US Treasury Debt

Private Credit

Stablecoins

Public Equity

Real Estate

non-US Government Debt

The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency purpose-built for payments. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It's more than just a blockchain – it's a global developer community dedicated to transforming future business solutions. Learn more and build your business with confidence at XRPL.org.

About VERT We are the all-in-one service provider for a new capital market. VERT operates in the capital market offering complete financial services for structured operations. From structuring and securitization of a wide range of instruments to fund management and administration — an area in which the company stands out, ranking among the top positions in renowned industry rankings — VERT creates the best connection between originators and investors in the agribusiness, fintechs, real estate and trade credit sectors.

VERT Capital

Standard Custody & Trust Company

Treasury Bills Institutional Liquidity Limited is a registered Professional Fund established under the British Virgin Islands Securities and Investment Business Act 2010 and regulated by the British Virgin Islands Financial Services Commission. It is the issuer of the TBILL token, which is backed by short-duration U.S. Treasury Bills.

Treasury Bills Institutional Liquidity Limited

Montis Group Limited

Ondo I

abrdn Liquidity Fund

Great Bridge Capital Company, LLC (Great Bridge) is a fully supported, multiseller asset-backed commercial paper (ABCP or CP) program established in June 2014. Great Bridge is structured as a bankruptcy-remote, special-purpose Delaware limited liability company. Its primary purpose is to purchase assets and make loans secured by interests in various financial assets and other eligible securities by issuing CP with maturities of up to 397 days. Guggenheim Treasury Services, LLC (GTS) serves as the program’s manager, The Bank of New York Mellon (BNYM) serves as the program’s Issuing and Paying Agent (IPA).

Great Bridge

The Dubai Land Department (DLD) is the Dubai Government entity responsible for the registration, organization, and promotion of real-estate investments in Dubai. The department aims to provide an attractive environment for investment by implementing international standards across the real estate sector, particularly in terms of land registration procedures. DLD’s responsibilities also include improving the sector’s monitoring and control functions, overseeing and developing its leasing regulations, and encouraging investment through the establishment of an effective enabling environment. The department’s vision is to position Dubai as the world’s premier real estate destination and as a byword for innovation, trust, and happiness.

Dubai Land Department

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

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

United States of America

Luxembourg

United Kingdom

British Virgin Islands

XRP Ledger

RLUSD

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

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.

Archax

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

Ondo

Zeconomy’s mission is to enhance the value, utility, and returns of traditional financial products through blockchain technology. With top-tier security and compliance, its platform, AmpFi.Digital, delivers asset-backed, rated digital assets built on stable instruments like T-bills and commercial paper that can be transformed into new utility, higher returns, and unique opportunities for issuers, DeFi platforms, and corporate investors.

Zeconomy

Ctrl Alt is the go-to B2B infrastructure provider for alternative assets. We are dedicated to addressing the real-world challenges facing the financial sector today. From empowering asset owners to discover innovative ways to raise capital, to enabling investors to seamlessly allocate to alternative assets, we provide a comprehensive suite of solutions designed for simplicity, cost-efficiency, and innovation.

Ctrl Alt

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

abrdn Liquidity Fund (Lux) – US Dollar Fund

Sobha Creek Vistas Grande (DLD-25-TRE-S803)

AYKON CITY 3 - TOWER A/A4102, Business Bay, Dubai

DAMAC CITY TOWER B/B-1701, Al Wasl, Dubai

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.

#	Protocol	RWA Count	Total Value	30D%	Market Share
1	VERT Capital	4	$114.0M	▼0.29%	29.06% ▼
2	RLUSD	1	$85.9M	▲30.35%	21.89% ▲
3	OpenEden Digital	1	$75.5M	▲273.8%	19.23% ▲
4	Archax	3	$70.8M	▲0.78%	18.04% ▼
5	Ondo	1	$30.2M	▲0.32%	7.70% ▼
6	Zeconomy	1	$10.0M	0%	2.55% ▼
7	Ctrl Alt	7	$4.3M	▲12.33%	1.11% ▼
8	Circle	1	$1.6M	▼74.60%	0.40% ▼
9	Schuman Financial	1	$48,168.4	▼0.82%	0.01% ▼
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