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

$27.35B

▲+9.69%from 30d ago

Represented Asset Value

$383.93B

▲+2.94%from 30d ago

Stablecoin Value

$300.85B

▼2.23%from 30d ago

Total RWA Holders

684,647

▲+5.43%from 30d ago

Total Stablecoin Holders

238.50M

▲+5.18%from 30d ago

Total Platforms

166

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 03/20/2026

Top Net Flows

As of 03/20/2026

Include Stablecoins

Distributed Platforms

150 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	$2,987,761,308 ▲	1,790 ▲	U.S. Treasuries Venture Capital+6 more	+4 more
2	Maple	4	$2,817,841,632 ▲	4,748 ▲	Asset-Backed Credit U.S. Treasuries
3	Tether Holdings	1	$2,684,581,042 ▲	36,494 ▼	Stablecoins Commodities
4	Ondo	265	$2,585,034,007 ▲	83,633 ▲	U.S. Treasuries Stocks+6 more	+3 more
5	Circle	1	$2,408,689,478 ▲	42 ▼	Stablecoins U.S. Treasuries	+8 more
6	Paxos	1	$2,314,672,945 ▲	79,283 ▲	Stablecoins Commodities
7	STOKR	6	$1,916,344,019 ▲	56 △	Specialty Finance Corporate Credit+2 more	Liquid Network
8	Binance Bridge	—	$1,390,522,338 ▼	—	Stablecoins	BNB Chain
9	Centrifuge	4	$1,386,519,968 ▲	32 ▲	U.S. Treasuries Corporate Credit+2 more
10	Spiko	5	$1,225,326,426 ▲	4,985 ▲	Non-U.S. Government Debt U.S. Treasuries+1 more
11	Libeara	14	$1,084,903,105 ▲	39 ▲	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Franklin Templeton Benji Investments	1	$1,017,062,244 ▲	1,087 ▲	U.S. Treasuries
13	Superstate	2	$1,001,292,092 ▼	145 ▲	U.S. Treasuries Active Strategies
14	WisdomTree	16	$793,680,968 ▲	2,558 ▲	U.S. Treasuries Stocks+2 more
15	Hastra	1	$327,693,996 ▲	1,572 ▲	Asset-Backed Credit	Solana
16	xStocks	75	$257,340,933 ▲	124,002 ▲	Stocks Commodities+1 more
17	Asseto	5	$247,560,491 ▲	38 ▲	Diversified Credit Active Strategies+1 more
18	Matrixdock	2	$180,506,830 ▲	53,767 ▼	U.S. Treasuries Commodities
19	Pareto	6	$177,697,906 ▲	62 ▲	Diversified Credit Stablecoins	Ethereum
20	Midas	3	$140,174,613 ▼	2,537 ▼	Diversified Credit U.S. Treasuries+1 more

Showing 1 to 20 of 150 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	—	$363,907,848,263 ▲	Repurchase Agreements	Canton
2	Figure	1	$15,843,541,913 ▲	Asset-Backed Credit	Provenance
3	Tradable	48	$2,224,238,520 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
4	Justoken	6	$1,692,766,985 ▲	Commodities Specialty Finance
5	PACT	7	$582,930,138 ▼	Asset-Backed Credit Corporate Credit	Aptos
6	Ctrl Alt	31	$568,804,578 ▲	Commodities Private Equity+2 more
7	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
8	Tokeny	2	$283,972,388 △	Active Strategies	Avalanche C-Chain
9	VERT Capital	8	$269,801,851 △	Corporate Credit Asset-Backed Credit	XRP Ledger
10	Fidelity Investments	1	$177,970,494 ▼	U.S. Treasuries	Ethereum
11	Cashlink	4	$119,932,280 ▼	Non-U.S. Government Debt Corporate Credit+1 more	Polygon
12	Sygnum Bank	1	$49,518,806 ▲	U.S. Treasuries	ZKsync Era
13	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
14	Robinhood	1,596	$15,131,409 ▲	Stocks Commodities+4 more	Arbitrum
15	Wavist	1	$1,000,000 △	Specialty Finance	Ethereum
16	MB \| Mercado Bitcoin	752	—	Asset-Backed Credit Stablecoins	R

Showing 1 to 16 of 16 results

Stablecoin Platforms

89 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	$174,911,535,885 ▼	119,329,354 ▲	Stablecoins Commodities
2	Circle	2	$75,465,369,251 ▲	31,439,029 ▲	Stablecoins U.S. Treasuries	+8 more
3	Binance Bridge	2	$9,268,115,734 ▼	56,080,315 ▲	Stablecoins	BNB Chain
4	Sky	1	$7,890,347,053 ▲	21,503 ▲	Stablecoins
5	Ethena	3	$6,903,691,254 ▼	349,144 ▲	Stablecoins
6	Paxos	5	$5,466,876,886 ▲	518,585 ▲	Stablecoins Commodities
7	BitGo	1	$4,457,973,381 ▼	369,213 ▲	Stablecoins
8	MakerDAO	1	$3,622,708,741 ▲	627,004 ▲	Stablecoins	Ethereum
9	Polygon Bridge	3	$2,633,427,174 ▲	14,687,671 ▲	Stablecoins	Polygon
10	Falcon Finance	1	$1,749,068,252 ▼	7,486 ▼	Stablecoins
11	RLUSD	1	$1,535,251,136 ▲	53,393 ▲	Stablecoins
12	Arbitrum L1 Custom Gateway	2	$958,676,230 ▼	5,998,000 ▲	Stablecoins	Arbitrum
13	Aave	1	$583,937,735 ▲	6,410 ▲	Stablecoins	Ethereum
14	Usual	1	$561,114,216 ▼	123,523 ▼	Stablecoins	Ethereum
15	Solstice	1	$380,475,558 ▲	21,129 ▲	Stablecoins	Solana
16	First Digital Labs	1	$329,776,981 ▼	56,609 ▼	Stablecoins
17	USDai Protocol	1	$290,812,735 ▼	3,161 ▼	Stablecoins	Arbitrum
18	Techteryx	1	$281,129,403 ▲	645,109 ▼	Stablecoins
19	Frax Finance	1	$268,503,437 ▲	8,197 ▲	Stablecoins	Ethereum
20	Avalon Labs	1	$213,308,471 ▼	918 ▲	Stablecoins	Ethereum

Showing 1 to 20 of 89 results

Documentation Blog Terms of Use Privacy Policy