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

$23.90B

▲+10.88%from 30d ago

Represented Asset Value

$21.41B

▼94.30%from 30d ago

Stablecoin Value

$294.31B

▼0.16%from 30d ago

Total RWA Holders

834,688

▲+34.51%from 30d ago

Total Stablecoin Holders

226.46M

▲+3.86%from 30d ago

Total Platforms

146

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 02/08/2026

Top Net Flows

As of 02/08/2026

Include Stablecoins

Distributed Platforms

130 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	$3,013,506,905 ▼	1,827 ▲	U.S. Treasuries Institutional Funds+2 more	+4 more
2	Tether Holdings	1	$2,627,829,508 ▲	30,914 ▲	Stablecoins Commodities
3	Ondo	204	$2,483,946,652 ▲	79,004 ▲	U.S. Treasuries Stocks+1 more	+4 more
4	Paxos	1	$2,276,239,646 ▲	97,144 ▲	Stablecoins Commodities
5	Maple	16	$2,199,224,687 ▲	4,677 ▲	Private Credit U.S. Treasuries
6	Circle	1	$1,584,901,980 ▲	56 ▼	Stablecoins U.S. Treasuries	+7 more
7	STOKR	6	$1,424,464,598 ▼	56 ▲	Corporate Bonds Institutional Funds+1 more	Liquid Network
8	Centrifuge	4	$1,344,471,252 ▲	24 ▲	Institutional Funds U.S. Treasuries+1 more
9	Libeara	14	$1,063,077,310 ▲	38 ▲	U.S. Treasuries Non-U.S. Government Debt+1 more
10	Superstate	2	$965,437,124 ▼	160 ▲	U.S. Treasuries Institutional Funds
11	Spiko	5	$911,061,696 ▲	2,730 ▲	Non-U.S. Government Debt U.S. Treasuries+1 more
12	Franklin Templeton Benji Investments	1	$897,563,296 ▲	1,038 ▲	U.S. Treasuries
13	WisdomTree	15	$765,547,576 ▼	2,319 ▲	U.S. Treasuries Stocks+3 more
14	Hastra	1	$254,066,135 ▲	2,407 △	Private Credit	Solana
15	xStocks	74	$210,480,305 ▲	235,807 ▲	Stocks
16	Theo	1	$165,834,511 ▲	344 ▲	U.S. Treasuries	Ethereum
17	Midas	3	$158,376,112 ▼	3,111 ▼	Institutional Funds U.S. Treasuries+1 more
18	Resolv	1	$142,878,499 ▼	5,342 ▼	Stablecoins Actively Managed Strategies	Ethereum
19	Pareto	4	$133,686,867 ▲	38 ▲	Private Credit Stablecoins	Ethereum
20	Kinexys Digital Assets	1	$100,343,761 ▲	1 △	U.S. Treasuries	Ethereum

Showing 1 to 20 of 130 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	—	$350,209,848,368 ▼	Repurchase Agreements	Canton
2	Figure	1	$15,011,062,825 ▲	Private Credit	Provenance
3	Tradable	49	$2,292,419,269 ▼	Private Credit	ZKsync Era
4	Justoken	6	$1,491,836,451 ▲	Commodities Private Credit
5	PACT	7	$597,836,420 ▼	Private Credit	Aptos
6	Ctrl Alt	30	$445,229,816 ▲	Commodities Real Estate+2 more
7	Intain	2	$431,881,634 △	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	708	$222,861,387 ▲	Private Credit Stablecoins	R
11	Fidelity Investments	1	$158,658,040 ▼	U.S. Treasuries	Ethereum
12	Cashlink	4	$122,456,545 ▲	Corporate Bonds	Polygon
13	Sygnum Bank	1	$47,030,471 ▲	U.S. Treasuries	ZKsync Era
14	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
15	Robinhood	1,418	$14,524,478 ▲	Stocks	Arbitrum
16	Wavist	1	$1,000,000 △	Private Credit	Ethereum

Showing 1 to 16 of 16 results

Stablecoin Platforms

75 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	$173,822,009,307 ▼	115,604,871 ▲	Stablecoins Commodities
2	Circle	2	$72,460,124,104 ▼	29,475,286 ▲	Stablecoins U.S. Treasuries	+7 more
3	MakerDAO	1	$9,914,148,243 ▲	761,082 ▲	Stablecoins	Ethereum
4	Binance	2	$9,269,597,030 ▼	52,368,856 ▲	Stablecoins	BNB Chain
5	Ethena	3	$7,408,482,053 ▲	351,041 ▲	Stablecoins
6	BitGo	1	$5,309,904,781 ▲	467,180 ▼	Stablecoins
7	Paxos	5	$5,089,865,333 ▲	549,697 ▲	Stablecoins Commodities
8	Polygon Bridge	3	$2,251,761,240 ▼	14,469,282 ▲	Stablecoins	Polygon
9	Falcon Finance	1	$1,761,177,081 ▼	12,080 ▼	Stablecoins
10	RLUSD	1	$1,491,835,676 ▲	41,009 ▲	Stablecoins
11	Arbitrum L1 Custom Gateway	2	$1,014,186,263 ▼	5,926,516 ▲	Stablecoins	Arbitrum
12	Usual	1	$570,363,088 ▲	126,501 ▼	Stablecoins	Ethereum
13	Aave	1	$517,290,838 ▲	8,190 ▲	Stablecoins	Ethereum
14	USDai Protocol	1	$455,683,193 ▼	4,439 ▼	Stablecoins	Arbitrum
15	Resolv	1	$353,311,699 ▲	11,331 ▲	Stablecoins Actively Managed Strategies	Ethereum
16	First Digital Labs	1	$348,767,792 ▼	59,992 ▲	Stablecoins
17	Solstice	1	$302,483,194 ▼	25,749 ▼	Stablecoins	Solana
18	Frax Finance	1	$269,736,444 ▼	13,791 ▲	Stablecoins	Ethereum
19	Optimism Bridge	2	$246,268,092 ▲	3,838,066 ▼	Stablecoins	Optimism
20	Agora Ledger	1	$123,045,917 ▲	63,394 ▲	Stablecoins

Showing 1 to 20 of 75 results

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