Tokenization · U.S. Treasury · CryptoSlate
DeFi liquidates in minutes while traditional credit settles in days
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The practical result is that an asset built for distribution and an asset built for collateral use should be held to different standards.
Key facts
- Aave launched Horizon in August 2025 specifically to let institutions borrow stablecoins against tokenized assets, and it currently has a TVL of over $250 million
- Consider an investor holding a tokenized fund that owns $100 million of bonds
- Tokenized US Treasury funds alone now hold roughly $16 billion in distributed value and the list of issuers includes most of the largest names in traditional asset management
- MWIN, launched in August 2026, is a useful case study because it was built against the second question from the start
Summary
The following is a guest post and opinion from Vincent Maliepaard, VP of Marketing at Sentora. Tokenized funds have stopped being a novelty. The typical tokenized fund is held, occasionally transferred, and eventually redeemed. Consider an investor holding a tokenized fund that owns $100 million of bonds. The alternative is to deposit the same token into a lending market as collateral and borrow stablecoins against it.