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

$38.55B

▼0.69%from 30d ago

Represented Asset Value

$368.13B

▲+6.39%from 30d ago

Stablecoin Value

$304.55B

▲+1.82%from 30d ago

Total RWA Holders

4,495,077

▲+77.61%from 30d ago

Total Stablecoin Holders

290.03M

▲+3.26%from 30d ago

Total Platforms

210

Platform Metrics

Platform Asset Value

Asset Type

Include StablecoinsStablecoins, cash and cash-equivalents

as of 09/19/2026

Top Net Flows

As of 09/19/2026

Include Stablecoins

Tokenization Platforms

199 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	26	$4,636,196,493 ▼	1,878 ▲	U.S. Treasury Funds Venture Capital+7 more	+8 more
2	Ondo	441	$3,627,455,341 ▲	484,337 ▲	U.S. Treasury Funds Stocks+7 more	+6 more
3	Tether Holdings	1	$2,688,086,290 ▼	141,099 ▼	Stablecoins Commodities
4	Spiko	9	$2,597,479,071 ▲	15,927 ▲	Active Strategies Non-U.S. Government Debt+1 more
5	Circle	1	$2,506,143,144 ▼	36 ▼	Stablecoins U.S. Treasury Funds	+10 more
6	Franklin Templeton Benji Investments	4	$2,458,619,479 ▼	1,191 ▲	U.S. Treasury Funds
7	Paxos	1	$1,888,717,169 ▼	111,529 ▲	Stablecoins Commodities
8	STOKR	9	$1,546,776,989 ▲	62 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
9	Ethena	1	$1,342,953,020 ▼	18,073 ▲	Stablecoins Active Strategies
10	WisdomTree	16	$1,271,448,184 ▲	2,579 ▲	U.S. Treasury Funds Stocks+2 more
11	Centrifuge	9	$1,240,476,422 ▼	1,343 ▲	Corporate Credit U.S. Treasury Funds+2 more	+2 more
12	Maple	4	$1,004,690,076 ▲	4,492 ▲	Asset-Backed Credit U.S. Treasury Funds
13	Kinexys Digital Assets	2	$903,262,828 ▼	9 ▲	U.S. Treasury Funds	Ethereum
14	Libeara	14	$810,728,769 ▼	37 ▼	U.S. Treasury Funds Non-U.S. Government Debt+1 more
15	bStocks	77	$795,665,957 ▲	1,302,018 ▲	Stocks	BNB Chain
16	Ctrl Alt	31	$730,632,059 ▲	4,040 ▲	Private Equity Commodities+2 more
17	Superstate	2	$676,067,773 ▼	157 △	U.S. Treasury Funds Active Strategies
18	Hastra	2	$604,764,851 ▲	2,213 ▲	Asset-Backed Credit
19	xStocks	855	$582,967,988 ▲	566,567 ▲	Stocks Commodities+4 more	+1 more
20	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar

Showing 1 to 20 of 199 results

Tokenization Platforms (Represented)

23 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	—	$327,022,333,228 ▲	Repurchase Agreements	Canton
2	Figure	2	$22,705,389,532 ▲	Asset-Backed Credit Stablecoins+1 more
3	Bridgetower	1	$10,725,834,486 ▼	Specialty Finance	Avalanche C-Chain
4	Justoken	6	$2,938,581,603 ▲	Commodities Specialty Finance
5	Tradable	48	$1,958,438,702 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
6	Injective RWA Infrastructure	1	$1,060,956,793 △	Real Estate	Injective
7	CRX Digital Assets	88	$1,023,743,611 ▲	Asset-Backed Credit Corporate Credit	XRP Ledger
8	PACT	7	$568,257,445 ▼	Asset-Backed Credit Corporate Credit	Aptos
9	VERT Capital	13	$438,289,828 △	Corporate Credit Asset-Backed Credit	XRP Ledger
10	Ctrl Alt	31	$400,220,606 ▼	Private Equity Commodities+2 more
11	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
12	Tokeny by Apex	3	$283,972,388 △	Active Strategies
13	MB \| Mercado Bitcoin	863	$245,144,768 ▲	Asset-Backed Credit Specialty Finance+1 more	R
14	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
15	Alphaledger	1,425	$125,856,305 △	Specialty Finance Active Strategies	Solana
16	Enzyme Onyx	1	$42,997,169 ▲	Asset-Backed Credit
17	Robinhood	2,043	$26,716,508 ▲	Stocks U.S. Treasury Funds+9 more
18	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
19	Sygnum Bank	3	$22,298,652 ▼	U.S. Treasury Funds
20	MetaWealth	10	$2,140,000 △	Real Estate

Showing 1 to 20 of 23 results

Stablecoin Platforms

103 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	$182,551,314,674 ▲	132,930,979 ▲	Stablecoins Commodities
2	Circle	2	$70,765,793,389 ▲	38,479,691 ▲	Stablecoins U.S. Treasury Funds	+10 more
3	Binance Bridge	3	$11,049,488,760 ▼	86,527,586 ▲	Stablecoins	BNB Chain
4	Sky	1	$6,700,410,870 ▲	29,313 ▲	Stablecoins
5	Ethena	3	$4,687,995,675 ▲	81,145 ▲	Stablecoins Active Strategies
6	BitGo	2	$4,626,279,970 ▲	629,176 ▲	Stablecoins
7	Paxos	4	$4,446,488,011 ▲	970,413 ▲	Stablecoins Commodities
8	MakerDAO	1	$4,071,199,220 ▲	844,545 ▲	Stablecoins	Ethereum
9	RLUSD	1	$2,305,220,857 ▲	82,801 ▼	Stablecoins
10	Anchorage Digital Bank	5	$2,088,467,694 ▲	323,984 ▲	Stablecoins
11	Polygon Bridge	2	$1,512,810,243 ▼	7,588,339 ▲	Stablecoins	Polygon
12	Falcon Finance	1	$1,320,985,677 ▲	11,601 ▼	Stablecoins
13	Arbitrum L1 Custom Gateway	2	$856,396,055 ▼	5,820,147 ▲	Stablecoins	Arbitrum
14	USDT0	1	$826,623,653 ▼	8,416,619 ▲	Stablecoins
15	Aave	1	$697,928,803 ▼	10,046 ▲	Stablecoins	Ethereum
16	Usual	1	$546,492,618 ▼	126,054 ▼	Stablecoins	Ethereum
17	Figure	1	$512,309,533 ▼	3,940 ▲	Asset-Backed Credit Stablecoins+1 more
18	Multipli	2	$476,618,161 ▲	199 ▲	Stablecoins
19	Frax Finance	2	$306,080,968 ▼	19,791 ▲	Stablecoins	+2 more
20	USDai Protocol	1	$301,624,073 ▲	3,969 ▲	Stablecoins	Arbitrum

Showing 1 to 20 of 103 results

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