category.tokenised_funds.label
category.tokenised_funds.promise
Audit
Infrastructure
Methodology
2026.04.0
published 2026-04-27
Providers tracked
340+
across 31 categories
Last verified
2026-08-03
editorial freshness
Editorial board
4
audit-log live
Decision guide
What matters most before choosing in this category
The best stablecoin-yield path depends on whether you need transfers, payments, savings-like dollar exposure, or onchain utility. The important decision is not only which stablecoin-yield you use, but where and how you plan to use it.
Key question
Do you care most about issuer trust, liquidity, or how you will pay and transfer with it?
Key question
Do you want a claim on real Treasuries, a protocol-set rate, or a custodial rewards programme?
Key question
Do you need the clearest dollar exposure or the broadest ecosystem support?
Current editor lead
WisdomTree Digital Funds
Real 1940 Act funds at 0.05% — the cheapest wrapper here by an order of magnitude
Data checked Aug 2026
Thirteen SEC-registered 1940 Act funds with a blockchain mirror record, spanning money market, equity, fixed income and allocation strategies. Two things make this the outlier. The fee load is an ordinary mutual-fund expense ratio \u2014 0.05% gross AND net on the flagship, so it does not depend on a waiver that can lapse \u2014 which is roughly an order of magnitude below every other entry here. And it is the only genuinely retail-accessible product in the category, via the WisdomTree Prime app in all 50 states. The honest counterweight: WisdomTree states the token is NOT the security, so the onchain record is legally secondary \u2014 and at ~$15.65M in the flagship this is a regulated experiment, not a market.
Best for
The cheapest real fee load in the category (0.05%, no waiver dependency)The only product here a non-accredited retail investor can buyFull 1940 Act protections: board, custodian, audited disclosure, daily NAV
Main tradeoff
US investors only \u2014 non-US buyers cannot access it at all
Verify before signup
Ask what the token actually adds over holding the same fund in a brokerage account \u2014 for most buyers, very little.
Weighted criteria
What you own, and against whom30%
Redemption mechanics26%
Fee load vs the cheapest equivalent24%
Who can subscribe20%
Leading options
Shared shortlist for this category
These providers are pulled from the same category comparison catalog used in validation, so the category page, comparison page, and provider reviews stay aligned.
WisdomTree Digital Funds
Real 1940 Act funds at 0.05% — the cheapest wrapper here by an order of magnitude
Editor lead
Thirteen SEC-registered 1940 Act funds with a blockchain mirror record, spanning money market, equity, fixed income and allocation strategies. Two things make this the outlier. The fee load is an ordinary mutual-fund expense ratio \u2014 0.05% gross AND net on the flagship, so it does not depend on a waiver that can lapse \u2014 which is roughly an order of magnitude below every other entry here. And it is the only genuinely retail-accessible product in the category, via the WisdomTree Prime app in all 50 states. The honest counterweight: WisdomTree states the token is NOT the security, so the onchain record is legally secondary \u2014 and at ~$15.65M in the flagship this is a regulated experiment, not a market.
Best for: The cheapest real fee load in the category (0.05%, no waiver dependency)
Janus Henderson Anemoy AAA CLO Fund (JAAA)
0.50% for the token — the SAME manager\u2019s listed ETF charges 0.20%
JAAA is the largest non-Treasury tokenised fund tracked at roughly $690M, holding AAA CLO tranches in a BVI segregated portfolio with daily NAV subscription and redemption in stablecoins. The comparison that matters is with its own sibling: the same manager's NYSE-listed AAA CLO ETF, also ticker JAAA, charges **0.20%** against $29bn of net assets. You are paying roughly 2.5\u00d7 for the tokenised wrapper. The structural risk is the daily-redeemable share class sitting over a securitised credit book \u2014 AAA CLO tranches are high quality but they are not cash, and daily onchain NAV hands first-mover advantage to whoever redeems first in a dislocation.
Best for: Largest non-Treasury tokenised fund with daily stablecoin redemption
Apollo Diversified Credit Fund (ACRED)
A daily-transferable token over a quarterly, 5%-capped redemption queue
ACRED is a tokenised feeder into Apollo's diversified private credit fund \u2014 and the mismatch at its centre is the thing to understand. The token transfers daily between allowlisted wallets, but redemption mirrors the underlying interval fund: quarterly repurchase offers of at least 5% of shares, pro-rated if oversubscribed. In a credit drawdown primary redemption is rationed while any secondary bid gaps below NAV. The fee is also two stacked layers: 0.50% at the Securitize feeder, plus the Apollo fund's own total operating expenses beneath it \u2014 quoting only the feeder rate materially understates the cost.
Best for: Access to Apollo private credit in a tokenised wrapper
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Methodology
How this category is reviewed
Reviewed on issuer trust, liquidity fit, payment and transfer utility, and chain fit — who backs it, where it trades, and how you move it on-chain.
Reviewed on: What you own, and against whom, Redemption mechanics, Fee load vs the cheapest equivalent, Who can subscribe.
This page is a maintained category surface, not a static marketing block. Review freshness, provider positioning, and recommendation logic should stay consistent with quiz and provider pages.
Frequently asked
Questions people ask before choosing tokenised funds
REVIEWEDApr 2026METHOD4 criteriaCATEGORYtokenised_funds
Not financial advice · For informational purposes only · Always do your own research
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