Tokenized funds

Independent risk scores for tokenized funds Philidor monitors. Three product types: treasuries, T-bill stables, and on-chain credit. Pick a category below, then open any asset for the full due-diligence record.

Full Tokenized funds universe across the three product types below.

31Products

45Deployments

84%Reviewed

77%AUM published

20In Basket A

3.42%Median yield · SEC 7d

Yield by basis: SEC 7d 3.42% (20) · SEC 30d 3.92% (2) · Target 4.00% (1) · 1 excluded for conflicting per-chain yields. Total AUM & weighted yield withheld pending a canonical product-AUM model.

Live · 2026-08-11 23:39:43 UTC · api.philidor.io/v1/rwaGet API key

Quick filters:

31 products · 45 deployments

FDITBasket A

Fidelity Treasury Digital Fund

Prime8.03/10

Issuer: Fidelity Investments
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: -
Yield: 4.05% · SEC 7d

WTGXXBasket A

WisdomTree Government Money Market Digital Fund

Core7.93/10

Issuer: WisdomTree
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $752.5M
Yield: 3.55% · SEC 7d

EUTBLBasket A

Spiko EU T-Bills Money Market Fund

Core7.90/10

Issuer: Spiko
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $21.6M
Yield: 2.13% · SEC 7d

BUIDLBasket A

BlackRock USD Institutional Digital Liquidity Fund

Core7.68/10

Issuer: BlackRock
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $224.9M
Yield: 3.38% · SEC 7d

JTRSYBasket A

Janus Henderson Anemoy Treasury Fund

Core7.63/10

Issuer: Janus Henderson
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $871.6M
Yield: 3.40% · SEC 7d

USTBLBasket A

Spiko US T-Bills Money Market Fund

Core7.63/10

Issuer: Spiko
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $58.8M
Yield: 3.36% · SEC 7d

ULTRABasket A

Delta Wellington Ultra Short Treasury On-Chain Fund

Core7.60/10

Issuer: Libeara (Standard Chartered) / FundBridge Capital
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $851K
Yield: 3.68% · SEC 7d

BENJIBasket A

Franklin OnChain US Government Money Fund

Core7.58/10

Issuer: Franklin Templeton
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $48.0M
Yield: 3.56% · SEC 7d

USTBBasket A

Invesco Short Duration US Government Securities Fund

Core7.58/10

Issuer: Superstate
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $809.4M
Yield: 2.99% · SEC 7d

USYCBasket A

Hashnote US Yield Coin

Core7.53/10

Issuer: Hashnote (Circle)
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $91.5M
Yield: 3.15% · SEC 7d

JAAABasket A

Janus Henderson Anemoy AAA CLO Fund

Core7.52/10

Issuer: Janus Henderson
Review: Reviewed
Category: On-chain credit
Chain: Ethereum
AUM: $177.2M
Yield: 5.72% · SEC 7d

OUSGBasket A

Ondo Short-Term US Government Bond Fund

Core7.45/10

Issuer: Ondo Finance
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $163.8M
Yield: 3.37% · SEC 7d

bIB01Basket A

Backed iShares 0-1 Year Treasury Bond

Core7.40/10

Issuer: Backed Finance
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $1.7M
Yield: 4.00% · SEC 30d

CUMIUBasket A

ChinaAMC USD Digital Money Market Fund

Core7.40/10

Issuer: China Asset Management
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $551.1M
Yield: 3.86% · SEC 7d

VBILLBasket A

VanEck Treasury Fund

Core7.38/10

Issuer: VanEck
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $19.5M
Yield: 3.44% · SEC 7d

bIBTABasket A

Backed iShares 1-3 Year Treasury Bond

Core7.30/10

Issuer: Backed Finance
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $1.1M
Yield: 3.85% · SEC 30d

TBILLBasket A

OpenEden T-Bills

Core7.30/10

Issuer: OpenEden
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $23.6M
Yield: 3.34% · SEC 7d

USDtbBasket A

Ethena USDtb

Core7.25/10

Issuer: Ethena Labs
Review: Reviewed
Category: T-bill stable
Chain: Ethereum
AUM: $736.2M
Yield: -

ACREDBasket A

Apollo Diversified Credit Securitize Fund

Core7.23/10

Issuer: Apollo Global Management
Review: Reviewed
Category: On-chain credit
Chain: Ethereum
AUM: $38.2M
Yield: 9.31% · SEC 7d

USDYBasket A

Ondo US Dollar Yield

Core7.22/10

Issuer: Ondo Finance
Review: Reviewed
Category: T-bill stable
Chain: Ethereum
AUM: $1.11B
Yield: 3.49% · SEC 7d

BELIF

Bosera HashKey Digital Liquidity Income Fund

Core7.20/10

Issuer: Bosera Asset Management (International)
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $102.0M
Yield: 4.00% · Target

mTBILL

Midas US Treasury Bills

Core6.88/10

Issuer: Midas
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $63.2M
Yield: 3.16% · SEC 7d

nTBILL

Core6.73/10

Issuer: -
Review: Provisional
Category: Tokenized treasury
Chain: Plume
AUM: -
Yield: -

WTGXX

WisdomTree Government Money Market Digital Fund

Core6.51/10

Issuer: WisdomTree
Review: Reviewed
Category: Tokenized treasury
Chain: Avalanche
AUM: $201K
Yield: 3.55% · SEC 7d

nALPHA

Core6.38/10

Issuer: -
Review: Provisional
Category: On-chain credit
Chain: Ethereum
AUM: -
Yield: -

nALPHA

Core6.38/10

Issuer: -
Review: Provisional
Category: On-chain credit
Chain: Plume
AUM: -
Yield: -

BUIDL

BlackRock USD Institutional Digital Liquidity Fund

Core6.34/10

Issuer: BlackRock
Review: Reviewed
Category: Tokenized treasury
Chain: Avalanche
AUM: $631.1M
Yield: 3.38% · SEC 7d

nCREDIT

Core6.30/10

Issuer: -
Review: Provisional
Category: On-chain credit
Chain: Plume
AUM: -
Yield: -

mGLOBAL

Midas Fasanara Global

Core6.15/10

Issuer: Fasanara Capital
Review: Reviewed
Category: On-chain credit
Chain: Ethereum
AUM: -
Yield: 0.00% · SEC 7d

nINSTO

Core6.13/10

Issuer: -
Review: Provisional
Category: On-chain credit
Chain: Plume
AUM: -
Yield: -

nBASIS

Core6.10/10

Issuer: -
Review: Provisional
Category: Tokenized treasury
Chain: Plume
AUM: -
Yield: -

BENJI

Franklin OnChain US Government Money Fund

Core6.00/10

Issuer: Franklin Templeton
Review: Reviewed
Category: Tokenized treasury
Chain: Polygon
AUM: $32.1M
Yield: 3.56% · SEC 7d

BUIDL

BlackRock USD Institutional Digital Liquidity Fund

Core5.93/10

Issuer: BlackRock
Review: Reviewed
Category: Tokenized treasury
Chain: Polygon
AUM: $13.5M
Yield: 3.38% · SEC 7d

WTGXX

WisdomTree Government Money Market Digital Fund

Core5.91/10

Issuer: WisdomTree
Review: Reviewed
Category: Tokenized treasury
Chain: Arbitrum
AUM: $11.2M
Yield: 3.55% · SEC 7d

thBILL

Theo Short Duration US Treasury Fund

Core5.80/10

Issuer: Theo
Review: Reviewed
Category: Tokenized treasury
Chain: Ethereum
AUM: $87.3M
Yield: 3.67% · SEC 7d

WTGXX

WisdomTree Government Money Market Digital Fund

Core5.73/10

Issuer: WisdomTree
Review: Reviewed
Category: Tokenized treasury
Chain: Optimism
AUM: $0
Yield: 3.55% · SEC 7d

OUSG

Ondo Short-Term US Government Bond Fund

Core5.71/10

Issuer: Ondo Finance
Review: Reviewed
Category: Tokenized treasury
Chain: Polygon
AUM: $0
Yield: 3.37% · SEC 7d

BUIDL

BlackRock USD Institutional Digital Liquidity Fund

Core5.68/10

Issuer: BlackRock
Review: Reviewed
Category: Tokenized treasury
Chain: Arbitrum
AUM: $24.5M
Yield: 3.38% · SEC 7d

BUIDL

BlackRock USD Institutional Digital Liquidity Fund

Core5.55/10

Issuer: BlackRock
Review: Reviewed
Category: Tokenized treasury
Chain: Optimism
AUM: $26.3M
Yield: 3.38% · SEC 7d

PRIME

Core5.42/10

Issuer: -
Review: Reviewed
Category: On-chain credit
Chain: Ethereum
AUM: $189.5M
Yield: -

WTGXX

WisdomTree Government Money Market Digital Fund

Core5.35/10

Issuer: WisdomTree
Review: Reviewed
Category: Tokenized treasury
Chain: Base
AUM: $366
Yield: 3.53% · SEC 7d

BENJI

Franklin OnChain US Government Money Fund

Core5.21/10

Issuer: Franklin Templeton
Review: Reviewed
Category: Tokenized treasury
Chain: Base
AUM: $59.5M
Yield: 3.56% · SEC 7d

mF-ONE

Midas Fasanara mF-ONE Credit Fund

Core5.13/10

Issuer: Fasanara Capital
Review: Reviewed
Category: On-chain credit
Chain: Ethereum
AUM: $69.7M
Yield: 9.86% · SEC 7d

thBILL

Theo Short Duration US Treasury Fund

Edge4.63/10

Issuer: Theo
Review: Reviewed
Category: Tokenized treasury
Chain: Stable
AUM: -
Yield: 3.67% · SEC 7d

thBILL

Theo Short Duration US Treasury Fund

Edge3.08/10

Issuer: Theo
Review: Reviewed
Category: Tokenized treasury
Chain: Arbitrum
AUM: $5.9M
Yield: 3.67% · SEC 7d

	Issuer	Category	Chain	Review				Risk
FDITA Fidelity Treasury Digital Fund	Fidelity Investments	Tokenized treasury	Ethereum	Reviewed	-	4.05% · SEC 7d	8.03/10	Prime
WTGXXA WisdomTree Government Money Market Digital Fund	WisdomTree	Tokenized treasury	Ethereum	Reviewed	$752.5M	3.55% · SEC 7d	7.93/10	Core
EUTBLA Spiko EU T-Bills Money Market Fund	Spiko	Tokenized treasury	Ethereum	Reviewed	$21.6M	2.13% · SEC 7d	7.90/10	Core
BUIDLA BlackRock USD Institutional Digital Liquidity Fund	BlackRock	Tokenized treasury	Ethereum	Reviewed	$224.9M	3.38% · SEC 7d	7.68/10	Core
JTRSYA Janus Henderson Anemoy Treasury Fund	Janus Henderson	Tokenized treasury	Ethereum	Reviewed	$871.6M	3.40% · SEC 7d	7.63/10	Core
USTBLA Spiko US T-Bills Money Market Fund	Spiko	Tokenized treasury	Ethereum	Reviewed	$58.8M	3.36% · SEC 7d	7.63/10	Core
ULTRAA Delta Wellington Ultra Short Treasury On-Chain Fund	Libeara (Standard Chartered) / FundBridge Capital	Tokenized treasury	Ethereum	Reviewed	$851K	3.68% · SEC 7d	7.60/10	Core
BENJIA Franklin OnChain US Government Money Fund	Franklin Templeton	Tokenized treasury	Ethereum	Reviewed	$48.0M	3.56% · SEC 7d	7.58/10	Core
USTBA Invesco Short Duration US Government Securities Fund	Superstate	Tokenized treasury	Ethereum	Reviewed	$809.4M	2.99% · SEC 7d	7.58/10	Core
USYCA Hashnote US Yield Coin	Hashnote (Circle)	Tokenized treasury	Ethereum	Reviewed	$91.5M	3.15% · SEC 7d	7.53/10	Core
JAAAA Janus Henderson Anemoy AAA CLO Fund	Janus Henderson	On-chain credit	Ethereum	Reviewed	$177.2M	5.72% · SEC 7d	7.52/10	Core
OUSGA Ondo Short-Term US Government Bond Fund	Ondo Finance	Tokenized treasury	Ethereum	Reviewed	$163.8M	3.37% · SEC 7d	7.45/10	Core
bIB01A Backed iShares 0-1 Year Treasury Bond	Backed Finance	Tokenized treasury	Ethereum	Reviewed	$1.7M	4.00% · SEC 30d	7.40/10	Core
CUMIUA ChinaAMC USD Digital Money Market Fund	China Asset Management	Tokenized treasury	Ethereum	Reviewed	$551.1M	3.86% · SEC 7d	7.40/10	Core
VBILLA VanEck Treasury Fund	VanEck	Tokenized treasury	Ethereum	Reviewed	$19.5M	3.44% · SEC 7d	7.38/10	Core
bIBTAA Backed iShares 1-3 Year Treasury Bond	Backed Finance	Tokenized treasury	Ethereum	Reviewed	$1.1M	3.85% · SEC 30d	7.30/10	Core
TBILLA OpenEden T-Bills	OpenEden	Tokenized treasury	Ethereum	Reviewed	$23.6M	3.34% · SEC 7d	7.30/10	Core
USDtbA Ethena USDtb	Ethena Labs	T-bill stable	Ethereum	Reviewed	$736.2M	-	7.25/10	Core
ACREDA Apollo Diversified Credit Securitize Fund	Apollo Global Management	On-chain credit	Ethereum	Reviewed	$38.2M	9.31% · SEC 7d	7.23/10	Core
USDYA Ondo US Dollar Yield	Ondo Finance	T-bill stable	Ethereum	Reviewed	$1.11B	3.49% · SEC 7d	7.22/10	Core
BELIF Bosera HashKey Digital Liquidity Income Fund	Bosera Asset Management (International)	Tokenized treasury	Ethereum	Reviewed	$102.0M	4.00% · Target	7.20/10	Core
mTBILL Midas US Treasury Bills	Midas	Tokenized treasury	Ethereum	Reviewed	$63.2M	3.16% · SEC 7d	6.88/10	Core
nTBILL -	-	Tokenized treasury	Plume	Provisional	-	-	6.73/10	Core
WTGXX WisdomTree Government Money Market Digital Fund	WisdomTree	Tokenized treasury	Avalanche	Reviewed	$201K	3.55% · SEC 7d	6.51/10	Core
nALPHA -	-	On-chain credit	Ethereum	Provisional	-	-	6.38/10	Core
nALPHA -	-	On-chain credit	Plume	Provisional	-	-	6.38/10	Core
BUIDL BlackRock USD Institutional Digital Liquidity Fund	BlackRock	Tokenized treasury	Avalanche	Reviewed	$631.1M	3.38% · SEC 7d	6.34/10	Core
nCREDIT -	-	On-chain credit	Plume	Provisional	-	-	6.30/10	Core
mGLOBAL Midas Fasanara Global	Fasanara Capital	On-chain credit	Ethereum	Reviewed	-	0.00% · SEC 7d	6.15/10	Core
nINSTO -	-	On-chain credit	Plume	Provisional	-	-	6.13/10	Core
nBASIS -	-	Tokenized treasury	Plume	Provisional	-	-	6.10/10	Core
BENJI Franklin OnChain US Government Money Fund	Franklin Templeton	Tokenized treasury	Polygon	Reviewed	$32.1M	3.56% · SEC 7d	6.00/10	Core
BUIDL BlackRock USD Institutional Digital Liquidity Fund	BlackRock	Tokenized treasury	Polygon	Reviewed	$13.5M	3.38% · SEC 7d	5.93/10	Core
WTGXX WisdomTree Government Money Market Digital Fund	WisdomTree	Tokenized treasury	Arbitrum	Reviewed	$11.2M	3.55% · SEC 7d	5.91/10	Core
thBILL Theo Short Duration US Treasury Fund	Theo	Tokenized treasury	Ethereum	Reviewed	$87.3M	3.67% · SEC 7d	5.80/10	Core
WTGXX WisdomTree Government Money Market Digital Fund	WisdomTree	Tokenized treasury	Optimism	Reviewed	$0	3.55% · SEC 7d	5.73/10	Core
OUSG Ondo Short-Term US Government Bond Fund	Ondo Finance	Tokenized treasury	Polygon	Reviewed	$0	3.37% · SEC 7d	5.71/10	Core
BUIDL BlackRock USD Institutional Digital Liquidity Fund	BlackRock	Tokenized treasury	Arbitrum	Reviewed	$24.5M	3.38% · SEC 7d	5.68/10	Core
BUIDL BlackRock USD Institutional Digital Liquidity Fund	BlackRock	Tokenized treasury	Optimism	Reviewed	$26.3M	3.38% · SEC 7d	5.55/10	Core
PRIME -	-	On-chain credit	Ethereum	Reviewed	$189.5M	-	5.42/10	Core
WTGXX WisdomTree Government Money Market Digital Fund	WisdomTree	Tokenized treasury	Base	Reviewed	$366	3.53% · SEC 7d	5.35/10	Core
BENJI Franklin OnChain US Government Money Fund	Franklin Templeton	Tokenized treasury	Base	Reviewed	$59.5M	3.56% · SEC 7d	5.21/10	Core
mF-ONE Midas Fasanara mF-ONE Credit Fund	Fasanara Capital	On-chain credit	Ethereum	Reviewed	$69.7M	9.86% · SEC 7d	5.13/10	Core
thBILL Theo Short Duration US Treasury Fund	Theo	Tokenized treasury	Stable	Reviewed	-	3.67% · SEC 7d	4.63/10	Edge
thBILL Theo Short Duration US Treasury Fund	Theo	Tokenized treasury	Arbitrum	Reviewed	$5.9M	3.67% · SEC 7d	3.08/10	Edge

Regulatory wrapper

19.4%

16.1%

12.9%

9.7%

16.1%

Unknown 19.4%Reg D 506(c) 16.1%Reg S 12.9%1940 Act 9.7%BVI SIBA 9.7%UCITS MMF (SICAV) 6.5%MiCA 6.5%MAS CMS 3.2%Other 16.1%

Jurisdiction

25.8%

19.4%

12.9%

British Virgin Islands 25.8%United States 19.4%Unknown 19.4%France 6.5%Switzerland 6.5%Singapore 3.2%Bermuda 3.2%Hong Kong 3.2%Other 12.9%

Custodian

25.8%

16.1%

32.3%

Unknown 25.8%Bank of New York Mellon 16.1%CACEIS 6.5%InCore Bank AG 6.5%Pershing LLC 3.2%Standard Chartered Bank 3.2%JPMorgan Chase Bank, N.A. 3.2%The Bank of New York Mellon 3.2%Other 32.3%

Auditor

22.6%

12.9%

9.7%

22.6%

Unknown 22.6%PricewaterhouseCoopers 12.9%Ernst & Young 9.7%KPMG 9.7%MHA Cayman 6.5%PricewaterhouseCoopers LLP 6.5%Grant Thornton 6.5%Valaston International 3.2%Other 22.6%

Each asset is scored 0-10 across five dimensions (issuer and custody, reserve transparency, redeemability, protocol security, liquidity). The category-specific weighted average maps to a tier: Prime at 8.0 or above, Core at 5.0 or above, Edge below 5.0. Scores sit next to the institutional fields an allocator uses to underwrite a wrapper: jurisdiction, KYC gate, custodian, auditor, attestation cadence, and redemption window.

Tiers

Prime ≥ 8.0Core ≥ 5.0Edge < 5.0

Review status

reviewed: analyst attestedprovisional: under reviewunreviewed: capped at 2.0

Per-category dimension weights

Category	Issuer & custody	Reserve transparency	Redeemability	Peg stability	Governance	Liquidity
Tokenized treasury	30%	25%	15%	10%	10%	10%
T-bill stable	25%	20%	15%	15%	10%	15%
On-chain credit	35%	20%	15%	-	15%	15%

Full methodology docs