Circle

Cygnus Finance

Groma

Franklin Templeton Benji Investments

Spiko

Chainlink CCIP

T-RIZE Group

Streamex Ltd.

Centrifuge

BCP Technologies

Anzen

AUDC Pty Ltd

Transfero

Brale

Dinari

AllUnity

RealtyX

Stargate

Etherfuse

Midas

Fireblocks

xStocks

Ethena

WisdomTree

Stablecoins

Real Estate

US Treasury Debt

Asset-Backed Credit

non-US Government Debt

Active Strategies

Commodities

Stocks

Corporate Credit

Cryptocurrencies

Diversified Credit

Groma Advisor, LLC

Franklin Templeton

Maple Protocol Pool Operations

Concept Habitation Duo Inc.

Twenty First Capital

Anemoy

Resolv

WisdomTree Digital Management

Base is an Ethereum Layer 2 network built by Coinbase. It utilizes optimistic rollups to provide features like native support for Ethereum Virtual Machine (EVM) compatibility and a user-friendly developer experience. The Base network aims to drive mainstream adoption of Ethereum by offering improved scalability and reduced gas fees compared to the Ethereum mainnet.

Backed Assets

WisdomTree Short-Term Treasury Digital Fund

Protocol Pool Operations is Maple’s affiliated operator that runs institutional lending pools and cash-management vehicles on the Maple protocol, handling underwriting, risk, and day-to-day administration. In practice, it serves as the pool delegate/manager for Maple’s flagship products.

WisdomTree Floating Rate Treasury Digital Fund

WisdomTree Long Term Treasury Digital Fund

WisdomTree 7-10 Year Treasury Digital Fund

WisdomTree 3-7 Year Treasury Digital Fund

WisdomTree TIPS Digital Fund

WisdomTree Government Money Market Digital 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.

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

AUDC is the issuer of the AUDD – Australian Digital Dollar, a 1:1 AUD-backed stablecoin. AUDC's technology delivers fast, cost-effective payments for businesses, institutions, and various use cases.

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

Transfero enables global companies to access the numerous opportunities in the Latin American market seamlessly and without bureaucracy.  

We connect the banking, crypto, and financial systems, providing the necessary infrastructure for companies that want to offer financial services to their individual and institutional clients.

Midas is a tokenisation platform building institutional-grade financial products for the open web. Its ERC-20 tokens are structured to track dedicated strategies with verifiable on-chain performance, combining TradFi-grade standards with DeFi composability.

Midas is backed by leading investors like Framework Ventures, BlockTower Capital, and GSR, and partners with regulated custodians to ensure strong compliance and risk controls.

Dinari Securities Backed Tokens (dShares) provide direct exposure to the world's most trusted assets such as Google and Apple shares.

Anzen is the issuer of USDz, an on-chain dollar backed by cash-flowing, overcollateralized real world assets (RWA). It is permissionless, composable, and can be staked to earn rewards.

Spiko is building a tokenization platform to issue, manage and distribute securities on distributed ledger technologies. The first securities tokenized through Spiko are the world’s first fully-licensed tokenized money market funds, accessible via any Web3 wallet compatible with the Ethereum virtual machine.

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.

T-RIZE is an institutional-grade RWA tokenization platform using privacy-preserving onchain intelligence for data-driven asset insights. It connects to institutional networks and distribution channels for secure, compliant asset distribution.

OpenEden Digital ("OED") is a Bermuda Monetary Authority ("BMA") licensed digital asset issuer. OED operates under a Digital Assets Business License issued by the BMA permitting it to issue, sell or redeem virtual coins, tokens or any other form of digital asset. OED is a wholly owned subsidiary of OpenEden Group ("OEG").

OpenEden Digital

Our mission is to bring access to sovereignn debt by leveraging blockchain technology to lower barriers to ownership and empower individuals worldwide.

WisdomTree 500 Digital Fund

WisdomTree Technology & Innovation 100 Digital Fund

WisdomTree Siegel Global Equity Digital Fund

WisdomTree Siegel Moderate Digital Fund

WisdomTree Siegel Longevity Digital Fund

WisdomTree Short-Duration Income Digital Fund

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

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

AllUnity is a regulated e-money institute building Europe’s digital payments infrastructure for
instant cross-border payments, digital asset markets, and seamless liquidity flows. Established
by DWS, Flow Traders, and Galaxy, AllUnity delivers fully backed, MiCAR-compliant stablecoins
(EURAU and CHFAU) that provide regulatory certainty and robust reserve backing for secure,
frictionless capital movement across markets.

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

Trustless stablecoin and low-risk crypto investments backed by the True-Delta Neutral Architecture.

Resilience BVI Ltd.

Anchorage Digital Bank, N.A. is the first federally chartered U.S. crypto bank, approved by the Office of the Comptroller of the Currency in January 2021 as a national trust bank. It provides institutions with qualified-custody, staking, trading, governance, and settlement services under the Anchorage Digital umbrella.

Anchorage Digital Bank

RealtyX brings RWAs onchain – starting with real estate, offering yield-generating opportunities backed by tangible assets through the power of DeFi, giving global investors access to efficient, transparent, and stable investment solutions.

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

Groma Real Estate Trust

Streamex Ltd. is a Cayman Islands exempted limited company incorporated on October 24, 2025 pursuant to the Companies Act (as amended) of the Cayman Islands (the “Companies Act”) for the sole purpose of pursuing the following objectives: (i) purchase, hold, and sell unleased gold and (ii) lease its gold holdings in accordance with its Gold Leasing Program.

DeFi protocol on Base that issues cgUSD—an interest-bearing stablecoin backed by short-term U.S. Treasuries—with a cross-chain Liquidity Verification System and an “Instagram app layer” for onboarding.

United States of America

Germany

British Virgin Islands

Liechtenstein

Cayman Islands

Bermuda

Australia

United Kingdom

Switzerland

France

The Bahamas

European Union

Base

Maple Finance is an institutional crypto-capital network that provides the infrastructure for credit experts to efficiently manage and scale loan portfolios.

Maple

xStocks issues tokens that track major financial instruments (S&P500, T-bills, TSLA, AAPL, etc.) on public blockchains. The tokens are fully backed by the underlying assets.

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.

Groma is a vertically integrated real estate investment, development and management company combined with a tech startup building tools to provide better outcomes for our investors, tenants and the communities we serve.

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.

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.

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

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.

Anemoy Tokenized Apollo Diversified Credit Fund

Advanced Micro Devices, Inc. Common Stock

Arm Holdings plc American Depositary Shares

AstraZeneca PLC American Depositary Shares

Franklin OnChain U.S. Government Money Fund

Coinshares Bitcoin ETF Common Shares of Beneficial Interest

Coinbase Global, Inc. Class A Common Stock

Costco Wholesale Corporation Common Stock

Robinhood Markets, Inc. Class A Common Stock

State Street SPDR Nuveen ICE High Yield Municipal Bond ETF

Meta Platforms, Inc. Class A Common Stock

SELLAS Life Sciences Group, Inc. Common Stock

The base protocol where the token is deployed

The total outstanding principal amount in dollars.

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The current market value of the asset in dollars.

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The total dollar volume of weekly transfers.

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The dollar volume of transfers in the last 7 days.

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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 current number of active loans associated with the asset

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The daily count of unique holders of the asset.

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The number of active addresses interacting with the asset monthly.

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The number of active addresses interacting with the asset annually.

The daily count of transactions involving the asset.

The number of transfers in the last 7 days.

The number of transfers in the last 30 days.

#	Platform	RWA Count	Total Value	30D%	Market Share
1	Circle	2	$4.5B	▲3.91%	93.59% ▲
2	Cygnus Finance	1	$71.3M	▼0.30%	1.48% ▼
3	Groma	1	$68.2M	▲0.93%	1.42% ▼
4	Franklin Templeton Benji Investments	1	$58.9M	▲0.29%	1.22% ▼
5	Spiko	9	$37.6M	▲17.73%	0.78% ▲
6	Chainlink CCIP	2	$28.3M	▼82.02%	0.59% ▼
7	Streamex Ltd.	1	$13.9M	▼1.43%	0.29% ▼
8	Centrifuge	7	$8.1M	▲27.16%	0.17% ▲
9	BCP Technologies	1	$7.9M	▲535.5%	0.16% ▲
10	Anzen	1	$6.6M	▼28.10%	0.14% ▼

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