Tokenized funds $37.8 billion, government bond type No. 1... government bond type DeFi utilization 0.4%
Original headline토큰화 펀드 378억달러, 국채형 1위…국채형 탈중앙금융 활용 0.4%
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Tokenized funds reached a combined market capitalization of $37.8 billion in early November, with U.S. short-term Treasury products accounting for the largest segment at $13.5 billion, according to Token Terminal data. Yield strategy funds ranked second at $11.4 billion, followed by credit funds at $8.3 billion. The figures reflect the on-chain value of fund share tokens rather than trading volume, and tokenization does not convert the underlying assets themselves into crypto. The concentration in Treasury-backed products underscores demand for yield-bearing real-world assets on-chain, though DeFi use of Treasury tokens remains minimal at roughly 0.4%. Watch for whether Treasury-token integration into DeFi lending and collateral markets deepens, and for shifts in the mix toward yield and credit strategies.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
tokenized funds, US short-term Treasury tokenized funds, Token Terminal