Archax

RedSwan Digital Real Estate

Circle

KAIO

MB | Mercado Bitcoin

Xfers Pte Ltd

cSigma Finance

Swarm

Real Estate

US Treasury Debt

Stablecoins

Cryptocurrencies

Specialty Finance

Active Strategies

non-US Government Debt

Corporate Credit

Stocks

Canary Capital

abrdn Investments

BlackRock

FIL Investment Management (Luxembourg) S.a.r.l

Laser Digital

State Street Investment Management

LGIM Managers (Europe)

Brevan Howard Investment Management

Commodities

Hedera is a fully open-source public ledger powered by the hashgraph consensus algorithm, designed for fast, fair, and secure transactions with low fees and high throughput. It supports smart contracts, tokenization, and consensus services, and is governed by a global council of leading institutions with a strong focus on decentralization, transparency, and energy efficiency.

Swarm X

Libre SAF VCC

abrdn Liquidity Fund

Institutional Cash Series plc

Fidelity Institutional Liquidity Fund plc

Legal & General Investment Management Limited

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 Altus Opportunity Fund blends opportunistic (i.e. distressed) and value-add properties with cash-flowing investments in order to provide investors with both current yield and upside potential. By combining these two strategies (growth equity and cash flow) into the same vehicle, the Fund is structured to provide both current returns and strong equity growth. Altus has a track record that far exceeds many of its industry peers. Since 2011, Altus has achieved a realized deal-level 33.22% IRR. The goal of this Fund is to scale all of Altus’ collective experience into a vehicle that will provide enhanced investment efficiency.

Altus Opportunity Fund, LLC

Diamond Standard is the creator of the world's 1st digitally tradable diamond commodity in the forms of fungible coins and bars that are tokenized and can be transacted on-chain when held at an approved custodian.  The diamond commodity and the digital tokens were developed under regulatory supervision of the Bermuda Monetary Authority and are approved for futures and options trading in the US. Diamond Standard commodities are held by both retail and institutional investors, either directly, or via registered funds.

Diamond Standard

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

Marquis Hamptons, LLC

602 Avenida Victoria, LLC & 612 Avenida Victoria, LLC

Maidstone Realty, LLC

Drifter Nola, LLC

Olympus Capital Real Estate, LLC

RS Carmen Hotel, LLC

Worldview Panama Corp.

Canary Capital is a Nashville-based digital asset-focused investment firm that sponsors crypto ETFs and private placement trusts.

United States of America

Germany

Singapore

Ireland

Luxembourg

European Union

Hedera

Swarm is a Germany-based tokenization platform regulated by the Federal Financial Supervisory Authority (BaFin). 

Mercado Bitcoin is the largest crypto exchange in Brazil and the largest issuer of digital fixed income in Latin America. They set up the first digital investment bank in Brazil.

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.

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.

Archax is an FCA regulated digital asset exchange, broker and custodian, based in London. Founded by capital markets experts, Archax offers the credible bridge between blockchain and traditional finance, supporting a range of assets including cryptocurrencies and regulated tokenised real-world assets. Archax supports the full digital asset lifecycle from token issuance and distribution through to trading and custody.

RedSwan converts real estate ownership into digital tokens, unlocking liquidity and democratizing access. Operating at the intersection of real estate, blockchain, and digital asset securities, RedSwan transforms traditional real estate investments into liquid, tradable assets.
As a fully SEC and FINRA-licensed platform, RedSwan ensures compliance, security, and accessibility for investors.

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

Fireblocks

cSigma Finance brings businesses directly onto the blockchain as borrowers, eliminating intermediaries entirely. We've tokenized over $80 million in business loans across vetted institutional borrowers in construction, trade finance, AI, and insurance sectors throughout the US, EU, and Asia.

Our approach delivers 15-18% fixed-rate APR from actual business operations while eliminating layers of fees that eat into returns of lenders and increase the cost of capital for borrowers. Our AI-driven credit intelligence provides transparent access to institutional-grade private credit opportunities previously reserved for large institutions.

abrdn Liquidity Fund (Lux) - Sterling Fund

abrdn Liquidity Fund (Lux) – US Dollar Fund

Fidelity ILF - The United States Dollar Fund

Libre SAF VCC - Access Private Credit Feeder A

BLIPAY04 - BLIPAY COMPANHIA SECURITIZADORA S.A.

KAIO Blackrock ICS US Dollar Liquidity Fund

Capri Hotel Southampton - Equity Tranche 1

Swarm Trump Media & Technology Group Corp.

FATTOR02 - FATTOR CRÉDITO MERCANTIL S.A.

MBCREDIT15 - MERCADO BITCOIN SERVIÇOS DIGITAIS LTDA.

MBCREDSB15 - MERCADO BITCOIN SERVIÇOS DIGITAIS LTDA.

KAIO Hamilton Lane Senior Credit Opportunities Fund

Swarm Shares $ Treasury Bond 0-1yr UCITS ETF (USD Acc)

Swarm iShares $ Treasury Bond 1-3yr UCITS ETF

TOKENMB12 - MERCADO BITCOIN SERVIÇOS DIGITAIS LTDA.

TOKENMB13 - MERCADO BITCOIN SERVIÇOS DIGITAIS LTDA.

TOKENMB14 - MERCADO BITCOIN SERVIÇOS DIGITAIS LTDA.

The base protocol where the token is deployed

The total outstanding principal amount in dollars.

The total outstanding capital amount in dollars.

The total amount of idle capital in dollars.

The current market value of the asset in dollars.

The total value of daily burns in dollars.

The total dollar volume of daily transfers.

The net asset value of the asset in dollars.

The available financial capacity of the asset in dollars.

The total principal amount paid, in dollars.

The total principal amount written off, in dollars.

The total dollar value of recovered assets.

The cumulative total of principal repaid, in dollars.

The total cumulative interest earned, in dollars.

The maximum financial capacity of the asset in dollars.

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

The current price of the asset in dollars.

The value of circulating assets in dollars.

The market value of circulating assets in dollars.

The total dollar volume of weekly transfers.

The total dollar volume of monthly transfers.

The dollar volume of transfers in the last 7 days.

The dollar volume of transfers in the last 30 days.

The total supply of tokens currently available.

The current circulating supply of tokens associated with the asset.

The total number of loans funded through the asset.

The current number of active loans associated with the asset

The total number of loans that have defaulted.

The number of active addresses interacting with the asset daily.

The daily count of unique holders of the asset.

The number of active addresses interacting with the asset weekly.

The number of active addresses interacting with the asset monthly.

The number of active addresses interacting with the asset quarterly.

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	Archax	8	$79.8M	▼4.89%	61.78% ▲
2	Circle	1	$39.0M	▼6.85%	30.17% ▼
3	KAIO	5	$10.4M	▲0.72%	8.02% ▲
4	Xfers Pte Ltd	1	$38,778.8	▼1.40%	0.03% ▲
5	cSigma Finance	2	$2,551.6	▲0.89%	0.00% ▲
6	Swarm	38	$116.9	▼9.83%	0.00% ▼
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HederaBETA

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Metric