The Tokenization Stack

How capital flows through tokenization. From institutional allocators to productive yield.

Tag: #treasury-yield

2 matching players

Stablecoins

1

What everything settles in

USDT, USDC, PYUSD. The settlement layer. Increasingly backed by tokenized treasuries themselves, which means the base layer is starting to eat what it settles. That loop is worth watching.

Yield

1

Where tokenized assets become productive

Morpho, Aave, Spark, Pendle. This is where tokenized assets stop sitting in a wallet and start earning. A lot of the DeFi primitives needed to make this work at scale haven't been built yet. The yield layer is the reason institutions care about any of this.

Juan Esquivel / October 2026·For educational purposes only.·OverviewCompareStandardsThreadsRegulationTalksAboutPrivacyContactSubmit a fix