Spiko

Franklin Templeton Benji Investments

Bitbond

Circle

Ondo

RedSwan Digital Real Estate

WisdomTree

Societe Generale - FORGE

Etherfuse

NYALA

Centrifuge

MB | Mercado Bitcoin

Paxos

AUDC Pty Ltd

Stasis

GMO Trust

Brale

Mesh

M1X Global

US Treasury Debt

non-US Government Debt

Corporate Credit

Stablecoins

Active Strategies

Real Estate

Stocks

Private Equity

Asset-Backed Credit

Commodities

Diversified Credit

Franklin Templeton

Twenty First Capital

Anemoy

WisdomTree Digital Management

Stellar is an open-source, decentralized blockchain network designed to facilitate fast and low-cost cross-border transactions between any pair of currencies or assets. Launched in 2014 by Jed McCaleb, it uses a unique Stellar Consensus Protocol and its native cryptocurrency XLM (Lumens) to bridge traditional financial systems with digital currencies, enabling efficient global payments and remittances.

EURS is the largest Euro-backed digital asset, combining the benefits of the world’s second most traded currency with the transparency, immutability, and efficiency of the blockchain.

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.

Paxos is a regulated blockchain company that transforms financial infrastructure using technology to tokenize, custody, trade, and settle assets for major clients like PayPal and Bank of America, striving for a more inclusive economy.

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.

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.

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.

WisdomTree Digital Holdings

GMO Trust was established in 2020 and is a wholly-owned subsidiary of GMO Internet Group Inc. Regulated by the New York Department of Financial Services, GMO Trust empower businesses and individuals worldwide with financial-grade digital assets.

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.

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

Mesh is a digital capital markets platform for raising capital and trading capital markets assets. It is a multisided platform that connects issuers and investors directly to each other in a trusted way, facilitating easy interaction as well as secure, efficient and cost-effective trade. 

Using the best of leading-edge blockchain technology, Mesh has removed many of the traditional barriers to entry, eliminated excessive participation costs, and made capital raising and investing much more efficient for all market participants.

Mesh Trade SA (Pty) Ltd is a licensed Financial Services Provider (53710) and an Accountable Institution registered with the Financial Intelligence Centre.

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.

AllUnity

Goldman Investments R&B Towers Owner LP

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

WisdomTree Private Credit and Alternative Income Digital Fund

Bitbond is the leading tokenization infrastrcuture provider – our no-code smart contract generator Token Tool serves thousands of users globally.

Societe Generale - FORGE (SG-FORGE) is the digital-asset arm of Société Générale, a fully regulated subsidiary that builds institutional-grade blockchain infrastructure to issue and manage tokenized financial products on blockchains.

Realiz is a Luxembourg-based securitization fund revolutionizing traditional finance through blockchain and DeFi.
We structure financial products for SMEs, tokenizing them as real-world assets (RWAs) to unlock private credit and enable seamless on-chain trading.
This bridges regulated securitization with digital markets, providing wealth managers, family offices, UHNWI, and retail investors access to liquid, high-yield, diversified opportunities.
Our mission unites structured finance expertise with tokenization and DeFi integration, democratizing premium investments via compliant, low-entry digital securities.
Backed by strategic partnerships and a robust distribution network, Realiz delivers secure, transparent, and innovative portfolio enhancement.

realiz digital assets fund

The Republic of the Marshall Islands (RMI) is a sovereign Pacific island nation operating under a fully dollarized economy through its Compact of Free Association with the United States. The RMI is the issuer of USDM1, the first digital secured sovereign debt instrument issued natively on the blockchain, backed one-to-one by short-dated U.S. Treasuries. The instrument is issued under New York law, with collateral held by an independent US-based trustee. 


Government of the Republic of the Marshall Islands

Cometum

United States of America

Germany

British Virgin Islands

Liechtenstein

Australia

Switzerland

France

Luxembourg

Republic of the Marshall Islands

European Union

Stellar

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

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.

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.

Stablecorp Digital Currencies Inc. 

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.

NYALA is a tokenization platform that covers the full lifecycle of digital assets, from issuance and distribution to transfers and interests payouts on-chain. It is licensed to issue fully regulated tokenized securities in the European Union such as bonds and equities.

Furthermore, NYALA's co-listing network connects issuers to distribution channels. We connect issuers, crowdfunding and online investment platforms with each other, which allows them to source more projects and distribute digital assets on several platforms at once to tap into new investor bases. 

NYALA is headquartered in Berlin, Germany.

M1X partners with governments to unlock new applications of blockchain technology across public sector programs and institutional markets.

In the Republic of the Marshall Islands, M1X helped the government design and implement USDM1 - a sovereign, USD-denominated, Treasury-backed financial instrument natively issued on blockchain rails - delivering quarterly Universal Basic Income disbursements across one of the world's most challenging geographies with 24/7 settlement.

The same characteristics enabling trusted benefit delivery also expand market access, allowing USDM1 to function as dual-recourse sovereign collateral for on-chain capital markets.

ACREDIT06 - TRAVESSIA ASSESSORIA FINANCEIRA LTDA.

Franklin OnChain U.S. Government Money Fund

BRPL01 - BP EDUCACAO E ENTRETENIMENTO S.A.

CHILLI09 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

CHILLI10 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

CHILLI11 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

Capri Hotel Southampton - Equity Tranche 1

WisdomTree Equity Premium Income Digital Fund

DeFi Janus Henderson Anemoy AAA CLO Fund Token

DeFi Janus Henderson Anemoy Treasury Fund Token

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.

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The total dollar value of recovered assets.

The cumulative total of principal repaid, in dollars.

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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.

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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.

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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 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.

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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	Spiko	9	$752.8M	▲26.98%	39.28% ▲
2	Franklin Templeton Benji Investments	1	$641.4M	▼1.55%	33.46% ▼
3	Circle	2	$273.2M	▲1.85%	14.25% ▼
4	Ondo	1	$124.0M	▲0.28%	6.47% ▼
5	WisdomTree	16	$37.1M	▲8.25%	1.94% ▼
6	Societe Generale - FORGE	1	$23.5M	▲1.54%	1.22% ▼
7	Etherfuse	5	$17.6M	▲7.94%	0.92% ▼
8	NYALA	1	$17.1M	0%	0.89% ▼
9	Centrifuge	4	$15.1M	▲199.8%	0.79% ▲
10	Paxos	1	$7.4M	▼0.03%	0.39% ▼

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