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

$37.45B

▲+1.69%from 30d ago

Represented Asset Value

$419.71B

▲+176.57%from 30d ago

Stablecoin Value

$295.85B

▲+0.17%from 30d ago

Total RWA Holders

1,589,077

▲+53.08%from 30d ago

Total Stablecoin Holders

280.57M

▲+3.47%from 30d ago

Total Platforms

206

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 08/04/2026

Top Net Flows

As of 08/04/2026

Include Stablecoins

Tokenization Platforms

194 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	24	$4,886,781,797 ▲	1,862 ▲	U.S. Treasury Funds Venture Capital+7 more	+7 more
2	Ondo	441	$3,576,452,490 ▼	192,056 ▲	U.S. Treasury Funds Stocks+6 more	+5 more
3	Circle	1	$3,006,510,875 ▼	38 ▼	Stablecoins U.S. Treasury Funds	+10 more
4	Franklin Templeton Benji Investments	4	$2,547,002,204 ▲	1,186 ▲	U.S. Treasury Funds
5	Tether Holdings	1	$2,446,919,198 ▼	69,727 ▼	Stablecoins Commodities
6	Spiko	9	$2,189,563,651 ▲	13,259 ▲	Active Strategies Non-U.S. Government Debt+1 more
7	Paxos	1	$1,790,683,911 ▼	81,307 ▼	Stablecoins Commodities
8	Centrifuge	8	$1,644,934,312 ▲	895 ▲	U.S. Treasury Funds Corporate Credit+2 more	+1 more
9	Ethena	1	$1,564,625,256 ▼	13,108 ▲	Stablecoins Active Strategies
10	STOKR	9	$1,332,203,810 ▲	58 △	Specialty Finance Corporate Credit+2 more	Liquid Network
11	Libeara	14	$1,011,020,792 ▼	40 △	U.S. Treasury Funds Non-U.S. Government Debt+1 more
12	Maple	4	$973,916,124 ▼	4,427 ▲	Asset-Backed Credit U.S. Treasury Funds
13	Kinexys Digital Assets	2	$899,231,127 ▲	8 △	U.S. Treasury Funds	Ethereum
14	Superstate	2	$817,175,864 ▼	152 ▼	U.S. Treasury Funds Active Strategies
15	WisdomTree	16	$804,705,112 ▲	2,703 ▲	U.S. Treasury Funds Stocks+2 more
16	Ctrl Alt	31	$730,093,814 ▲	3,968 ▲	Private Equity Commodities+2 more
17	bStocks	57	$574,366,201 ▲	163,937 ▲	Stocks	BNB Chain
18	xStocks	655	$540,476,539 ▼	274,870 ▲	Stocks Commodities+4 more	+1 more
19	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar
20	Hastra	1	$490,389,200 ▲	1,980 ▲	Asset-Backed Credit

Showing 1 to 20 of 194 results

Tokenization Platforms (Represented)

22 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	—	$379,435,134,965 ▲	Repurchase Agreements	Canton
2	Figure	2	$20,796,314,496 ▲	Asset-Backed Credit Stablecoins+1 more
3	Bridgetower	1	$10,728,199,560 △	Specialty Finance	Avalanche C-Chain
4	Justoken	6	$2,869,810,581 ▲	Commodities Specialty Finance
5	Tradable	48	$2,178,068,190 ▲	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
6	CRX Digital Assets	88	$1,018,984,504 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
7	PACT	7	$570,239,261 ▼	Asset-Backed Credit Corporate Credit	Aptos
8	VERT Capital	9	$438,289,828 △	Corporate Credit Asset-Backed Credit	XRP Ledger
9	Ctrl Alt	31	$400,230,171 ▲	Private Equity Commodities+2 more
10	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
11	Tokeny by Apex	3	$283,972,388 △	Active Strategies
12	MB \| Mercado Bitcoin	847	$272,471,370 ▲	Asset-Backed Credit Specialty Finance+1 more	R
13	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
14	Alphaledger	1,425	$125,856,305 ▼	Specialty Finance Active Strategies	Solana
15	Fidelity Investments	1	$59,597,409 ▼	U.S. Treasury Funds	Ethereum
16	Sygnum Bank	2	$23,868,098 ▲	U.S. Treasury Funds
17	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
18	Robinhood	1,917	$21,171,334 ▼	Stocks Commodities+8 more
19	MetaWealth	10	$2,140,000 △	Real Estate
20	TrueFi	1	$1 △	U.S. Treasury Funds	Ethereum

Showing 1 to 20 of 22 results

Stablecoin Platforms

105 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	$177,280,676,192 ▲	136,300,636 ▲	Stablecoins Commodities
2	Circle	2	$69,493,989,926 ▼	35,340,026 ▲	Stablecoins U.S. Treasury Funds	+10 more
3	Binance Bridge	3	$11,049,116,038 ▲	77,024,905 ▲	Stablecoins	BNB Chain
4	Sky	1	$6,506,696,463 ▼	25,789 ▲	Stablecoins
5	BitGo	2	$4,304,319,892 ▼	397,686 ▲	Stablecoins
6	Paxos	5	$4,261,246,514 ▲	595,007 ▲	Stablecoins Commodities
7	Ethena	3	$4,116,065,709 ▼	66,746 ▲	Stablecoins Active Strategies
8	MakerDAO	1	$4,032,088,531 ▼	652,368 ▲	Stablecoins	Ethereum
9	Anchorage Digital Bank	5	$1,690,035,970 ▼	319,631 ▲	Stablecoins
10	Polygon Bridge	2	$1,552,675,607 ▼	7,192,731 ▲	Stablecoins	Polygon
11	RLUSD	1	$1,495,476,071 ▼	60,918 ▲	Stablecoins
12	Falcon Finance	1	$1,370,980,912 ▼	6,996 ▼	Stablecoins
13	USDT0	1	$953,723,067 ▼	8,394,343 ▲	Stablecoins
14	Arbitrum L1 Custom Gateway	2	$871,695,659 ▼	6,071,567 ▲	Stablecoins	Arbitrum
15	Aave	1	$647,881,799 ▲	7,086 ▲	Stablecoins	Ethereum
16	Figure	1	$619,254,393 ▲	3,828 ▲	Asset-Backed Credit Stablecoins+1 more
17	Usual	1	$552,913,721 ▲	123,097 ▼	Stablecoins	Ethereum
18	Solstice	1	$516,417,524 ▲	15,125 ▼	Stablecoins	Solana
19	Multipli	2	$355,206,589 ▼	82 ▲	Stablecoins
20	Frax Finance	2	$314,000,735 ▼	12,711 ▲	Stablecoins	+2 more

Showing 1 to 20 of 105 results

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