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Tokenized money market and Treasury funds: full list
Every tokenized U.S. Treasury product we count, largest first. Most are money market funds; a few are notes or vaults that hold short-term Treasuries, such as USDY. Values are the shares on public blockchains, read directly from each chain.
Short answer
We count 17 tokenized U.S. Treasury funds from 12 issuers as of Nov 9, 2026, together worth $12.20 billion on public blockchains. The largest is USDY at $2.39B.
| # | Ticker | Name | Issuer | On-chain market cap | Share | Chains | Largest chain |
|---|---|---|---|---|---|---|---|
| 1 | USDY | Ondo US Dollar Yield | Ondo Finance | $2.39B | 19.6% | 11 | Ethereum |
| 2 | USYC | Circle USYC (Hashnote International Short Duration Yield Fund) | Circle | $2.10B | 17.2% | 3 | BNB Chain |
| 3 | BUIDL | BlackRock USD Institutional Digital Liquidity Fund | BlackRock (via Securitize) | $1.78B | 14.6% | 10 | Solana |
| 4 | iBENJI | Franklin OnChain Institutional Liquidity Fund | Franklin Templeton | $1.71B | 14.0% | 2 | BNB Chain |
| 5 | BENJI | Franklin OnChain U.S. Government Money Fund (FOBXX) | Franklin Templeton | $1.22B | 10.0% | 7 | Stellar |
| 6 | JLTXX | JPMorgan OnChain Liquidity-Token Money Market Fund | J.P. Morgan Asset Management (Kinexys) | $791.9M | 6.5% | 2 | Solana |
| 7 | WTGXX | WisdomTree Treasury Money Market Digital Fund | WisdomTree | $650.4M | 5.3% | 1 | Ethereum |
| 8 | USTB | Superstate Short Duration U.S. Government Securities Fund | Superstate | $441.5M | 3.6% | 3 | Ethereum |
| 9 | OUSG | Ondo Short-Term US Government Treasuries | Ondo Finance | $317.0M | 2.6% | 2 | XRP Ledger |
| 10 | TBILL | OpenEden TBILL Vault | OpenEden | $273.4M | 2.2% | 2 | BNB Chain |
| 11 | USTBL | Spiko US T-Bills Money Market Fund | Spiko | $162.9M | 1.3% | 6 | Ethereum |
| 12 | JTRSY | Janus Henderson Anemoy Treasury Fund | Anemoy and Janus Henderson (on Centrifuge) | $117.6M | 1.0% | 9 | Ethereum |
| 13 | MONY | My OnChain Net Yield Fund | J.P. Morgan Asset Management (Kinexys) | $103.3M | 0.8% | 2 | Ethereum |
| 14 | mTBILL | Midas US Treasury Bill Token | Midas | $72.8M | 0.6% | 4 | Ethereum |
| 15 | gBENJI | Franklin OnChain U.S. Government Money Fund (Luxembourg UCITS) | Franklin Templeton | $51.7M | 0.4% | 1 | Stellar |
| 16 | STBT | Matrixdock Short-term Treasury Bill Token | Matrixdock | $22.6M | 0.2% | 1 | Ethereum |
| 17 | grBENJI | Franklin OnChain U.S. Government Money Fund (Luxembourg UCITS), AB (Ddis) USD class | Franklin Templeton | $1.3M | 0.0% | 1 | Stellar |
Download: CSV · Method and chain-by-chain detail: full count.
Quick answers
What is the largest tokenized U.S. Treasury fund?
Ondo US Dollar Yield (USDY), issued by Ondo Finance, with $2.39 billion on-chain, 19.6% of the total as of Nov 9, 2026.
How many tokenized U.S. Treasury funds are there?
We count 17 tokenized U.S. Treasury funds from 12 issuers as of Nov 9, 2026, together worth $12.20 billion on public blockchains.
Which issuers have tokenized U.S. Treasury funds?
Anemoy and Janus Henderson (on Centrifuge), BlackRock (via Securitize), Circle, Franklin Templeton, J.P. Morgan Asset Management (Kinexys), Matrixdock, Midas, Ondo Finance, OpenEden, Spiko, Superstate, WisdomTree.
The Migration by Concrete tracks traditional finance moving on-chain, reading every token directly from public blockchains. See all our counts.
Citing this list: "The Migration by Concrete, Tokenized money market and Treasury funds: full list, Nov 9, 2026," with a link to this page and to Concrete.
For information only. Not investment advice.