
Re and the Case for Reinsurance Yield Onchain
Most onchain RWA yield today comes from short-dated US Treasuries (T-bills), wrapped in over 100 tokenised treasury products, including BlackRock’s BUIDL, Circle’s USYC, Ondo’s OUSG, and Franklin’s BENJI. Cumulatively, they represent $14.7 billion, or 38% of total onchain RWAs, and are among the mos














