US Treasury Tokenization Hits $15 Billion Milestone Amid Access Challenges

Tokenized US Treasuries have reached $15 billion across 100 assets, making them the only real-world asset class to reach production-grade maturity.

This milestone was revealed in a recent report from BeInCrypto titled 'Real State of Tokenization in 2026', which tracked roughly $60 billion in tokenized real-world assets across more than 7,000 products and 12 asset classes.

The report found that US Treasuries are the most widely distributed category, with 99% of tokens available on public blockchains. The top products include Circle's USYC, Ondo's USDY, Franklin Templeton's iBENJI, and WisdomTree's WTGXX.

However, access to these tokenized assets remains a major problem, with 97% of the market value off-limits to US retail investors. Only $1.7 billion, or 3% of the core market, is accessible through 1940 Act structures.