TokenBank 简体中文 · 代币化美国国债
哪些代币化美国国债收益率最高？
要点
我们的数据中有34项列明收益率的代币化美国国债，最高为SAFO（Spiko）的4.37%。可在去中心化交易所无需KYC购买的有：USDY、mTBILL。收益率随美国利率变动。
代币化美国国债是把短期美国国债或货币市场基金份额记录在区块链上的代币，收益率跟随美国短期利率，以美元计价。多数需要通过发行人的身份验证（KYC），谁可以购买由发行人决定。
数据日期 2026-10-18 · 非投资建议。谁可以购买由发行人决定。 · English
| 代币 | 发行人 | 收益率 | 最低投资额 | 区块链 | 状态 |
|---|---|---|---|---|---|
| Spiko Dollar (Spiko Amundi Overnight Swap Fund, USD share class) SAFO | Spiko | Interest rate 4.37% net of fees (spiko.io, 16 Oct 2026) date not stated | $1 | Ethereum / Polygon PoS / Arbitrum One (+4) | 存续中 |
| WisdomTree 3-7 Year Treasury Digital Fund WTTSX | WisdomTree Prime / WisdomTree Connect | SEC 30 Day Yield 4.19%, Distribution Yield 3.67%, Yield to Maturity 4.21% (as of 06/30/2026) date not stated | — | Ethereum / Arbitrum / Avalanche (+5) | 存续中 |
| Spiko Pound (Spiko Amundi Overnight Swap Fund, GBP share class) GBPSAFO | Spiko | Net yield 4.17% net of fees (spiko.io, 16 Oct 2026) date not stated | £1 | Ethereum / Polygon PoS / Arbitrum One (+4) | 存续中 |
| Spiko US T-Bills Money Market Fund USTBL | Spiko (SICAV, France) | 4.11% date not stated | €1 (≈$1,000 practical) | Stellar / Ethereum | 存续中 |
| Grand Duchy of Luxembourg — Luxembourg 3.70% 10-year DLT-native sovereign benchmark bond LU-DLT-BENCH-2036 | Grand Duchy of Luxembourg | 3.7% coupon checked 15 Oct 2026 | — | Issued through LuxCSD on Clearstream's D7 DLT platform; Spuerkeess lead manager | 存续中 |
| Ondo US Dollar Yield USDY | Ondo Finance | ~3.69% checked 18 Oct 2026 | ~$50 (secondary market) | Ethereum / Solana (+10) | 存续中 |
| VanEck Treasury Fund Ltd. VBILL | VanEck / Securitize | 7-Day Yield 3.66% net, as of 10/1/2026 date not stated | $100K (Avalanche/BNB/Solana), $1M (Ethereum) | Bnb / Avalanche / Ethereum (+1) | 存续中 |
| HKSAR Government — Digital Green Bond 2025 (USD 3-year tranche) HKGB-DIGI-2025-USD | HKSAR Government | 3.633% coupon checked 15 Oct 2026 | — | HSBC Orion | 存续中 |
| BlackRock USD Institutional Digital Liquidity Fund BUIDL | BlackRock / Securitize | ~3.59% checked 25 Aug 2026 · over 30 days old | $5M (institutional) | Ethereum (+8) | 存续中 |
| Janus Henderson Anemoy Treasury Fund JTRSY | Anemoy / Janus Henderson (Centrifuge) | ~3.59% checked 25 Aug 2026 · over 30 days old | $500,000 (institutional) | Ethereum (+6) | 存续中 |
| Ondo Short-Term US Government Treasuries OUSG | Ondo Finance | ~3.56% checked 18 Oct 2026 | $5,000 | Ethereum / Solana / Polygon | 存续中 |
| Spiko UK T-Bills Money Market Fund UKTBL | Spiko | Current net yield 3.56% (net of fees, last 31 days; spiko.io, 16 Oct 2026) date not stated | £1 or €1 | Ethereum / Polygon PoS / Arbitrum One (+4) | 存续中 |
| WisdomTree Government Money Market Digital Fund WTGXX | WisdomTree | ~3.5% date not stated | Low (app-based) | Stellar / Ethereum (share records) | 存续中 |
| Short-Term Treasury Bill Token STBT | Matrixdock | 30d Avg. APY after fees 3.50% (matrixdock.com/stbt, 16 Oct 2026) date not stated | — | Ethereum / BNB Chain / Arbitrum | 存续中 |
| Franklin OnChain US Government Money Fund BENJI | Franklin Templeton | 3.47% date not stated | Low (Benji app) | Stellar / Base / Ethereum | 存续中 |
| Midas mTBILL mTBILL | Midas | ~3.42% (tracks T-bills) checked 18 Oct 2026 | None | Ethereum (+L2s, Algorand) | 存续中 |
| OpenEden TBILL TBILL | OpenEden | ~3.37% (T-bill level) checked 18 Oct 2026 | KYC onboarding; verify current minimum | Ethereum / Arbitrum | 存续中 |
| Superstate Short Duration US Government Securities Fund USTB | Superstate / Invesco | ~3.35% (T-bill level) checked 18 Oct 2026 | Qualified purchasers (high) | Ethereum / Solana | 存续中 |
| Circle USYC USYC | Circle (Hashnote Intl. Short Duration Yield Fund) | ~3.17% (T-bill level) checked 18 Oct 2026 | Institutional channels | Ethereum / Solana / Canton / Sui | 存续中 |
| Spiko Euro (Spiko Amundi Overnight Swap Fund, EUR share class) EURSAFO | Spiko | Net yield 2.84% net of fees (spiko.io, 16 Oct 2026) date not stated | €1 | Ethereum / Polygon PoS / Arbitrum One (+4) | 存续中 |
| HKSAR Government — Digital Green Bond 2025 (EUR 4-year tranche) HKGB-DIGI-2025-EUR | HKSAR Government | 2.512% coupon checked 15 Oct 2026 | — | HSBC Orion | 存续中 |
| HKSAR Government — Digital Green Bond 2025 (HKD 2-year tranche) HKGB-DIGI-2025-HKD | HKSAR Government | 2.5% coupon checked 15 Oct 2026 | — | HSBC Orion | 存续中 |
| HKSAR Government — Digital Green Bond 2025 (RMB 5-year tranche) HKGB-DIGI-2025-RMB | HKSAR Government | 1.9% coupon checked 15 Oct 2026 | — | HSBC Orion | 存续中 |
| Spiko EU T-Bills Money Market Fund EUTBL | Spiko (SICAV, France) | 1.66% date not stated | €1 (≈€1,000 practical) | Stellar / Ethereum / Base | 存续中 |
| 1.625 St. LU 23-29 CH1232107172 | City of Lugano | 1.625% (register description) checked 16 Oct 2026 | CHF 5,000 | SDX DLT (private permissioned ledger, SIX Digital Exchange CSD) | 存续中 |
| 1.45 Kt ZH 23-34 CH1306117073 | Canton of Zurich | 1.45% checked 16 Oct 2026 | CHF 5,000 | SDX DLT (private permissioned ledger, SIX Digital Exchange CSD) | 存续中 |
| 1.415 St. LU 24-34 CH1319968462 | City of Lugano | 1.415% checked 16 Oct 2026 | CHF 5,000 | SDX DLT (private permissioned ledger, SIX Digital Exchange CSD) | 存续中 |
| 1.3 Bond 23-27 Kt. BS CH1265890678 | Canton of Basel-Stadt | 1.30% (register description; BKB result notice) checked 16 Oct 2026 | CHF 5,000 | SDX DLT (private permissioned ledger, SIX Digital Exchange CSD) | 存续中 |
| 1.25 St SG 27 CH1331113444 | City of St. Gallen | 1.25% checked 16 Oct 2026 | CHF 5,000 | SDX DLT (private permissioned ledger, SIX Digital Exchange CSD) | 存续中 |
| 1.0 St. LUG 24-33 CH1392903543 | City of Lugano | 1.00% checked 16 Oct 2026 | CHF 5,000 | SDX DLT (private permissioned ledger, SIX Digital Exchange CSD) | 存续中 |
| 0.9525 Lug 35 TOK CH1462229902 | City of Lugano | 0.9525% (register description) checked 16 Oct 2026 | CHF 5,000 | SDX DLT (private permissioned ledger, SIX Digital Exchange CSD) | 存续中 |
| 0.95 St. LUG 26-36 CH1562934682 | City of Lugano | 0.95% (final rate) checked 16 Oct 2026 | CHF 5,000 | SDX DLT (private permissioned ledger, SIX Digital Exchange CSD) | 存续中 |
| 0.6125 StLug 32 CH1433241267 | City of Lugano | 0.6125% (final rate) checked 16 Oct 2026 | CHF 5,000 | SDX DLT (private permissioned ledger, SIX Digital Exchange CSD) | 存续中 |
| Spiko Swiss Franc / 'Spiko Franc' (Spiko Amundi Overnight Swap Fund, CHF share class) CHFSAFO | Spiko | Net yield 0.24% net of fees (spiko.io, 16 Oct 2026) date not stated | CHF 1 | Ethereum / Polygon PoS / Arbitrum One (+4) | 存续中 |
常见问题
代币化国债受存款保障吗？
不受。它们不是存款，涉及发行人、托管和智能合约风险。
收益怎么发放？
各产品不同：有的通过代币价格上涨累积收益，有的每天增加持有的代币数量（rebase）。具体见各产品页面。
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