Method
How this was built, and what is wrong with it.
This index was assembled by hand. Not scraped, not generated. Every row was
researched from the issuer's own filings and pages where those were reachable, and from named
third-party registries where they were not. No row exists that we could not find evidence for, and
no field carries a number we estimated.
The confidence labels
- verified 29 rows
- Confirmed at the issuer, in a regulatory filing, or on a block explorer.
- inferred 4 rows
- Assembled from partial evidence. The row notes say which part was inferred and from what.
- unverified 7 rows
- Sourced only from a third-party registry or the press. Real enough to list, not confirmed at
the issuer. Do not act on the terms in these rows without checking them yourself.
What counts as reachable
Every headline number on this site is the best yield a reader can get to, not the best yield
published. Those are different, and the gap between them is large enough to change the answer in
four currencies. A published rate on an instrument you cannot end up owning is a fact about someone
else's balance sheet, so we sort every yielding row into one of these before anything is
headlined.
- open
- Permissionless. Anyone can hold it. It can headline a currency.
- allowlist
- Holdable, but only from an allowlisted wallet. It can headline a currency, and the page says so, because
onboarding is a real cost but it is not a wall.
- not established
- Nobody publishes the transfer terms, so we cannot tell you whether you can hold it. Treat it as needing onboarding until the issuer says otherwise. It can headline a currency only when nothing
better exists, and the page never describes it as something you can buy. Every yielding sterling and
franc row is in this bucket.
- private ledger
- It settles on a private permissioned ledger, with no public-chain representation, so no public-chain holder can reach it. It is excluded from every headline. This is what
demotes the two HKSAR digital green bond tranches, which are otherwise the highest published HKD and
CNH rates on the shelf.
- cannot be held
- The yielding balance cannot be sent to an external wallet. It is a custodial platform position, not an instrument you hold. It is excluded from every headline. This is what
demotes the 3.00% JPY and 1.00% SGD figures, which are the numbers most likely to have been quoted
at you elsewhere.
The two tests are independent and run in that order. An instrument on a private ledger is out of
reach whatever its transfer terms say, and an earlier version of this site collapsed the two into
one field and got both wrong.
The rules we held to
- Never invent a row. If an instrument could not be found, the correct output is fewer rows.
- Headline the best reachable yield, never the best published one, and name the excluded figure
rather than quietly dropping it.
- A field that could not be established is empty, never estimated. There are a lot of empty fields
on this site and every one of them is a real disclosure gap on an issuer.
- Yields are reproduced on the basis the source publishes them, with the basis stated. A 7-day
trailing net APY and a variable supply APR are not the same kind of number and are not comparable
without saying so.
- A price change over 30 days is not an annualised yield, and we do not annualise one.
- No contract address is listed unless it was seen on a block explorer or in issuer
documentation.
- Currency-hedged share classes of dollar funds are excluded. A euro share class of a US T-bill
fund is a wrapper over dollar assets, not a euro instrument, and it will fool any screen that
works off ISINs.
An empty shelf is a finding
13 currencies have no on-chain
yield instrument at all. Each of those gets a page stating what was checked and what was found,
because "there is nothing" is only worth reading if you can see the work behind it. The claim that
nothing is missing is the actual product here, and that claim is only defensible if the misses are
enumerated too, which is what the rest of this page is.
Known gaps
Things we could not establish. Each one is a specific, closeable piece of work rather than a general disclaimer. Several are gaps because an issuer renders its own numbers in JavaScript and publishes nothing a machine can read, which is worth noticing given what this index is for.
- EUR Spiko does not publish its live EUTBL or eurSAFO net yield in server-rendered HTML, the figures on spiko.io render as '__YIELD__' and '__TOTAL_ASSETS__' placeholders. Every yield and AUM number I have for both Spiko funds therefore comes from RWA.xyz or DefiLlama, not from Spiko. The two aggregators also disagree on EUTBL AUM ($898.5m vs $916.5m) and on eurSAFO ($938.0m vs $979-994m).
- EUR Spiko's stated fee level is contradictory: the SPIKO SICAV prospectus filed with the Bulgarian FSC says 0.30% management fee incl. tax plus up to 0.10% operating expenses, while spiko.io/spiko-treasury-bills-euro says 0.25% annual costs. I could not reconcile them.
- EUR Spiko's stated minimum is contradictory: prospectus and Spiko's own site say EUR 1; RWA.xyz and Pharos both say EUR 1,000.
- EUR I could not obtain contract addresses for eurSAFO on any chain. Spiko's GitHub (spiko-tech/contracts) does not list deployment addresses in its README and docs.spiko.io is disallowed by robots.txt for the fund pages.
- EUR BlackRock's own website could not be fetched (permission/provenance failure), so the two euro ICS OnChain funds are sourced entirely from press. I have no issuer confirmation of fund names, share class codes, ISINs, yields, minimums, per-fund AUM, or contract addresses, and no on-chain evidence that the tokens exist. They launched 4 August 2026, one day before this survey.
- EUR backed.fi, www.backed.fi and docs.backed.fi were all unreachable (provenance/permission failures). All bC3M terms, eligibility, US-person status, minimum, redemption mechanics, the 0.20%/0.20% subscription and redemption fees, are from RWA.xyz only and are unconfirmed at the issuer.
- EUR No current APY could be established for the Moonwell Flagship EURC Morpho vault. Morpho's and Moonwell's front ends are client-side rendered; the Morpho GraphQL endpoint rejected GET queries; DefiLlama's /yields page and pools API returned no EURC-symbol pools in the content I could retrieve.
- EUR Aave EURC supply APRs and market sizes on both Ethereum and Base come from Aavescan (third party). Aave's own app.aave.com is JavaScript-rendered and could not be read, so these figures are unconfirmed at source. I also did not capture the aToken contract addresses for either market.
- EUR Angle's current stEUR APY is unobtainable, analytics.angle.money and app.angle.money render client-side and docs.angle.money was permission-blocked. I did not verify stEUR contract addresses on Ethereum, Celo or Gnosis; only the Arbitrum deployment is explorer-confirmed. Total stEUR supply across all four chains is unknown.
- EUR AMUNDI FUNDS CASH EUR - J28 EUR DLT (C): no ISIN, no AUM for the DLT share class specifically, no minimum, no eligibility terms, no dealing terms and no contract address are publicly disclosed on any page I could read. Confirmed to exist and to be on public Ethereum, and nothing more.
- EUR Fasanara's FAST tokenized money market fund (Polygon, ERC-3643, Tokeny): I could not confirm whether it is EUR- or USD-denominated. The Tokeny and Ledger Insights coverage does not state the base currency and the Ledger Insights detail is paywalled. The 4.7% target return implies USD but I am not asserting it. If it has a EUR share class it belongs in this index and is missing.
- EUR Franklin Templeton: I found no evidence of a euro-denominated on-chain share class of BENJI or any other tokenized Franklin fund. BENJI is a US-registered USD fund. Absence of evidence only, I did not reach a Franklin Templeton source that enumerates share classes.
- EUR 21X (the BaFin-licensed DLT trading and settlement system in Frankfurt): 21x.eu was permission-blocked. I could not enumerate what EUR-denominated yield instruments are actually listed and traded there, which is a real gap given it is the only EU-regulated on-chain venue for tokenized securities.
- EUR Tokeny: confirmed as the ERC-3643 tokenization provider behind Fasanara's fund, but I could not enumerate EUR-denominated yield-bearing issuances on its platform.
- EUR Circle does not publish a EURC-on-Aave or EURC-yield page that I could reach, so the statement that EURC itself pays no yield to holders rests on MiCA's prohibition on EMT issuers paying interest plus third-party commentary, not a Circle source I read.
- EUR Solana: apart from Etherfuse EUROB (total size $399), I found no EUR-denominated yield instrument on Solana. I did not exhaustively search Solana lending markets for EURC deposit markets.
- EUR Avalanche, Polygon, Arbitrum and Stellar all carry EUR instruments as distribution chains (Spiko, OpenTrade, Etherfuse), but I found no EUR-native lending or savings market on any of them.
- EUR Web search budget was exhausted at 200 queries before I could sweep for smaller or newer issuers. This index should not be treated as exhaustive for instruments launched in 2026 outside the names given as starting points.
- GBP_CHF_JPY Etherscan returned HTTP 403 on every attempt and docs.spiko.io is disallowed by robots.txt, so I could not independently confirm a single Spiko UKTBL contract address from either the issuer's own documentation or a block explorer. The six addresses listed come from DefiLlama only. Spiko's GitHub (spiko-tech/contracts) confirms multi-chain deployment but publishes no addresses on the page I could read.
- GBP_CHF_JPY Current ZCHF savings module interest rate not obtained. Frankencoin's app and savings page are JavaScript-rendered and returned no data; the docs describe the governance mechanism but not the live number. DefiLlama's 2.88% is an average across four Frankencoin-associated pools, not the savings rate, and I declined to present it as such.
- GBP_CHF_JPY Apostro VCHF Morpho vault APY and TVL not obtained. app.morpho.org is JS-rendered; VNX's own announcement page (vnx.li/vchf-lending-borrowing-now-on-morpho-...) returns HTTP 404 despite appearing in search results; vaults.fyi's 161-vault list contains no CHF, GBP or JPY denominated vaults at all.
- GBP_CHF_JPY Fidelity International Sterling and LGIM Sterling liquidity funds were announced by Archax as tokenized alongside the State Street GBP fund, initially on Hedera, XRPL and Arbitrum. I could not verify a ticker, AUM, contract or live status for either. Archax's own insight pages returned only site metadata on every fetch, and RWA.xyz's government-bonds list surfaced only AAGLF and ASGLF among Archax GBP products.
- GBP_CHF_JPY No on-chain token contract could be found for the GBP or CHF share classes of Spiko/Amundi SAFO. CoinGecko indexes contract addresses for the USD share class across six chains but nothing for GBP or CHF. The fund-level claim that the shareholder register runs on Ethereum and Stellar is verified from Amundi; the share-class-level token deployment is not.
- GBP_CHF_JPY Spiko's per-currency product pages rendered an identical 'current net yield' of 2.21% for both the GBP and the CHF share class, which cannot both be correct. I treated both as unreliable and used Spiko's open-data dashboard instead, flagging the conflict rather than picking one.
- GBP_CHF_JPY Secured Finance's JPYC lending rates and market-level TVL not obtained, secured.finance was not fetchable (permission/provenance error) and DefiLlama does not break the JPYC market out from the Ethereum aggregate.
- GBP_CHF_JPY No DeFi liquidity figure was obtainable for any instrument in this slice. Every defi_liquidity_usd is null.
- GBP_CHF_JPY Yield is genuinely unpublished for both Archax GBP money market fund tokens (AAGLF, ASGLF). This is a real disclosure gap at the issuer, not just a gap in my research.
- GBP_CHF_JPY Whether MUFG Asset Management's planned yen-denominated tokenized MMF has actually launched could not be checked, it was announced in December 2025 as institutional-only for 2026, and my web search budget was exhausted before I could confirm current status.
- GBP_CHF_JPY Progmat's ¥452bn (~$2bn+) of tokenized yen securities, corporate bonds and real estate, are being migrated to a dedicated permissioned Avalanche L1 built with AvaCloud, with integration scheduled for end of June 2026. These are yen-denominated and yield-bearing, but no individual instrument, coupon, contract address or eligibility rule is publicly identifiable, and the L1 is not open-access. I recorded no rows rather than invent them. If Progmat's individual bond lines were enumerable this slice's yen AUM would be an order of magnitude larger than what I have listed.
- GBP_CHF_JPY Etherfuse publishes no minimum investment, eligibility criteria or restricted-jurisdiction list for GILTS. Its FAQ page returns HTTP 404 and its Stablebonds Overview legal page omits all three.
- GBP_CHF_JPY Etherfuse's issuing legal entity and its domicile are not disclosed on its own legal pages, only that backing is arranged 'through financial entities authorized in Mexico'.
- LATAM No pool-level DeFi liquidity USD figure could be obtained for CETES or TESOURO. DEXScreener (dexscreener.com and api.dexscreener.com) returned a provenance/permission block and GeckoTerminal's API is disallowed by robots.txt. Per the rules I did not route around either. Venue names and pool addresses are recorded; TVL is null.
- LATAM Morpho's MXNB markets and vaults: no APY, no TVL, no market or vault address. app.morpho.org is a client-rendered SPA that returns only metadata to WebFetch, and Gauntlet's VaultBook does not enumerate individual vaults. The Morpho X post announcing it (x.com/Morpho/status/2066937641975869666) was linked from Morpho's newsletter but I did not fetch X.
- LATAM Crown's 'Threshold rate', the fraction of CDI that BRLY rebases at, and the BRLV Rewards accrual rate, are not published. The whitepaper says only 'a predefined fraction of the CDI rate'. So the actual BRL yield percentage of the largest BRL yield instrument by size ($73M BRLV) is unknown.
- LATAM brl.xyz (Crown's primary site) is robots-disallowed, so I could not confirm from the issuer's own root domain that docs.crown-brlv.com is the official documentation. I relied on the fact that the BRLV Base address in those docs matches Basescan exactly.
- LATAM Etherfuse does not publish a minimum investment or an eligibility/jurisdiction restriction on any page I could read. The $1 minimum figure circulating on CoinGecko is not issuer-sourced.
- LATAM Etherfuse issuer jurisdiction is asserted by RWA.xyz as Switzerland/Swiss DLT Act; I did not find an Etherfuse or FINMA primary source confirming this. The Mexican CNBV Resolution P090/2024 'no action' relief likewise comes only from CoinGecko's description, not from CNBV.
- LATAM Liqi Digital Assets tokenizes Brazilian fixed income with press-reported returns up to 177% of CDI, but its own FAQ names no blockchain, no contract addresses, no minimums and no transferability terms. I could not verify a single Liqi instrument to the standard required, so no row was created.
- LATAM Mercado Bitcoin's Renda Fixa Digital: no ticker, no chain confirmation, no contract address. Its own page says ERC-20; a third-party source says proprietary chain. Unresolved.
- LATAM No yield-bearing on-chain instrument denominated in COP, CLP, ARS, PEN or any other LATAM currency was found. RWA.xyz's stablecoin registry lists zero COP, CLP or ARS stablecoins at all. This is a genuine empty finding for those currencies, not a search failure, I checked Num Finance (nARS/nCOP), Minteo COPM and Chilean peso stablecoins specifically.
- LATAM www.minteo.com and www.brz.com both returned provenance blocks, so my 'no yield' conclusions for COPM and BRZ rest on RWA.xyz and Stabull rather than the issuers' own sites (BRZ's no-yield status is confirmed by RWA.xyz; COPM's is not directly confirmed anywhere I read).
- LATAM WebSearch budget for this session was exhausted (200/200) partway through, which cut short verification of Nubank, Itaú and B3 tokenization programs. Those are recorded as dead ends on the basis of what I did read, but the search was not exhaustive.
- LATAM Blend (Stellar) 'Etherfuse Pool' and Loopscale (Solana) CETES/MXNe loop are named on Etherfuse's own CETES page as live venues. Both would constitute MXN-denominated lending deposits, but mainnet.blend.capital and app.loopscale.com were both provenance-blocked, so I could not verify supply APYs or TVL and did not create rows for them. This is the most likely place additional real LATAM rows are hiding.
- APAC_ROW Tokenised-class AUM is unobtainable for all three Hong Kong tokenised funds. HKEX's official Investor Fund Platform publishes fund-level AUM only (ChinaAMC HKD USD 97.68M, ChinaAMC RMB USD 42.51M, Bosera HKD USD 1,113.75M, all as of 30 Jun 2026), which commingles conventional listed ETF classes with the on-chain classes. rwa.xyz gives on-chain-only figures for the ChinaAMC funds ($91.09M and $31.3M) but is an aggregator.
- APAC_ROW Yields for both ChinaAMC tokenised funds (2.30% and 0.82% 7-day APY) come from rwa.xyz. ChinaAMC's own product pages at chinaamc.com.hk are JavaScript-rendered and returned no content on every attempt, so I could not corroborate from the issuer.
- APAC_ROW No contract address found for the ChinaAMC RMB Digital Money Market Fund or for either Bosera tokenised class. I have listed no address rather than guess.
- APAC_ROW Etherscan returned HTTP 403 on every request. I verified the two contract addresses I do report (CAMMF, wiTRY/iTRY) on Ethplorer instead.
- APAC_ROW Brix's own dashboard (brix.money/dashboard) returned HTTP 451 and the docs contract page returned a permission error, so the ~45% wiTRY APY is trade-press sourced (Cryptobriefing, 29 Jul 2026) rather than issuer-sourced, and I have no issuer-published TVL, fee schedule, or minimum.
- APAC_ROW balsafinance.com would not load, so the entire yTRYB row rests on CoinGecko.
- APAC_ROW Thailand's G-Token: could not establish whether any issuance actually occurred. Approved, portals appointed, exchange partner named, but no confirmed issue date, size, coupon, or chain.
- APAC_ROW The 'Tokenized Phillip Money Market Fund Cl I SGD' listing on POEMS directly contradicts PhillipCapital's own November 2025 statement that SGD tokenisation was future roadmap. I could not resolve which is current.
- APAC_ROW No SGD-denominated tokenised GOVERNMENT debt (MAS bills or Singapore Government Securities) found anywhere, in any stage.
- APAC_ROW Web search budget was exhausted (200/200) before I could sweep MYR, VND, TWD, PKR, NGN, KES, EGP, SAR, QAR or ILS. Those currencies are unexamined, not established as empty.
- APAC_ROW I could not obtain a TVL figure for the wiTRY/USDM Morpho market on MegaETH, the only DeFi lending venue in this slice.
- APAC_ROW The current status of the Libeara/FundBridge SGD Delta Fund, the tokenised Singapore Dollar Government Bond Fund the brief specifically asked about, could not be established either way (see dead_ends).
Empty shelves
Currencies where the search was run and returned nothing, with what was checked.
- APAC_ROW AUD, genuinely empty for on-chain yield. Checked ANZ A$DC, Novatti AUDD, Macropod AUDM (the licensed one, Betashares-backed), Monochrome, Zerocap, Project Acacia's final report, and searched specifically for tokenised AUD money market funds and government bonds. Australia has three or four AUD stablecoins and a completed central-bank research programme, and zero commercially available AUD-denominated on-chain yield instruments. Project Acacia's next-step list includes 'exploring government-issued tokenised bonds', i.e. still ahead, not behind.
- APAC_ROW NZD, empty. NZDD (Easy Crypto) and NZDS (Techemynt) both exist as 1:1 stablecoins with verified contracts on Ethereum and Polygon; neither pays yield, and the only 'earn' route is third-party DEX liquidity mining.
- APAC_ROW KRW, empty. KRW1 (BDACS/Woori, Avalanche) is an explicit non-circulating proof of concept. No won-denominated yield instrument exists because no legal framework yet does; the Digital Asset & Cryptocurrency Act is still in play as of mid-2026 and the Bank of Korea wants bank-only issuance. Kbank/HashKey rail-building (July 2026) is pre-legislative.
- APAC_ROW INR, empty. No live rupee stablecoin at all. ARC (Anq/Polygon) missed its Q1 2026 target with no circulating supply, and the RBI in July 2026 signalled it wants regulated entities barred from private stablecoin exposure including rupee-backed ones. No tokenised Indian government debt found.
- APAC_ROW IDR, empty for yield. IDRX exists as a rupiah stablecoin across Base/Polygon/Solana/Lisk, but I found no yield-bearing rupiah instrument, no IDR lending market, and no tokenised Indonesian government bond.
- APAC_ROW ZAR, empty. ZARP exists as a rand stablecoin; searches for rand-denominated on-chain yield returned nothing but generic DEX liquidity-mining content.
- APAC_ROW AED, empty for currency yield. Tether AED, AE Coin and the UAE-central-bank-licensed DDSC are all non-yield dirham stablecoins. No tokenised AED money market fund or dirham sovereign/sukuk instrument found in ADGM or DIFC. The only AED-denominated on-chain return is tokenised real estate (PRYPCO Mint), which is equity, not a yield instrument.
- APAC_ROW PHP, empty. PHPC (Coins.ph) and PHPX (Just Finance) are payment stablecoins with no yield feature.
- APAC_ROW SGD (tokenised government debt specifically), empty. Despite Project Guardian, MAS's November 2024 commercialisation push, Libeara's stated original purpose and its March 2026 MAS Capital Markets Services licence, I found no tokenised Singapore Government Securities or MAS bills available to any investor. The SGD shelf holds exactly one clearly commercial item (OCBC's bespoke bank-issued tokenised bonds, corporate accredited investors only, private chain), one custodial 1% earn product, and one unverified fund-finder listing.
Dead ends
Things that look like they belong in this index and do not. Most are non-yielding stablecoins, which are payment rails rather than instruments, and several are matured or wound-down products that still appear in search results. Recorded so nobody has to check them twice.
- EUR Circle EURC, the largest euro stablecoin, but it pays no yield to holders. Circle retains the reserve income. Under MiCA an e-money token issuer is prohibited from paying interest. EURC only earns when deposited into a third-party venue, which is why it appears in this index four times as the *deposit asset* (Aave Ethereum, Aave Base, Moonwell/Morpho, OpenTrade XEVT/XECLO) and never as an instrument in its own right.
- EUR Monerium EURe, a MiCA-compliant euro e-money token with IBAN functionality. Same reason as EURC: EMT issuers cannot pay interest, so EURe is a payment rail, not a yield instrument. It is listed on Aave V3 Gnosis (an isolation-mode listing went through Aave governance) but I could not retrieve rate or size data for that reserve, so I have not created a row for it. If you need it, that reserve is the gap to close.
- EUR SG-Forge EURCV, AllUnity EURAU (DWS/Flow Traders/Galaxy), Banking Circle EURI, StablR EURR, Quantoz EURD/EURQ, Stasis EURS, all euro stablecoins, all non-yielding for the same MiCA/EMT reason. None of them is a yield instrument.
- EUR Angle EURA (the base stablecoin, as distinct from stEUR), non-yielding by construction, and now in wind-down with a 1 March 2027 redemption deadline. It is collateral for stEUR, not an instrument.
- EUR Spiko Smart Cash marketed as a separate product, it is not separate. Smart Cash IS the Spiko Amundi Overnight Swap Fund (SAFO), already captured as eurSAFO. Do not double-count them.
- EUR Spiko USTBL and the EUR share class of the US T-Bills fund (ISIN FR001400SBD3), the EUR share class of a USD T-bill fund is a currency-hedged or currency-quoted wrapper over dollar assets, not a euro-denominated yield instrument. Same for the EUR share class of the UK T-Bills fund (FR0014012MO5). Excluded deliberately; flagging them because they will look like euro instruments in any ISIN-based screen.
- EUR KfW EUR 100m digital bond on Polygon (3.125% coupon, value date 4 July 2024), a genuine euro government-backed crypto security under Germany's eWpG on a public chain, but it MATURED on 10 December 2025 and no longer exists. Not investable as of 5 August 2026.
- EUR DZ BANK / KfW crypto security on public Polygon, registrar Cashlink, 25 March 2026, a real lifecycle milestone but the press release discloses no amount, currency, coupon or maturity, and it was a bilateral transaction with KfW as sole investor. Nothing an allocator can buy.
- EUR Siemens digital bonds on Polygon (EUR 60m in 2023, EUR 300m in 2025), euro-denominated and issued on a public chain under eWpG, but these are corporate bonds placed with a small group of institutions and traded, if at all, on the regulated venue 360X. Not a fund, not open-ended, not accessible, and I could not confirm any is currently outstanding and on-chain. Out of scope as a euro yield *instrument* in the sense this index means.
- EUR European Investment Bank 2021 Ethereum digital bond, matured; the entire allocation was taken by a single investor (Union Investment). Historical, not investable.
- EUR Midas (mEDGE, mBASIS, mEVUSD, mXRP), Berlin-based and EU-facing, but I found no EUR-denominated product. Every Midas instrument I could identify is USD- or crypto-denominated. Belongs in the USD slice, not here.
- EUR Franklin Templeton BENJI / FOBXX, a US-registered USD money market fund on Stellar, Avalanche and others. Not EUR. No euro share class found on-chain.
- EUR Sky / Spark (sUSDS, sUSDC, Prime+ USD vaults), no euro product exists. Their savings rate is dollar-only.
- EUR Ondo, Securitize BUIDL, Circle USYC, Hashnote, Centrifuge, Maple, Clearpool, all USD. RWA.xyz's tokenized treasuries registry lists 85 products and every one is USD-denominated; DefiLlama's RWA dashboard tracks 23 assets of which exactly one (eurSAFO) is euro-denominated. That is the shape of this market: EUR is roughly 2 instruments out of 100.
- EUR Nexo, YouHodler and similar platforms advertising '4-6% on euro deposits', centralised custodial lending. Your euros are an unsecured claim on the platform, there is no on-chain instrument, and the yield is not a euro rate. Out of scope.
- EUR 'Openfunds', this is a fund-data interchange standard (openfunds.org), not an issuer or a venue. It has no instruments. I believe the intended reference was OpenTrade, which is captured above with two EUR vaults (XEVT, XECLO).
- EUR Membrane Finance EUROe, a Finnish EMI-issued euro stablecoin. Non-yielding, same EMT constraint. Membrane is separate from Fasanara's FAST fund despite the two being grouped together in the brief; I found no yield-bearing EUROe product.
- EUR Obligate and Swarm, Swiss platforms for on-chain digital securities. Neither surfaced a currently-live, euro-denominated, yield-bearing instrument in my searches. Swarm's live products are tokenized equities. Not confirmed as belonging here.
- GBP_CHF_JPY UK DIGIT (Digital Gilt Instrument), not issued. As of the most recent reporting I read (2026-07-22), the pilot is targeted for early 2027 on HSBC Orion with LSEG listing. HSBC received Gate 2 approval on 2026-07-13 to provide live digital securities depository services. There is no tokenized gilt in existence today. See sterling_cash_status.
- GBP_CHF_JPY Tokenized JGBs, not issued. Japan's Digital Asset Co-creation Consortium (MUFG, Mizuho, SMBC, BlackRock Japan and others) opened a working group on 2026-05-07, with a detailed report on tokenization methods due October 2026 and a target launch before end-2026. Planning phase only; no live instrument, no chain, no eligible holders defined.
- GBP_CHF_JPY GYEN (GMO-Z.com Trust), in wind-down, not a going concern. Mint function removed from the platform 2026-05-15; GMO Trust commenced voluntary dissolution under New York Banking Law §605; the 180-day Initial Redemption Period runs 2026-05-15 to 2026-11-11, after which tokens are no longer directly redeemable. It never paid yield in any case.
- GBP_CHF_JPY JPYC (the stablecoin itself), not yield-bearing. Reserves are held in Japanese bank deposits and government bonds but the yield accrues to the issuer, not holders. JPYC is the collateral for the Secured Finance and Morpho yen markets, which I did list. Launched October 2025 on Ethereum, Avalanche and Polygon; contract 0x431D5dfF03120AFA4bDf332c61A6e1766eF37BDB.
- GBP_CHF_JPY tGBP (Tokenised GBP, BCP Technologies), the largest GBP stablecoin at ~$34.5m market cap and 25.59m supply across Ethereum, Base, Avalanche, BNB Chain, Polygon and Solana via LayerZero OFT, listed on Coinbase (2026-04-22) and Kraken. Explicitly pays NO yield to holders. Coinbase's own launch blog argues 'the UK should allow rewards on stablecoin holdings', which is a direct statement that it currently does not.
- GBP_CHF_JPY Sygnum Digital Swiss Franc (DCHF), a settlement token pegged to CHF, backed by equivalent CHF deposits held by Sygnum. Built for T=0 delivery-versus-payment inside Sygnum's banking stack. No yield to holders is described anywhere on Sygnum's own page.
- GBP_CHF_JPY VCHF, ZCHF and XCHF as tokens in isolation, VCHF and XCHF (Bitcoin Suisse CryptoFranc) pay no native yield; VNX's own page confirms earning requires third-party CeFi/DeFi protocols. ZCHF pays yield only via its separate Savings module, which I listed as its own row. Bitcoin Suisse's CryptoFranc page could not be read (JavaScript redirect wall).
- GBP_CHF_JPY Swiss CHF stablecoin sandbox, launched 2026-04-08 by UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV and Swiss Stablecoin AG. It is a controlled test environment with a limited participant pool and transaction limits, running through 2026. Not a live instrument, no public-chain deployment stated, no yield feature described.
- GBP_CHF_JPY BlackRock and Fidelity tokenized funds, USD only. BlackRock launched BSTBL (Select Treasury Based Liquidity Fund, Ethereum) and BRSRV (Daily Reinvestment Stablecoin Reserve Vehicle, multi-chain, Securitize as transfer agent) on 2026-08-03, both aimed at GENIUS Act stablecoin reserve eligibility. No GBP, CHF or JPY share class in either. BUIDL likewise.
- GBP_CHF_JPY Backed Finance, despite being a Swiss issuer, its tokenized bond line is USD and EUR only (bIB01, bIBTA are $ Treasury; bHIGH is € High Yield Corp). No GBP, CHF or JPY product appeared in any listing I read. Backed's own /products page could not be fetched (provenance error), so this is based on its aggregator listings and news pages.
- GBP_CHF_JPY Taurus, AMINA Bank, Bitcoin Suisse, 21Shares, no CHF-denominated yield-bearing token on a public chain surfaced for any of them. AMINA's tokenization work is infrastructure (Tokeny partnership, October 2025; first regulated bank on the 21X DLT venue). Taurus is custody/issuance software. These are rails, not instruments.
- GBP_CHF_JPY Aave, Compound and Morpho GBP markets, none found. Morpho has a CHF loan asset (VCHF) and an announced JPYC listing, but no GBP market exists on any major lending protocol as far as I could establish.
- GBP_CHF_JPY Morpho JPYC market, announced but not verified live. Morpho's own November 2025 newsletter uses future tense: 'JPYC will soon be live on Morpho as a collateral and loan asset'. A Steakhouse Financial-curated JPYC vault was reported as planned. I could not confirm a live vault, chain, address or APY, so I recorded no row.
- GBP_CHF_JPY Sterling Fnality Payment System (£FnPS), genuinely on-chain sterling, but not an instrument and not yield-bearing. See sterling_cash_status; it belongs there, not here.
- GBP_CHF_JPY Etherfuse CHF or JPY Stablebonds, do not exist. The full Stablebond set is CETES (MXN), EUROB (EUR), GILTS (GBP), KTB (KRW), TESOURO (BRL), USTRY (USD).
- LATAM MXNe / 'Real MXN' (Etherfuse + Brale, Base 0x269caE7Dc59803e5C596c95756faEeBb6030E0aF, also Solana/Polygon/Stellar), backed by Etherfuse's tokenized CETES, so it sounds like a yield instrument, but RWA.xyz explicitly records no yield to holders (0% management fee, income 'accumulates'). Market cap only $245,227. The CETES yield accrues to the issuer, not the MXNe holder.
- LATAM MXNB (Juno/Bitso, Arbitrum/Avalanche/Ethereum/Polygon, $1.86M), pure 1:1 fiat-backed payment stablecoin, no yield to holders per RWA.xyz, and Bitso's own product page makes no yield claim. It only becomes yield-bearing when deposited into the Morpho markets, which is captured as a separate row.
- LATAM BRZ (Transfero, Solana/Polygon/Ethereum/Base, ~$53.6M), the largest BRL stablecoin, but RWA.xyz confirms no yield to holders, 0% fees, income accumulates to issuer.
- LATAM BRLA Token (issuer listed as Avenia on RWA.xyz, Polygon 0xe6a537a407488807f0bbeb0038b79004f19dddfb, ~$3.5M), payment stablecoin. No yield-bearing variant found; docs.brla.digital was provenance-blocked so I could not check for an 'sBRLA'-style wrapper, but none appears in any registry.
- LATAM BRL1 (consortium of Mercado Bitcoin, Foxbit, Bitso and Cainvest; Polygon, 13.28M supply, $2.44M), RWA.xyz confirms no yield to holders.
- LATAM Braza USD / BUSDB (Braza Crypto, $14.5M), Brazilian issuer but the token is USD-denominated, so out of slice.
- LATAM Tether MXN (tMXN, $919,800) and Tenbin's tMXN / tBRL, appear in RWA.xyz's registry with no yield indicated; none is a yield instrument.
- LATAM Crown BRLV taken alone, explicitly non-rebasing and 'always worth 1 BRL'. It is only in the index because of the separate whitelisted Rewards program layered on top; the token itself does not accrue.
- LATAM Drex (Banco Central do Brasil), dead. BCB announced discontinuation of the Drex platform on 2025-11-03 after four years; it had already signalled in August 2025 it would drop blockchain, and the project is being restarted from scratch with no guarantee blockchain will be used. There is no Drex instrument to index.
- LATAM BRD (CF Inovação, founded by ex-BCB director Tony Volpon), a real-pegged, yield-sharing stablecoin backed by Brazilian National Treasury bonds, announced 2026-01-07. But no product documentation has been released, no chain, no contract, no launch date. Announcement only, so no row.
- LATAM Num Finance nARS / nCOP, nCOP launched on Polygon in August 2023 with an announced yield feature ('token holders getting rewards from regulated financial products'), but the yield rate was never published and Num has since pivoted: its current site and docs list only USD-denominated nTokens (nTBILL1, nSP500, nICOM, nEM) bought with USDC, with no LATAM currency stablecoins at all. nARS on CoinMarketCap shows $0 price, $0 volume and a stale BSC→Polygon migration notice (BSC 0x91bc956f064d755db2e4efe839ef0131e0b07e28, Polygon 0x65517425ac3ce259a34400bb67ceb39ff3ddc0bd, the latter returning 403 on PolygonScan). Effectively dormant.
- LATAM Foxbit / Zuvia Securitizadora FTZSEC-01, a genuine BRL tokenized securitized commercial note at ~1.45%/month, R$25 per unit, CVM Resolution 88, published 2025-10-31. But it was a 6-month instrument (30-day raise + 5-month yield period) totalling only R$100,000, so it matured around April 2026 and does not exist today.
- LATAM COPM (Minteo, Colombian peso, Polygon), listed as a supported asset with live pools on Stabull, but it is a payment stablecoin and I found no evidence of yield to holders. Minteo's own site was provenance-blocked; recorded as unverified-no-yield rather than as an instrument.
- LATAM Chilean peso stablecoins (CLPX on Stellar and similar), exist in press coverage but do not appear in RWA.xyz's stablecoin registry at all and I found no yield mechanism. No CLP yield instrument found.
- LATAM Itaú 'Blockchain' funds (Itaú Blockchain Ações, Itaú Index Blockchain Ações FX), these are conventional Brazilian equity funds that invest in blockchain-sector equities. They are not tokenized, not on-chain, and not BRL fixed income. Name collision only.
- LATAM Etherfuse EUROB (EUR), GILTS (GBP), KTB (KRW) and USTRY (USD), part of the same stablebond line and confirmed live on the Etherfuse dashboard as of 2026-08-05, but out of the LATAM slice. Noted so the count of six is not mistaken for six LATAM products: only CETES and TESOURO are LATAM.
- APAC_ROW Libeara / SC Ventures SGD Delta Fund, the tokenised Singapore Dollar Government Bond Fund, rated AA-bf by Moody's in January 2024, was the marquee SGD instrument. As of August 2026 I can find NO trace of it: it is absent from Libeara's homepage, absent from Libeara's news page (whose most recent eight items, Mar, Aug 2026, cover a Wellington multi-sector income strategy, a $14m GSR-led raise, SOC 2 compliance, an MAS Capital Markets Services licence, and an art-tokenisation MOU, no SGD fund), and the FundBridge Delta Master Trust microsite would not render. Libeara's public product line is now US Treasuries (Delta Wellington ULTRA), gold, and advisory. I am NOT recording it as dead, because I could not confirm a wind-up, but I could not confirm it is alive either.
- APAC_ROW Franklin Onchain US Dollar Short-Term Money Market Fund (Franklin Templeton + DBS, Singapore's 'first tokenised retail MMF', MAS-approved, USD 20 minimum, retail from Q1 2026), Singaporean in distribution but USD-denominated. Not this slice.
- APAC_ROW Tokenised Phillip USD Money Market Fund (tMMF-USD), launched 5 Nov 2025, transferable on Alta Exchange, USD-denominated. Not this slice.
- APAC_ROW ANZ A$DC, the first bank-minted AUD stablecoin (2022). Pays no yield, is not a publicly held instrument, and I found no evidence of ongoing commercial issuance; its documented uses are one-off carbon-credit and pension-payment experiments.
- APAC_ROW AUDD (Novatti / AUDC Pty Ltd) and AUDM (Macropod, Australia's first AFSL-licensed stablecoin issuer, Betashares-backed, Ethereum 0x081599e4936d12c46bd48913b2329115cd26cbdd, also Solana/Base/Redbelly), both are plain 1:1 AUD stablecoins. Neither pays or accrues yield to holders. Macropod's own product page describes 1:1 redemption only, restricted to Macropod Platform clients.
- APAC_ROW NZDD (Easy Crypto) and NZDS (Techemynt, Ethereum 0xda446fad08277b4d2591536f204e018f32b6831c, Polygon 0xFbBE4b730e1e77d02dC40fEdF9438E2802eab3B5), NZD stablecoins with no native yield. Techemynt's 'stake and earn %APY with partners' refers to third-party LP incentives, not an instrument.
- APAC_ROW Stabull Finance liquidity mining on XSGD, NZDS, AUDD and TRYB pools, this is DEX LP yield paid largely in the protocol's own token on a 50/50 pair with USDC, not a yield instrument denominated in the local currency. Excluded on principle.
- APAC_ROW Dezy 'Fuel The Market' XSGD/USDC strategy offering 3% APR on XSGD, the StraitsX blog post announcing it is dated 23 February 2023 and I found no evidence it is still running.
- APAC_ROW KRW1 (BDACS with Woori Bank, on Avalanche, launched 18 Sep 2025), South Korea's first won-pegged stablecoin, but explicitly still a proof of concept: 'remains in a PoC stage and is not publicly circulated.' No yield. Kbank/HashKey were reported in July 2026 to be building won stablecoin payment rails ahead of legislation. Korea's Digital Asset & Cryptocurrency Act framework is still being debated, with the Bank of Korea pushing to confine issuance to licensed banks.
- APAC_ROW ARC (Anq + Polygon, rupee-backed, debt-collateralised), a tentative January 2026 debut passed with no RBI confirmation, no live circulating supply, and no mention on anq.finance. In July 2026 the RBI signalled it favours barring banks and regulated entities from exposure to private stablecoins including rupee-backed ones.
- APAC_ROW PHPC (Coins.ph, BSP-approved) and PHPX (Just Finance, bank-backed), Philippine peso stablecoins, no yield feature.
- APAC_ROW Tether AED, AE Coin, and DDSC (dirham-backed, on ADI Chain, licensed by the UAE Central Bank), AED stablecoins. None pays yield. No tokenised AED money market fund or dirham government bond found in ADGM or DIFC.
- APAC_ROW PRYPCO Mint (Dubai Land Department, VARA-licensed), tokenised Dubai real estate and gold with AED 2,000 minimums and advertised 8-12% net annual ROI from rent plus appreciation. Excluded because it is fractional real-estate EQUITY, not a currency-denominated debt or money-market yield instrument, and the site does not disclose which blockchain the tokens sit on or state the payout currency.
- APAC_ROW Project Acacia (RBA + DFCRC, final report May 2026), a concluded research pilot across 20 wholesale use cases including tokenised bank deposits, stablecoins, government bonds and repo, plus a world-first pilot wCBDC on both public and private DLT. Explicitly research, not a buyable instrument. Next steps are a regulatory sandbox and further consultation.
- APAC_ROW HKMA Project Ensemble and e-HKD / e-HKD+, sandbox and pilot programmes, not instruments. Their one commercial output relevant here is the Bosera tokenised MMF ETF, which I have listed separately.
- APAC_ROW Hong Kong's first stablecoin issuer licences (granted March 2026 to HSBC and to Anchorpoint Financial, the Standard Chartered / Animoca joint venture), HKD stablecoins, but the HKMA regime confines transfers to identity-verified wallets and these are payment instruments, not yield products. Two licences out of 36 applicants.
- APAC_ROW DBS tokenised physical gold (retail, June 2026) and DBS tokenised structured notes, real commercial tokenisation from a Singapore bank, but gold-linked and note-linked, not SGD-currency yield instruments.
- APAC_ROW Monochrome and Zerocap (Australia), Monochrome runs ASX-listed spot bitcoin and ether ETFs, which are AUD-priced but are not on-chain yield instruments. Zerocap's published offerings are OTC trading, tokenised gold and custody; I found no AUD-denominated on-chain yield product from either.
- APAC_ROW XSGD itself (StraitsX, MAS-regulated, deployed on nine chains), a payment stablecoin that pays no yield. Only the separate custodial StraitsX Earn product generates a return, which I have listed.