Tokenized credit funds have quietly grown from near zero to ~$4B in under a year! 📈 🔹 Mid 2024: ~$0 🔹 June 2025: ~$1B 🔹 Peak (early 2026): ~$5B 🔹 May 2026: ~$4B Top assets: syrupUSDC, syrupUSDT, JAAA, PRIME, sUSDai. Credit is now the second-largest tokenized fund category after US Treasuries. Another Real World Asset vertical finding clear product-market fit onchain. Data via @tokenterminal
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