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

$30.96B

▲+5.82%from 30d ago

Represented Asset Value

$437.19B

▲+204.97%from 30d ago

Stablecoin Value

$299.40B

▼0.17%from 30d ago

Total RWA Holders

742,104

▲+3.19%from 30d ago

Total Stablecoin Holders

246.83M

▲+2.01%from 30d ago

Total Platforms

173

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 05/04/2026

Top Net Flows

As of 05/04/2026

Include Stablecoins

Distributed Platforms

154 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	$4,345,260,742 ▲	1,782 ▼	U.S. Treasuries Venture Capital+6 more	+5 more
2	Ondo	266	$3,641,447,389 ▲	93,707 ▲	U.S. Treasuries Stocks+6 more	+4 more
3	Circle	1	$2,907,935,943 ▲	43 ▼	Stablecoins U.S. Treasuries	+8 more
4	Tether Holdings	1	$2,640,683,781 ▼	41,507 ▲	Stablecoins Commodities
5	Paxos	1	$2,141,157,826 ▼	83,245 ▲	Stablecoins Commodities
6	Franklin Templeton Benji Investments	1	$2,052,240,370 ▲	1,132 ▲	U.S. Treasuries
7	Centrifuge	8	$1,726,944,153 ▲	458 ▲	U.S. Treasuries Corporate Credit+2 more
8	Spiko	9	$1,635,117,895 ▲	6,888 ▲	Non-U.S. Government Debt Active Strategies+1 more
9	STOKR	8	$1,479,384,615 ▲	58 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
10	Maple	4	$1,301,052,522 ▼	4,016 ▼	Asset-Backed Credit U.S. Treasuries
11	Libeara	14	$1,063,201,509 ▼	40 △	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Superstate	2	$1,043,114,111 ▲	153 ▲	U.S. Treasuries Active Strategies
13	WisdomTree	16	$1,016,607,915 ▲	2,615 ▲	U.S. Treasuries Stocks+2 more
14	CRX Digital Assets	17	$590,505,305 ▲	19 ▲	Asset-Backed Credit Corporate Credit	XRP Ledger
15	xStocks	142	$367,975,073 ▲	148,246 ▲	Stocks Commodities+3 more
16	Asseto	9	$349,354,139 ▲	59 ▲	Diversified Credit Active Strategies+3 more
17	Chainlink CCIP	3	$333,344,140 ▼	5,489 ▲	Asset-Backed Credit Stablecoins+1 more
18	Hastra	1	$318,423,649 ▼	1,708 ▲	Asset-Backed Credit	Solana
19	Pareto	5	$173,044,008 ▲	69 ▲	Diversified Credit Stablecoins	Ethereum
20	OnRe	1	$163,338,729 ▲	5,748 ▲	Specialty Finance	Solana

Showing 1 to 20 of 154 results

Represented Platforms

19 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	—	$412,164,349,691 ▲	Repurchase Agreements	Canton
2	Figure	2	$17,055,920,495 ▲	Asset-Backed Credit Stablecoins+1 more	Provenance
3	Justoken	6	$2,659,788,412 ▲	Commodities Specialty Finance
4	Tradable	48	$2,185,270,546 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
5	Ctrl Alt	31	$817,986,363 ▲	Private Equity Commodities+2 more
6	PACT	7	$574,104,657 ▼	Asset-Backed Credit Corporate Credit	Aptos
7	Bitbond	2	$463,128,960 ▲	Corporate Credit	Stellar
8	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
9	VERT Capital	9	$379,279,716 ▲	Corporate Credit Asset-Backed Credit	XRP Ledger
10	Tokeny	2	$283,972,388 △	Active Strategies	Avalanche C-Chain
11	MB \| Mercado Bitcoin	795	$272,310,086 ▲	Asset-Backed Credit Specialty Finance+1 more	R
12	Fidelity Investments	1	$152,826,070 ▼	U.S. Treasuries	Ethereum
13	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
14	Alphaledger	1,425	$125,856,305 △	Specialty Finance Active Strategies	Solana
15	Cashlink	4	$121,475,825 ▲	Non-U.S. Government Debt Corporate Credit+1 more	Polygon
16	Sygnum Bank	1	$28,651,064 ▼	U.S. Treasuries	ZKsync Era
17	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
18	Robinhood	1,704	$18,704,921 ▲	Stocks Commodities+8 more	Arbitrum
19	Wavist	1	$1,000,000 △	Specialty Finance	Ethereum

Showing 1 to 19 of 19 results

Stablecoin Platforms

91 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	$178,767,007,287 ▲	123,554,707 ▲	Stablecoins Commodities
2	Circle	2	$71,885,809,537 ▼	29,777,181 ▲	Stablecoins U.S. Treasuries	+8 more
3	Binance Bridge	3	$10,755,658,290 ▲	63,082,381 ▲	Stablecoins	BNB Chain
4	Sky	1	$8,193,836,725 ▼	23,883 ▲	Stablecoins
5	BitGo	2	$4,634,632,482 ▲	389,576 ▼	Stablecoins
6	Ethena	3	$4,581,249,777 ▼	355,249 ▲	Stablecoins
7	MakerDAO	1	$3,499,315,471 ▼	632,467 ▲	Stablecoins	Ethereum
8	Paxos	5	$3,481,055,648 ▼	542,673 ▲	Stablecoins Commodities
9	Polygon Bridge	2	$1,998,644,385 ▲	7,104,055 ▲	Stablecoins	Polygon
10	Falcon Finance	1	$1,733,467,374 ▼	7,255 ▼	Stablecoins
11	RLUSD	1	$1,554,790,751 ▲	55,715 ▲	Stablecoins
12	Arbitrum L1 Custom Gateway	2	$1,102,014,771 ▲	5,782,479 ▼	Stablecoins	Arbitrum
13	USDT0	1	$816,052,113 ▼	7,700,772 ▼	Stablecoins	Polygon
14	Aave	1	$583,857,637 ▲	6,810 ▲	Stablecoins	Ethereum
15	Usual	1	$558,452,327 ▼	123,254 ▼	Stablecoins	Ethereum
16	Figure	1	$521,463,663 ▼	3,298 ▲	Asset-Backed Credit Stablecoins+1 more	Provenance
17	Solstice	1	$399,240,127 ▲	19,221 ▼	Stablecoins	Solana
18	First Digital Labs	1	$350,317,204 ▲	52,858 ▼	Stablecoins
19	Anchorage Digital Bank	1	$302,000,330 ▲	53 ▲	Stablecoins	Solana
20	Techteryx	1	$280,815,469 ▼	645,091 ▼	Stablecoins

Showing 1 to 20 of 91 results

Documentation Blog Terms of Use Privacy Policy