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

$29.09B

▲+8.95%from 30d ago

Represented Asset Value

$370.84B

▲+8.34%from 30d ago

Stablecoin Value

$300.65B

▼0.03%from 30d ago

Total RWA Holders

719,151

▲+5.59%from 30d ago

Total Stablecoin Holders

242.71M

▲+3.20%from 30d ago

Total Platforms

168

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 04/10/2026

Top Net Flows

As of 04/10/2026

Include Stablecoins

Distributed Platforms

152 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	Figure	2	$16,592,176,476 ▲	159 ▲	Asset-Backed Credit Stablecoins+1 more	Provenance
2	Securitize	21	$3,852,507,635 ▲	1,792 ▲	U.S. Treasuries Venture Capital+6 more	+5 more
3	Ondo	265	$3,267,514,939 ▲	89,702 ▲	U.S. Treasuries Stocks+6 more	+4 more
4	Tether Holdings	1	$2,740,687,009 ▼	39,372 ▼	Stablecoins Commodities
5	Circle	1	$2,676,616,312 ▲	44 ▼	Stablecoins U.S. Treasuries	+8 more
6	Maple	4	$2,423,397,231 ▲	5,705 ▲	Asset-Backed Credit U.S. Treasuries
7	Paxos	1	$2,404,893,255 ▼	82,093 ▲	Stablecoins Commodities
8	Centrifuge	8	$1,727,326,617 ▲	90 ▲	U.S. Treasuries Corporate Credit+2 more
9	Spiko	9	$1,438,170,179 ▲	6,196 ▲	Non-U.S. Government Debt Active Strategies+1 more
10	Binance Bridge	—	$1,395,128,509 ▲	—	Stablecoins	BNB Chain
11	STOKR	6	$1,357,377,821 ▼	55 ▼	Specialty Finance Corporate Credit+2 more	Liquid Network
12	Libeara	14	$1,115,661,861 ▲	40 ▲	U.S. Treasuries Non-U.S. Government Debt+1 more
13	Franklin Templeton Benji Investments	1	$1,018,720,853 ▼	1,098 ▲	U.S. Treasuries
14	WisdomTree	16	$891,334,325 ▲	2,600 ▲	U.S. Treasuries Stocks+2 more
15	Superstate	2	$830,086,585 ▲	147 ▲	U.S. Treasuries Active Strategies
16	Cross-Chain Interoperability Protocol (CCIP)	3	$389,856,281 ▼	3,644 ▲	Asset-Backed Credit Stablecoins+1 more
17	Hastra	1	$346,751,682 ▲	1,665 ▲	Asset-Backed Credit	Solana
18	xStocks	141	$260,358,580 ▲	138,763 ▲	Stocks Commodities+3 more
19	Asseto	5	$247,862,586 ▲	38 △	Diversified Credit Active Strategies+1 more
20	Matrixdock	2	$182,866,566 ▲	53,571 ▼	U.S. Treasuries Commodities

Showing 1 to 20 of 152 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	—	$348,042,266,372 ▲	Repurchase Agreements	Canton
2	Tradable	48	$2,221,718,084 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
3	Justoken	6	$1,673,564,469 ▲	Commodities Specialty Finance
4	Ctrl Alt	31	$637,905,945 ▲	Commodities Private Equity+2 more
5	PACT	7	$583,569,042 ▼	Asset-Backed Credit Corporate Credit	Aptos
6	Intain	2	$431,881,634 △	Asset-Backed Credit Specialty Finance	Intain
7	Tokeny	2	$283,972,388 △	Active Strategies	Avalanche C-Chain
8	VERT Capital	8	$269,801,851 ▲	Corporate Credit Asset-Backed Credit	XRP Ledger
9	MB \| Mercado Bitcoin	781	$196,513,343 ▲	Asset-Backed Credit Specialty Finance+1 more	R
10	Fidelity Investments	1	$171,891,721 ▼	U.S. Treasuries	Ethereum
11	Cashlink	4	$120,778,743 ▲	Non-U.S. Government Debt Corporate Credit+1 more	Polygon
12	Sygnum Bank	1	$38,574,304 ▼	U.S. Treasuries	ZKsync Era
13	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
14	Robinhood	1,655	$3,202,117 ▼	Stocks Commodities+8 more	Arbitrum
15	Alphaledger	1,425	$2,555,683 ▼	Specialty Finance Active Strategies	Solana
16	Wavist	1	$1,000,000 △	Specialty Finance	Ethereum

Showing 1 to 16 of 16 results

Stablecoin Platforms

92 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	$174,608,397,311 ▲	121,318,951 ▲	Stablecoins Commodities
2	Circle	2	$73,094,837,257 ▼	28,909,949 ▲	Stablecoins U.S. Treasuries	+8 more
3	Binance Bridge	3	$10,555,341,330 ▼	60,761,180 ▲	Stablecoins	BNB Chain
4	Sky	1	$7,890,067,937 ▲	22,465 ▲	Stablecoins
5	Ethena	3	$6,880,341,082 ▲	352,269 ▲	Stablecoins
6	Paxos	5	$5,975,322,051 ▲	531,030 ▲	Stablecoins Commodities
7	BitGo	1	$4,356,936,138 ▼	389,804 ▲	Stablecoins
8	MakerDAO	1	$3,816,021,023 ▲	629,249 ▲	Stablecoins	Ethereum
9	Polygon Bridge	2	$2,027,046,901 ▲	7,075,355 ▲	Stablecoins	Polygon
10	Falcon Finance	1	$1,743,746,410 ▲	7,329 ▼	Stablecoins
11	RLUSD	1	$1,404,795,040 ▼	54,399 ▲	Stablecoins
12	Arbitrum L1 Custom Gateway	2	$1,032,223,737 ▲	5,891,967 ▼	Stablecoins	Arbitrum
13	USDT0	1	$863,225,494 ▼	7,673,016 ▲	Stablecoins	Polygon
14	Figure	1	$610,123,975 ▲	3,163 ▲	Asset-Backed Credit Stablecoins+1 more	Provenance
15	Aave	1	$583,817,485 ▲	6,588 ▲	Stablecoins	Ethereum
16	Usual	1	$558,906,560 ▼	123,515 ▼	Stablecoins	Ethereum
17	Solstice	1	$378,981,732 ▲	20,596 ▼	Stablecoins	Solana
18	First Digital Labs	1	$334,470,331 ▲	56,834 ▼	Stablecoins
19	Techteryx	1	$280,903,201 ▼	645,119 ▼	Stablecoins
20	Frax Finance	1	$269,008,842 ▲	8,220 ▲	Stablecoins	Ethereum

Showing 1 to 20 of 92 results

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