Tokenization Platforms

Analyze key performance indicators across tokenization platforms powering tokenized real-world assets. Learn more about tokenized RWAs on the RWA.xyz Research Blog.

Distributed Asset Value

$32.40B

▼1.26%from 30d ago

Represented Asset Value

$357.70B

▲+5.23%from 30d ago

Stablecoin Value

$296.90B

▼3.00%from 30d ago

Total RWA Holders

928,269

▲+15.58%from 30d ago

Total Stablecoin Holders

265.82M

▲+3.73%from 30d ago

Total Platforms

186

Platform Metrics

Asset Type

Metric

Include Stablecoins

Include stablecoins, cash and cash-equivalents

Platform Asset Value

Include Stablecoins

Asset Type

Distributed assets use the blockchain as a distribution layer, enabling onchain investors to subscribe, hold, and manage assets directly through their own wallets or custodians.

as of 06/19/2026

Top Net Flows

As of 06/19/2026

Include Stablecoins

Distributed Platforms

173 Total

Platforms that issue tokens using the blockchain as a distribution layer, enabling onchain investors to subscribe, hold, and manage assets directly through their own wallets or custodians.

#	Name	RWA Count	RWA Total Value (Excl. Stablecoins)	RWA Holders	Offered Asset Classes	Supported Networks

#	Name	RWA Count	RWA Total Value (Excl. Stablecoins)	RWA Holders	Offered Asset Classes	Supported Networks
1	Securitize	22	$4,307,469,078 ▲	1,812 ▲	U.S. Treasuries Venture Capital+6 more	+6 more
2	Ondo	440	$3,789,509,899 ▼	152,723 ▲	U.S. Treasuries Stocks+6 more	+5 more
3	Circle	1	$3,071,601,617 ▲	47 ▼	Stablecoins U.S. Treasuries	+9 more
4	Tether Holdings	1	$2,530,992,247 ▼	56,213 ▼	Stablecoins Commodities
5	Franklin Templeton Benji Investments	4	$2,504,794,453 ▲	1,163 ▲	U.S. Treasuries
6	Paxos	1	$1,906,035,317 ▼	86,114 ▲	Stablecoins Commodities
7	Spiko	9	$1,818,928,601 ▲	8,529 ▲	Non-U.S. Government Debt Active Strategies+1 more
8	Centrifuge	8	$1,624,037,282 ▲	707 ▲	U.S. Treasuries Corporate Credit+2 more
9	Maple	4	$1,442,866,163 ▼	4,259 ▲	Asset-Backed Credit U.S. Treasuries
10	STOKR	9	$1,356,624,315 ▼	59 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
11	Libeara	14	$1,064,670,779 ▼	39 ▲	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Superstate	2	$1,000,786,163 ▼	153 ▼	U.S. Treasuries Active Strategies
13	WisdomTree	16	$830,760,093 ▼	2,683 ▲	U.S. Treasuries Stocks+2 more
14	xStocks	179	$519,047,338 ▲	247,988 ▲	Stocks Commodities+3 more	+1 more
15	Ctrl Alt	31	$505,840,327 ▲	3,861 ▲	Private Equity Commodities+2 more
16	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar
17	Hastra	1	$392,947,167 ▲	1,847 ▲	Asset-Backed Credit
18	Asseto	9	$315,186,166 ▼	71 ▲	Diversified Credit Active Strategies+3 more
19	Chainlink CCIP	3	$241,647,135 ▼	5,885 ▲	Asset-Backed Credit Stablecoins+1 more
20	OpenEden Digital	1	$214,222,428 ▲	44 ▲	U.S. Treasuries Stablecoins

Showing 1 to 20 of 173 results

Represented Platforms

21 Total

Platforms that issue tokens using the blockchain as a recordkeeping layer, enhancing transparency, reconciliation, and operational efficiency without enabling onchain investor transfer or distribution.

#	Name	RWA Count	RWA Total Value (Excl. Stablecoins)	Offered Asset Classes	Supported Networks

#	Name	RWA Count	RWA Total Value (Excl. Stablecoins)	Offered Asset Classes	Supported Networks
1	Broadridge DLR	—	$330,337,474,078 ▲	Repurchase Agreements	Canton
2	Figure	2	$19,006,238,451 ▲	Asset-Backed Credit Stablecoins+1 more
3	Justoken	6	$2,835,716,213 ▼	Commodities Specialty Finance
4	Tradable	48	$2,150,865,584 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
5	CRX Digital Assets	17	$600,301,222 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
6	PACT	7	$575,524,224 ▲	Asset-Backed Credit Corporate Credit	Aptos
7	VERT Capital	9	$450,810,641 ▼	Corporate Credit Asset-Backed Credit	XRP Ledger
8	Ctrl Alt	31	$400,220,606 ▲	Private Equity Commodities+2 more
9	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
10	Tokeny by Apex	3	$283,972,388 △	Active Strategies
11	MB \| Mercado Bitcoin	813	$260,505,496 ▼	Asset-Backed Credit Specialty Finance+1 more	R
12	Fidelity Investments	1	$144,195,018 ▲	U.S. Treasuries	Ethereum
13	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
14	Alphaledger	1,425	$125,856,305 ▼	Specialty Finance Active Strategies	Solana
15	Sygnum Bank	2	$23,758,582 ▼	U.S. Treasuries
16	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
17	Robinhood	1,778	$19,296,170 ▲	Stocks Commodities+8 more	Arbitrum
18	MetaWealth	10	$2,140,000 △	Real Estate
19	TrueFi	1	$1 △	U.S. Treasuries	Ethereum
20	Wavist	1	$0 △	Specialty Finance	Ethereum

Showing 1 to 20 of 21 results

Stablecoin Platforms

97 Total

Platforms that issue stablecoins or synthetic assets designed to represent the value of national currencies (e.g., the U.S. dollar), facilitating onchain payments, settlement, and liquidity.

#	Name	Stablecoin Asset Count	Stablecoins Market Cap	Stablecoin Holders	Offered Asset Classes	Supported Networks

#	Name	Stablecoin Asset Count	Stablecoins Market Cap	Stablecoin Holders	Offered Asset Classes	Supported Networks
1	Tether Holdings	5	$175,014,468,249 ▼	132,198,390 ▲	Stablecoins Commodities
2	Circle	2	$71,221,479,057 ▼	31,916,233 ▲	Stablecoins U.S. Treasuries	+9 more
3	Binance Bridge	3	$11,048,937,989 ▲	70,776,844 ▲	Stablecoins	BNB Chain
4	Sky	1	$7,557,717,681 ▼	24,342 ▼	Stablecoins
5	BitGo	2	$4,863,752,568 ▲	370,421 ▼	Stablecoins
6	Ethena	3	$4,552,434,108 ▲	60,950 ▼	Stablecoins
7	Paxos	5	$3,988,317,538 ▼	538,729 ▼	Stablecoins Commodities
8	MakerDAO	1	$3,538,372,482 ▼	632,971 ▲	Stablecoins	Ethereum
9	Polygon Bridge	2	$1,773,094,826 ▼	7,052,677 ▲	Stablecoins	Polygon
10	Anchorage Digital Bank	5	$1,758,094,653 ▲	299,266 ▼	Stablecoins
11	RLUSD	1	$1,630,757,119 ▼	57,081 ▲	Stablecoins
12	Falcon Finance	1	$1,409,875,097 ▼	7,050 ▼	Stablecoins
13	Arbitrum L1 Custom Gateway	2	$1,030,665,278 ▲	5,918,165 ▲	Stablecoins	Arbitrum
14	USDT0	1	$899,723,565 ▲	8,095,947 ▲	Stablecoins	Polygon
15	Aave	1	$598,205,685 ▲	7,021 ▲	Stablecoins	Ethereum
16	Figure	1	$564,488,083 ▲	3,637 ▲	Asset-Backed Credit Stablecoins+1 more
17	Usual	1	$552,910,385 ▼	123,147 ▼	Stablecoins	Ethereum
18	Solstice	1	$507,935,927 ▲	15,330 ▼	Stablecoins	Solana
19	Frax Finance	2	$349,998,051 ▼	12,389 ▲	Stablecoins	+2 more
20	M0	1	$313,228,633 ▲	83 △	Stablecoins

Showing 1 to 20 of 97 results

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