WisdomTree's Government Money Market Digital Fund (WTGXX) has experienced a significant increase in value, reaching over $931 million as of August 18, 2025. This marks a 722% surge since May, fueled by tokenized U.S. treasuries across blockchain networks. The fund's total value locked (TVL) is predominantly on Ethereum, with $919 million, while the rest is on Arbitrum and Stellar. The real-world asset (RWA) market has seen substantial growth, expanding from $8.6 billion at the start of 2024 to $26.6 billion by August 2025. Tokenized private credit loans and on-chain tokenized treasury funds like WTGXX and BlackRock's BUIDL are driving this expansion. BUIDL holds the largest assets under management at $2.4 billion, with WTGXX now ranking third. The surge in WTGXX aligns with Ethereum's robust price performance and the expansion of DeFi lending markets to all-time highs.