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

$22.93B

▲+9.21%from 30d ago

Represented Asset Value

$350.00B

▼14.20%from 30d ago

Stablecoin Value

$296.19B

▼0.66%from 30d ago

Total RWA Holders

652,359

▲+9.41%from 30d ago

Total Stablecoin Holders

223.09M

▲+5.09%from 30d ago

Total Platforms

142

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 01/23/2026

Top Net Flows

As of 01/23/2026

Include Stablecoins

Distributed Platforms

126 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	20	$3,084,341,776 ▼	1,754 ▲	U.S. Treasuries Institutional Funds+2 more	+4 more
2	Ondo	203	$2,439,903,092 ▲	59,919 ▲	U.S. Treasuries Stocks+1 more	+2 more
3	Tether Holdings	1	$2,153,030,658 ▲	24,214 ▲	Stablecoins Commodities
4	Maple	16	$2,049,145,657 ▼	4,532 ▲	Private Credit U.S. Treasuries
5	Paxos	1	$1,912,732,506 ▲	91,363 ▲	Stablecoins Commodities
6	Circle	1	$1,690,395,089 ▲	54 ▼	Stablecoins U.S. Treasuries	+7 more
7	STOKR	6	$1,544,051,411 ▲	55 ▲	Corporate Bonds Institutional Funds+1 more	Liquid Network
8	Centrifuge	4	$1,278,361,633 ▼	23 ▲	Institutional Funds U.S. Treasuries+1 more
9	Libeara	14	$1,036,410,019 ▼	36 ▲	U.S. Treasuries Non-U.S. Government Debt
10	Superstate	2	$960,012,666 ▲	150 ▲	U.S. Treasuries Institutional Funds
11	Franklin Templeton Benji Investments	1	$892,373,017 ▲	972 ▲	U.S. Treasuries
12	Spiko	5	$826,023,167 ▲	2,687 ▲	Non-U.S. Government Debt U.S. Treasuries+1 more
13	WisdomTree	15	$770,738,026 ▲	2,110 ▼	U.S. Treasuries Stocks+3 more
14	Theo	1	$206,182,064 ▲	355 ▲	U.S. Treasuries	Ethereum
15	Hastra	1	$202,339,049 ▲	1,175 △	Private Credit	Solana
16	xStocks	74	$197,343,817 ▲	122,016 ▲	Stocks
17	Resolv	1	$184,660,772 ▲	5,392 ▼	Stablecoins Actively Managed Strategies	Ethereum
18	Midas	3	$172,637,059 ▼	3,125 ▼	Institutional Funds U.S. Treasuries+1 more
19	Pareto	4	$117,765,770 ▲	38 ▲	Private Credit Stablecoins	Ethereum
20	RedSwan Digital Real Estate	8	$107,962,800 △	0 △	Real Estate	Stellar

Showing 1 to 20 of 126 results

Represented Platforms

16 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	—	$329,950,399,679 ▼	Repurchase Agreements	Canton
2	Figure	1	$14,714,125,530 ▲	Private Credit	Provenance
3	Tradable	47	$2,312,408,851 ▲	Private Credit	ZKsync Era
4	Justoken	5	$599,072,721 ▲	Commodities Private Credit	Polygon
5	PACT	7	$591,805,247 ▼	Private Credit	Aptos
6	Intain	2	$431,881,634 △	Private Credit	Intain
7	Tokeny	2	$283,972,388 △	Institutional Funds	Avalanche C-Chain
8	VERT Capital	8	$269,793,049 ▲	Private Credit	XRP Ledger
9	Ctrl Alt	24	$235,238,851 ▲	Real Estate Commodities
10	Fidelity Investments	1	$209,330,876 ▼	U.S. Treasuries	Ethereum
11	MB \| Mercado Bitcoin	677	$205,225,320 ▲	Private Credit Stablecoins	R
12	Cashlink	4	$121,007,478 ▼	Corporate Bonds	Polygon
13	Sygnum Bank	1	$46,944,961 ▲	U.S. Treasuries	ZKsync Era
14	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
15	Robinhood	213	$9,932,675 ▲	Stocks	Arbitrum
16	Arca Labs	1	$444,164 ▲	U.S. Treasuries	Ethereum

Showing 1 to 16 of 16 results

Stablecoin Platforms

72 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	$176,938,833,371 ▼	115,165,898 ▲	Stablecoins Commodities
2	Circle	2	$71,283,661,220 ▼	29,482,681 ▲	Stablecoins U.S. Treasuries	+7 more
3	MakerDAO	1	$10,373,078,279 ▲	743,042 ▲	Stablecoins	Ethereum
4	Binance	2	$9,266,740,622 ▼	50,062,141 ▲	Stablecoins	BNB Chain
5	Ethena	2	$7,497,199,751 ▲	345,242 ▲	Stablecoins
6	Paxos	5	$5,088,784,021 ▼	535,971 ▲	Stablecoins Commodities
7	BitGo	1	$3,163,958,389 ▲	585,722 ▲	Stablecoins
8	Polygon Bridge	3	$2,395,872,863 ▲	14,243,532 ▲	Stablecoins	Polygon
9	Falcon Finance	1	$2,170,297,214 ▼	12,039 ▼	Stablecoins
10	RLUSD	1	$1,410,450,406 ▲	40,314 ▲	Stablecoins
11	Arbitrum L1 Custom Gateway	2	$1,088,568,010 ▲	4,871,699 ▲	Stablecoins	Arbitrum
12	M0	1	$842,589,512 ▼	79 ▲	Stablecoins
13	Usual	1	$582,660,320 ▲	126,561 ▼	Stablecoins	Ethereum
14	First Digital Labs	1	$517,836,260 ▼	59,562 ▼	Stablecoins
15	USDai Protocol	1	$513,823,438 ▲	4,583 ▼	Stablecoins	Arbitrum
16	Aave	1	$484,691,941 ▼	8,011 ▲	Stablecoins	Ethereum
17	Resolv	1	$367,124,060 ▲	11,348 ▼	Stablecoins Actively Managed Strategies	Ethereum
18	Solstice	1	$300,821,046 ▼	25,299 ▼	Stablecoins	Solana
19	Frax Finance	1	$274,395,322 ▼	13,788 ▲	Stablecoins	Ethereum
20	Optimism Bridge	2	$259,667,913 ▲	3,837,506 ▼	Stablecoins	Optimism

Showing 1 to 20 of 72 results

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