Binance Bridge

Circle

BitGo

Ondo

Securitize

OpenEden Digital

Franklin Templeton Benji Investments

Falcon Finance

Colb Finance

StandX Protocol

River

Lista DAO

First Digital Labs

Tether Holdings

Accountable

Matrixdock

Fireblocks

Chainlink CCIP

PT Rupiah Token Indonesia 

Centrifuge

Anchored Coins

Asseto

xStocks

BCP Technologies

Frax Finance

BDACS

Stargate

Agora Ledger

Swarm

Anchorage Digital Bank

Stablecoins

US Treasury Debt

Stocks

Private Equity

Commodities

Asset-Backed Credit

Corporate Credit

Diversified Credit

Cryptocurrencies

Real Estate

Active Strategies

BlackRock

Bank of New York Mellon

Franklin Templeton

StandX

Tether

Unitas Labs

VanEck Absolute Return Advisers Corporation

Maple Protocol Pool Operations

Anemoy

China Merchants Securities (HK)

Insight Investments

State Street Investment Management

Resolv

Invesco Capital Management

VanEck Associates Corporation

Vanguard Group

The Private Trust Company within the Colb group that serves as the trustee holding underlying assets (fund shares, pre-IPO equity, structured products) in trust for holders of Colb's Tokenized Structured Products (TKSPs). Part of Colb's non-custodial tokenization framework — token holders have beneficial ownership of the trust assets, and the PTC provides the legal trust wrapper ensuring asset segregation. The trust structure is a core part of how Colb delivers what it calls "native non-custodial ownership" on-chain.

Colb Asset (PTC) Limited

River is a chain-abstraction stablecoin protocol that lets users collateralize BTC, ETH, BNB and LSTs across chains to mint satUSD, an overcollateralized USD-pegged stablecoin.

Ondo Global Markets (BVI) Limited is the issuer behind Ondo Global Markets (Ondo GM), a tokenization platform that enables global (non-U.S.) investors to gain on-chain exposure to thousands of publicly traded U.S. securities, including stocks, bonds, and ETFs. By issuing tokens fully backed 1:1 by the underlying assets, the platform delivers total-return exposure, reflecting both price movements and reinvested dividends.

Ondo Stocks

USDY (US Dollar Yield Token) is a tokenized note secured by short-term US Treasuries and bank demand deposits. USDY is accessible to non-US individual and institutional investors and is designed to combine the accessibility of a stablecoin with high-quality, US dollar-denominated yield.

Creating a product that meets these requirements while also complying with applicable US laws and regulations does impose some limitations, however. For example, although you start earning interest as soon as we process your deposit, note that we can only mint your transferable USDY tokens between 40-50 days later (depending upon exactly when you invest). Furthermore, we can only redeem to USD via bank wire to non-US bank accounts.

USDY comes in two versions: an “accumulating” version (USDY) whose per-token price increases as yield accrues, and a “rebasing” version (rUSDY) whose price remains at US$1.00. Whereas the price of USDY tokens increases as the value of the underlying assets increase, with rUSDY you simply receive more rUSDY in your wallet; in effect the yield on the underlying assets accrues in the form of additional rUSDY tokens. For example, if you acquired 100 rUSDY tokens when the price per token of USDY was $1.00 – and then the price per token of USDY increased to US$1.01, the price per token of rUSDY would remain at $1.00, but your wallet would now hold 101 rUSDY tokens. This ‘rebasing’ happens automatically when the USDY price is updated each business day.

You can easily and instantly convert back and forth between USDY and rUSDY on our website at any time.

Ondo USDY

Swarm X

Backed Assets

Protocol Pool Operations is Maple’s affiliated operator that runs institutional lending pools and cash-management vehicles on the Maple protocol, handling underwriting, risk, and day-to-day administration. In practice, it serves as the pool delegate/manager for Maple’s flagship products.

Anemoy is a Web3-native fund company revolutionizing onchain finance by delivering tokenization and onchain asset management. Built on the Centrifuge protocol, Anemoy provides institutional-grade investment opportunities within DeFi.

Anemoy is a pioneer with strategic partnerships like Janus Henderson Investors asset management for the onchain era. The Janus Henderson Anemoy Treasury Fund Segregated Portfolio (JTRSY) is the highest rated in the industry by Moody’s, S&P and Particula. Anemoy leverages blockchain technology to maximize operational efficiency, transparency, and investor access, setting new benchmarks for institutional-grade tokenized funds.

Agora is building a next-generation payments and operations platform.  Agora is the minter of AUSD a 1:1 fully collateralized, freely tradeable USD stablecoin.

Agora

Binance

Anchored Coins is a Swiss-based issuer of ACHF and AEUR, founded and managed by experienced blockchain industry leaders committed to providing innovative financial solutions.

DigiFT is a next-generation regulated platform for institutional-grade tokenized real-world assets (RWAs). Backed by top-tier institutions like SBI Holdings, Mirana Ventures, Arbitrum Foundation, and Polygon Labs, DigiFT brings together regulatory compliance, smart contract infrastructure, and deep financial expertise to enable secure, on-chain access to regulated RWA products.

Headquartered in Singapore, DigiFT is among the first on-chain platforms to be licensed by both the Monetary Authority of Singapore (MAS) and the Hong Kong Securities and Futures Commission (SFC)—two of Asia’s most sophisticated financial regulators.

DigiFT offers a fully integrated solution for the tokenization, issuance, distribution, custody, and trading of tokenized assets—delivering both real-time and OTC institutional liquidity, fiat and stablecoin settlement, and native interoperability with public blockchains.

Trusted by global financial institutions, DigiFT is the on-chain tokenization and distribution partner for leading asset managers such as Invesco, UBS, DBS Bank, CMB International, and Wellington Management—bringing to market landmark products at the forefront of institutional RWA adoption.

DigiFT

Tether facilitates fiat currency use digitally on a blockchain, disrupting traditional finance. It enables transactions with stable, familiar currencies on the blockchain, reducing typical digital currency volatility and complexity, and eases cross-border transactions.

BlackRock USD Institutional Digital Liquidity Fund

OpenEden Digital ("OED") is a Bermuda Monetary Authority ("BMA") licensed digital asset issuer. OED operates under a Digital Assets Business License issued by the BMA permitting it to issue, sell or redeem virtual coins, tokens or any other form of digital asset. OED is a wholly owned subsidiary of OpenEden Group ("OEG").

USYC lets you earn short-term Fed rate returns. Assets are deployed in reverse repo, with some allocated to T-Bills, to ensure maximum liquidity and minimum duration risk.

Circle International

Treasury Bills Institutional Liquidity Limited is a registered Professional Fund established under the British Virgin Islands Securities and Investment Business Act 2010 and regulated by the British Virgin Islands Financial Services Commission. It is the issuer of the TBILL token, which is backed by short-duration U.S. Treasury Bills.

Treasury Bills Institutional Liquidity Limited

VanEck Treasury Fund

BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry's top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit www.bitgo.com.

The entity's brand name is First Digital Labs, and it operates as a BVI‑registered subsidiary under the First Digital Group

FD121 (BVI) Limited

Ondo Global Markets

Trustless stablecoin and low-risk crypto investments backed by the True-Delta Neutral Architecture.

Anchorage Digital Bank, N.A. is the first federally chartered U.S. crypto bank, approved by the Office of the Comptroller of the Currency in January 2021 as a national trust bank. It provides institutions with qualified-custody, staking, trading, governance, and settlement services under the Anchorage Digital umbrella.

BCP Technologies is an FCA-registered cryptoasset firm in the UK and the issuer of Tokenised GBP (tGBP)

Korea-based institutional digital-asset custodian; founded 2022; KoFIU-registered VASP with bank/crypto partnerships.

Singapore fintech that operates the Unitas stablecoin module, issuing and managing USDu and sUSDu via smart contracts.

Issuer SPV for StandX’s DUSD stablecoin—the BVI entity that issues the tokens and runs onboarding/KYC under the platform’s terms.

Founded in February 2023 by Matrixport, Matrixdock is Asia’s Real World Assets (RWA) leader that modernizes financial instruments and offers access to premium RWA through advanced tokenization technology. As the first in Asia to introduce a tokenized short-term treasury bill product, STBT, Matrixdock has rapidly emerged as Asia’s RWA leader, earning the Ecosystem Excellence TADS Award in 2023 for Trading & Liquidity Solutions. 

In 2024, Matrixdock introduced tokenized gold, XAUm, an ERC-20 token fully backed by 99.99% purity gold, offering investors a trusted and transparent digital asset tied to London Bullion Market Association (LBMA) accredited gold. The gold reserves backing XAUm are securely held in Brink’s high-security, fully insured vaults in Singapore and Hong Kong, enabling physical redemption. 

Matrixdock is dedicated to becoming the gateway for clients seeking blue-chip RWA investments. With a steadfast focus on building a trusted and secure RWA ecosystem for crypto, Matrixdock provides diversified investment opportunities while setting new standards for trust and governance in the digital asset space.

 DeFi protocol on BNB Chain offering liquid staking (slisBNB) and an over-collateralized stablecoin (lisUSD); rebranded from Helio Protocol in 2024.

Luxembourg-based bank providing embedded payments, accounts and FX infrastructure to PSPs and banks, with central-bank clearing access and branches/subsidiaries across Europe.

Banking Circle S.A.

Offshore token issuer that wraps fund interests into blockchain tokens.

Reale Assets Limited.

Franklin OnChain Institutional Liquidity Fund Ltd.

United States of America

Germany

British Virgin Islands

Liechtenstein

Singapore

Bermuda

Hong Kong

United Kingdom

Switzerland

El Salvador

European Union

Antigua and Barbuda

BNB Chain

The leading platform for tokenized financial products.‍ Brings the full power of onchain finance to asset managers and investors.

xStocks issues tokens that track major financial instruments (S&P500, T-bills, TSLA, AAPL, etc.) on public blockchains. The tokens are fully backed by the underlying assets.

Securitize provides businesses a platform to raise capital from institutional, accredited or retail investors with shares issued as digital tokens.

Ondo provides institutional-grade, blockchain-enabled investment products, from government bonds to high-yield bonds.

Swarm is a Germany-based tokenization platform regulated by the Federal Financial Supervisory Authority (BaFin). 

Franklin Templeton is a global investment management organization (NYSE:BEN). It has developed Benji, a retail mobile app and institutional web app that allows investors to browse tokenized securities and cryptocurrencies.

Circle is a fintech firm central to the emerging internet of money, enabling instant, affordable global transactions. Its infrastructure, including USDC, a dollar stablecoin, supports businesses, institutions, and developers, unlocking new opportunities in payments and commerce.

Agora Ledger builds infrastructure for digital dollars—letting businesses mint and manage dollar tokens (e.g., AUSD) and connect them to both DeFi and traditional payment rails.

Fireblocks is a digital asset infrastructure company, trusted by 2,200+ institutions to scale stablecoins, custody, and digital asset operations.

Cross-Chain Interoperability Protocol (CCIP) is Chainlink’s standard for secure cross-chain messaging and token transfers, letting apps move tokens and data across public and private blockchains via decentralized oracle networks.

Asseto is building the yield infrastructure for the stablecoin economy. As RWAs become the next frontier of onchain finance, we go beyond static tokenization by transforming live, yield-generating strategies into programmable, composable assets. We partner with leading asset managers to bring real-world, compliant products on-chain — balancing yield, liquidity, and regulatory alignment. Current offerings include delta-neutral arbitrage and tokenized cash strategies, with more coming soon: private equity, private credit, and multi-asset structured products. 

Backed by strategic investors HashKey Group and Pharos, our team combines experience from Morgan Stanley, Standard Chartered, E Fund, and more — bridging traditional finance with Web3 execution. 

Asseto is not just tokenizing RWA — we’re building the real yield stack: compliant, composable, and connected to the real economy.

Colb is an on-chain financial infrastructure suite built by a Geneva-based team, delivering tokenized exposure to pre-IPO companies, institutional wealth management strategies, and premium investment funds. Products are issued through a bankruptcy-remote trust, legally isolated from operational entities.

Real-time financial verification platform enabling institutions to prove assets and liabilities privately. Also offers Vault-as-a-Service and YieldApp. 

iShares Core US Aggregate Bond ETF (Ondo Tokenized)

Global X Artificial Intelligence & Technology ETF (Ondo Tokenized)

ChinaAMC USD Digital Money Market Fund Class B USD

Alpha and Omega Semiconductor (Ondo Tokenized)

Apollo Global Management (Ondo Tokenized)

Global X MSCI Argentina ETF (Ondo Tokenized)

iShares A.I. Innovation and Tech Active ETF (Ondo Tokenized)

SPDR Bloomberg 1-3 Month T-Bill ETF (Ondo Tokenized)

iShares Flexible Income Active ETF (Ondo Tokenized)

Volatility Shares 2x Bitcoin Strategy xStock

iShares Large Cap Core Active ETF (Ondo Tokenized)

BitMine Immersion Technologies (Ondo Tokenized)

Global X Robotics & Artificial Intelligence ETF (Ondo Tokenized)

iShares High Yield Active ETF (Ondo Tokenized)

iShares Floating Rate Loan Active ETF (Ondo Tokenized)

iShares Total Return Active ETF (Ondo Tokenized)

The base protocol where the token is deployed

The total outstanding principal amount in dollars.

The total outstanding capital amount in dollars.

The total amount of idle capital in dollars.

The current market value of the asset in dollars.

The total value of daily burns in dollars.

The total dollar volume of daily transfers.

The net asset value of the asset in dollars.

The available financial capacity of the asset in dollars.

The total principal amount paid, in dollars.

The total principal amount written off, in dollars.

The total dollar value of recovered assets.

The cumulative total of principal repaid, in dollars.

The total cumulative interest earned, in dollars.

The maximum financial capacity of the asset in dollars.

The total dollar value of assets that have been drawn down.

The current price of the asset in dollars.

The value of circulating assets in dollars.

The market value of circulating assets in dollars.

The total dollar volume of weekly transfers.

The total dollar volume of monthly transfers.

The dollar volume of transfers in the last 7 days.

The dollar volume of transfers in the last 30 days.

The total supply of tokens currently available.

The current circulating supply of tokens associated with the asset.

The total number of loans funded through the asset.

The current number of active loans associated with the asset

The total number of loans that have defaulted.

The number of active addresses interacting with the asset daily.

The daily count of unique holders of the asset.

The number of active addresses interacting with the asset weekly.

The number of active addresses interacting with the asset monthly.

The number of active addresses interacting with the asset quarterly.

The number of active addresses interacting with the asset annually.

The daily count of transactions involving the asset.

The number of transfers in the last 7 days.

The number of transfers in the last 30 days.

#	Platform	RWA Count	Total Value	30D%	Market Share
1	Binance Bridge	3	$11.1B	▼0.01%	64.18% ▼
2	Circle	1	$2.9B	▼0.11%	16.97% ▼
3	BitGo	1	$1.7B	▼3.14%	9.82% ▼
4	Ondo	441	$374.3M	▼19.43%	2.17% ▼
5	Securitize	2	$267.1M	▲102.8%	1.55% ▲
6	OpenEden Digital	3	$151.1M	▲0.26%	0.88% ▼
7	Franklin Templeton Benji Investments	1	$114.5M	▲0.25%	0.66% ▼
8	Falcon Finance	1	$114.0M	▼0.08%	0.66% ▼
9	Colb Finance	2	$97.2M	▲51.90%	0.56% ▲
10	StandX Protocol	1	$94.2M	▲6.09%	0.55% ▲

BNB ChainBETA

Asset Type