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Treasury Fund Builds On-Chain Collateral
Institutional TransitionJul 13, 2026
A $407 million tokenized Treasury fund has been deployed as on-chain collateral infrastructure, with Wall Street institutions identified as developers of the product. The fund represents a concrete data point in the broader effort to establish tokenized US Treasuries as collateral within crypto-native financial systems.
Crypto risk for TradFi returns
Yes, these Tokenised US treasury token are potential stablecoin killers. And sure they do target crypto natives.
But for non-crypto natives holding a "tokenised US treasury token" is typical TradFi returns layered with crypto risk. Worse of both worlds!
This doesn't really move the adoption needle, it merely a mechanism to sucks crypto capital into the TradFi ecosystem for a 4% yield.
Related storylines
- Ondo RWA tokenization expandsOndo expanding tokenized treasuries on-chain with regulatory frameworks