New onchain money flows into Treasuries, gold, and asset-backed credit

gold: Gold is a precious-metal asset commonly used as a store of value and portfolio hedge. The news indicates that gold attracted substantial new onchain allocation, while recent tokenization activity has concentrated liquidity in gold-backed products because the underlying asset has established demand and recognizable value. Treasuries: U.S. Treasury securities are government debt instruments commonly used for income, liquidity, and collateral. The news identifies Treasuries as one of the main destinations for new onchain money, consistent with recent expansion of tokenized Treasury products and institutional efforts to bring Treasury trading and collateral use onto blockchain rails. asset-backed credit: Asset-backed credit refers to lending secured by collateral such as financial assets, commodities, or other receivables. In the news, it represents an onchain destination for capital seeking income supported by underlying collateral rather than exposure to purely speculative assets. Collateral: Recent industry commentary presents tokenized Treasuries as a core collateral asset for improving the movement and settlement of pledged assets across financial markets. Tokenization: Recent market coverage says onchain liquidity has concentrated in assets with established buyers, particularly Treasuries and gold, while tokenized real estate and private credit have developed more slowly. Institutional adoption: The Depository Trust and Clearing Corporation is preparing a tokenization service for liquid assets including Treasuries and major exchange-traded funds, supporting the shift of conventional collateral onto blockchain infrastructure.