Glossary · Stablecoins
Tokenized treasury
Also: tokenised treasury, tokenized money market fund, RWA
A tokenized treasury is a blockchain token representing a share in a fund holding short-dated government debt, passing the underlying interest to holders instead of keeping it as issuer revenue.
Related terms
- Stablecoin
- A stablecoin is a token designed to hold a constant value against a reference asset, almost always the US dollar, using reserves, overcollateralization or a hedged trading position to defend the peg.
- Real yield
- Real yield is return paid out of revenue a protocol actually earns, such as trading fees, borrowing interest, staking rewards or funding payments, as distinct from return paid in newly issued governance tokens.
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