Centrifuge to release RWA report on tokenized money market funds’ structural differences

Centrifuge, the onchain asset tokenization platform, is preparing to publish an analysis that digs into how tokenized treasury and money market funds actually differ beneath their seemingly uniform surfaces. The short version: same Treasuries, similar yields, wildly different plumbing. The report zeroes in on fee structures, redemption timelines, onchain liquidity, and how well these products play with the rest of decentralized finance. For a market segment that has ballooned to roughly $14.2B in onchain assets under management by mid-2026, up approximately 8x from $1.7B in June 2024, the structural fine print matters more than ever. Same assets, different wrappers Tokenized treasury funds generally hold the same basket of short-term US government securities, repos, and T-bills. Their yields cluster within a narrow range. The divergence shows up in everything else. Some funds offer daily liquidity. Others impose redemption constraints that can lock capital for days. Fee structures vary enough to meaningfully eat into returns on what are, by design, low-margin instruments. And when it comes to actually using these tokens inside DeFi protocols, the gap between products becomes a cany...