Your First Captivating Topic of the Week

📈 Yieldcoins Cross $5B, BUIDL to Cross $2B Soon

This week we saw tokenized treasuries, money market funds, etc. (yieldcoins) grow past $5 billion in market cap. The leader? It’s not Hashnote anymore as its AUM has decreased while BUIDL has increased making the latter the new king (again)!

As you might’ve seen in Herwig’s tweet, it took BlackRock’s fund 354 days to gain $700 million in AUM and then after crossing the $1B mark it only took 11 days… it’s crazy how fast these are growing and it’s only going to keep doing so as more institutions and individuals get acclimated with tokenization.

What’s should we be looking out for?

Great question! At this rate it’s is set to cross the $2 billion mark this week, possibly even today, so keep an eye on BUIDL on STM.co. Securitize just expanded BUIDL to Solana which kicked off with $20 million. At the time of writing BUIDL stands at $1.95 billion in AUM.

What chain do YOU think the remaining $50M will come from to bring it to $2 billion? Would it be the newest Solana, the original host chain Ethereum, or one of the other ones? Let us know on X/ Twitter @STOmarket!

All this momentum also comes as Fidelity Investments ($5.8 trillion AUM) is also entering the onchain money market space through their own filing! Like many others, the Fidelity Treasury Digital Fund (FYHXX) will not be natively issued onchain and will essentially be a tokenized share class/ feeder fund. As the filing says, “the transfer agent will reconcile the secondary blockchain transactions with the official records of the onchain class on at least a daily basis.” 

Regardless, it’s a step in the right direction. This fund will initially be available on Ethereum with an aim of May 30th. Imagine what inflows for this one could look like 👀

This is not financial advice.

TokenizeThis 2025

Want a FREE ticket to TokenizeThis 2025?

This is your chance to join us at The Glasshouse in New York City for the largest RWA-only conference, featuring insights from the largest banks, asset managers, blockchains, and platforms in the space so don't miss out!

All you have to do is refer 5 new people to sign up for What’s Drippin’ using your unique referral link below (for existing subscribers). The first 10 to do so get a free ticket!

Your Second Captivating Topic of the Week

💵 FalconX’s Structured Credit Facility

If yieldcoins were last year’s big narrative (and will continue to grow) then this year’s it’s looking to be private credit. From Apollo’s ACRED token to onchain lending through vaults and platforms like Maple, this is the next big wave of markets onchain.

FalconX already accepts yieldcoins as collateral, now they’re taking it to another level by issuing their own offering onchain! FalconX, a crypto prime brokerage, is partnering up with M11 Credit and Pareto to offer a tokenized structured credit facility. Essentially this means that investors can now participate in a pool of FalconX-originated loans in crypto markets. 

That’s pretty cool! Of course there has to be risk controls in place. This includes real-time collateral monitoring, automated margin calls, and even a cross-exchange liquidation engine. This is all a whole lot easier to do onchain and FalconX is making it work.

This is more than just a bond. It’s leveraging the blockchain for both the issuance and operations of the structured credit facility, giving investors full visibility and increasing confidence. At a 250K USDC minimum, this vault already has $30.2M TVL at the time of writing.

We might have them on The Security Token Show soon to dive deeper so keep an eye out for that interview! Guess where else FalconX is expected to speak?

That’s right! TokenizeThis 2025 will feature David Lawant from FalconX on the “Adding Utility to RWAs” panel alongside WisdomTree’s Maredith Hannon, Superstate’s Robert Leshner, and Stellar’s Rob Durscki so don’t miss out.

This is not financial advice.

Companies of the Week

Company of the Week - Herwig: Hamilton Lane
Company of the Week - Kyle: Manifest

Find out why and more every Friday live around 12pm EST on LinkedIn or X/ Twitter. Past episodes available on Youtube or your favorite podcast platform! 

RWA Foundation

Have you joined the RWA Foundation yet? 

Incubated by Security Token Market, the Real World Assets (RWA) Foundation is a crypto native organization dedicated to bridging crypto natives and tokenized assets. The leading brands in the tokenization and RWA industry contribute support in order for the RWA Foundation to develop educational resources, media, events, grant programs, and crypto-focused initiatives to carry out its mission.

Follow on X, join the Telegram, and stay updated on all things about the Foundation, RWA Industry, our upcoming DAO launch, and a whole lot more. TRUNKS UP 🐘 !

Reports

(NEW) RWA Tokenization: Key Trends and 2025 Market Outlook

Keep an eye out tomorrow for a new report we contributed to: RWA Tokenization: Key Trends and 2025 Market Outlook. Led by Brickken, this report brings multiple parties together in diving into tokenization, with STM.co supporting with both data and some of the written sections.

What’s Inside?

✅ A Breakdown of Tokenization and Related Benefits
✅ Key advantages for issuers, investors, and institutions
✅ How the market is evolving and trends shaping adoption in 2025
✅ What’s next? Expert insights on regulation, DeFi integration, institutional involvement, and market growth

STM’s RWA Market Prediction for 2030

Security Token Market (STM.Co) is proud to release a thorough report on our prediction on the tokenized real world asset market growth. This report explores the variety of opportunities within each asset class to capture value on-chain.

Tokenization can be applied to just about any object and asset type. Art, carbon credits, life insurance, and other sub $5 trillion asset classes weren’t even considered in estimates.

In order for STM to derive its 2030 market predictions, the following asset classes were evaluated: currency, M2/M3, real estate, commodities, public equities, private companies and funds, bonds, credit and lending markets.

State of the Tokenization Industry 2024 Report

We are very excited to publish our State of the Tokenization Industry 2024 report tomorrow with our sponsor SteelWave Digital! The Security Token Market team covers this year’s headlines and key takeaways, sorted into the following categories:

Search away, share it with a colleague, and revisit the same link for future updates!

TokenizeThis 2024: Highlights and Key Takeaways Report

The TokenizeThis 2024 Conference Highlights Report is Now Available! This was the industry’s event of the year with 500+ registered attendees, 40+ speakers, and 20 sessions & side events in Miami, FL!

There was so much to do you may have missed some panels but not to worry, the STM Team has put together a summary of it all just for you.

This is not financial or investment advice.