Stablecoins

Commodities

Corporate Bonds

non-US Government Debt

Private Credit

US Treasury Debt

Private Equity

Institutional Alternative Funds

Public Equity

Polygon PoS is a EVM-compatible, scalable, proof-of-stake (PoS) side-chain that complements Ethereum’s decentralized security with fast settlement times and cost efficiency. It is powered by its native network token, POL, which was previously known as MATIC.

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

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

Enterprise-grade solutions to digitalize real-world assets with blockchain infrastructure.

Justoken

Sky Protocol is a decentralised protocol developed around the USDS stablecoin

Spiko is building a tokenization platform to issue, manage and distribute securities on distributed ledger technologies. The first securities tokenized through Spiko are the world’s first fully-licensed tokenized money market funds, accessible via any Web3 wallet compatible with the Ethereum virtual machine.

Spiko

NRW.Bank is the state development bank of North Rhine‑Westphalia, Germany, serving as the official promotional bank for the region. It delivers low‑interest funding, equity financing, and advisory services to support economic, social, structural, and housing development in NRW.

NRW.BANK

KfW Bankengruppe is one of the world’s leading promotional banks, established in 1948 on behalf of the German federal government and federal states, committed to improving economic, social, and environmental living conditions globally. It does not operate retail branches or hold customer deposits, instead financing its promotional mandate, such as support for SMEs, climate-friendly housing, education, export projects, and international development, via the capital markets.

KFW Bankengruppe

Beself Brands, the group of home and lifestyle specialist brands that helps you discover and experience what’s best inside you, the best part of you.

Beself Brands, SA

Franklin Templeton

BlackRock USD Institutional Digital Liquidity Fund

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

Securitize Tokenized Apollo Diversified Credit Fund

Hamilton Lane SCOPE Securitize Tokenized Feeder Fund

Hamilton Lane SF6 - Securitize Tokenized Feeder Fund

Securitize Capital Hamilton Lane EOV Tokenized Fund, LP.

Lemonaid Beverages GmbH is a Hamburg‑based social business founded in 2009. It produces certified organic and Fairtrade soft drinks and iced teas, with each purchase contributing to social and ecological projects in the ingredient growing regions via the Lemonaid & ChariTea Foundation.

Lemonaid

Forte Securities Australia Pty Limited

Xfers Pte Ltd

BRLA

Libre SAF VCC

Schuman Financial is the leading provider of technologies, infrastructure, and solutions for European stablecoin-based finance. We are bringing European and euro-denominated financial services on-chain. Our core product is EURØP, a euro-denominated stablecoin issued by our French-licensed subsidiary regulated by Banque de France. 

Schuman Financial

Swarm X

Mountain Protocol issues USDM, a regulated, yield-bearing stablecoin redeemable at a 1:1 USD value, with daily rebases benefiting users through US Treasury interest​​.

Mountain Protocol

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


Etherfuse

Ondo I

PT Rupiah Token Indonesia 

United States of America

Germany

Liechtenstein

Singapore

Bermuda

Australia

Switzerland

France

Brazil

Luxembourg

Polygon

Polygon Bridge

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.

Circle

Cashlink Technologies is a regulated financial institution offering Europe's leading token-based capital market infrastructure. Cashlink provides comprehensive services for issuing and settling token-based securities, fully licensed as a crypto securities registrar and crypto custodian. By connecting issuer, brokers, custodian banks and trading venues via its regulated Cashlink connect infrastructure Cashlink scales token-based Capital Markets. 

Backed by prominent venture capital investors like TX Ventures and strategic investors such as Helaba, Cashlink actively shapes the future of capital markets. This engagement includes participation in forums like the Digital Finance Forum of the German Government and founding memberships in associations such as the Bundesverband der Kryptowertpapierregisterführer. Cashlink is also a three-time winner of the FinTech Germany Award and is based in Frankfurt am Main, Germany.

Cashlink

Mercado Bitcoin is the largest crypto exchange in Brazil and the largest issuer of digital fixed income in Latin America. They set up the first digital investment bank in Brazil.

MB | Mercado Bitcoin

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

Securitize

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.

Franklin Templeton Benji Investments

Agora Ledger

Forte Tech Solutions

Avenia

KAIO is an institutional-grade Web3 protocol, created by WebN Group and Nomura’s Laser Digital, that enables compliant tokenization and lifecycle management of alternative investment funds. It connects asset managers with distributors while providing access to tokenized hedge funds, money market funds, and private credit strategies from managers like Brevan Howard, BlackRock, and Hamilton Lane. Through its KAIO Gateway, the platform extends these assets across multiple blockchains, offering services such as collateralized lending, automated rebalancing, and programmable compliance.

KAIO

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

Swarm

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

Ondo

Apollo Diversified Credit Securitize Fund

AUDAX01 - AUDAX CAPITAL SECURITIZADORA S.A

AUDAX02 - AUDAX CAPITAL SECURITIZADORA S.A

AUDAX03 - AUDAX CAPITAL SECURITIZADORA S.A

Franklin OnChain U.S. Government Money Fund

BINVEST01 - BINVEST SECURITIZADORA DE CREDITOS SA

BINVEST02 - BINVEST SECURITIZADORA DE CREDITOS SA

BINVEST03 - BINVEST SECURITIZADORA DE CREDITOS SA

BINVESTYIELD01 - BINVEST SECURITIZADORA DE CREDITOS SA

BOLT01 - BOLT ENERGY COMERCIALIZADORA DE ENERGIA LTDA

BOLT02 - BOLT ENERGY COMERCIALIZADORA DE ENERGIA LTDA

BOLT05 - BOLT ENERGY COMERCIALIZADORA DE ENERGIA LTDA

CARTAO02 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO03 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO04 - COONEX PRODUTOS E SOLUCOES LTD


CARTAOSUB02 - COONEX PRODUTOS E SOLUCOES LTD


CHILLI01 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

CHILLI02 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

CHILLI03 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

CHILLI04 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

CONSRC01 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC02 - RANDON SA IMPLEMENTOS E PARTICIPACOES

CONSRC03 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC04 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC05 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC06 - PORTO SEGURO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC07 - ADMINISTRADORA DE CONSORCIO UNICOOB LTDA

CONSRC08 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC09 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC10 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC11 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC12 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC13 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC14 - PORTO SEGURO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC15 - PORTO SEGURO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC16 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC17 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC18 - CONSORCIO NACIONAL VOLKSWAGEN - ADMINISTRADORA DE CONSORCIO LTDA

CONSRC19 - CONSORCIO NACIONAL VOLKSWAGEN - ADMINISTRADORA DE CONSORCIO LTDA

CONSRC20 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC21 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC22 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC23 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC24 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC25 - CONSORCIO NACIONAL VOLKSWAGEN - ADMINISTRADORA DE CONSORCIO LTDA

CONSRC26 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC27 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC28 - RANDON ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC29 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC30 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC31 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC32 - GMAC ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC33 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC34 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC35 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC36 - PORTO SEGURO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC37 - CONSORCIO NACIONAL VOLKSWAGEN - ADMINISTRADORA DE CONSORCIO LTDA

CONSRC38 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC39 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC40 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC41 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC42 - CONSORCIO NACIONAL VOLKSWAGEN - ADMINISTRADORA DE CONSORCIO LTDA

CONSRC43 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC44 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC45 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC46 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC47 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC48 - ADMINISTRADORA DE CONSORCIO UNICOOB LTDA

CONSRC49 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC50 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC51 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC52 - CONSORCIO NACIONAL VOLKSWAGEN - ADMINISTRADORA DE CONSORCIO LTDA

CONSRC53 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC54 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC55 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

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	Polygon Bridge	3	$2,253.6M	▼0.71%	56.18% ▼
2	Circle	1	$594.3M	▲9.63%	14.82% ▲
3	Justoken	4	$486.2M	▼2.25%	12.12% ▼
4	Cashlink	3	$238.7M	▲0.34%	5.95% ▲
5	Spiko	2	$169.7M	▲1.48%	4.23% ▲
6	MB \| Mercado Bitcoin	242	$103.1M	▼0.54%	2.57% ▼
7	Securitize	5	$60.8M	▼16.57%	1.52% ▼
8	Beself Brands, SA	1	$47.4M	▲0.07%	1.18% ▲
9	Franklin Templeton Benji Investments	1	$31.0M	▲0.34%	0.77% ▲
10	Agora Ledger	1	$15.5M	0%	0.39% ▲

PolygonBETA