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

$38.38B

▲+2.46%from 30d ago

Represented Asset Value

$375.41B

▼2.66%from 30d ago

Stablecoin Value

$298.02B

▼0.75%from 30d ago

Total RWA Holders

1,746,842

▲+58.68%from 30d ago

Total Stablecoin Holders

282.80M

▲+3.60%from 30d ago

Total Platforms

208

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 08/11/2026

Top Net Flows

As of 08/11/2026

Include Stablecoins

Tokenization Platforms

197 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	25	$4,949,157,189 ▼	1,864 ▲	U.S. Treasury Funds Venture Capital+7 more	+7 more
2	Ondo	441	$3,590,839,438 ▼	205,404 ▲	U.S. Treasury Funds Stocks+6 more	+5 more
3	Circle	1	$3,005,346,514 ▲	37 ▼	Stablecoins U.S. Treasury Funds	+10 more
4	Tether Holdings	1	$2,657,824,687 ▲	73,581 ▲	Stablecoins Commodities
5	Franklin Templeton Benji Investments	4	$2,526,218,555 ▲	1,184 ▲	U.S. Treasury Funds
6	Spiko	9	$2,343,359,310 ▲	13,747 ▲	Active Strategies Non-U.S. Government Debt+1 more
7	Paxos	1	$1,919,701,858 ▲	82,000 ▲	Stablecoins Commodities
8	Centrifuge	8	$1,643,535,724 ▼	968 ▲	U.S. Treasury Funds Corporate Credit+2 more	+1 more
9	Ethena	1	$1,512,384,804 ▼	13,121 ▲	Stablecoins Active Strategies
10	STOKR	9	$1,338,091,986 ▲	58 △	Specialty Finance Corporate Credit+2 more	Liquid Network
11	Libeara	14	$973,308,625 ▼	42 ▲	U.S. Treasury Funds Non-U.S. Government Debt+1 more
12	Maple	4	$970,682,150 ▼	4,454 ▲	Asset-Backed Credit U.S. Treasury Funds
13	Kinexys Digital Assets	2	$894,045,874 ▲	8 △	U.S. Treasury Funds	Ethereum
14	Superstate	2	$846,308,861 ▲	154 ▲	U.S. Treasury Funds Active Strategies
15	WisdomTree	16	$806,325,026 ▲	2,707 ▲	U.S. Treasury Funds Stocks+2 more
16	Ctrl Alt	31	$730,093,814 ▲	3,980 ▲	Private Equity Commodities+2 more
17	xStocks	656	$681,254,979 ▲	286,099 ▲	Stocks Commodities+4 more	+1 more
18	bStocks	67	$619,571,283 ▲	222,351 ▲	Stocks	BNB Chain
19	Hastra	2	$526,789,447 ▲	2,188 ▲	Asset-Backed Credit
20	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar

Showing 1 to 20 of 197 results

Tokenization Platforms (Represented)

23 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	—	$334,802,859,727 ▼	Repurchase Agreements	Canton
2	Figure	2	$21,082,493,891 ▲	Asset-Backed Credit Stablecoins+1 more
3	Bridgetower	1	$10,727,849,549 ▼	Specialty Finance	Avalanche C-Chain
4	Justoken	6	$2,876,252,017 ▼	Commodities Specialty Finance
5	Tradable	48	$2,194,090,188 ▲	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
6	CRX Digital Assets	88	$1,022,699,258 ▲	Asset-Backed Credit Corporate Credit	XRP Ledger
7	PACT	7	$571,197,738 ▲	Asset-Backed Credit Corporate Credit	Aptos
8	VERT Capital	13	$435,790,364 ▼	Corporate Credit Asset-Backed Credit	XRP Ledger
9	Ctrl Alt	31	$400,220,606 △	Private Equity Commodities+2 more
10	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
11	Tokeny by Apex	3	$283,972,388 △	Active Strategies
12	MB \| Mercado Bitcoin	847	$271,425,808 ▲	Asset-Backed Credit Specialty Finance+1 more	R
13	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
14	Alphaledger	1,425	$125,856,305 ▼	Specialty Finance Active Strategies	Solana
15	Fidelity Investments	1	$59,814,924 ▼	U.S. Treasury Funds	Ethereum
16	Enzyme Onyx	1	$27,620,197 ▲	Asset-Backed Credit
17	Sygnum Bank	3	$23,884,965 ▲	U.S. Treasury Funds
18	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
19	Robinhood	1,921	$22,332,317 ▲	Stocks Commodities+8 more
20	MetaWealth	10	$2,140,000 △	Real Estate

Showing 1 to 20 of 23 results

Stablecoin Platforms

104 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	5	$179,379,644,621 ▲	137,031,636 ▲	Stablecoins Commodities
2	Circle	2	$69,331,756,312 ▼	35,816,639 ▲	Stablecoins U.S. Treasury Funds	+10 more
3	Binance Bridge	3	$11,051,098,529 ▲	78,015,730 ▲	Stablecoins	BNB Chain
4	Sky	1	$6,581,602,639 ▼	25,999 ▲	Stablecoins
5	BitGo	2	$4,316,131,212 ▼	399,988 ▲	Stablecoins
6	Paxos	5	$4,290,207,684 ▲	609,553 ▲	Stablecoins Commodities
7	Ethena	3	$4,232,003,337 ▲	67,323 ▲	Stablecoins Active Strategies
8	MakerDAO	1	$4,036,028,010 ▼	656,091 ▲	Stablecoins	Ethereum
9	Anchorage Digital Bank	5	$1,708,437,081 ▼	319,905 ▲	Stablecoins
10	Polygon Bridge	2	$1,531,480,876 ▼	7,204,883 ▲	Stablecoins	Polygon
11	RLUSD	1	$1,498,657,548 ▲	62,841 ▲	Stablecoins
12	Falcon Finance	1	$1,288,353,506 ▼	7,005 ▼	Stablecoins
13	USDT0	1	$897,185,996 ▼	8,387,525 ▲	Stablecoins
14	Arbitrum L1 Custom Gateway	2	$888,600,401 ▼	6,089,537 ▲	Stablecoins	Arbitrum
15	Aave	1	$697,732,567 ▲	7,125 ▲	Stablecoins	Ethereum
16	Figure	1	$658,477,902 ▲	3,840 ▲	Asset-Backed Credit Stablecoins+1 more
17	Usual	1	$550,960,705 ▼	123,093 ▼	Stablecoins	Ethereum
18	Solstice	1	$516,781,910 ▼	15,228 ▼	Stablecoins	Solana
19	Multipli	2	$346,707,929 ▼	88 ▲	Stablecoins
20	Frax Finance	2	$314,104,294 ▼	12,768 ▲	Stablecoins	+2 more

Showing 1 to 20 of 104 results

Documentation Blog Careers Terms of Use Privacy Policy