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s/cryptohayesTOKENIZED FUNDS•Apr 20
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Tokenized funds hit $33.3B, outpace all onchain RWA categories

Tokenized funds just became the biggest onchain RWA bucket, clearing $30B and pulling ahead of every other tokenized asset category. The shift is that this isn't banks leading it , the top funds are coming from crypto-native issuers, and they're scaling faster than everything else around them.

• $33.3B in tokenized funds vs $5.3B commodities and $1.0B stocks
• Total tokenized assets nearing $40B onchain
• Top five funds all issued by crypto-native DAOs or companies

Ethereum is still the main settlement layer holding this together, and U.S. Treasuries alone have already crossed $13B inside the broader mix. The category isn't niche anymore , it's setting the pace for the rest of tokenized assets.

Timeline2
Apr 20

Token Terminal says tokenized assets are closing in on $40B market cap, with tokenized funds leading by market share.

Apr 20

Token Terminal says tokenized funds have surpassed $30B in onchain market cap and that the top five funds are issued by crypto-native DAOs or companies.

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Apr 20
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