Tokenized Funds Reach $37.8 Billion as Treasury Bills Lead

Tokenized funds reached $37.8 billion in market capitalization, with U.S. Treasury bill funds leading at $13.5 billion as the category moved ahead of yield strategies and credit funds.

Yield strategies totaled $11.4 billion, while credit funds reached $8.3 billion. Treasury bill funds were a minor segment in early 2024 before becoming the largest category. The overall tokenized-fund market grew 940.9% since late 2023.

The $37.8 billion figure covers tokenized funds. A separate tally of tokenized assets excluding stablecoins totaled $46.1 billion, including $12.9 billion in Treasury bills.