down 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 | $16,180,000,000 | Up 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 | $16,210,000,000 | Up 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 | $16,210,000,000 | Unchanged 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 | $16,240,000,000 | Up 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 | $16,240,000,000 | Unchanged 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 | $16,230,000,000 | Down 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 | $16,190,000,000 | Down 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 | $16,210,000,000 | Up 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 | $16,210,000,000 | Unchanged 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 | $16,190,000,000 | Down 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 | $16,190,000,000 | The 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 | $15,640,000,000 | Down 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 | $15,920,000,000 | Up about $282m or 1.8 per cent from 25 August, recovering half of that fall, at 15,922,093,590.84. Dated from the page as-of, which a later reading found labels a chart panel; from 10 September readings are dated by retrieval. |
| 2026-09-04 | $15,920,000,000 | Down $2.3m on 3 September, 0.014 per cent and visible only at full precision: 15,919,804,042.45 against 15,922,093,590.84. Dated from the page as-of, which a later reading found labels a chart panel; readings are now dated by retrieval. |
| 2026-09-10 | $15,860,000,000 | Down about $56m or 0.35 per cent from the reading filed under 4 September: 15,864,036,858.39 against 15,919,804,042.45. Dated by retrieval at 13:13 UTC, because the publisher gives this figure no date. Tile label and scope line unchanged. |
| 2026-09-11 | $15,770,000,000 | Down about $91m or 0.57 per cent on 10 September: 15,772,811,848.19 against 15,864,036,858.39. Dated by retrieval at 13:02 UTC, because the publisher gives this figure no date. Tile label and scope line unchanged. |
| 2026-09-12 | $15,740,000,000 | Down about $30m or 0.19 per cent on 11 September: 15,742,339,195.15 against 15,772,811,848.19. Dated by retrieval at 12:24 UTC, because the publisher gives this figure no date. Tile label and scope line unchanged. |
| 2026-09-14 | $15,750,000,000 | Up about $6m or 0.04 per cent on 12 September: 15,748,173,187.42 against 15,742,339,195.15. Dated by retrieval at 15:15 UTC, because the publisher gives this figure no date. No reading was taken on 13 September, when the figure had not moved at all. |
| 2026-09-15 | $15,650,000,000 | Down about $97m or 0.61 per cent on 14 September: 15,651,365,653.71 against 15,748,173,187.42. Dated by retrieval at 13:51 UTC, because the publisher gives this figure no date. The page rendered only $15.65B and carried the precision in its data. |
| 2026-09-17 | $15,400,000,000 | Down about $252m or 1.61 per cent on 15 September, at 15,399,153,690.20. No point for 16 September: the tile read $28.80M that morning and was declined, which this reading confirms. Dated by retrieval at 13:50 UTC. |
| 2026-09-23 | $14,930,000,000 | Down about $473m or 3.07 per cent on 17 September, at 14,926,438,291.79, and the third clean point since the publisher fault of 16 September. Dated by retrieval at 11:40 UTC. Both fetches agreed. |
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.
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.
Observations
Every observation held for this series, in the order the source published them, exactly as published by RWA.xyz.
| Period | Value (USD) | Note |
|---|---|---|
| 2025-12-31 | $9,600,000,000 | End-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 | $15,860,000,000 | As reported on 23 July 2026 by Crypto Economy citing RWA.xyz, alongside a 3.30% seven-day average yield. |
| 2026-07-25 | $16,200,000,000 | RWA.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 | $16,160,000,000 | As 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 | $16,160,000,000 | Distributed 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 | $16,180,000,000 | Distributed 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 | $16,190,000,000 | Distributed 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 | $16,160,000,000 | Restated. 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 | $16,170,000,000 | Up 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 | $16,180,000,000 | Up 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 | $16,120,000,000 | Down 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 | $16,180,000,000 | Up 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 | $16,210,000,000 | Up 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 | $16,210,000,000 | Unchanged 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 | $16,240,000,000 | Up 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 | $16,240,000,000 | Unchanged 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 | $16,230,000,000 | Down 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 | $16,190,000,000 | Down 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 | $16,210,000,000 | Up 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 | $16,210,000,000 | Unchanged 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 | $16,190,000,000 | Down 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 | $16,190,000,000 | The 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 | $15,640,000,000 | Down 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 | $15,920,000,000 | Up about $282m or 1.8 per cent from 25 August, recovering half of that fall, at 15,922,093,590.84. Dated from the page as-of, which a later reading found labels a chart panel; from 10 September readings are dated by retrieval. |
| 2026-09-04 | $15,920,000,000 | Down $2.3m on 3 September, 0.014 per cent and visible only at full precision: 15,919,804,042.45 against 15,922,093,590.84. Dated from the page as-of, which a later reading found labels a chart panel; readings are now dated by retrieval. |
| 2026-09-10 | $15,860,000,000 | Down about $56m or 0.35 per cent from the reading filed under 4 September: 15,864,036,858.39 against 15,919,804,042.45. Dated by retrieval at 13:13 UTC, because the publisher gives this figure no date. Tile label and scope line unchanged. |
| 2026-09-11 | $15,770,000,000 | Down about $91m or 0.57 per cent on 10 September: 15,772,811,848.19 against 15,864,036,858.39. Dated by retrieval at 13:02 UTC, because the publisher gives this figure no date. Tile label and scope line unchanged. |
| 2026-09-12 | $15,740,000,000 | Down about $30m or 0.19 per cent on 11 September: 15,742,339,195.15 against 15,772,811,848.19. Dated by retrieval at 12:24 UTC, because the publisher gives this figure no date. Tile label and scope line unchanged. |
| 2026-09-14 | $15,750,000,000 | Up about $6m or 0.04 per cent on 12 September: 15,748,173,187.42 against 15,742,339,195.15. Dated by retrieval at 15:15 UTC, because the publisher gives this figure no date. No reading was taken on 13 September, when the figure had not moved at all. |
| 2026-09-15 | $15,650,000,000 | Down about $97m or 0.61 per cent on 14 September: 15,651,365,653.71 against 15,748,173,187.42. Dated by retrieval at 13:51 UTC, because the publisher gives this figure no date. The page rendered only $15.65B and carried the precision in its data. |
| 2026-09-17 | $15,400,000,000 | Down about $252m or 1.61 per cent on 15 September, at 15,399,153,690.20. No point for 16 September: the tile read $28.80M that morning and was declined, which this reading confirms. Dated by retrieval at 13:50 UTC. |
| 2026-09-23 | $14,930,000,000 | Down about $473m or 3.07 per cent on 17 September, at 14,926,438,291.79, and the third clean point since the publisher fault of 16 September. Dated by retrieval at 11:40 UTC. Both fetches agreed. |