Tokenized Treasuries and Bonds

Tokenized U.S. Treasuries dominate RWA volume — low-risk yield on chain for DAOs, protocols, and investors seeking dollar returns outside volatile crypto natives. Products like BlackRock BUIDL and Ondo Finance brought institutional credibility to the category.

DAO treasuries park idle stablecoins in T-bill yield instead of zero-return cash. DeFi protocols hold reserves in tokenized bills. Stablecoin issuers earn on backing assets — a practice that draws scrutiny when not disclosed.

Compare products on minimum investment, redemption terms, chain deployment, and whether yield is passed through automatically or requires manual claims. Treasury RWAs are among the simplest RWA structures — a good baseline before exploring credit or real estate.