RT Token Terminal 📊 (@tokenterminal)Two biggest tokenized fund deployments:🏦 @BlackRock BUIDL🏦 @WisdomTreePrime WTGXXCommon denominators:▪️ The issuers are listed companies founded in the 1980s▪️ The tokenized funds invest in US T-Bills▪️ The tokens are deployed on @ethereum https://t.co/MnaEw7dNqB ...

Tokenized Fund Deployments - Two largest tokenized fund deployments are BlackRock BUIDL and WisdomTreePrime WTGXX [1] - Issuers are listed companies founded in the 1980s [1] - Tokenized funds invest in US T-Bills [1] - Tokens are deployed on Ethereum [1] Market Outlook - Success of these products represents a "low-risk" playbook for Wall Street [1]

Two biggest tokenized fund deployments:🏦 @BlackRock BUIDL🏦 @WisdomTreePrime WTGXXCommon denominators:▪️ The issuers are listed companies founded in the 1980s▪️ The tokenized funds invest in US T-Bills▪️ The tokens are deployed on @ethereum https://t.co/MnaEw7dNqB ...

RT Token Terminal 📊 (@tokenterminal)Two biggest tokenized fund deployments:1) @BlackRock BUIDL on @ethereum2) @WisdomTreePrime WTGXX on Ethereum ...

Tokenized Fund Deployments - BlackRock BUIDL on Ethereum 是最大的代币化基金部署之一 [1] - WisdomTreePrime WTGXX on Ethereum 也是一个重要的代币化基金部署 [1] Tokenized Money Market Funds (TMMF) - 代币化货币市场基金是最常见的产品形式 [1] - Spiko Finance 的 EUTBL 是首个投资于欧盟国债的代币化货币市场基金 [1]

Market Position - WisdomTreePrime's WTGXX money market fund is the 2nd biggest RWA product [1] - BlackRock's BUIDL is the largest RWA product [1]

RT Token Terminal 📊 (@tokenterminal)Top tokenized RWAs: @BlackRock's BUIDL @OndoFinance's OUSG @WisdomTreePrime's WTGXX https://t.co/XXnmET5azz ...

Top tokenized RWAs: @BlackRock's BUIDL @OndoFinance's OUSG @WisdomTreePrime's WTGXX https://t.co/XXnmET5azz ...

Real World Assets (RWA) Sector Overview - RWA 领域在过去一年中 наблюдалось 970 亿美元的稳定币新流入 [1] - 报告重点关注了 Ethena Labs 的 $USDtb 和 BlackRock 的 $BUIDL [1] - 报告旨在剖析 RWA 领域突破性增长年份的关键因素 [1]

Regulatory Compliance and Institutional Backing - Ethena Labs' USDtb is positioned to be the first regulated U S stablecoin under the GENIUS Act, ensuring compliance with mandatory 1:1 treasury backing, strict KYC/AML protocols [1] - 80% of USDtb reserves are allocated in BlackRock's BUIDL tokenized treasury fund, indicating strong institutional confidence [2] Yield Generation and Revenue Model - Ethena's hybrid yield model offers a 12% APY via crypto perpetual futures funding rates [2] - The model ensures a minimum yield floor of 4 25% through automatic collateral shift to USDtb [2] - The protocol has generated $31 million in monthly fees [3] - A fee switch activation is pending major exchange listings (Binance, OKX), which will provide revenue-sharing to sENA stakers [3] Market Position and Growth - USDe rapidly reached $7 billion in circulation, becoming the third-largest stablecoin globally [4] - Stablecoin transaction volumes have doubled Visa's in 2025, highlighting the growing relevance of stablecoins [3] - Ethena's model is considered safer than algorithmic stablecoins and more profitable than Circle's shared-profit structure [3] Strategic Initiatives and Investor Confidence - Ethena Foundation initiated a $260 million buyback, absorbing approximately 8% of ENA's circulating supply [4] - Approximately $5 million in daily buy pressure is anticipated over six weeks [4] - Prominent investor @CryptoHayes accumulated $4 58 million in ENA, signaling institutional confidence [4] Ecosystem Development - Terminal Finance partnership offers regulated access to yield-bearing assets, achieving $134 million TVL [4] - Pendle collaboration enables leveraged yield strategies, including significant yield multipliers (up to 55 8x) [4] - An upcoming institutional-focused blockchain (Converge Chain) is expected to enhance scalability and reduce costs [4]