Circle

Accountable

Agora Ledger

Multipli

USDT0

Mu Digital

Centrifuge

LayerZero OFT

BitGo

Etherfuse

Pareto

Stablecoins

Diversified Credit

Active Strategies

Commodities

US Treasury Debt

Corporate Credit

non-US Government Debt

Valos

VanEck Associates Corporation

Hyperithm

Golden Hill Asset Management

Anemoy

Tether

Ouroboros Capital

Yuzu Fintech

Monad is a high-performance, Layer-1 blockchain designed for full Ethereum Virtual Machine (EVM) compatibility, enabling 10,000+ transactions per second (TPS) with 1-second finality.

Multipli is the world’s first yield and collateralization infrastructure designed to generate yield on real-world assets such as Gold, Stocks, and Stablecoins.

Regulated institutional digital asset management company providing yield-generating solutions to institutional clients.

Hyperithm is a premier digital asset manager based in Tokyo and Seoul, active in quant trading and venture investments.  Specializes in algorithmic/HFT market-neutral strategies including statistical arbitrage, governance token acquisition, options trading, and event-driven strategies.

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

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.

Tether Holdings

Our mission is to bring access to sovereignn debt by leveraging blockchain technology to lower barriers to ownership and empower individuals worldwide.

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

Pareto is a private credit marketplace that connects institutional lenders and borrowers, providing scalable, RWA-backed yield opportunities.

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.

Hong Kong-based Web3 platform bringing Asia's credit markets on-chain. Issues two products: AZND (Asia Dollar, senior tranche, 6-7% yield) and muBOND (junior tranche, up to 15% yield), both backed by a portfolio of Asian government and corporate bonds and private credit. Founded by former investment bankers from Bank of America Merrill Lynch, UBS, and HTX.

Mu Bond Protocol

Valos is a digital asset manager specialising in private credit strategies. We provide lending solutions designed for professional and institutional investors seeking disciplined access to credit opportunities in digital asset markets.

United States of America

British Virgin Islands

Switzerland

El Salvador

European Union

Antigua and Barbuda

Monad

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

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.

The USDT0 Network operates on a robust lock-and-mint mechanism powered by the Omnichain Fungible Token (OFT) standard. This system ensures secure and efficient cross-chain transfers while maintaining full asset backing across all USDT0 products.

Hong Kong-based Web3 platform bringing Asia's credit markets on-chain. Issues two products: AZND (Asia Dollar, senior tranche, 6-7% yield) and muBOND (junior tranche, up to 15% yield), both backed by a portfolio of Asian government and corporate bonds and private credit.

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

Anemoy Tokenized Apollo Diversified Credit Fund

The base protocol where the token is deployed

The total outstanding principal amount in dollars.

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The current circulating supply of tokens associated with the asset.

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#	Platform	RWA Count	Total Value	30D%	Market Share
1	Circle	1	$294.5M	▲25.89%	40.55% ▲
2	Accountable	5	$179.1M	▲0.11%	24.67% ▼
3	Agora Ledger	1	$87.9M	▲152.1%	12.11% ▲
4	Multipli	1	$61.8M	▲1.61%	8.51% ▼
5	USDT0	1	$54.1M	▼37.57%	7.45% ▼
6	Mu Digital	3	$17.1M	▼15.25%	2.35% ▼
7	Centrifuge	3	$15.0M	▲0.22%	2.07% ▼
8	LayerZero OFT	1	$14.1M	▼8.40%	1.95% ▼
9	BitGo	1	$2.3M	▲49.60%	0.32% ▲
10	Etherfuse	6	$114.70K	▲82.11%	0.02% ▲

MonadBETA

Asset Type