If you've been keeping an eye on the crypto space, you've probably noticed how traditional finance is cozying up to blockchain. A recent post from Token Terminal on X (view the original post) highlights this trend perfectly, showcasing the biggest tokenized funds by assets under management (AUM). At the top? BlackRock's BUIDL on Ethereum, powered by Securitize. Let's break this down and see what it means for the world of meme tokens and beyond.

What Are Tokenized Funds and AUM?

First off, a quick explainer: Tokenized funds represent real-world assets (RWAs) like U.S. Treasuries, bonds, or cash equivalents that are digitized and put on the blockchain. This makes them tradable, transparent, and accessible 24/7. AUM stands for Assets Under Management—basically, the total value of assets a fund controls. In the crypto context, tokenized AUM tracks how much value from the traditional world is now living on-chain.

The chart from Token Terminal paints a vivid picture of this explosion. Starting from near zero in early 2023, tokenized AUM has skyrocketed to over $3 billion by mid-2025, with a sharp uptick in recent months.

Top Tokenized Funds Breaking Records

Here's a rundown of the leading funds based on the data:

• BUIDL (Ethereum)​: Leading the pack with its massive AUM, this BlackRock fund focuses on tokenized U.S. Treasuries. It's built on Ethereum for security and liquidity, making it a go-to for institutional investors dipping into crypto.
• OUSG (Ethereum)​: Another Ethereum-based fund, offering tokenized exposure to short-term U.S. government securities.
• WTGXX (Ethereum)​: A money market fund tokenized on the blockchain, providing stable yields.
• USTB (Ethereum)​: Tokenized Treasuries, emphasizing low-risk, high-liquidity assets.
• USDY (Ethereum)​: Axellar's tokenized dollar yield product, bridging TradFi and DeFi.
• BCAP (zkSync Era)​: A fund on the zkSync layer-2 network, optimizing for faster, cheaper transactions.
• PC0000033 (zkSync Era)​: Part of the growing ecosystem on zkSync, focusing on efficient asset tokenization.

The list goes on, with funds on Solana, Arbitrum, Polygon, and even off-chain options. Notably, Ethereum dominates, but layer-2 solutions like zkSync Era are gaining traction for their scalability. And get this—there are +44 more funds not even shown, signaling just how crowded and competitive this space is getting.

The Growth Story: From Niche to Mainstream

Looking at the timeline in the chart, tokenized AUM was flatlining through most of 2023. Then, boom—2024 saw steady climbs, and 2025 has been a rocket ship. This surge aligns with broader adoption of real-world assets in crypto, driven by big players like BlackRock entering the fray. Why the hype? Tokenization bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi), offering yields without the headaches of off-chain bureaucracy.

For context, BlackRock's BUIDL alone has captured a lion's share, thanks to its backing by one of the world's largest asset managers. Powered by Securitize, a platform specializing in tokenizing securities, it's a prime example of how blockchain is reshaping finance.

Implications for Meme Tokens and Blockchain Practitioners

Now, you might be wondering: What does this have to do with meme tokens? At Meme Insider, we're all about the fun, viral side of crypto, but these trends matter big time. Meme tokens thrive on hype and community, often on chains like Solana or Ethereum. The rise of tokenized funds brings stability and real value to these ecosystems—think lower volatility through yield-bearing assets that can integrate with meme projects.

For instance, funds like BUIDL on Ethereum could provide collateral for meme token lending or staking protocols. On Solana, where memes like Dogwifhat or Bonk have exploded, tokenized RWAs open doors for hybrid products: Imagine a meme fund backed by tokenized Treasuries for sustainable yields. This not only attracts more users but also helps blockchain practitioners build more robust, tech-driven strategies.

Plus, with zkSync Era and Arbitrum in the mix, layer-2 scaling means cheaper gas fees—perfect for meme token traders who hate getting rekt by transaction costs. As these funds grow, they pump liquidity into the overall market, potentially fueling the next meme coin bull run.

Wrapping Up: The Future of Tokenized Assets

Token Terminal's data underscores a pivotal shift: Crypto isn't just speculative anymore; it's becoming a legitimate home for trillions in traditional assets. BlackRock's BUIDL leading the way is no surprise, but keep an eye on emerging players on Solana and Polygon—they could disrupt the status quo.

If you're a meme token enthusiast or blockchain builder, this is your cue to explore RWAs. Dive deeper into projects like Securitize (securitize.io) or check out Token Terminal's full dashboard (tokenterminal.com) for real-time metrics. The tokenized revolution is here—don't get left behind.