The top Tokenized Treasury projects, ranked by prominence — TVL, market cap, funding, and on-chain activity.

Superstate
On-chain U.S. Treasury fund for qualified investors
solanaplumeethereum

Circle
On-chain US Treasury exposure via regulated DeFi.
ethereumbnb-chainsolana+1

BlackRock
World's largest asset manager; issuer of BUIDL and IBIT
bnb-chainpolygonaptos+8

Janus
Freight finance RWA protocol
baseavalanchemonad+1

Midas mTBILL
ethereumbaseplume+2

Theo Short Duration US Treasury Fund
ethereumbasearbitrum+1

Ondo US Dollar Yield
ethereumsuisolana+8

OUSG
ethereumsolanapolygon

Backed IB01 $ Treasury Bond 0-1yr
ethereumbnb-chainbase+4

Backed IBTA $ Treasury Bond 1-3yr
ethereumbasearbitrum+4

Nest Treasury Vault
ethereumarbitrumplume

TBLL xStock
solanaethereumbnb-chain

USDM1
solanaethereumstellar

Spiko US T-Bills Money Market Fund
ethereumbasepolygon+3

Spiko EU T-Bills Money Market Fund
ethereumpolygonbase+4

Nest Treasury Vault (LP)
plume

Dinari BOXX
arbitrumethereumbase+1

Dinari HYMB
arbitrumbaseethereum+1

Etherfuse CETES
solanabasepolygon+2

Adapt3r Digital Treasury Bill Fund
ethereum

Fortunafi Tokenized Short-term U.S. Treasury Bills for Non US Residents
canto

OpenEden TBILL
ethereumsolanaarbitrum+1