Tokenized Treasuries
Start here
Start hereWhat are tokenized treasuries and how they work onchain
They are blockchain tokens that represent regulated exposure to U.S. Treasury bills or money market funds, with yield delivered onchain under securities rules.
Learn about Tokenized Treasuries

Circle USYC vs BlackRock BUIDL: a trader’s tokenized treasury comparison
USYC led by about $2.2B in supply versus BUIDL near $2.0B as collateral utility on BNB Chain outpaced brand-led distribution.

Tokenized treasuries vs stablecoins: settlement dollars vs on-chain T-bill sweep
Stablecoins target $1 transferability for payments and collateral, while tokenized Treasury products target yield with NAV and redemption rules.

How to use tokenized treasuries as DeFi collateral
The workflow is acquire a Treasury-backed token, confirm protocol support and LTV, deposit it as collateral, then borrow while monitoring liquidation and redemption plumbing.

What is Ondo USDY: A tokenized note with two yield display modes
Ondo Finance USDY targets on-chain dollar yield for qualifying non‑U.S. investors via an accumulating USDY token or a rebasing rUSDY wrapper.

What is BlackRock BUIDL: a tokenized Treasury cash fund that settles onchain
BUIDL tokens represent shares in BlackRock’s USD Institutional Digital Liquidity Fund, built to target a stable $1 NAV while earning short-term dollar income.