US Treasury Debt

Stablecoins

non-US Government Debt

Corporate Credit

Stocks

Private Equity

Commodities

Diversified Credit

Asset-Backed Credit

Active Strategies

Specialty Finance

Venture Capital

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. Anchored by a public, permissionless liquidity hub (c-chain), the network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future. Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

OpenTrade provides an institutional grade platform for lending and yield products designed for fintechs and institutional investors across Web2 and Web3 ecosystems. Our offerings combines a technology platform with legal and operational frameworks and services that together support safe, compliant, and scalable lending and yields products for the next generation of financial services & markets.

OpenTrade

Franklin Templeton

WisdomTree 7-10 Year Treasury Digital Fund

Circle is a fintech firm central to the emerging internet of money, enabling instant, affordable global transactions. Its infrastructure, including USDC, a dollar stablecoin, supports businesses, institutions, and developers, unlocking new opportunities in payments and commerce.

Circle

GEMx AG is growing its role as a leader in the real-world assets sector with the launch of the world’s first USD 2 billion institutional-grade emerald investment opportunity. Headquartered in Zug, Switzerland, the company connects the lasting value of rare gemstones with modern blockchain technology.

Its flagship product, EmGEMx, offers fractional ownership in a carefully selected and securely stored portfolio of emeralds. The gemstones are appraised by trusted gemological laboratories such as Gübelin and WGI, and the investment structure is audited by global firm Grant Thornton. The opportunity is further supported by strategic partners including Chainlink, Fireblocks, Zodia Custody, and Seabury Capital Group.

Targeting the USD 60 billion colored gemstone market and the rapidly growing USD 16 trillion real-world asset space, GEMx combines strong institutional focus, a robust compliance framework, and high-level partnerships to deliver a secure and forward-looking investment opportunity.

GEMx AG

Libre SAF VCC

Backed Assets

USYC lets you earn short-term Fed rate returns. Assets are deployed in reverse repo, with some allocated to T-Bills, to ensure maximum liquidity and minimum duration risk.

Circle International

KKR Health Care Strategic Growth II Securitize Fund

The Wyoming Stable Token Commission is a body politic and corporate created under Wyoming law as an instrumentality of the State of Wyoming to issue and manage the Wyoming Stable Token. Established by the Wyoming Stable Token Act, the Commission oversees the token’s issuance, reserves, and operations to ensure it maintains a stable value, typically pegged to the U.S. dollar. Its mandate includes promoting financial innovation while safeguarding public trust through prudent reserve management and statutory compliance.

The State of Wyoming - Wyoming Stable Token Commission

Securitize Tokenized Apollo Diversified Credit Fund

Avant delivers the highest risk-adjusted yield on your assets. Powered by real on-chain strategies and fully non-custodial.

Avant Technology Foundation

WisdomTree Floating Rate Treasury Digital Fund

WisdomTree 3-7 Year Treasury Digital Fund

Juno is the issuer of MXNB, a fully-reserved Mexican Peso stablecoin backed by the most trusted Mexican company in digital assets, Bitso.

Juno (a Bitso company)

WisdomTree Short-Duration Income Digital Fund

WisdomTree Long Term Treasury Digital Fund

WisdomTree Short-Term Treasury Digital Fund

WisdomTree Technology & Innovation 100 Digital Fund

WisdomTree Siegel Longevity Digital Fund

Brale is a stablecoin issuance and tokenization platform that helps businesses create bespoke stablecoins and digital assets.

Brale

Digital Macro Fund Ltd. is a Cayman-based hedge fund managed by SkyBridge Capital II, LLC that invests in digital assets not classified as securities. It serves as a feeder into the Digital Macro Master Fund and follows a macro-driven strategy across crypto markets.

Digital Macro Fund

Tether facilitates fiat currency use digitally on a blockchain, disrupting traditional finance. It enables transactions with stable, familiar currencies on the blockchain, reducing typical digital currency volatility and complexity, and eases cross-border transactions.

Tether Holdings

Xfers Pte Ltd

Ethena

Republic

WisdomTree TIPS Digital Fund

WisdomTree 500 Digital Fund

Schuman Financial is the leading provider of technologies, infrastructure, and solutions for European stablecoin-based finance. We are bringing European and euro-denominated financial services on-chain. Our core product is EURØP, a euro-denominated stablecoin issued by our French-licensed subsidiary regulated by Banque de France. 

Schuman Financial

BCP Technologies is an FCA-registered cryptoasset firm in the UK and the issuer of Tokenised GBP (tGBP)

BCP Technologies

Korea-based institutional digital-asset custodian; founded 2022; KoFIU-registered VASP with bank/crypto partnerships.

BDACS

Securitize Capital ParaFi Venture II Tokenized Fund

Agora is building a next-generation payments and operations platform.  Agora is the minter of AUSD a 1:1 fully collateralized, freely tradeable USD stablecoin.

Agora

Legion Strategies

Issuing entity behind Galaxy's 75$M tokenized CLO.

Galaxy CLO 2025-1 LLC

WisdomTree Siegel Moderate Digital Fund

The Re Protocol is a groundbreaking innovation that bridges the gap between traditional insurance markets and decentralized finance (DeFi). Built on blockchain technology, Re Protocol introduces an unprecedented level of transparency, efficiency, and accessibility to the global reinsurance market—a multi-trillion-dollar industry historically characterized by opacity and reliance on intermediaries.
At its core, Re Protocol facilitates direct, efficient capital allocation to reinsurance contracts. This is achieved through a network of interconnected smart contracts and an architecture designed for auditable, secure operations. Participants in the protocol gain exposure to the returns of the reinsurance sector without the traditional barriers of entry, while simultaneously benefiting from the transparency and automation enabled by blockchain.

WisdomTree Siegel Global Equity Digital Fund

WisdomTree Government Money Market Digital Fund

Resilience BVI Ltd.

BlackRock USD Institutional Digital Liquidity Fund

Delta Wellington Ultra Short Treasury On-Chain Fund

Anemoy is a Web3-native fund company revolutionizing onchain finance by delivering tokenization and onchain asset management. Built on the Centrifuge protocol, Anemoy provides institutional-grade investment opportunities within DeFi.

Anemoy is a pioneer with strategic partnerships like Janus Henderson Investors asset management for the onchain era. The Janus Henderson Anemoy Treasury Fund Segregated Portfolio (JTRSY) is the highest rated in the industry by Moody’s, S&P and Particula. Anemoy leverages blockchain technology to maximize operational efficiency, transparency, and investor access, setting new benchmarks for institutional-grade tokenized funds.

Anemoy

Mountain Protocol issues USDM, a regulated, yield-bearing stablecoin redeemable at a 1:1 USD value, with daily rebases benefiting users through US Treasury interest​​.

Mountain Protocol

VanEck Treasury Fund

Embrace One SPC Quantitative Arbitrage

United States of America

British Virgin Islands

Liechtenstein

Singapore

Cayman Islands

Bermuda

United Kingdom

Switzerland

El Salvador

Avalanche C-Chain

Libeara is a Singapore-based fintech startup backed by SC Ventures, powering the tokenisation of real-world financial assets. With a mission to make quality investments inclusive and accessible.

Libeara

Avant Protocol

Agora Ledger builds infrastructure for digital dollars—letting businesses mint and manage dollar tokens (e.g., AUSD) and connect them to both DeFi and traditional payment rails.

Agora Ledger

Galaxy Digital is a digital-asset financial services firm. It operates across trading, asset management, investment banking/advisory, and principal investing in crypto and blockchain, and also publishes market research and builds infrastructure products for institutions.

Galaxy Digital

Asseto is building the yield infrastructure for the stablecoin economy. As RWAs become the next frontier of onchain finance, we go beyond static tokenization by transforming live, yield-generating strategies into programmable, composable assets. We partner with leading asset managers to bring real-world, compliant products on-chain — balancing yield, liquidity, and regulatory alignment. Current offerings include delta-neutral arbitrage and tokenized cash strategies, with more coming soon: private equity, private credit, and multi-asset structured products. 

Backed by strategic investors HashKey Group and Pharos, our team combines experience from Morgan Stanley, Standard Chartered, E Fund, and more — bridging traditional finance with Web3 execution. 

Asseto is not just tokenizing RWA — we’re building the real yield stack: compliant, composable, and connected to the real economy.

Asseto

LayerZero Avalanche Bridge

Fireblocks is a digital asset infrastructure company, trusted by 2,200+ institutions to scale stablecoins, custody, and digital asset operations.

Fireblocks

Franklin Templeton is a global investment management organization (NYSE:BEN). It has developed Benji, a retail mobile app and institutional web app that allows investors to browse tokenized securities and cryptocurrencies.

Franklin Templeton Benji Investments

Tokeny enables compliant issuance, transfer, and management of securities using blockchain.

Tokeny

Bitso

Securitize provides businesses a platform to raise capital from institutional, accredited or retail investors with shares issued as digital tokens.

Securitize

London-based OpenTrade runs stablecoin yield and tokenized T-bill/credit products on a fork of Circle’s Perimeter Protocol, marrying USDC rails with a bankruptcy-remote Cayman SPC and regulated brokers/custodians.

OpenTrade (Perimeter Protocol)

WisdomTree is a global financial innovator offering a diversified suite of exchange-traded products (ETPs), model portfolios, and blockchain-enabled solutions. As a leading independent ETF provider, WisdomTree is also at the forefront of digital finance, having launched a range of blockchain-based funds spanning money markets, equities, fixed income, and asset allocation, along with tokenized assets like gold. These offerings are accessible via WisdomTree Prime® for U.S. retail investors and WisdomTree Connect™ for institutions. Through subsidiaries focused on digital asset management and money services, WisdomTree aims to enhance access, transparency, and user experience across modern financial infrastructure.

WisdomTree

Cross-Chain Interoperability Protocol (CCIP) is Chainlink’s standard for secure cross-chain messaging and token transfers, letting apps move tokens and data across public and private blockchains via decentralized oracle networks.

Cross-Chain Interoperability Protocol (CCIP)

Backed Finance is a blockchain tokenization company that converts traditional financial assets.

Backed Finance

KAIO is an institutional-grade Web3 protocol, created by WebN Group and Nomura’s Laser Digital, that enables compliant tokenization and lifecycle management of alternative investment funds. It connects asset managers with distributors while providing access to tokenized hedge funds, money market funds, and private credit strategies from managers like Brevan Howard, BlackRock, and Hamilton Lane. Through its KAIO Gateway, the platform extends these assets across multiple blockchains, offering services such as collateralized lending, automated rebalancing, and programmable compliance.

KAIO

The leading platform for tokenized financial products.‍ Brings the full power of onchain finance to asset managers and investors.

Centrifuge

Dinari Financial Network

Intain simplifies the investment processes, enhances transparency, and ensures regulatory compliance of tokenized assets. It specifically focuses on using smart contracts as blockchain for structured finance servicing.

Cogent Bank

Intain

Skybridge Capital

Janus Henderson

BlackRock

Five Sigma

Galaxy Digital Capital Management

Fisherman Capital

Re Member Fund Management Co LLC

FundBridge Capital

Apollo Global Management

Laser Digital

ParaFi Capital

VanEck Absolute Return Advisers Corporation

Tether

VanEck Associates Corporation

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future. Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

Avalanche

Apollo Diversified Credit Securitize Fund

Libre SAF VCC - Access Private Credit Feeder A

Franklin OnChain U.S. Government Money Fund

KAIO Blackrock ICS US Dollar Liquidity Fund

KAIO Hamilton Lane Senior Credit Opportunities Fund

Institutional X-Border Payment Receivables

OpenTrade Diversified Fixed Income Strategy

EURC Collateralised Loan Obligations Vault

The base protocol where the token is deployed

The total outstanding principal amount in dollars.

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The total dollar value of assets that have been drawn down.

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The market value of circulating assets in dollars.

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The total supply of tokens currently available.

The current circulating supply of tokens associated with the asset.

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The number of transfers in the last 7 days.

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#	Platform	RWA Count	Total Value	30D%	Market Share
1	Tether Holdings	1	$941.4M	▲13.09%	41.64% ▲
2	Circle	2	$589.6M	▼8.58%	26.08% ▼
3	Centrifuge	2	$256.1M	0%	11.33% ▼
4	Avant Protocol	1	$124.5M	▲12.37%	5.51% ▲
5	Securitize	6	$111.9M	▲0.19%	4.95% ▼
6	OpenTrade (Perimeter Protocol)	15	$89.5M	▲2.01%	3.96% ▼
7	Galaxy Digital	1	$50.0M	0%	2.21% ▼
8	Franklin Templeton Benji Investments	1	$36.1M	▲13.70%	1.60% ▲
9	Republic	1	$16.4M	▼6.78%	0.73% ▼
10	Asseto	1	$15.3M	▼0.28%	0.68% ▼

Avalanche (All Chains)BETA

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Metric