Answers · Market overview
Which are the largest RWA tokens right now?
Short answer
The five largest real-world asset tokens in our data are USYC (~$3B), XAUT ($2.63B), BUIDL ($2.4B), USDY ($2.14B), PAXG ($1.99B). The top 20 span tokenized treasuries, tokenized commodities, tokenized bonds, private credit, tokenized stocks. Of the 100 listed, 4 can be bought on the market without KYC; for the rest the issuer checks who holds them.
“RWA crypto” is used for two different things: tokens that are themselves a claim on a real asset (a treasury fund share, an ounce of gold, a loan), and the coins of the companies that issue them (such as ONDO or CFG). This list ranks the first kind — the assets — by the size the issuer reports. Payment stablecoins, staking and DeFi pools are left out; they have their own lists.
How this list is made: Live tokens in real-asset categories with a size the issuer or a public data source reports, largest first, top 100. Sizes are shown as reported — euro and other currencies are not converted, and “~” or “+” figures count at the stated number. A bond listed under two tickers is shown once.
Figures from our live dataset · data as of 2026-11-09 · this answer as JSON · not investment advice
| Token | Issuer | Yield / return | Minimum | KYC to buy | Chain |
|---|---|---|---|---|---|
| USYC Circle USYC | Circle (Hashnote Intl. Short Duration Yield Fund) | ~3.29% (T-bill level) checked 9 Nov 2026 | Institutional channels | Not stated | Ethereum / Solana / Canton / Sui |
| XAUT Tether Gold | Tether (TG Commodities) | 0% (store of value) | Fractional | Not stated | Ethereum |
| BUIDL BlackRock USD Institutional Digital Liquidity Fund | BlackRock / Securitize | ~3.84% checked 9 Nov 2026 | $5M (institutional) | Not stated | Ethereum (+8) |
| USDY Ondo US Dollar Yield | Ondo Finance | ~3.75% checked 9 Nov 2026 | ~$50 (secondary market) | No KYC on a DEX | Ethereum / Solana (+10) |
| PAXG Pax Gold | Paxos | 0% (store of value) | Fractional | Not stated | Ethereum |
| LU-DLT-2036-EUR Grand Duchy of Luxembourg EUR 1.7bn 3.70% DLT-native sovereign bond 2036 | Grand Duchy of Luxembourg (State Treasury) | 3.70% checked 16 Oct 2026 | — | Not stated | Clearstream D7 DLT |
| LU-DLT-BENCH-2036 Grand Duchy of Luxembourg — Luxembourg 3.70% 10-year DLT-native sovereign benchmark bond | Grand Duchy of Luxembourg | 3.7% coupon checked 15 Oct 2026 | — | Not stated | Issued through LuxCSD on Clearstream's D7 DLT platform; Spuerkeess lead manager |
| LU2954899014 Blockstream Mining Note 2 (BMN2) | Blockstream Mining | Revenue share 100% (issuer target, not guaranteed per STOKR tooltip); hashrate 1 PH/s per BMN2 | US$ 115,000 / US$ 10,000 (Professional Investors); token price US$45,302 (Series 22) | Not stated | Liquid Network |
| CENTRIFUGE Centrifuge RWA Vaults | Centrifuge (vaults per manager) | ~3-6% (per vault, variable) checked 23 Jul 2026 · over 30 days old | None | No KYC on a DEX | Ethereum / Avalanche (+) |
| syrupUSDC Maple Syrup USDC | Maple Finance | ~5.08% checked 9 Nov 2026 | None | No KYC on a DEX | Ethereum / Solana / Base |
| ONDO-GM Ondo Global Markets | Ondo Finance | Price + accumulating dividends | — | Not stated | Solana / Ethereum / BNB Chain |
| EUTBL Spiko EU T-Bills Money Market Fund | Spiko (SICAV, France) | 2.41% (net of fees, last 31 days) checked 19 Oct 2026 | €1 (≈€1,000 practical) | Not stated | Stellar / Ethereum / Base |
| JTRSY Janus Henderson Anemoy Treasury Fund | Anemoy / Janus Henderson (Centrifuge) | ~3.59% checked 25 Aug 2026 · over 30 days old | $500,000 (institutional) | Not stated | Ethereum (+6) |
| BENJI Franklin OnChain US Government Money Fund | Franklin Templeton | 3.73% (7-day current yield, 30 Sep 2026) checked 19 Oct 2026 | Low (Benji app) | Not stated | Stellar / Base / Ethereum |
| WTGXX WisdomTree Treasury Money Market Digital Fund | WisdomTree | ~3.5% date not stated | Low (app-based) | Not stated | Stellar / Ethereum (share records) |
| USTB Superstate Short Duration US Government Securities Fund | Superstate / Invesco | ~3.35% (T-bill level) checked 9 Nov 2026 | Qualified purchasers (high) | Not stated | Ethereum / Solana |
| SG-UOB-AT1-DIGI-2021 UOB 2.55% AT1 perpetual — digital issue on Marketnode | United Overseas Bank | 2.55% checked 16 Oct 2026 | — | Not stated | Marketnode DLT (issued in parallel with the conventional issue) |
| PKH2 PKH Mining Note 2 | Not named by STOKR | 10% revenue share checked 16 Oct 2026 | US$ 115,000; token price US$ 1.00 | Not stated | Liquid Network |
| OUSG Ondo Short-Term US Government Treasuries | Ondo Finance | ~3.5% checked 9 Nov 2026 | $5,000 | Not stated | Ethereum / Solana / Polygon |
| QA-QNB-DIGI-2028 QNB digitally native bond (Qatar's first) | Qatar National Bank (QNB) | Not stated by the source | — | Not stated | — |
| JAAA Janus Henderson Anemoy AAA CLO Fund | Janus Henderson (Centrifuge / Anemoy) | ~5.8% (stated by Anemoy, undated) checked 19 Oct 2026 | None (deJAAA) | Not stated | Ethereum / Base / Solana (deJAAA) |
| KAU Kinesis Gold | Kinesis Money | Holders’ yield paid in metal; rate not published publicly | From ~$1 (0.01 g) | Not stated | Ethereum / Kinesis |
| HKGB-DIGI-2025-EUR HKSAR Government — Digital Green Bond 2025 (EUR 4-year tranche) | HKSAR Government | 2.512% coupon checked 15 Oct 2026 | — | Not stated | HSBC Orion |
| HKGB-DIGI-2025-USD HKSAR Government — Digital Green Bond 2025 (USD 3-year tranche) | HKSAR Government | 3.633% coupon checked 15 Oct 2026 | — | Not stated | HSBC Orion |
| KAG Kinesis Silver | Kinesis Money | Holders’ yield paid in metal; rate not published publicly | Fractional (~$1+) | Not stated | Ethereum / Kinesis |
| reUSD Re Protocol reUSD (senior reinsurance tranche) | Re Protocol (Resilience (BVI) Ltd; underwriting Cover Reinsurance SPC, Cayman, CIMA) | ~6.8% (Re app, 2026-10-28) checked 28 Oct 2026 | None | Not stated | Ethereum / Solana / Base / Arbitrum / Avalanche and more |
| REALT RealT (tokenized US rental real estate) | RealToken | Payouts suspended (stated median rent 9.82%) checked 12 Oct 2026 | ~$50 / token | Not stated | Gnosis Chain / Ethereum |
| QA-DOHA-DIGI-FRN-2025 Doha Bank digitally native FRN (Doha Finance Ltd) | Doha Finance Ltd (guaranteed by Doha Bank) | SOFR-based floating rate | — | Not stated | Euroclear D-FMI |
| USTBL Spiko US T-Bills Money Market Fund | Spiko (SICAV, France) | 3.82% (net of fees, last 31 days) checked 19 Oct 2026 | €1 (≈$1,000 practical) | Not stated | Stellar / Ethereum |
| ONyc OnRe ONyc (tokenized reinsurance, Solana) | OnRe (OnRe SAC Ltd, Bermuda, BMA) | ~11.0% (estimated, onre.finance, 2026-10-28) checked 28 Oct 2026 | None | No KYC on a DEX | Solana |
| TBILL OpenEden TBILL | OpenEden | ~3.45% (T-bill level) checked 9 Nov 2026 | KYC onboarding; verify current minimum | Not stated | Ethereum / Arbitrum |
| ACRED Apollo Diversified Credit Fund (tokenized) | Apollo / Securitize | ~6.93% (target, variable) checked 9 Nov 2026 | Qualified investors via Securitize | Not stated | Ethereum / Solana / Polygon (+) |
| AE-FAB-DIGI-FRN-2028 First Abu Dhabi Bank digital FRN 2025-2028 | First Abu Dhabi Bank | Floating rate, quarterly | — | Not stated | HSBC Orion |
| SG-SINGTEL-DIGI-2027 Singtel 3.56% five-year sustainability-linked digital bond (ADDX) | Singtel Group Treasury | Not stated by the source | — | Not stated | — |
| TR-ISBANK-DNN-2025 İşbank USD digitally native note (Türkiye's first, Euroclear D-FMI) | Türkiye İş Bankası A.Ş. | Not stated by the source | — | Not stated | Euroclear D-FMI |
| XAUM Matrixdock Gold | Matrixdock | 0% (store of value) | Fractional | Not stated | Ethereum / BNB Chain / Sui |
| TSLAx Tesla (xStocks TSLAx) | Backed / Kraken (xStocks) | Price return | ~$1 | Not stated | Solana (+Ethereum, BNB, Arbitrum, Mantle) |
| HN-PROSPERA Próspera tokenized real-estate equity | Honduras Prospera Inc. (SEC Form D filer) | Not stated by the source | — | Not stated | — |
| NVDAx NVIDIA (xStocks NVDAx) | Backed / Kraken (xStocks) | Price + accumulating dividends | ~$1 | Not stated | Solana (+Ethereum, BNB, Arbitrum, Mantle) |
| QQQx Nasdaq-100 (xStocks QQQx) | Backed / Kraken (xStocks) | Price + accumulating dividends | ~$1 | Not stated | Solana (+Ethereum, BNB, Arbitrum, Mantle) |
| MSTRx Strategy / MicroStrategy (xStocks MSTRx) | Backed / Kraken (xStocks) | Price return | ~$1 | Not stated | Solana (+Ethereum, BNB, Arbitrum, Mantle) |
| reUSDe Re Protocol reUSDe (mezzanine reinsurance tranche) | Re Protocol (Resilience (BVI) Ltd; underwriting Cover Reinsurance SPC, Cayman, CIMA) | ~11.8% (Re app, 2026-10-28) checked 28 Oct 2026 | None | Not stated | Ethereum / Berachain |
| AR-FF-LANDTOKEN-I FF Landtoken I (tokenized farmland trust) | Allaria Fiduciaria S.A. (trustee); Landtoken S.A. | Not stated by the source | — | Not stated | — |
| GSTR Goldstream Fund | STOKR | 'XAUt-collateralized fund capturing Bitcoin lending spreads'; mgmt fee 0%, perf fee 25% | € 125,000 | Not stated | Liquid Network |
| AQF Aquarius Fund | STOKR | Target return; mgmt fee 1% of NAV, perf fee 25% after 6% hurdle | €125,000 | Not stated | Liquid Network |
| SGFORGE-GREEN-2023 Societe Generale EUR 10M 3Y Digital Green Senior Preferred Notes | Societe Generale FORGE (SG-FORGE) | Coupon not published | EUR 100,000 (one indivisible token) | Not stated | Ethereum |
| SGXZ91414763 Tokenised MAS Bill TD26101Z | Monetary Authority of Singapore | Auction | — | Not stated | SGD Testnet |
| CMTPL Metaplanet Note | ORO | n/a (tracks Metaplanet 3350, fully backed) | Min subscription/redemption USD 150,000 ('for eligible investors on STOKR only') | Not stated | Liquid Network |
| AAPLx Apple (xStocks AAPLx) | Backed / Kraken (xStocks) | Price + accumulating dividends | ~$1 | Not stated | Solana (+Ethereum, BNB, Arbitrum, Mantle) |
| PY-AIV-TOKEN Asunción Innovation Valley equity token | Paradata (tokenization by Better Use Blockchain) | Not stated by the source | — | Not stated | — |
| CMSTR CMSTR Note | ORO | n/a (tracks MSTR, fully backed) | Min subscription/redemption USD 150,000 | Not stated | Liquid Network |
| IT-E4-MINIBOND-2031 E4 Computer Engineering EUR 5m tokenised minibond 2025-2031 | E4 Computer Engineering S.p.A. | Not stated by the source | — | Not stated | Polygon PoS |
| REALTOKEN-CH-S-RWA-HOLDINGS-SA-NEUCHATEL-NE RWA Holdings SA, Neuchatel, NE, Suisse | RealT | Vacant — no rent | ~$50.00 per token | Not stated | Gnosis |
| LT0000137457 UAB Verslo parko projektai bond 2028 | UAB Verslo parko projektai | 9% coupon checked 14 Oct 2026 | — | Not stated | Axiology DLT |
| STRCst STRC Note | ORO | Monthly compounding dividends (in-kind) of underlying STRC; payout fee 5% | Subscription & redemption USD 150,000 | Not stated | Liquid Network |
| LT0000137069 UAB NordSpace Projektai bond 2027 | UAB NordSpace Projektai | 8% coupon checked 14 Oct 2026 | — | Not stated | Axiology DLT |
| LT0000137671 UAB Gesons bond 2028 | UAB Gesons | 6.5–9.5% coupon checked 14 Oct 2026 | — | Not stated | Axiology DLT |
| GG-DUNANTRE-2021 Dunant Re catastrophe bond | Dunant Re (Guernsey ILS cell) | Not stated by the source | — | Not stated | — |
| RS-TREESURY2 Treesury Token 2 (second hazelnut orchard, Čoka) | Treesury d.o.o. Beograd | Target 11–15% (issuer forecast, not guaranteed) | EUR 147 (1 token, paid in RSD) | Not stated | Polygon |
| LT0000137994 UTIISIB UAB Riverside real estate fund bond 2029 | UTIISIB UAB Riverside real estate fund | 9.5% coupon checked 14 Oct 2026 | — | Not stated | Axiology DLT |
| DE000A2TR7Q2 Bitbond Token Bond BB1 | Bitbond Finance GmbH | Fixed 1% per quarter (~4% p.a.) plus annual variable payout of 60% of pre-tax profit | Face value €1 per token | Not stated | Stellar (per third-party listing; Bitbond pages say only 'on the blockchain') |
| LT0000135774 LHM Holding UAB bond | LHM Holding UAB | 9% coupon checked 14 Oct 2026 | — | Not stated | Axiology DLT |
| REALTOKEN-S-16851-16881-GREENFIELD-RD-DETROIT-MI 16851-16881 Greenfield Rd, Detroit, MI 48235 | RealT | 10.60% stated net rent · payouts suspended | ~$50.85 per token | Not stated | Gnosis |
| REALTOKEN-S-18401-JOY-RD-DETROIT-MI 18401 Joy Rd, Detroit, MI 48228 | RealT | 9.48% stated net rent · payouts suspended | ~$53.90 per token | Not stated | Gnosis |
| REALTOKEN-S-10410-CADIEUX-RD-DETROIT-MI 10410 Cadieux Rd, Detroit, MI 48224 | RealT | 10.35% stated net rent · payouts suspended | ~$50.91 per token | Not stated | Gnosis |
| REALTOKEN-S-11701-MORANG-AVE-DETROIT-MI 11701 Morang Ave, Detroit, MI 48224 | RealT | 10.65% stated net rent · payouts suspended | ~$49.28 per token | Not stated | Gnosis |
| REALTOKEN-S-THE-RIDER-WYNWOOD-1101-MIAMI-FL The Rider Wynwood 1101, Miami, FL 33127 | RealT | Vacant — no rent | ~$50.38 per token | Not stated | Gnosis |
| RS-TREESURY1 Treesury Token (hazelnut orchard, Čoka) | Treesury d.o.o. Beograd | Target 12–15% (issuer forecast, not guaranteed) | 1 token (EUR 106, paid in RSD) | Not stated | Polygon |
| REALTOKEN-S-11222-E-7-MILE-RD-DETROIT-MI 11222 E 7 Mile Rd, Detroit, MI 48234 | RealT | 9.14% stated net rent · payouts suspended | ~$50.46 per token | Not stated | Gnosis |
| REALTOKEN-S-14631-14633-PLYMOUTH-RD-DETROIT-MI 14631-14633 Plymouth Rd, Detroit, MI 48227 | RealT | 9.13% stated net rent · payouts suspended | ~$50.51 per token | Not stated | Gnosis |
| REALTOKEN-S-2911-STURTEVANT-ST-DETROIT-MI 2911 Sturtevant St, Detroit, MI 48206 | RealT | 10.81% stated net rent · payouts suspended | ~$50.62 per token | Not stated | Gnosis |
| REALTOKEN-S-12641-ELMDALE-ST-DETROIT-MI 12641 Elmdale St, Detroit, MI 48213 | RealT | 9.58% stated net rent · payouts suspended | ~$51.37 per token | Not stated | Gnosis |
| REALTOKEN-S-18980-FENTON-ST-DETROIT-MI 18980 Fenton St, Detroit, MI 48219 | RealT | 12.22% stated net rent · payouts suspended | ~$50.25 per token | Not stated | Gnosis |
| REALTOKEN-D-1418-W-MARQUETTE-RD-CHICAGO-IL D 1418 W Marquette Rd, Chicago, IL 60636 | RealT | Vacant — no rent | ~$50.36 per token | Not stated | Gnosis |
| REALTOKEN-S-1-HOLDINGS-HOLCOMB-ST-DETROIT-MI 1 Holdings Holcomb St, Detroit, MI 48214 | RealT | 7.55% stated net rent · payouts suspended | ~$57.87 per token | Not stated | Gnosis |
| REALTOKEN-S-19000-FENTON-ST-DETROIT-MI 19000 Fenton St, Detroit, MI 48219 | RealT | 11.52% stated net rent · payouts suspended | ~$50.06 per token | Not stated | Gnosis |
| REALTOKEN-S-10110-CADIEUX-RD-DETROIT-MI 10110 Cadieux Rd, Detroit, MI 48224 | RealT | 9.82% stated net rent · payouts suspended | ~$51.64 per token | Not stated | Gnosis |
| REALTOKEN-S-4624-S-EVANS-AVE-CHICAGO-IL 4624 S Evans Ave, Chicago, IL 60653 | RealT | Vacant — no rent | ~$50.92 per token | Not stated | Gnosis |
| REALTOKEN-S-1890-MARLOES-AVE-EAST-CLEVELAND-OH 1890 Marloes Ave, East Cleveland, OH 44112 | RealT | 4.39% stated net rent · payouts suspended | ~$51.96 per token | Not stated | Gnosis |
| REALTOKEN-S-14409-LINNHURST-ST-DETROIT-MI 14409 Linnhurst St, Detroit, MI 48205 | RealT | 10.89% stated net rent · payouts suspended | ~$50.16 per token | Not stated | Gnosis |
| REALTOKEN-S-618-E-79TH-ST-CHICAGO-IL 618 E 79th St, Chicago, IL 60619 | RealT | 8.92% stated net rent · payouts suspended | ~$50.83 per token | Not stated | Gnosis |
| REALTOKEN-S-10411-10421-CADIEUX-RD-DETROIT-MI 10411-10421 Cadieux Rd, Detroit, MI 48224 | RealT | 10.20% stated net rent · payouts suspended | ~$50.26 per token | Not stated | Gnosis |
| REALTOKEN-S-9151-WHITTIER-AVE-DETROIT-MI 9151 Whittier Ave, Detroit, MI 48224 | RealT | 9.98% stated net rent · payouts suspended | ~$50.02 per token | Not stated | Gnosis |
| REALTOKEN-PA-SEL-PH-EMPIRE-RESIDENCES-PANAMA-CITY-PAP LOAN PH Empire Residences, Panama City, Panama | RealT | 10.00% stated net rent · payouts suspended | ~$50.00 per token | Not stated | Gnosis |
| REALTOKEN-PA-SE-VERVANA-T1-PLAYA-VENAO-LS Vervana T1, Playa Venao, Los Santos, Panama | RealT | Vacant — no rent | ~$50.18 per token | Not stated | Gnosis |
| REALTOKEN-S-8003-S-INGLESIDE-AVE-CHICAGO-IL 8003 S Ingleside Ave, Chicago, IL 60619 | RealT | 8.81% stated net rent · payouts suspended | ~$50.64 per token | Not stated | Gnosis |
| REALTOKEN-S-12050-BRYDEN-ST-DETROIT-MI 12050 Bryden St, Detroit, MI 48204 | RealT | 10.32% stated net rent · payouts suspended | ~$50.36 per token | Not stated | Gnosis |
| FR-BNP-ALMT-2026 BNP Paribas EUR 1m senior preferred digital note 2024-2026 | BNP Paribas | Not stated by the source | — | Not stated | Canton (Neobonds) |
| IT-QUARGENTAN-DLT-2027 Quargentan EUR 1m DLT bond 2022-2027 | Quargentan S.p.A. | Not stated by the source | — | Not stated | Hyperledger Fabric (Fleap) |
| REALTOKEN-S-20160-CONANT-ST-DETROIT-MI 20160 Conant St, Detroit, MI 48234 | RealT | 12.76% stated net rent · payouts suspended | ~$51.89 per token | Not stated | Gnosis |
| REALTOKEN-S-19041-LENORE-AVE-DETROIT-MI 19041 Lenore Ave, Detroit, MI 48219 | RealT | 11.94% stated net rent · payouts suspended | ~$50.26 per token | Not stated | Gnosis |
| REALTOKEN-PA-SEL-18-BRISTOL-VILLA-EL-CHIRU-COP LOAN 18 Bristol Villa Buenaventura, El Chiru, Cocle, Panama | RealT | 10.00% stated net rent · payouts suspended | ~$50.00 per token | Not stated | Gnosis |
| REALTOKEN-S-23750-W-7-MILE-RD-DETROIT-MI 23750 W 7 Mile Rd, Detroit, MI 48219 | RealT | 9.10% stated net rent · payouts suspended | ~$50.51 per token | Not stated | Gnosis |
| REALTOKEN-S-1354-W-64TH-ST-CHICAGO-IL 1354 W 64th St, Chicago, IL 60636 | RealT | 7.77% stated net rent · payouts suspended | ~$51.03 per token | Not stated | Gnosis |
| REALTOKEN-D-3510-EWALD-CIR-DETROIT-MI D 3510 Ewald Cir, Detroit, MI 48204 | RealT | Vacant — no rent | ~$50.09 per token | Not stated | Gnosis |
| REALTOKEN-S-1389-BIRD-AVE-BIRMINGHAM-MI 1389 Bird Ave, Birmingham, MI 48009 | RealT | 8.37% stated net rent · payouts suspended | ~$52.74 per token | Not stated | Gnosis |
| REALTOKEN-S-4852-4854-W.CORTEZ-ST-CHICAGO-IL 4852-4854 W Cortez St, Chicago, IL 60651 | RealT | 11.04% stated net rent · payouts suspended | ~$50.90 per token | Not stated | Gnosis |
| REALTOKEN-S-18047-18059-HOOVER-ST-DETROIT-MI 18047-18059 Hoover St, Detroit, MI 48205 | RealT | Vacant — no rent | ~$50.84 per token | Not stated | Gnosis |
| REALTOKEN-SL-18511-JOY-RD-DETROIT-MI LOAN 18511 Joy Rd, Detroit, MI 48228 | RealT | 11.50% stated net rent · payouts suspended | ~$48.65 per token | Not stated | Gnosis |
| REALTOKEN-S-13245-MONICA-ST-DETROIT-MI 13245 Monica St, Detroit, MI 48238 | RealT | 12.32% stated net rent · payouts suspended | ~$51.34 per token | Not stated | Gnosis |
How to choose
Decide first what you want exposure to — dollars at the T-bill rate, gold, credit or stocks — then compare within that category on yield, minimum, KYC and redemption. The ranking tells you which issuers are established, not which token fits you.
More questions
Where are ONDO, CFG and other RWA coins?
Those are the coins of the companies behind the assets, not the assets. Holding ONDO gives you no share of Ondo’s treasury funds; its price follows the company’s prospects and the crypto market. We rank those protocols by the assets they manage on the operators page, separately from the tokens.
Does a larger RWA token mean a safer one?
Size shows that many holders trust the issuer and that redeeming is usually smooth, but it says nothing about the asset itself. A large private-credit pool can still have loans default; a small treasury fund holds the same T-bills as a large one. Check what backs the token, who holds the asset and who may redeem.
Can I buy these on an exchange?
Some, like PAXG and XAUT, trade on large exchanges and decentralised markets. Many fund tokens can only be bought from the issuer after KYC, and some only by professional investors. Each token page names where and by whom it can be bought.
Which one has the lowest minimum?
XAUT (Tether (TG Commodities)), with minimum fractional. The highest stated minimum here is BUIDL, with minimum $5M (institutional).
Which of them can I buy without KYC?
4 of 100 can be bought on a DEX without identity verification: USDY, CENTRIFUGE, syrupUSDC, ONyc. For the rest, the source does not state the secondary-market gate.
Where does the yield of the top five come from?
USYC: Short-term US Treasuries + reverse repos. BUIDL: US Treasuries / repos / cash. USDY: Short-term US Treasuries + bank deposits.
Which is the largest?
By size, USYC at $3.0B, followed by XAUT at $2.6B and BUIDL at $2.4B. Size is not safety, but a larger product usually means a deeper market to sell into.
Are these yields fixed?
51 of 100 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked between 2023-12-20 and 2026-11-09.
Related
RWA protocols ranked by assets →RWA tokens without KYC →Largest dollar stablecoins →Types of tokenized assets →Which tokenized US Treasury pays the highest yield right now — and who is allowed to buy it? →Can I buy tokenized Treasuries without KYC, straight from my own wallet on a DEX? →Which governments, cities and public agencies have issued digital or tokenized bonds? →How much money do I need to invest in tokenized Treasuries — is $100 enough? →All questions →