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

$24.17B

▲+14.25%from 30d ago

Represented Asset Value

$378.96B

▲+41.70%from 30d ago

Stablecoin Value

$293.45B

▼1.26%from 30d ago

Total RWA Holders

829,390

▲+36.63%from 30d ago

Total Stablecoin Holders

224.20M

▲+3.86%from 30d ago

Total Platforms

144

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 02/02/2026

Top Net Flows

As of 02/02/2026

Include Stablecoins

Distributed Platforms

129 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	21	$3,015,197,875 ▼	1,820 ▲	U.S. Treasuries Institutional Funds+2 more	+4 more
2	Ondo	204	$2,748,442,457 ▲	77,080 ▲	U.S. Treasuries Stocks+1 more	+4 more
3	Tether Holdings	1	$2,432,232,428 ▲	29,080 ▲	Stablecoins Commodities
4	Maple	16	$2,308,089,919 ▲	4,622 ▲	Private Credit U.S. Treasuries
5	Paxos	1	$2,112,108,931 ▲	95,738 ▲	Stablecoins Commodities
6	Circle	1	$1,652,506,193 ▲	58 ▲	Stablecoins U.S. Treasuries	+7 more
7	STOKR	6	$1,583,170,112 ▲	56 ▲	Corporate Bonds Institutional Funds+1 more	Liquid Network
8	Centrifuge	4	$1,344,466,162 ▲	23 ▲	Institutional Funds U.S. Treasuries+1 more
9	Libeara	14	$1,082,559,391 ▲	39 ▲	Non-U.S. Government Debt U.S. Treasuries+1 more
10	Superstate	2	$941,316,968 ▲	164 ▲	U.S. Treasuries Institutional Funds
11	Franklin Templeton Benji Investments	1	$892,888,102 ▲	1,038 ▲	U.S. Treasuries
12	Spiko	5	$872,520,068 ▲	2,714 ▲	Non-U.S. Government Debt U.S. Treasuries+1 more
13	WisdomTree	15	$768,401,197 ▼	2,314 ▲	U.S. Treasuries Stocks+3 more
14	xStocks	74	$210,836,314 ▲	234,462 ▲	Stocks
15	Hastra	1	$208,291,493 ▲	2,347 △	Private Credit	Solana
16	Resolv	1	$182,711,314 ▲	5,359 ▼	Stablecoins Actively Managed Strategies	Ethereum
17	Theo	1	$177,594,498 ▲	348 ▲	U.S. Treasuries	Ethereum
18	Midas	3	$173,444,719 ▼	3,120 ▼	Institutional Funds U.S. Treasuries+1 more
19	Pareto	4	$134,659,757 ▲	38 ▲	Private Credit Stablecoins	Ethereum
20	RedSwan Digital Real Estate	8	$107,962,800 △	0 △	Real Estate	Stellar

Showing 1 to 20 of 129 results

Represented Platforms

15 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	—	$357,695,673,312 ▲	Repurchase Agreements	Canton
2	Figure	1	$14,884,795,003 ▲	Private Credit	Provenance
3	Tradable	49	$2,293,023,865 ▼	Private Credit	ZKsync Era
4	Justoken	6	$1,491,386,525 ▲	Commodities Private Credit
5	PACT	7	$591,605,928 ▼	Private Credit	Aptos
6	Ctrl Alt	30	$442,666,937 ▲	Commodities Real Estate+2 more
7	Intain	2	$431,881,634 △	Private Credit	Intain
8	Tokeny	2	$283,972,388 △	Institutional Funds	Avalanche C-Chain
9	VERT Capital	8	$269,801,851 ▲	Private Credit	XRP Ledger
10	MB \| Mercado Bitcoin	690	$213,667,650 ▲	Private Credit Stablecoins	R
11	Fidelity Investments	1	$160,364,288 ▼	U.S. Treasuries	Ethereum
12	Cashlink	4	$122,796,436 ▲	Corporate Bonds	Polygon
13	Sygnum Bank	1	$46,997,330 ▲	U.S. Treasuries	ZKsync Era
14	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
15	Robinhood	1,349	$10,718,165 ▲	Stocks	Arbitrum

Showing 1 to 15 of 15 results

Stablecoin Platforms

74 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	6	$176,600,392,094 ▼	115,301,058 ▲	Stablecoins Commodities
2	Circle	2	$68,142,581,703 ▼	28,521,557 ▲	Stablecoins U.S. Treasuries	+7 more
3	MakerDAO	1	$9,746,347,496 ▲	753,875 ▲	Stablecoins	Ethereum
4	Binance	2	$9,265,691,040 ▼	51,326,957 ▲	Stablecoins	BNB Chain
5	Ethena	3	$7,514,856,797 ▲	349,387 ▲	Stablecoins
6	BitGo	1	$5,067,377,462 ▲	455,412 ▼	Stablecoins
7	Paxos	5	$4,681,400,031 ▼	543,804 ▲	Stablecoins Commodities
8	Polygon Bridge	3	$2,270,806,634 ▲	14,380,800 ▲	Stablecoins	Polygon
9	Falcon Finance	1	$2,148,513,289 ▼	12,255 ▲	Stablecoins
10	RLUSD	1	$1,356,773,628 ▲	40,658 ▲	Stablecoins
11	Arbitrum L1 Custom Gateway	2	$1,042,022,843 ▼	5,346,009 ▲	Stablecoins	Arbitrum
12	M0	1	$814,670,065 ▼	79 ▲	Stablecoins
13	Usual	1	$578,216,177 ▲	126,519 ▼	Stablecoins	Ethereum
14	USDai Protocol	1	$502,288,096 ▼	4,452 ▼	Stablecoins	Arbitrum
15	Aave	1	$497,147,763 ▲	8,092 ▲	Stablecoins	Ethereum
16	First Digital Labs	1	$428,825,162 ▼	59,849 ▼	Stablecoins
17	Resolv	1	$371,062,642 ▲	11,346 ▲	Stablecoins Actively Managed Strategies	Ethereum
18	Solstice	1	$305,460,256 ▲	25,288 ▼	Stablecoins	Solana
19	Frax Finance	1	$269,988,635 ▼	13,787 ▲	Stablecoins	Ethereum
20	Optimism Bridge	2	$262,750,848 ▲	3,838,875 ▼	Stablecoins	Optimism

Showing 1 to 20 of 74 results

Documentation Blog Terms of Use Privacy Policy