Overview
- Securitize, the fund’s issuance partner, confirmed the milestone on December 29, 2025.
- Income is sourced from short‑term U.S. dollar assets such as Treasury bills and repurchase agreements, with dividends distributed fully onchain.
- Payments go directly to investors’ wallets with transparent onchain records, reducing administrative steps and speeding settlement.
- Launched in March 2024, the fund peaked above $2.8 billion in assets and has expanded from Ethereum to Solana, Avalanche, Aptos, and Optimism.
- Analysts and regulators are evaluating the model, with J.P. Morgan highlighting potential competition with stablecoins and the BIS warning about operational and liquidity risks.