Tokenization Platforms

Analyze key performance indicators across tokenization platforms powering tokenized real-world assets. Learn more about tokenized RWAs on the RWA.xyz Research Blog.

Distributed Asset Value

$25.71B

▲+4.09%from 30d ago

Represented Asset Value

$394.05B

▲+9.36%from 30d ago

Stablecoin Value

$297.51B

▲+0.09%from 30d ago

Total RWA Holders

653,011

▲+3.76%from 30d ago

Total Stablecoin Holders

229.90M

▲+5.90%from 30d ago

Total Platforms

161

Platform Metrics

Asset Type

Metric

Include Stablecoins

Include stablecoins, cash and cash-equivalents

Platform Asset Value

Include Stablecoins

Asset Type

Distributed assets use the blockchain as a distribution layer, enabling onchain investors to subscribe, hold, and manage assets directly through their own wallets or custodians.

as of 02/28/2026

Top Net Flows

As of 02/28/2026

Include Stablecoins

Distributed Platforms

145 Total

Platforms that issue tokens using the blockchain as a distribution layer, enabling onchain investors to subscribe, hold, and manage assets directly through their own wallets or custodians.

#	Name	RWA Count	RWA Total Value (Excl. Stablecoins)	RWA Holders	Offered Asset Classes	Supported Networks

#	Name	RWA Count	RWA Total Value (Excl. Stablecoins)	RWA Holders	Offered Asset Classes	Supported Networks
1	Securitize	21	$3,242,173,490 ▲	1,775 ▼	U.S. Treasuries Institutional Funds+2 more	+4 more
2	Tether Holdings	1	$2,910,305,722 ▲	32,860 ▼	Stablecoins Commodities
3	Ondo	204	$2,652,289,543 ▲	78,864 ▲	U.S. Treasuries Stocks+1 more	+4 more
4	Paxos	1	$2,455,814,240 ▲	75,964 ▲	Stablecoins Commodities
5	Maple	16	$2,331,472,296 ▲	4,497 ▲	Private Credit U.S. Treasuries
6	Circle	1	$1,794,353,208 ▼	42 ▼	Stablecoins U.S. Treasuries	+7 more
7	STOKR	6	$1,676,811,749 ▲	56 △	Corporate Bonds Institutional Funds+1 more	Liquid Network
8	Binance	—	$1,430,608,317 ▼	—	Stablecoins	BNB Chain
9	Centrifuge	4	$1,347,039,489 ▲	23 ▲	Institutional Funds U.S. Treasuries+1 more
10	Libeara	14	$1,076,476,786 ▼	37 ▼	U.S. Treasuries Non-U.S. Government Debt+1 more
11	Spiko	5	$1,021,210,633 ▲	2,630 ▲	Non-U.S. Government Debt U.S. Treasuries+1 more
12	Superstate	2	$930,291,361 ▼	140 ▼	U.S. Treasuries Institutional Funds
13	Franklin Templeton Benji Investments	1	$921,640,494 ▲	982 ▲	U.S. Treasuries
14	WisdomTree	16	$766,139,707 ▲	2,145 ▲	U.S. Treasuries Stocks+3 more
15	Hastra	1	$329,914,946 ▲	1,417 ▲	Private Credit	Solana
16	xStocks	75	$227,378,803 ▲	110,607 ▲	Stocks
17	Midas	3	$150,877,455 ▼	2,568 ▲	Institutional Funds U.S. Treasuries+1 more
18	Theo	1	$136,569,056 ▼	315 ▼	U.S. Treasuries	Ethereum
19	Pareto	4	$133,739,140 ▲	38 △	Private Credit Stablecoins	Ethereum
20	OnRe	1	$118,232,683 ▲	4,772 ▲	Institutional Funds	Solana

Showing 1 to 20 of 145 results

Represented Platforms

16 Total

Platforms that issue tokens using the blockchain as a recordkeeping layer, enhancing transparency, reconciliation, and operational efficiency without enabling onchain investor transfer or distribution.

#	Name	RWA Count	RWA Total Value (Excl. Stablecoins)	Offered Asset Classes	Supported Networks

#	Name	RWA Count	RWA Total Value (Excl. Stablecoins)	Offered Asset Classes	Supported Networks
1	Broadridge DLR	—	$372,173,825,660 ▲	Repurchase Agreements	Canton
2	Figure	1	$15,438,097,551 ▲	Private Credit	Provenance
3	Tradable	49	$2,296,261,832 ▼	Private Credit	ZKsync Era
4	Justoken	6	$1,560,505,258 ▲	Commodities Private Credit
5	PACT	7	$595,173,283 ▲	Private Credit	Aptos
6	Ctrl Alt	31	$462,729,706 ▲	Commodities Real Estate+2 more
7	Intain	2	$394,674,455 ▼	Private Credit	Intain
8	Tokeny	2	$283,972,388 △	Institutional Funds	Avalanche C-Chain
9	VERT Capital	8	$269,801,851 △	Private Credit	XRP Ledger
10	MB \| Mercado Bitcoin	733	$186,729,530 △	Private Credit Stablecoins	R
11	Fidelity Investments	1	$179,358,279 ▲	U.S. Treasuries	Ethereum
12	Cashlink	4	$122,270,284 ▼	Corporate Bonds	Polygon
13	Sygnum Bank	1	$47,115,581 ▲	U.S. Treasuries	ZKsync Era
14	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
15	Robinhood	1,522	$15,599,757 ▲	Stocks	Arbitrum
16	Wavist	1	$1,000,000 △	Private Credit	Ethereum

Showing 1 to 16 of 16 results

Stablecoin Platforms

87 Total

Platforms that issue stablecoins or synthetic assets designed to represent the value of national currencies (e.g., the U.S. dollar), facilitating onchain payments, settlement, and liquidity.

#	Name	Stablecoin Asset Count	Stablecoins Market Cap	Stablecoin Holders	Offered Asset Classes	Supported Networks

#	Name	Stablecoin Asset Count	Stablecoins Market Cap	Stablecoin Holders	Offered Asset Classes	Supported Networks
1	Tether Holdings	6	$173,967,086,024 ▼	116,767,465 ▲	Stablecoins Commodities
2	Circle	2	$73,648,608,225 ▲	29,410,438 ▲	Stablecoins U.S. Treasuries	+7 more
3	MakerDAO	1	$10,345,766,105 ▲	618,087 ▲	Stablecoins	Ethereum
4	Binance	2	$9,275,829,027 ▲	53,074,238 ▲	Stablecoins	BNB Chain
5	Ethena	3	$7,071,213,310 ▼	344,917 ▲	Stablecoins
6	Paxos	5	$5,775,892,164 ▲	505,284 ▲	Stablecoins Commodities
7	BitGo	1	$4,624,577,014 ▼	343,745 ▲	Stablecoins
8	Polygon Bridge	3	$2,498,154,441 ▲	13,916,535 ▲	Stablecoins	Polygon
9	Falcon Finance	1	$1,737,252,775 ▼	7,566 ▼	Stablecoins
10	RLUSD	1	$1,495,188,346 ▲	41,204 ▲	Stablecoins
11	Arbitrum L1 Custom Gateway	2	$971,784,271 ▼	5,949,611 ▲	Stablecoins	Arbitrum
12	Usual	1	$562,973,203 ▼	123,757 ▼	Stablecoins	Ethereum
13	Aave	1	$517,452,818 ▲	6,271 ▲	Stablecoins	Ethereum
14	USDai Protocol	1	$384,815,038 ▼	3,298 ▼	Stablecoins	Arbitrum
15	Solstice	1	$369,575,315 ▲	20,405 ▼	Stablecoins	Solana
16	First Digital Labs	1	$327,499,465 ▼	56,738 ▲	Stablecoins
17	Techteryx	1	$280,951,906 ▲	645,288 ▲	Stablecoins
18	Frax Finance	1	$268,141,363 ▼	8,188 ▲	Stablecoins	Ethereum
19	Optimism Bridge	2	$240,706,223 ▼	3,750,686 ▼	Stablecoins	Optimism
20	Neutrl	1	$227,228,060 ▲	476 ▲	Stablecoins	Ethereum

Showing 1 to 20 of 87 results

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