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Tokenized Treasuries and bonds on Solana
| Rank | What it tracks | Buy | ||||
|---|---|---|---|---|---|---|
| 1 | Fidelity AAA CLO | Fidelity AAA CLO | $50.40 | 0.01% | — | |
| 2 | Franklin ClearBridge Enhanced Income | ClearBridge Income ETF | $57.60 | 0.11% | — | |
| 3 | Franklin High Yield Corporate ETF | active US high yield | $23.355 | 0.26% | — | |
| 4 | Franklin Income Equity Focus ETF | an equity income fund | $68.65 | 0.12% | — | |
| 5 | Franklin Senior Loan | Senior Loan ETF | $22.695 | 0.04% | — | |
| 6 | Invesco Short Term Treasury ETF | short-term Treasuries | $105.745 | 0.02% | — | |
| 7 | iShares 0-3 Month Treasury Bond ETF | 0-3 month Treasury bills | $100.555 | 0.02% | — | |
| 8 | iShares 0-3 Month Treasury Bond ETF | 0-3 month Treasury bills | $100.555 | 0.02% | — | |
| 9 | iShares 1-3 Year Treasury Bond ETF | 1-3 year Treasuries | $81.215 | 0.04% | — | |
| 10 | iShares 7-10 Year Treasury Bond ETF | 7-10 year Treasuries | $90.175 | 0.18% | — | |
| 11 | iShares 20+ Year Treasury Bond ETF | 20+ year Treasuries | $79.456 | 0.53% | — | |
| 12 | iShares AAA CLO Active ETF | AAA-rated CLOs | $51.845 | 0.03% | — | |
| 13 | iShares Core US Aggregate Bond ETF | the US bond market | $95.205 | 0.10% | — | |
| 14 | iShares Flexible Income Active ETF | a flexible income fund | $50.525 | 0.14% | — | |
| 15 | iShares iBoxx $ High Yield Corporate Bond ETF | US high-yield bonds | $76.955 | 0.20% | — | |
| 16 | iShares TIPS Bond ETF | inflation-linked Treasuries | $104.708 | 0.10% | — | |
| 17 | Janus Henderson AAA CLO | Janus AAA CLO | $50.565 | 0.03% | — | |
| 18 | Janus Henderson AAA CLO ETF | AAA-rated CLOs | $50.565 | 0.03% | — | |
| 19 | JPMorgan Ultra-Short Income | JPMorgan Ultra-Short Income | $50.285 | 0.04% | — | |
| 20 | PIMCO 0-5 Year High Yield Corporate Bond Index ETF | short high-yield bonds | $89.494 | 0.10% | — | |
| 21 | VanEck CLO ETF | investment-grade CLOs | $52.865 | 0.02% | — | |
| 22 | WisdomTree Floating Rate Treasury Fund | floating-rate Treasuries | $50.485 | 0.02% | — |
Tokens tracking Treasury, bond, and income funds, priced from on-chain trading on Solana.
Tokenized Treasury and bond fund prices
Tokenized Treasuries are tokens that track funds holding US government debt, from Treasury bills to long-dated bonds. Tokenized bond funds extend that to inflation-linked, corporate, high-yield, and loan funds. An issuer holds the fund shares and issues tokens on Solana, and distributions are usually folded into the token rather than paid in cash.
Tokenized US Treasuries
A tokenized Treasury token tracks a fund that holds US government debt. The biggest difference between Treasury funds is maturity. Bill funds holding debt that matures within months barely move when interest rates change, while funds holding bonds with decades left to run can swing sharply on every shift in rate expectations.
Whatever the maturity, the token adds layers the Treasury itself doesn't have. You're exposed to the fund, to the issuer's arrangement, and to the token's on-chain liquidity, as well as to the US government's credit.
Tokenized money market and T-bill funds
A money market fund holds very short-dated debt and aims to keep a steady price while paying the short-term interest rate. On Solana, the closest equivalents are tokens tracking Treasury bill funds and floating-rate Treasury funds, which hold the same kind of short-dated government debt.
These tokens aren't bank deposits, aren't insured, and can lose value. Some tokenized money market funds are issued directly by fund managers to qualified buyers, which is a different product from a token that tracks a listed bill ETF.
How distributions reach token holders
Bond funds pay out the interest they collect, usually monthly. A token can't post a coupon to your wallet, so issuers typically fold distributions into the token's scaling factor. The number of tokens you hold stays the same, and each one comes to represent slightly more of the fund over time.
That makes the scaling factor part of the price. When you compare a tokenized bond fund with the fund itself, read the factor as accumulated distributions, not as a price change.
Corporate credit, high-yield, and loan funds
Beyond Treasuries, tokenized bond funds cover broad high-grade bond funds, high-yield corporate debt, senior loans, and collateralized loan obligations. Higher yields come with more credit risk, so these funds can fall when borrowers struggle, not only when interest rates rise. Loan and CLO funds usually pay floating rates, so their income moves with short-term rates.
Tokenized Treasuries and bonds FAQ
What are tokenized Treasuries?
Treasury and bond exposure on Solana
Swap SOL or USDC for tokenized Treasury and bond funds in Solflare, and hold them in self-custody alongside your crypto.
Prices can fall as well as rise. Bond funds lose value when interest rates rise, long-dated funds most of all, and credit funds can fall when borrowers default. Tokenized bond funds are issued by third parties and give price exposure rather than fund shares or a claim on the underlying bonds; redemption terms are set by the issuer. They are not deposits and are not insured. Liquidity can be thin. Availability varies by jurisdiction. Solflare is a wallet interface and does not issue, back, or custody these tokens. Nothing here is financial advice.