Ondo

Centrifuge

MB | Mercado Bitcoin

Nest

WisdomTree

Superstate

OpenTrade (Perimeter Protocol)

Matrixdock

Mineral Vault

Midas

US Treasury Debt

Institutional Alternative Funds

Private Credit

Commodities

Corporate Bonds

Structured Credit

Actively-Managed Strategies

Public Equity

Apollo Global Management

WisdomTree Digital Management

Five Sigma

Federated Hermes

Mineral Vault LLC

Circle

Nucleus

Stargate

Cross-Chain Interoperability Protocol (CCIP)

Elixir

Stablecoins

Plume Network is the first full-stack L1 RWA Chain and ecosystem purpose-built for RWAfi, enabling the rapid adoption and demand-driven integration of real world assets. With 180+ projects building on the network, Plume offers a composable, EVM-compatible environment for onboarding and managing diverse real world assets. Coupled with an end-to-end tokenization engine and a network of financial infrastructure partners, Plume simplifies asset onboarding and enables seamless DeFi integration for RWAs.

USDY (US Dollar Yield Token) is a tokenized note secured by short-term US Treasuries and bank demand deposits. USDY is accessible to non-US individual and institutional investors and is designed to combine the accessibility of a stablecoin with high-quality, US dollar-denominated yield.

Creating a product that meets these requirements while also complying with applicable US laws and regulations does impose some limitations, however. For example, although you start earning interest as soon as we process your deposit, note that we can only mint your transferable USDY tokens between 40-50 days later (depending upon exactly when you invest). Furthermore, we can only redeem to USD via bank wire to non-US bank accounts.

USDY comes in two versions: an “accumulating” version (USDY) whose per-token price increases as yield accrues, and a “rebasing” version (rUSDY) whose price remains at US$1.00. Whereas the price of USDY tokens increases as the value of the underlying assets increase, with rUSDY you simply receive more rUSDY in your wallet; in effect the yield on the underlying assets accrues in the form of additional rUSDY tokens. For example, if you acquired 100 rUSDY tokens when the price per token of USDY was $1.00 – and then the price per token of USDY increased to US$1.01, the price per token of rUSDY would remain at $1.00, but your wallet would now hold 101 rUSDY tokens. This ‘rebasing’ happens automatically when the USDY price is updated each business day.

You can easily and instantly convert back and forth between USDY and rUSDY on our website at any time.

Ondo USDY

WisdomTree Short-Term Treasury Digital Fund

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.

Anemoy

Superstate Asset Trust

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

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.

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

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

M0 is the universal platform powering builders of application-specific stablecoins. With M0, developers can build safe, programmable and interoperable digital dollars.

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

Institutional-Grade Yield from Real-World Assets

Earn market-leading APYs from all RWAs on Plume Network. Start growing your wealth today with strategies designed for everyone.

Mineral Vault I Ltd, a BVI Business Company, has financial interest in over 2,500 actively-producing oil & gas wells spread across over 10,000 gross acres and 9 states of the continental United States, for a term of 15 years. The MNRL token represents the first ever tokenization of oil & gas property interests in history, and targets term IRR of 10.12% annually with a target multiple on invested capital of 1.92x.  Assets provide token holders with immediate cash flow, paid monthly via direct-to-wallet stablecoin distributions, as well as the opportunity for additional financial upside associated with the properties in the event that additional wells are drilled or existing wells are re-worked to improve production. Token holders can also expect direct exposure to the energy sector via commodity prices for crude oil, natural gas, and other hydrocarbons being produced and sold from the wells each month.  These commodity prices are also a natural hedge against inflation.  Token holders will enjoy a headache-free, passive investment, as all asset management activities are handled by the experienced team at Mineral Vault.

BitGo

WisdomTree Private Credit and Alternative Income Digital Fund

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

BDACS

Founded in February 2023 by Matrixport, Matrixdock is Asia’s Real World Assets (RWA) leader that modernizes financial instruments and offers access to premium RWA through advanced tokenization technology. As the first in Asia to introduce a tokenized short-term treasury bill product, STBT, Matrixdock has rapidly emerged as Asia’s RWA leader, earning the Ecosystem Excellence TADS Award in 2023 for Trading & Liquidity Solutions. 

In 2024, Matrixdock introduced tokenized gold, XAUm, an ERC-20 token fully backed by 99.99% purity gold, offering investors a trusted and transparent digital asset tied to London Bullion Market Association (LBMA) accredited gold. The gold reserves backing XAUm are securely held in Brink’s high-security, fully insured vaults in Singapore and Hong Kong, enabling physical redemption. 

Matrixdock is dedicated to becoming the gateway for clients seeking blue-chip RWA investments. With a steadfast focus on building a trusted and secure RWA ecosystem for crypto, Matrixdock provides diversified investment opportunities while setting new standards for trust and governance in the digital asset space.

United States of America

British Virgin Islands

Republic of the Marshall Islands

Plume

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.

Nucleus is an asset management and structured product tokenization platform that services L1s, L2s, DeFi protocols, and asset issuers in the crypto ecosystem. Nucleus enables its clients to create structured products that interact with on-chain protocols and off-chain financial systems. The platform automates the tokenization of the product as an ERC-20 asset and can facilitate issuance, redemption and asset management within multiple blockchains simultaneously.

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

Ondo provides institutional-grade, blockchain-enabled investment products, from government bonds to high-yield bonds.

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.

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.

Superstate is an investment manager with US registered mutual funds that offers shares on the blockchain

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.

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

BLIPAY01 - BLIPAY COMPANHIA SECURITIZADORA S.A.

CARTAO13 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO14 - COONEX PRODUTOS E SOLUCOES LTD


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CARTAO20 - UP VENDAS GESTAO DE PAGAMENTOS S.A.

CARTAO21 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO22 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO23 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO25 - UP VENDAS GESTAO DE PAGAMENTOS S.A.

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CARTAO31 - UP VENDAS GESTAO DE PAGAMENTOS S.A.

CARTAO32 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO33 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO34 - UP VENDAS GESTAO DE PAGAMENTOS S.A.

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CARTAOCX01 - COONEX PRODUTOS E SOLUCOES LTD


CARTAOCX02 - COONEX PRODUTOS E SOLUCOES LTD


CARTAOSB13 - COONEX PRODUTOS E SOLUCOES LTD


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CARTAOSB38 - COONEX PRODUTOS E SOLUCOES LTD


CARTAOSB44 - COONEX PRODUTOS E SOLUCOES LTD


CONSRC61 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC62 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC63 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC64 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC65 - Aith, Badari e Luchin Sociedade de Advogados

CONSRC66 - Aith, Badari e Luchin Sociedade de Advogados

CONSRC68 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC69 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC70 - BRADESCO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC71 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC72 - BRADESCO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC74 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC75 - CONSORCIO NACIONAL VOLKSWAGEN - ADMINISTRADORA DE CONSORCIO LTDA

CONSRC76 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC77 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC78 - RANDON ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC79 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC80 - PORTO SEGURO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC81 - BRADESCO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC82 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRCSB65 - Aith, Badari e Luchin Sociedade de Advogados

CONSRCSB66 - Aith, Badari e Luchin Sociedade de Advogados

CONSRCSB70 - BRADESCO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRCSB72 - BRADESCO ADMINISTRADORA DE CONSORCIOS LTDA

DUPLCT01 - COMPANHIA SECURITIZADORA X S.A.

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	Ondo	1	$110.8M		46.01% △
2	Centrifuge	1	$51.0M	▲0.11%	21.17% ▼
3	Nest	11	$17.0M	▼39.17%	7.07% ▼
4	Circle	1	$13.2M	▲39.32%	5.49% ▲
5	Nucleus	1	$12.6M	▲34.37%	5.25% ▲
6	WisdomTree	14	$10.1M	▼8.07%	4.19% ▼
7	Superstate	2	$9.2M	▼59.53%	3.80% ▼
8	OpenTrade (Perimeter Protocol)	3	$9.1M	▲58.30%	3.76% ▲
9	Matrixdock	1	$4.9M	▲12.28%	2.02% ▼
10	Mineral Vault	1	$1.7M	▲2.11%	0.69% ▼

PlumeBETA

Asset Type

Metric