Tokenized Treasury Intelligence

RWA depth map

Compare tokenized Treasury products by backing claim, investor access, redemption, NAV source, fund wrapper, and visible liquidity.

What this page answers

This category page answers the first trust question quickly: what the product claims, what Bathymark can see, and what remains outside open data.

RWA hub Product reads Comparisons Methodology

Tokenized Treasuries context photograph. — Charles Parker via pexels

category context

Read the asset before the ticker.

Tokenized Treasuries needs a source trail for the claim, the custody path, and the exit path. The visual layer stays tied to the real-world thing being wrapped.

How to read this category

Yield is not the same as clarity

Tokenized Treasury products can be high-quality and still be hard to compare. The key questions are legal claim, fund structure, investor access, redemption, NAV freshness, and secondary liquidity.

What Bathymark marks

The page marks what is visible from open sources and what remains inside documents, custodians, transfer agents, and permissioned redemption rails.

Products in the Bathymark queue

Tokenized TreasuryUSYCCircle USYCOff-chain dependencySource attachedCircle1 src

Tokenized TreasuryUSDYOndo US Dollar YieldOff-chain dependencySource attachedOndo1 src

Tokenized TreasuryBUIDLBlackRock USD Institutional Digital Liquidity FundRedemption limitedSource attachedBlackRock1 src

Tokenized TreasuryOUSGOndo Short-Term US Government TreasuriesOff-chain dependencySource attachedOndo1 src

Tokenized TreasuryBENJIFranklin OnChain US Government Money FundRedemption limitedSource attachedFranklin Templeton1 src

Tokenized TreasuryUSTBSuperstate Short Duration US Government Securities FundOff-chain dependencySource attachedSuperstate1 src

Tokenized TreasuryJTRSYJanus Henderson Anemoy Treasury FundRedemption limitedSource attachedCentrifuge2 src

Tokenized TreasuryTBILLOpenEden TBILL FundOff-chain dependencySource attachedOpenEden (BVI-regulated professional fund)2 src

Tokenized TreasuryEUTBL/USTBLSpiko tokenized T-Bill money market fundsOff-chain dependencySource attachedSpiko2 src

Questions this page answers

Is the holder a fund investor?

Bathymark answers this by checking the source trail, separating issuer claims from observable data, and marking unknown values instead of filling them.

Can retail redeem?

Bathymark answers this by checking the source trail, separating issuer claims from observable data, and marking unknown values instead of filling them.

How fresh is the NAV source?

Bathymark answers this by checking the source trail, separating issuer claims from observable data, and marking unknown values instead of filling them.

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