Spiko

Ondo

Franklin Templeton Benji Investments

Realiz 

Circle

RedSwan Digital Real Estate

WisdomTree

Centrifuge

Figure

Rivool Finance

Societe Generale - FORGE

NYALA

Etherfuse

Paxos

Liqvid

MB | Mercado Bitcoin

Matrixdock

Bitbond

AUDC Pty Ltd

M1X Global

Stasis

GMO Trust

Mesh

Brale

Stablecorp Digital Currencies Inc. 

AllUnity

Active Strategies

US Treasury Debt

Corporate Credit

Stablecoins

non-US Government Debt

Real Estate

Asset-Backed Credit

Stocks

Private Equity

Commodities

Specialty Finance

Diversified Credit

Franklin Templeton

Twenty First Capital

Amundi

Anemoy

Figure Investment Advisors

WisdomTree Digital Management

Nagro

Stellar is an open-source, decentralized blockchain network designed to facilitate fast and low-cost cross-border transactions between any pair of currencies or assets. Launched in 2014 by Jed McCaleb, it uses a unique Stellar Consensus Protocol and its native cryptocurrency XLM (Lumens) to bridge traditional financial systems with digital currencies, enabling efficient global payments and remittances.

Liqvid is an RWA infrastructure platform and marketplace that unlocks liquidity in mid-market alternative investments through tokenization.
Liqvid connects capital allocators with curated, yield-generating opportunities across:
• Private credit and corporate bonds
• Digital yield strategies
• Fund positions, including LP interests and GP stakes
• Other alternative assets and strategies
On the other side, Liqvid gives  originators seamless access to capital, built-in distribution, and ready-to-use tokenization infrastructure.
The result: liquid, accessible, and scalable exposure to mid-market alternative investments.

EURS is the largest Euro-backed digital asset, combining the benefits of the world’s second most traded currency with the transparency, immutability, and efficiency of the blockchain.

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

MEZENCAPTVL2

WisdomTree Short-Term Treasury Digital Fund

WisdomTree Floating Rate Treasury Digital Fund

WisdomTree Long Term Treasury Digital Fund

WisdomTree 7-10 Year Treasury Digital Fund

WisdomTree 3-7 Year Treasury Digital Fund

WisdomTree TIPS Digital Fund

WisdomTree Government Money Market Digital Fund

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.

Paxos is a regulated blockchain company that transforms financial infrastructure using technology to tokenize, custody, trade, and settle assets for major clients like PayPal and Bank of America, striving for a more inclusive economy.

WisdomTree is a global financial innovator offering a diversified suite of exchange-traded products (ETPs), model portfolios, and blockchain-enabled solutions. As a leading independent ETF provider, WisdomTree is also at the forefront of digital finance, having launched a range of blockchain-based funds spanning money markets, equities, fixed income, and asset allocation, along with tokenized assets like gold. These offerings are accessible via WisdomTree Prime® for U.S. retail investors and WisdomTree Connect™ for institutions. Through subsidiaries focused on digital asset management and money services, WisdomTree aims to enhance access, transparency, and user experience across modern financial infrastructure.

AUDC is the issuer of the AUDD – Australian Digital Dollar, a 1:1 AUD-backed stablecoin. AUDC's technology delivers fast, cost-effective payments for businesses, institutions, and various use cases.

Brale is a stablecoin issuance and tokenization platform that helps businesses create bespoke stablecoins and digital assets.

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.

WisdomTree Digital Holdings

GMO Trust was established in 2020 and is a wholly-owned subsidiary of GMO Internet Group Inc. Regulated by the New York Department of Financial Services, GMO Trust empower businesses and individuals worldwide with financial-grade digital assets.

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.

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

WisdomTree 500 Digital Fund

WisdomTree Technology & Innovation 100 Digital Fund

WisdomTree Siegel Global Equity Digital Fund

WisdomTree Siegel Moderate Digital Fund

WisdomTree Siegel Longevity Digital Fund

WisdomTree Short-Duration Income Digital Fund

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

Rivool Finance is a blockchain-enabled marketplace that bridges Brazilian agribusiness credit demand with international investors

Mesh is a digital capital markets platform for raising capital and trading capital markets assets. It is a multisided platform that connects issuers and investors directly to each other in a trusted way, facilitating easy interaction as well as secure, efficient and cost-effective trade. 

Using the best of leading-edge blockchain technology, Mesh has removed many of the traditional barriers to entry, eliminated excessive participation costs, and made capital raising and investing much more efficient for all market participants.

Mesh Trade SA (Pty) Ltd is a licensed Financial Services Provider (53710) and an Accountable Institution registered with the Financial Intelligence Centre.

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

AllUnity is a regulated e-money institute building Europe’s digital payments infrastructure for
instant cross-border payments, digital asset markets, and seamless liquidity flows. Established
by DWS, Flow Traders, and Galaxy, AllUnity delivers fully backed, MiCAR-compliant stablecoins
(EURAU and CHFAU) that provide regulatory certainty and robust reserve backing for secure,
frictionless capital movement across markets.

Goldman Investments R&B Towers Owner LP

Marquis Hamptons, LLC

602 Avenida Victoria, LLC & 612 Avenida Victoria, LLC

Maidstone Realty, LLC

Drifter Nola, LLC

Olympus Capital Real Estate, LLC

RS Carmen Hotel, LLC

WisdomTree Private Credit and Alternative Income Digital Fund

Bitbond is the leading tokenization infrastrcuture provider – our no-code smart contract generator Token Tool serves thousands of users globally.

Figure Certificate Company is an SEC-registered face-amount certificate company that issues interest-bearing, unsecured “Figure Certificates” through a public registration.

Figure Certificate Company

Societe Generale - FORGE (SG-FORGE) is the digital-asset arm of Société Générale, a fully regulated subsidiary that builds institutional-grade blockchain infrastructure to issue and manage tokenized financial products on blockchains.

Stablecorp Digital Currencies Inc.

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.

The Republic of the Marshall Islands (RMI) is a sovereign Pacific island nation operating under a fully dollarized economy through its Compact of Free Association with the United States. The RMI is the issuer of USDM1, the first digital secured sovereign debt instrument issued natively on the blockchain, backed one-to-one by short-dated U.S. Treasuries. The instrument is issued under New York law, with collateral held by an independent US-based trustee. 


Government of the Republic of the Marshall Islands

Cometum

Realiz is a Luxembourg-based securitization fund revolutionizing traditional finance through blockchain and DeFi.
We structure financial products for SMEs, tokenizing them as real-world assets (RWAs) to unlock private credit and enable seamless on-chain trading.
This bridges regulated securitization with digital markets, providing wealth managers, family offices, UHNWI, and retail investors access to liquid, high-yield, diversified opportunities.
Our mission unites structured finance expertise with tokenization and DeFi integration, democratizing premium investments via compliant, low-entry digital securities.
Backed by strategic partnerships and a robust distribution network, Realiz delivers secure, transparent, and innovative portfolio enhancement.

Realiz Digital Assets Fund

Franklin Templeton Trust

Franklin Templeton Investments VCC

Franklin Templeton OnChain Funds

United States of America

British Virgin Islands

Germany

Liechtenstein

Switzerland

Hong Kong

Singapore

Australia

France

Brazil

Luxembourg

Republic of the Marshall Islands

European Union

Stellar

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

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.

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.

Figure Technology Solutions, Inc. is a public fintech company that builds blockchain-based capital markets infrastructure, including loan origination, lending, trading, and investing platforms focused on consumer credit, digital assets, and real-world assets. Its Class A common stock trades on Nasdaq under FIGR, while its blockchain-native common stock is associated with FGRS / OPEN.

RedSwan converts real estate ownership into digital tokens, unlocking liquidity and democratizing access. Operating at the intersection of real estate, blockchain, and digital asset securities, RedSwan transforms traditional real estate investments into liquid, tradable assets.
As a fully SEC and FINRA-licensed platform, RedSwan ensures compliance, security, and accessibility for investors.

NYALA is a tokenization platform that covers the full lifecycle of digital assets, from issuance and distribution to transfers and interests payouts on-chain. It is licensed to issue fully regulated tokenized securities in the European Union such as bonds and equities.

Furthermore, NYALA's co-listing network connects issuers to distribution channels. We connect issuers, crowdfunding and online investment platforms with each other, which allows them to source more projects and distribute digital assets on several platforms at once to tap into new investor bases. 

NYALA is headquartered in Berlin, Germany.

M1X partners with governments to unlock new applications of blockchain technology across public sector programs and institutional markets.

In the Republic of the Marshall Islands, M1X helped the government design and implement USDM1 - a sovereign, USD-denominated, Treasury-backed financial instrument natively issued on blockchain rails - delivering quarterly Universal Basic Income disbursements across one of the world's most challenging geographies with 24/7 settlement.

The same characteristics enabling trusted benefit delivery also expand market access, allowing USDM1 to function as dual-recourse sovereign collateral for on-chain capital markets.

Our Company is at the forefront of Luxembourg's financial landscape.
We are committed to driving growth and innovation through a range of strategic financial activities:

- Dynamic Financing Solutions: Issuing bonds, providing loans, and offering a variety of financing and guarantees to support our group companies.
- Strategic Asset Management:Investing in real estate, intellectual property, and a wide array of movable and immovable assets.
- Innovative Debt Instruments: Borrowing and privately issuing bonds, notes, and other debt instruments, including warrants and share subscription rights.
- Comprehensive Operations: Engaging in commercial, industrial, and financial operations that enhance and expand our business objectives.

ACREDIT06 - TRAVESSIA ASSESSORIA FINANCEIRA LTDA.

BRPL01 - BP EDUCACAO E ENTRETENIMENTO S.A.

CHILLI09 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

CHILLI10 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

CHILLI11 - CHILLI BEANS COMERCIO DE PRODUTOS LTDA.

Capri Hotel Southampton - Equity Tranche 1

Rivool Agriculture Notes High Yield - RVL4

Rivool Agriculture Notes High Grade - RVL5

WisdomTree Treasury Money Market Digital Fund

WisdomTree Equity Premium Income Digital Fund

Assigned by the issuer and not guaranteed to be unique.

The base protocol where the token is deployed

Annualized percentage yield over the last 7 days, net of fees.

Annualized percentage yield over the last 30 days, net of fees.

Total return over the trailing 7 calendar days, compounded from daily asset performance rates

Total return over the trailing calendar month, compounded from daily asset performance rates

Total return over the trailing 3 calendar months, compounded from daily asset performance rates

Total return over the trailing calendar year, compounded from daily asset performance rates

Total return from January 1 through the latest observation date, compounded from daily asset performance rates

Total return across all available daily observations, compounded from daily asset performance rates

Total outstanding principal amount in tokens

Capital amount that has yet to be invested.

total amount issued in the deal, pool or tranche.

Also known as 'Market Capitalization'. The total market value of an asset in U.S. Dollars, calculated by multiplying the Total Supply by Price.

Sum of token value, in U.S. Dollars, burned on the given day. Calculated by multiplying Daily Burns (Token) by the NAV.

Sum of token value, in U.S. Dollars, transferred on the given day. Calculated by multiplying Daily Transfer Volume (Token) by the NAV.

Total asset value in U.S. Dollars. Calculated by multiplying the Total Supply by Net Asset Value.

Per-unit value of the asset, in U.S. Dollars, calculated based on the underlying holdings.

Capacity amount available for investment.

Sum of token value, in U.S. Dollars, minted on the given day. Calculated by multiplying Daily Mints (Token) by the NAV.

Total principal repaid token amount for loan asset

Total interest paid token amount by borrower/loan to lender

Total written off principal token amount for a defaulted loan asset

Total recovered token amount for a liquidated loan asset

total principal paid back in the deal, pool or tranche in tokens

Total interest earned in the deal, pool or tranche in tokens

Total funded asset token amount for loan asset

Total funds withdrawn token amount for loan asset

Market value of an asset on a per-unit basis, in U.S. Dollars. Calculated by aggregating the last traded prices from secondary markets.

Circulating asset value in U.S. Dollars. Calculated by multiplying the Circulating Token Supply by NAV.

Circulating market capitalization in U.S. Dollars. Calculated by multiplying the Circulating Token Supply by Price. A Price only exists if the token is actively traded on a secondary market.

USD value of onchain token transfers aggregated weekly

USD value of onchain token transfers aggregated monthly

USD value of onchain token transfers over the trailing 7 days

USD value of onchain token transfers over the trailing 30 days

The total number of tokens that currently exist. Calculated by netting all mints and burns.

Token supply in circulation. Calculated by subtracting balances in treasury/pre-mint addresses from Total Supply.

Total number of loans being funded by a pool over lifetime

Total number of loans currently active that are funded by the pool

Total number of loans marked as defaulted/liquidated that were funded by the pool

Unique number of addresses that interact with the contract on the given day

Unique number of addresses that hold the token. Balances below 1e-9 are not counted.

Unique number of addresses that interact with the contract in the given week.

Unique number of addresses that interact with the contract in the given month.

Unique number of addresses that interact with the contract in the given quarter.

Unique number of addresses that interact with the contract in the given year.

Number of transactions executed with the contract on the given day.

Number of onchain token transfers aggregated weekly

Number of onchain token transfers aggregated monthly

Number of onchain token transfers over the trailing 7 days

Number of onchain token transfers over the trailing 30 days

#	Platform	RWA Count	Total Value	30D%	Market Share
1	Spiko	9	$1.7B	Login to Unlock	Login to Unlock
2	Ondo	1	$536.3M	Login to Unlock	Login to Unlock
3	Franklin Templeton Benji Investments	3	$509.3M	Login to Unlock	Login to Unlock
4	Realiz	1	$500.0M	Login to Unlock	Login to Unlock
5	Circle	2	$348.4M	Login to Unlock	Login to Unlock
6	WisdomTree	16	$40.8M	Login to Unlock	Login to Unlock
7	Centrifuge	4	$29.4M	Login to Unlock	Login to Unlock
8	Figure	1	$25.2M	Login to Unlock	Login to Unlock
9	Rivool Finance	4	$24.7M	Login to Unlock	Login to Unlock
10	Societe Generale - FORGE	1	$17.2M	Login to Unlock	Login to Unlock

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