Stablecoins, RWA & Tokenization

What is a tokenized treasury?

A tokenized treasury is a blockchain token that represents ownership of a government debt instrument, such as a US Treasury bill, held by a custodian off-chain. The token records your claim on the underlying security and can be transferred and settled on-chain rather than through traditional clearing systems. For example, one token might represent a share of a pool of short-term Treasury bills. It is a way to hold familiar government debt in a digital, transferable wrapper while the actual bills sit with a regulated custodian.