Only 0.4% of Tokenized U.S. Treasury Bill Fund Value Was in DeFi on Oct. 7

Only $58.6 million of U.S. Treasury bill fund value was deposited in decentralized finance on Oct. 7, 2026, equal to 0.4% of the category’s $13.9 billion market value and below the marketwide share. The broader tokenized-fund market reached $35.1 billion in market capitalization on Oct. 7, up from $3 billion on Oct. 9, 2023. Treasury bill funds became the largest fund category by market value in April 2026. Across all tokenized funds, 8.9% of market value was deposited in DeFi on Oct. 7. Yield strategies and credit funds made up 98% of those deposits. That means the categories with the most value in DeFi differed from the largest category by market capitalization. Market capitalization measures the value represented by fund tokens onchain.

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