Jupiter , a Solana-based decentralized exchange aggregator, announced on Feb. 2 a $35 million investment in its JUP token from ParaFi Capital. The deal will be settled entirely in JupUSD, Jupiter’s stablecoin. According to Jupiter’s announcement, the deal closed at current market price with ParaFi committing to an extended token lockup. Jupiter did not disclose the specific lockup duration. ParaFi Capital had not issued a public statement confirming the investment at the time of publication. JupUSD to ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ripple (CRYPTO: XRP) on Tuesday launched the Ripple Treasury, which integrates GTreasury’s enterprise software and enables 3-5 second cross-border settlements using RLUSD (CRYPTO: RLUSD) stablecoin versus traditional 3-5 day wire transfers. What Ripple Treasury Actually Does The platform combines traditional cash management with digital asset operations in a single system, solving a major problem for corp ...

Core Insights - Circle's USYC has surpassed BlackRock's BUIDL to become the largest tokenized money market fund globally, with USYC at $1.69 billion in assets and BUIDL at $1.68 billion, marking an 11% growth for USYC and a 2.85% decline for BUIDL over 30 days [1][2] Fund Performance - USYC's growth is primarily attributed to its partnership with Binance, which holds $1.43 billion of USYC, accounting for 94% of the total supply [2][3] - BUIDL has a more diversified holder base with 103 distinct holders, although its top 10 holders still represent over 95% of its total value [5] Market Context - The overall tokenized treasury market is valued at $10.07 billion, with USYC and BUIDL together representing approximately one-third of this market [5] - Stablecoin transaction volumes have increased to $33 trillion in 2025, potentially driving further institutional interest in related products [6]

Core Insights - BlackRock acknowledges Ethereum's significant role in tokenization, suggesting it may become a central player in blockchain-based markets on Wall Street [1] - Ethereum currently supports 65% of tokenized assets, indicating its dominance in this sector and potential for value growth as more firms utilize it for digital asset representation [2][3] - The report highlights a trend where tokenized assets are gaining traction beyond speculative trading, with stablecoin adoption outpacing spot crypto trading volumes [2] Group 1 - Ethereum is seen as a potential "toll road" for blockchain markets, benefiting from increased trading activity and the issuance of stablecoins and real-world assets [1][3] - BlackRock's tokenized money market fund, BUIDL, has $1.6 billion in assets, with significant portions on Ethereum ($499 million) and Binance's BNB Chain ($503 million) [5] - The firm emphasizes the convergence of traditional markets with crypto, exemplified by the interest in spot exchange-traded funds for digital assets [5] Group 2 - BlackRock manages the largest ETFs for Bitcoin and Ethereum, with assets under management of $70.6 billion and $10.7 billion, respectively [6] - The report notes that while multiple networks can support tokenized assets, only Bitcoin and Ethereum are highlighted, indicating a focused strategy on these two [4] - Ethereum currently manages $13.2 billion in real-world assets, showcasing its capability in the tokenization space compared to other networks [4]

Core Insights - The market capitalization of yield-bearing, on-chain Treasury products has more than doubled in 2025, exceeding nine billion dollars by December [1][6] - Different tokenized Treasury platforms exhibit varying performance, with some yielding higher returns than others [2][6] Tokenized Treasury Platforms - Tokenized Treasury products can be categorized into two classes: fixed net asset value (NAV) products and floating price tokens [3][4] - Fixed-NAV products, such as traditional money market funds, distribute dividends by issuing new tokens, while floating price tokens automatically accrue yield as underlying assets appreciate [3][4] Treasury Token Returns in 2025 - Among floating-price Treasury tokens, Superstate's USTB achieved the highest yield, with a $1,000 investment growing to $1,038.1, resulting in an annualized return of 4.11% [5] - Yields for various floating-price tokens range from 2.3% to 4.2% [6] Fixed-Price Treasury Tokens - Fixed-price tokenized MMFs and yield-bearing stablecoins have more complex comparisons, with limited data available for year-to-date returns from only a few providers [7] - Adjusted annualized returns for fixed-price Treasury tokens show varying performance, with YLDS at 2.56% and BENJI at 4.0% [9]

RT Token Terminal 📊 (@tokenterminal)ICYMI: At a ~$1.8B market cap, @Securitize's BUIDL is the biggest tokenized fund in the market. https://t.co/CxEfVQq12t ...

RT Token Terminal 📊 (@tokenterminal)A treemap of tokenized funds.Size based on market cap.Color based on 30d market cap growth.@circle's USYC is on track to overtake @Securitize's BUIDL, should the current growth rates sustain.A race to follow 👇 https://t.co/jsjyqviExz ...

Tokenized Assets Overview - Token Terminal identifies the largest categories of tokenized assets, excluding stablecoins [1] - Tokenized funds, such as $BUIDL, represent a significant category [1] - Tokenized commodities, exemplified by $XAUT, constitute another major category [1] - Tokenized stocks, like $TSLAon, are also a notable category of tokenized assets [1]

A treemap of tokenized funds.Size based on market cap.Color based on 30d market cap growth.@circle's USYC is on track to overtake @Securitize's BUIDL, should the current growth rates sustain.A race to follow 👇 https://t.co/jsjyqviExz ...

Largest categories of tokenized assets, excluding stablecoins:1) Tokenized funds, like $BUIDL2) Tokenized commodities, like $XAUT3) Tokenized stocks, like $TSLAon https://t.co/fK08AxY5aZ ...