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

$31.78B

▼1.17%from 30d ago

Represented Asset Value

$349.25B

▼0.36%from 30d ago

Stablecoin Value

$297.16B

▼2.98%from 30d ago

Total RWA Holders

904,663

▲+14.70%from 30d ago

Total Stablecoin Holders

264.90M

▲+4.69%from 30d ago

Total Platforms

185

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 06/13/2026

Top Net Flows

As of 06/13/2026

Include Stablecoins

Distributed Platforms

172 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	$4,139,630,520 ▲	1,808 ▲	U.S. Treasuries Venture Capital+6 more	+6 more
2	Ondo	267	$3,748,828,796 ▼	142,065 ▲	U.S. Treasuries Stocks+6 more	+5 more
3	Circle	1	$3,011,681,237 ▲	47 ▼	Stablecoins U.S. Treasuries	+9 more
4	Tether Holdings	1	$2,512,661,277 ▼	55,321 ▼	Stablecoins Commodities
5	Franklin Templeton Benji Investments	4	$2,503,001,404 ▲	1,162 ▲	U.S. Treasuries
6	Paxos	1	$1,928,165,491 ▼	85,628 ▲	Stablecoins Commodities
7	Spiko	9	$1,791,058,797 ▲	8,173 ▲	Non-U.S. Government Debt Active Strategies+1 more
8	Centrifuge	8	$1,624,606,962 ▲	675 ▲	U.S. Treasuries Corporate Credit+2 more
9	Maple	4	$1,441,321,836 ▼	4,203 ▲	Asset-Backed Credit U.S. Treasuries
10	STOKR	9	$1,336,207,414 ▼	59 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
11	Libeara	14	$1,063,364,020 ▼	40 ▲	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Superstate	2	$892,528,492 ▼	154 ▲	U.S. Treasuries Active Strategies
13	WisdomTree	16	$835,671,320 ▼	2,681 ▲	U.S. Treasuries Stocks+2 more
14	xStocks	179	$763,906,192 ▲	237,014 ▲	Stocks Commodities+3 more	+1 more
15	Ctrl Alt	31	$505,840,327 ▲	3,852 ▲	Private Equity Commodities+2 more
16	Hastra	1	$400,399,569 ▲	1,801 ▲	Asset-Backed Credit
17	Asseto	9	$341,548,138 ▼	70 ▲	Diversified Credit Active Strategies+3 more
18	Chainlink CCIP	3	$234,656,989 ▼	5,809 ▲	Asset-Backed Credit Stablecoins+1 more
19	OpenEden Digital	1	$217,586,582 ▲	41 ▼	U.S. Treasuries Stablecoins
20	OnRe	1	$182,790,472 ▲	6,524 ▲	Specialty Finance	Solana

Showing 1 to 20 of 172 results

Represented Platforms

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	—	$321,630,733,071 ▼	Repurchase Agreements	Canton
2	Figure	2	$18,747,596,899 ▲	Asset-Backed Credit Stablecoins+1 more
3	Justoken	6	$2,859,051,829 ▲	Commodities Specialty Finance
4	Tradable	48	$2,150,865,584 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
5	CRX Digital Assets	17	$598,580,949 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
6	PACT	7	$571,074,765 ▲	Asset-Backed Credit Corporate Credit	Aptos
7	Bitbond	2	$500,000,000 △	Corporate Credit	Stellar
8	VERT Capital	9	$450,810,641 ▲	Corporate Credit Asset-Backed Credit	XRP Ledger
9	Ctrl Alt	31	$400,220,606 ▲	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	813	$265,007,546 ▼	Asset-Backed Credit Specialty Finance+1 more	R
13	Fidelity Investments	1	$144,195,018 ▼	U.S. Treasuries	Ethereum
14	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
15	Alphaledger	1,425	$125,856,305 ▲	Specialty Finance Active Strategies	Solana
16	Sygnum Bank	2	$23,741,994 ▼	U.S. Treasuries
17	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
18	Robinhood	1,761	$18,578,790 ▼	Stocks Commodities+8 more	Arbitrum
19	MetaWealth	10	$2,140,000 △	Real Estate
20	TrueFi	1	$1 △	U.S. Treasuries	Ethereum

Showing 1 to 20 of 22 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	$175,528,747,861 ▼	131,738,495 ▲	Stablecoins Commodities
2	Circle	2	$70,828,212,074 ▼	32,633,840 ▲	Stablecoins U.S. Treasuries	+9 more
3	Binance Bridge	3	$10,948,958,992 ▲	69,642,433 ▲	Stablecoins	BNB Chain
4	Sky	1	$7,789,350,231 ▼	25,943 ▲	Stablecoins
5	BitGo	2	$4,525,651,640 ▼	410,911 ▲	Stablecoins
6	Ethena	3	$4,517,423,869 ▲	68,434 ▲	Stablecoins
7	Paxos	5	$4,384,027,390 ▼	554,346 ▲	Stablecoins Commodities
8	MakerDAO	1	$3,542,238,157 ▼	630,261 ▲	Stablecoins	Ethereum
9	Polygon Bridge	2	$1,742,225,629 ▼	6,974,186 ▼	Stablecoins	Polygon
10	Anchorage Digital Bank	5	$1,715,650,883 ▲	295,315 ▲	Stablecoins
11	RLUSD	1	$1,650,236,284 ▲	56,814 ▲	Stablecoins
12	Falcon Finance	1	$1,409,856,865 ▼	7,077 ▼	Stablecoins
13	Arbitrum L1 Custom Gateway	2	$1,043,246,960 ▲	5,899,752 ▲	Stablecoins	Arbitrum
14	USDT0	1	$882,903,088 ▲	7,951,623 ▲	Stablecoins	Polygon
15	Aave	1	$598,318,682 ▲	6,988 ▲	Stablecoins	Ethereum
16	Usual	1	$552,897,999 ▼	123,159 ▼	Stablecoins	Ethereum
17	Figure	1	$542,871,698 ▲	3,556 ▲	Asset-Backed Credit Stablecoins+1 more
18	Solstice	1	$525,500,789 ▲	19,678 ▲	Stablecoins	Solana
19	Frax Finance	2	$357,538,571 ▼	12,332 ▲	Stablecoins	+2 more
20	M0	1	$310,205,572 ▲	84 △	Stablecoins

Showing 1 to 20 of 97 results

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