Tokenized U.S. Treasury products posted notable market cap growth over the past year, according to data cited by ChainCatcher from Token Terminal. USYC, a product under Circle, led the category with a $2 billion increase in market capitalization, ranking first among comparable assets. iBENJI and USDY followed behind, with market cap gains of $1.7 billion and $1.5 billion, respectively. BlackRock’s BUIDL recorded a $552.5 million increase during the same period, placing fifth in the rankings. The figures highlight the relative expansion of several leading tokenized Treasury products over the last 12 months, based on the dataset referenced in the report.

Securitize has brought its tokenized high-yield credit fund HINC to Solana lending protocol Loopscale, allowing eligible investors to borrow USDG against their fund shares without redeeming their positions. The move adds sub-investment-grade corporate credit to an onchain lending venue where collateral has largely been limited to Treasuries, government money-market funds, and investment-grade instruments. HINC, launched on Aug. 18 across Avalanche, Ethereum, Solana, and Sui, invests mainly in high-yield corporate bonds, with additional exposure to CLO tranches, bank loans, and other higher-yield fixed-income assets. The fund carries a $100,000 minimum subscription, a 0.60% annual expense ratio, and is limited to accredited investors and qualified purchasers that pass Securitize onboarding. Loopscale, which reports $91.3 million in TVL and $55.9 million in active loans, uses a RedStone oracle feed based on the fund administrator’s daily NAV to value HINC and manage liquidation events. The listing also highlights unresolved issues around tokenized credit as collateral, including liquidity under stress, allowlist restrictions, liquidation backstops, and the practical challenge of unwinding a NAV-priced asset within a bounded number of business days.

Binance has added Anchorage Digital to its triparty banking network, allowing eligible institutional clients to trade on the exchange while keeping assets in segregated custody through Anchorage’s Atlas platform.

Tokenized real-world assets have reached $43.1 billion, up 36.9% in 180 days, with tokenized funds dominating the market and Ethereum holding the largest share among blockchains.

Binance becomes the first exchange to integrate Anchorage Digital's Atlas off-exchange settlement service, allowing institutional clients to trade on Binance while keeping assets in segregated custody under a triparty banking model.

Tokenized US Treasury bills hit a record $14B in total value locked, led by Franklin Templeton's Benji fund with 381% monthly growth. DeFi protocols use them as collateral for stable yields.

Tokenized T-bills TVL reaches $14B all-time high, with over 34K holders. Franklin Templeton's Benji fund leads growth (+381% in 30 days). Funds shift from risky DeFi to T-bills as conservative collateral, yielding ~3.68% annualized return.

Tokenized T-bills have reached a new all-time high of $14 billion in total value locked, according to Token Terminal. Franklin Templeton's Benji fund on Ethereum surged 381.9% in the past month. The growth reflects DeFi protocols seeking stable collateral amid market turbulence.