Tokenized Funds Soar as Investors Flock for Yield

Tokenized funds have experienced significant growth over the past two years, nearly quadrupling in value from $2.99 to $11.39 for every $100 parked in stablecoins.

This shift is occurring within a $300B stablecoin market, with tokenized real-world assets representing between 10% and 17% of that universe.

Circle's USYC has accumulated around $2.5B to $3B in value, while BlackRock's BUIDL fund sits at approximately $2.2B to $2.7B. Ondo's USDY has carved out a position around $2.1B to $2.3B.

The appeal of tokenized funds lies in their ability to pass short-term Treasury yields through to holders, turning idle on-chain capital into something that actually earns a return.