Tokenized Treasuries & RWA

Daily 3-month Treasury bill secondary-market rate, discount basis, in percent. The benchmark leg of the tokenized-treasury spread: what a tokenized treasury product's holder could have earned holding the bills directly. Source: Board of Governors of the Federal Reserve System, retrieved from FRED, Federal Reserve Bank of St. Louis.

Median APY across stablecoin pools with >= $50M TVL on DefiLlama yields; pool count in value_secondary, top-10 composition in raw. Requires >= 5 qualifying pools.

Realized annualized yield of AltStreet's tracked NAV-accruing tokenized treasury products (OUSG, USDY) over the trailing thirty-odd days of daily NAV, less the 3-month Treasury bill rate on the same day, in basis points; the headline is the median across products and the count of products is the secondary value. The product leg is holders' earned yield computed from net asset value drift, the same arithmetic as the Yield Monitor, never an advertised APY. BUIDL distributes and pegs NAV at one dollar, so it has no drift and is excluded rather than counted as zero. The bill leg is discount basis, a few basis points under a money-market yield. A negative spread is what the tokenized wrapper costs its holder in fees and structure; a positive one usually reflects rate moves inside the window, not a free lunch. Not computed when the bill leg is more than six days stale.