Explainers
USDY: The Yield-Bearing Token Backed by Treasuries
USDY pays holders the yield on short-term US Treasuries while moving like a stablecoin onchain. Here is how the token is structured, who can use it, and why the design matters.
tokenized treasuries
Explainers
USYC: The Tokenized Treasury Fund Built for Collateral
USYC turns a short-term Treasury yield product into an onchain token that can settle and move as collateral in seconds. Here is how it works and why the collateral use case matters more than the yield.
Explainers
BUIDL: A $2.7B Fund With Few Holders
BlackRock's BUIDL token holds billions in tokenized Treasuries, yet its holder count is small enough to fit in a room. That concentration is the real story.
RWAs
What Are Real World Assets (RWAs)? A Clear Guide
Real world assets, or RWAs, are traditional financial assets like Treasuries, gold, and credit issued as tokens on public blockchains. Here is how they work and why the market crossed $30 billion.
tokenized treasuries
Tokenized Treasuries: How They Work and Why They Matter
Tokenized treasuries are the largest real-world asset category onchain. Here is how they work, who buys them, and why reliable data underpins the whole market.