Justoken

RLUSD

VERT Capital

Ondo

Ctrl Alt

MB | Mercado Bitcoin

CRX Digital Assets

Braza Crypto

OpenEden Digital

Zeconomy

Asseto

Societe Generale - FORGE

Circle

Schuman Financial

AUDC Pty Ltd

Archax

Commodities

Stablecoins

US Treasury Debt

Corporate Credit

Asset-Backed Credit

Active Strategies

Real Estate

Private Equity

non-US Government Debt

Bank of New York Mellon

Guggenheim Treasury Services

Fisherman Capital

Archx Capital

DL Capital (HK)

abrdn Investments

The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency purpose-built for payments. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It's more than just a blockchain – it's a global developer community dedicated to transforming future business solutions. Learn more and build your business with confidence at XRPL.org.

Ondo I

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.

Standard Custody & Trust Company

Ctrl Alt is the go-to B2B infrastructure provider for alternative assets. We are dedicated to addressing the real-world challenges facing the financial sector today. From empowering asset owners to discover innovative ways to raise capital, to enabling investors to seamlessly allocate to alternative assets, we provide a comprehensive suite of solutions designed for simplicity, cost-efficiency, and innovation.

abrdn Liquidity 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

Montis Group Limited

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

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. 

VERT is an all-in-one service provider for the capital markets, offering comprehensive financial solutions for structured operations. From structuring and securitizing a wide range of instruments to fund management and administration—where it consistently ranks among top industry leaders—VERT bridges originators and investors across agribusiness, fintech, real estate, and trade credit sectors.

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

Exchange Bank Regulated By BACEN (Central Bank of Brazil).

Braza Bank

Great Bridge Capital Company, LLC (Great Bridge) is a fully supported, multiseller asset-backed commercial paper (ABCP or CP) program established in June 2014. Great Bridge is structured as a bankruptcy-remote, special-purpose Delaware limited liability company. Its primary purpose is to purchase assets and make loans secured by interests in various financial assets and other eligible securities by issuing CP with maturities of up to 397 days. Guggenheim Treasury Services, LLC (GTS) serves as the program’s manager, The Bank of New York Mellon (BNYM) serves as the program’s Issuing and Paying Agent (IPA).

Great Bridge Capital 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.

Regional Brazilian telecom operator providing enterprise fiber/data services since 2003, operating under the Aloo Telecom brand across multiple states.

FSF Tecnologia

Brazil-based apparel company behind the DelRio lingerie brand; headquartered in Maracanaú, Ceará.

CPS Companhia de Produção Sustentável

One of Brazil’s largest sugar-ethanol producers, Usina Coruripe operates five mills across Alagoas and Minas Gerais and also sells power from biomass, with strong export exposure.

Usina Coruripe Açúcar e Álcool

Brazilian securitization house within Opea Capital, issuing and managing receivables-backed instruments (e.g., CRI/CRA/FIDC) and structuring credit deals for corporates; ANBIMA-member securitizadora.

Opea Securitizadora

Ctrl Alt Solutions

Fisherman Capital Fund SPC - Orca SP

DL High Growth Investments LPF

United States of America

British Virgin Islands

Cayman Islands

Australia

Hong Kong

United Kingdom

France

Ireland

United Arab Emirates

Brazil

Luxembourg

Argentina

XRP Ledger

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

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").

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.

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.

Zeconomy’s mission is to enhance the value, utility, and returns of traditional financial products through blockchain technology. With top-tier security and compliance, its platform, AmpFi.Digital, delivers asset-backed, rated digital assets built on stable instruments like T-bills and commercial paper that can be transformed into new utility, higher returns, and unique opportunities for issuers, DeFi platforms, and corporate investors.

Archax is an FCA regulated digital asset exchange, broker and custodian, based in London. Founded by capital markets experts, Archax offers the credible bridge between blockchain and traditional finance, supporting a range of assets including cryptocurrencies and regulated tokenised real-world assets. Archax supports the full digital asset lifecycle from token issuance and distribution through to trading and custody.

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.

CRX is a B2B infrastructure stack for Brazil’s institutional RWA capital markets—built by Web3 infra firm Cryptum and capital-markets specialist ArchX—that lets regulated institutions issue, manage, and distribute tokenized credit and other assets, linking origination, structured-finance workflows, and digital settlement rails to improve efficiency, liquidity, and global distribution.

abrdn Liquidity Fund (Lux) – US Dollar Fund

ACORDO01 - CLUBE DE REGATAS VASCO DA GAMA

ACREDIT01 - TRAVESSIA ASSESSORIA FINANCEIRA LTDA.

ACREDIT02 - TRAVESSIA ASSESSORIA FINANCEIRA LTDA.

ASCENS31 - BRK GESTÃO E PARTICIPAÇÕES LTDA.

AUDAX02 - AUDAX CAPITAL SECURITIZADORA S.A

BINVEST01 - BINVEST SECURITIZADORA DE CREDITOS SA

BINVEST02 - BINVEST SECURITIZADORA DE CREDITOS SA

BINVEST03 - BINVEST SECURITIZADORA DE CREDITOS SA

BINVEST05 - BINVEST SECURITIZADORA DE CRÉDITOS SA

BINVESTYIELD01 - BINVEST SECURITIZADORA DE CREDITOS SA

BLIPAY02 - BLIPAY COMPANHIA SECURITIZADORA S.A.

CARTAO02 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO03 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO45 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO46 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO47 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO48 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO49 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO66 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO67 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO68 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO69 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO71 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO72 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO76 - COONEX PRODUTOS E SOLUCOES LTD


CARTAOSB47 - COONEX PRODUTOS E SOLUCOES LTD


CARTAOSB71 - COONEX PRODUTOS E SOLUCOES LTD


CARTAOSUB02 - COONEX PRODUTOS E SOLUCOES LTD


CONSRC02 - RANDON SA IMPLEMENTOS E PARTICIPACOES

CONSRC03 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC06 - PORTO SEGURO ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC07 - ADMINISTRADORA DE CONSORCIO UNICOOB LTDA

CONSRC11 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC12 - ITAU 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

CONSRC21 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

CONSRC23 - 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

CONSRC37 - CONSORCIO NACIONAL VOLKSWAGEN - ADMINISTRADORA DE CONSORCIO LTDA

CONSRC38 - 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

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

CONSRC55 - ITAU ADMINISTRADORA DE CONSORCIOS LTDA

CONSRC56 - SANTANDER BRASIL ADMINISTRADORA DE CONSORCIO LTDA

Usina Coruripe - 5th Simple Debenture Issuance

Aloo Telecom – 3rd Private Credit Issuance

Aloo Telecom – 2nd Corporate Bond Issuance

Opea - 16th Debenture (Tokenized) - Series 2

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	RLUSD	1	$381.8M	▲20.12%	37.26% ▼
2	Ondo	1	$323.1M	▲101.3%	31.53% ▲
3	CRX Digital Assets	7	$105.9M	0%	10.33% ▼
4	Braza Crypto	2	$87.5M	▲14.07%	8.54% ▼
5	OpenEden Digital	1	$43.6M	▼26.29%	4.25% ▼
6	Zeconomy	1	$40.3M	▲0.15%	3.93% ▼
7	Asseto	3	$24.4M	0%	2.38% ▼
8	Societe Generale - FORGE	1	$11.7M	▲1.59%	1.14% ▼
9	Circle	1	$6.0M	▲44.29%	0.59% ▲
10	Schuman Financial	1	$413.90K	▼9.72%	0.04% ▼

XRP Ledger

Asset Type

Metric