| 1 |
Figure HELOC TokenFIGR_HELOC |
Figure |
Asset-Backed Credit |
$18,791,587,489 |
▲1.23% |
▲5.78% |
— |
Provenance |
Represented |
| 2 |
Circle USYCUSYC |
Circle |
U.S. Treasuries |
$3,011,968,998 |
▲6.58% |
▲1.11% |
3.15% |
   |
Distributed |
| 3 |
Tether GoldXAUT |
Tether Holdings |
Commodities |
$2,513,309,349 |
▼2.53% |
▼10.72% |
— |
    |
Distributed |
| 4 |
BlackRock USD Institutional Digital Liquidity FundBUIDL |
Securitize |
U.S. Treasuries |
$2,368,902,942 |
▼1.02% |
▼3.20% |
3.40% |
        |
Distributed |
| 5 |
JMWHJMWH |
Justoken |
Commodities |
$2,229,136,800 |
0% |
0% |
— |
XRP Ledger |
Represented |
| 6 |
Ondo U.S. Dollar YieldUSDY |
Ondo |
U.S. Treasuries |
$2,150,635,263 |
▲0.37% |
▲0.16% |
3.55% |
           |
Distributed |
| 7 |
Paxos GoldPAXG |
Paxos |
Commodities |
$1,927,571,528 |
▼3.39% |
▼11.86% |
— |
Ethereum |
Distributed |
| 8 |
iBENJIiBENJI |
Franklin Templeton Benji Investments |
U.S. Treasuries |
$1,598,310,545 |
▲0.68% |
▲7.69% |
— |
  |
Distributed |
| 9 |
Syrup USDCsyrupUSDC |
Maple |
Asset-Backed Credit |
$1,456,782,771 |
▼1.58% |
▼7.30% |
6.07% |
     |
Distributed |
| 10 |
Blockchain Capital III Digital Liquid Venture FundBCAP |
Securitize |
Venture Capital |
$974,631,393 |
▼0.09% |
▲1.03% |
— |
  |
Distributed |
| 11 |
Spiko EU T-Bills Money Market FundEUTBL |
Spiko |
Non-U.S. Government Debt |
$952,618,601 |
▼0.12% |
▼1.06% |
1.71% |
     |
Distributed |
| 12 |
Janus Henderson Anemoy Treasury FundJTRSY |
Centrifuge |
U.S. Treasuries |
$872,091,260 |
▲0.01% |
▼20.32% |
3.43% |
        |
Distributed |
| 13 |
BENJIBENJI |
Franklin Templeton Benji Investments |
U.S. Treasuries |
$822,185,583 |
▼1.74% |
▲0.89% |
3.49% |
        |
Distributed |
| 14 |
WisdomTree Treasury Money Market Digital FundWTGXX |
WisdomTree |
U.S. Treasuries |
$796,525,764 |
▼9.68% |
▼16.45% |
3.47% |
        |
Distributed |
| 15 |
Invesco Short Duration US Government Securities FundUSTB |
Superstate |
U.S. Treasuries |
$752,206,416 |
▼0.55% |
▼13.16% |
2.80% |
   |
Distributed |
| 16 |
Blockstream Mining Note 2BMN2 |
STOKR |
Specialty Finance |
$716,874,402 |
▲4.25% |
▼17.74% |
— |
Liquid Network |
Distributed |
| 17 |
Janus Henderson Anemoy AAA CLO FundJAAA |
Centrifuge |
Corporate Credit |
$688,985,509 |
▲57.15% |
▲63.64% |
4.01% |
       |
Distributed |
| 18 |
PKH Mining Note 2PKH2 |
STOKR |
Specialty Finance |
$578,254,128 |
0% |
▲3.36% |
— |
Liquid Network |
Distributed |
| 19 |
Ondo Short-Term US Government Bond FundOUSG |
Ondo |
U.S. Treasuries |
$556,222,002 |
▼3.53% |
▼15.53% |
3.37% |
    |
Distributed |
| 20 |
ChinaAMC USD Digital Money Market Fund Class I USDCUMIU |
Libeara |
U.S. Treasuries |
$547,892,645 |
▲0.06% |
▲0.30% |
3.83% |
Ethereum |
Distributed |
| 21 |
VuMe Bond 2030TPT30 |
Bitbond |
Corporate Credit |
$500,000,000 |
0% |
0% |
— |
Stellar |
Represented |
| 22 |
Spiko Amundi Overnight Swap Fund (EUR)eurSAFO |
Spiko |
Active Strategies |
$495,019,658 |
▲11.23% |
▲23.89% |
2.18% |
     |
Distributed |
| 23 |
Syrup USDTsyrupUSDT |
Maple |
Asset-Backed Credit |
$480,883,136 |
▲2.31% |
▼2.13% |
4.18% |
     |
Distributed |
| 24 |
JSOY_OILJSOY_OIL |
Justoken |
Commodities |
$469,345,379 |
0% |
▼1.22% |
— |
Polygon |
Represented |
| 25 |
PRIMEPRIME |
Hastra |
Asset-Backed Credit |
$406,261,621 |
▲5.57% |
▲31.53% |
— |
  |
Distributed |
| 26 |
Securitize AAA CLO Tokenized Fund, LtdSTAC |
Securitize |
Corporate Credit |
$352,271,010 |
▲244.6% |
▲248.0% |
1.88% |
  |
Distributed |
| 27 |
FIS-FLB1-CRE2025-1IMCGCR1 |
Intain |
Asset-Backed Credit |
$338,956,953 |
0% |
0% |
— |
Intain |
Represented |
| 28 |
Titan III Equity TokenTTN-III |
Ctrl Alt |
Private Equity |
$250,056,427 |
0% |
▲5.47% |
— |
Solana |
Distributed |
| 29 |
Hera I Equity TokenHERA-I-E |
Ctrl Alt |
Private Equity |
$230,040,629 |
0% |
▲5.96% |
— |
Solana |
Distributed |
| 30 |
ASENA FIF - Single TrancheBR0FX5CTF005 |
CRX Digital Assets |
Asset-Backed Credit |
$225,057,993 |
▼2.04% |
▼5.44% |
— |
XRP Ledger |
Represented |
| 31 |
Legion Strategies, Ltd.LS |
Tokeny by Apex |
Active Strategies |
$217,928,797 |
0% |
0% |
— |
Avalanche C-Chain |
Represented |
| 32 |
OpenEden TBILL VaultTBILL |
OpenEden Digital |
U.S. Treasuries |
$216,302,045 |
▲28.32% |
▲81.76% |
4.88% |
     |
Distributed |
| 33 |
Stable Return SPCFSRS |
Asseto |
Diversified Credit |
$205,676,040 |
▲0.18% |
▲0.18% |
— |
Ethereum |
Distributed |
| 34 |
North America Rent Financing Platform Senior Secured Term NotesPC0000031 |
Tradable |
Asset-Backed Credit |
$202,500,000 |
0% |
0% |
— |
ZKsync Era |
Represented |
| 35 |
OnRe Tokenized ReinsuranceONyc |
OnRe |
Specialty Finance |
$184,541,093 |
▲3.88% |
▲9.65% |
11.20% |
Solana |
Distributed |
| 36 |
Bitwise Crypto Carry FundUSCC |
Superstate |
Active Strategies |
$183,280,103 |
▼3.94% |
▼6.98% |
1.26% |
   |
Distributed |
| 37 |
Berkeley Square Emerging Markets Portfolio 2BSFG-EM-2 |
PACT |
Asset-Backed Credit |
$178,714,731 |
▼0.16% |
▲0.22% |
— |
Aptos |
Represented |
| 38 |
VERT's FIDC Byx Mozart - SeniorBR0OVSCTF004 |
VERT Capital |
Asset-Backed Credit |
$169,574,044 |
▲1.35% |
0% |
15.80% |
XRP Ledger |
Represented |
| 39 |
US Buy Now, Pay Later Finance Provider Senior Secured Term NotesPC0000033 |
Tradable |
Asset-Backed Credit |
$162,500,000 |
0% |
0% |
— |
ZKsync Era |
Represented |
| 40 |
Gov't Contractor Financier Senior Secured Term NotesPC1475577896 |
Tradable |
Asset-Backed Credit |
$159,000,000 |
0% |
▼4.36% |
— |
ZKsync Era |
Represented |
| 41 |
Berkeley Square Emerging Markets Portfolio 1BSFG-EM-1 |
PACT |
Asset-Backed Credit |
$149,014,874 |
▼0.16% |
▲0.22% |
— |
Aptos |
Represented |
| 42 |
Spiko US T-Bills Money Market FundUSTBL |
Spiko |
U.S. Treasuries |
$145,286,444 |
▼0.61% |
▼7.41% |
3.42% |
     |
Distributed |
| 43 |
Spiko Amundi Overnight Swap FundSAFO |
Spiko |
Active Strategies |
$144,516,459 |
▼0.09% |
▲22.35% |
3.89% |
     |
Distributed |
| 44 |
FalconX Credit VaultAA_FalconXUSDC |
Pareto |
Diversified Credit |
$136,124,831 |
▲1.39% |
▲7.11% |
— |
Ethereum |
Distributed |
| 45 |
Strategy PP Variable xStockSTRCx |
xStocks |
Stocks |
$131,356,463 |
▲3.39% |
▲60.28% |
— |
        |
Distributed |
| 46 |
Theo Short Duration US Treasury FundthBILL |
Theo |
U.S. Treasuries |
$127,500,239 |
▼0.47% |
▼6.40% |
3.48% |
  |
Distributed |
| 47 |
North America Fintech Senior Secured Term NotesPC0000053 |
Tradable |
Corporate Credit |
$123,500,000 |
0% |
▲2.49% |
— |
ZKsync Era |
Represented |
| 48 |
JSOYJSOY |
Justoken |
Commodities |
$122,548,132 |
▲0.08% |
▲22.14% |
— |
Polygon |
Represented |
| 49 |
Delta Wellington Ultra Short Treasury On-Chain FundULTRA |
Libeara |
U.S. Treasuries |
$121,909,138 |
▼7.71% |
▼7.33% |
3.02% |
    |
Distributed |
| 50 |
Exodus Movement Inc. (Class B)EXODB |
Securitize |
Private Equity |
$118,239,964 |
▼0.16% |
▼10.13% |
— |
Arbitrum |
Distributed |