Have you noticed how tokenized assets are exploding in the crypto space? Token Terminal recently dropped a fascinating chart on X (formerly Twitter) breaking down tokenized assets under management (AUM) by fund, and it's got everyone talking about the future of money on the blockchain. If you're into meme tokens or just keeping tabs on blockchain trends, this is worth a closer look because it shows how traditional finance is merging with crypto in ways that could supercharge liquidity and innovation.

Breaking Down the Chart

The visualization from Token Terminal highlights the top tokenized funds, with AUM stacked over time from 2023 to 2025. At the top of the list is BUIDL on Ethereum, clocking in with a massive chunk of the total. For those new to this, AUM stands for assets under management—basically, the total value of assets a fund controls. Tokenized AUM means these assets are represented as tokens on a blockchain, making them easier to trade, transfer, and integrate into DeFi protocols.

Right behind BUIDL are funds like OUSG (also on Ethereum), WTGXX, and USDY. You'll see a mix of platforms here: Ethereum dominates, but Solana and Polygon are making appearances too. For example, USDY has versions on both Ethereum and Solana, showing how multi-chain strategies are becoming key. And then there's the zkSync Era funds like PC00000033, which are leveraging layer-2 tech for faster, cheaper transactions.

The chart's bottom note points out that the most common product among these is the tokenized money market fund, or TMMF. Think of TMMFs as blockchain versions of traditional money market funds, which invest in short-term, low-risk assets like treasury bills to provide stable returns. Spiko's EUTBL, running on Arbitrum One and Polygon, is highlighted as the first TMMF investing in EU Treasury Bills— a nod to how global regulations are opening doors for tokenized real-world assets (RWAs).

Why TMMFs Could Be the Default Money in Crypto

Token Terminal's take? "TMMFs = the default money in the future." It's a bold claim, but it makes sense. In the volatile world of crypto, where meme tokens can moon or crash overnight, having stable, yield-bearing assets on-chain is a game-changer. TMMFs offer liquidity without the wild swings, and they can be plugged into smart contracts for automated lending, borrowing, or even as collateral in meme token trades.

For blockchain practitioners, this trend means more tools to hedge risks. Imagine using a TMMF like BUIDL as your base layer while speculating on the latest Solana meme coin. It's bridging the gap between TradFi stability and crypto's innovation. Plus, with AUM surging past $10 billion, it's clear institutions are piling in—BlackRock's BUIDL alone is a testament to that.

Implications for Meme Tokens and Beyond

At Meme Insider, we're all about meme tokens, but this tokenized AUM boom has ripple effects. More tokenized RWAs mean better on-ramps for retail investors, potentially fueling the next wave of meme mania. Funds on Solana, like BUIDL's Solana version, could make it easier to swap between stable assets and hype-driven memes without leaving the ecosystem.

If you're building or trading in blockchain, keep an eye on these developments. They could redefine how we think about "money" in web3, making TMMFs as ubiquitous as USDT today. For more insights on how this ties into meme token strategies, check out our knowledge base on real-world asset tokenization.

What do you think—will TMMFs dethrone stablecoins? Drop your thoughts in the comments!