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

$39.27B

▲+0.66%from 30d ago

Represented Asset Value

$258.90B

▼29.11%from 30d ago

Stablecoin Value

$292.95B

▼0.11%from 30d ago

Total RWA Holders

5,245,244

▲+18.00%from 30d ago

Total Stablecoin Holders

297.37M

▲+2.96%from 30d ago

Total Platforms

214

Tokenization Platform Metrics

Platform Asset Value

Asset Type

Include Stablecoins

as of 10/14/2026

Top Net Flows by Platform

as of 10/14/2026

Include Stablecoins

Tokenization Platforms

201 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	27	$4,407,104,614 ▼	1,915 ▲	U.S. Treasury Funds Venture Capital+7 more	+8 more
2	Ondo	460	$3,997,403,052 ▲	539,485 ▲	U.S. Treasury Funds Stocks+8 more	+6 more
3	Tether Holdings	1	$2,995,203,578 ▲	140,971 ▼	Stablecoins Commodities
4	Spiko	9	$2,779,454,904 ▲	18,089 ▲	Active Strategies Non-U.S. Government Debt+1 more
5	Franklin Templeton Benji Investments	4	$2,532,718,713 ▲	1,206 ▲	U.S. Treasury Funds
6	Circle	1	$2,384,544,466 ▼	35 ▼	Stablecoins U.S. Treasury Funds	+10 more
7	Paxos	1	$1,812,785,080 ▼	113,246 ▲	Stablecoins Commodities
8	STOKR	9	$1,570,529,942 ▲	62 △	Specialty Finance Corporate Credit+2 more	Liquid Network
9	WisdomTree	16	$1,272,155,083 ▲	2,604 ▲	U.S. Treasury Funds Stocks+2 more
10	Ethena	1	$1,212,661,570 ▼	18,126 ▲	Stablecoins Active Strategies
11	Maple	4	$1,037,404,376 ▲	4,538 ▲	Asset-Backed Credit U.S. Treasury Funds
12	Centrifuge	9	$1,009,762,432 ▼	1,653 ▲	Corporate Credit U.S. Treasury Funds+2 more	+2 more
13	bStocks	91	$982,781,357 ▲	1,516,625 ▲	Stocks	BNB Chain
14	Kinexys Digital Assets	2	$841,141,558 ▼	14 ▲	U.S. Treasury Funds
15	Libeara	14	$825,324,404 ▲	35 ▼	U.S. Treasury Funds Non-U.S. Government Debt+1 more
16	Superstate	2	$754,624,524 ▲	167 ▲	U.S. Treasury Funds Active Strategies
17	Ctrl Alt	31	$730,632,059 ▲	4,075 ▲	Private Equity Commodities+2 more
18	Hastra	3	$676,888,238 ▲	2,491 ▲	Asset-Backed Credit
19	xStocks	1,469	$618,854,933 ▼	842,887 ▲	Stocks Commodities+5 more	+1 more
20	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar

Showing 1 to 20 of 201 results

Tokenization Platforms (Represented)

26 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	—	$216,213,046,646 ▼	Repurchase Agreements	Canton
2	Figure	2	$23,771,507,039 ▲	Asset-Backed Credit Stablecoins+1 more
3	Bridgetower	1	$10,725,404,472 ▼	Specialty Finance	Avalanche C-Chain
4	Justoken	6	$2,945,282,972 ▲	Commodities Specialty Finance
5	Tradable	48	$1,958,438,702 △	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
6	CRX Digital Assets	132	$1,475,839,814 ▲	Asset-Backed Credit Corporate Credit	XRP Ledger
7	Injective RWA Infrastructure	1	$1,060,956,793 △	Real Estate	Injective
8	PACT	7	$568,590,535 ▼	Asset-Backed Credit Corporate Credit	Aptos
9	VERT Capital	13	$435,790,364 ▼	Corporate Credit Asset-Backed Credit	XRP Ledger
10	Ctrl Alt	31	$400,220,606 ▼	Private Equity Commodities+2 more
11	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
12	Tokeny by Apex	3	$283,972,388 △	Active Strategies
13	MB \| Mercado Bitcoin	863	$239,223,780 ▼	Asset-Backed Credit Specialty Finance+1 more	R
14	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
15	Alphaledger	1,425	$125,856,305 ▲	Specialty Finance Active Strategies	Solana
16	Licuido Limited	1	$50,050,000 △	U.S. Treasury Funds	XRP Ledger
17	Enzyme Onyx	1	$42,101,995 ▲	Asset-Backed Credit
18	Robinhood	2,046	$25,165,320 ▼	Stocks Commodities+8 more
19	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
20	Fidelity Investments	1	$20,919,316 ▼	U.S. Treasury Funds	Ethereum

Showing 1 to 20 of 26 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	$171,944,457,009 ▲	134,407,732 ▲	Stablecoins Commodities
2	Circle	2	$69,141,842,280 ▼	39,535,653 ▲	Stablecoins U.S. Treasury Funds	+10 more
3	Binance Bridge	3	$11,047,696,126 ▼	91,341,149 ▲	Stablecoins	BNB Chain
4	Sky	1	$6,970,018,447 ▲	29,918 ▲	Stablecoins
5	Ethena	3	$4,654,207,398 ▲	82,290 ▲	Stablecoins Active Strategies
6	Paxos	4	$4,590,850,350 ▼	1,035,286 ▲	Stablecoins Commodities
7	BitGo	2	$4,530,191,421 ▼	644,455 ▲	Stablecoins
8	MakerDAO	1	$4,095,088,789 ▲	851,775 ▲	Stablecoins	Ethereum
9	RLUSD	1	$2,343,670,043 ▲	83,332 ▲	Stablecoins
10	Anchorage Digital Bank	5	$1,985,030,249 ▼	327,497 ▲	Stablecoins
11	Falcon Finance	1	$1,756,602,937 ▲	11,734 ▲	Stablecoins
12	Polygon Bridge	2	$1,451,415,926 ▼	7,610,311 ▲	Stablecoins	Polygon
13	Arbitrum L1 Custom Gateway	2	$847,391,639 ▼	5,886,070 ▲	Stablecoins	Arbitrum
14	USDT0	1	$772,599,288 ▼	8,164,696 ▼	Stablecoins
15	Aave	1	$697,687,056 ▼	10,223 ▲	Stablecoins	Ethereum
16	Usual	1	$541,614,168 ▼	125,982 ▼	Stablecoins	Ethereum
17	Figure	1	$509,281,517 ▲	4,014 ▲	Asset-Backed Credit Stablecoins+1 more
18	Multipli	2	$476,618,159 ▼	213 ▲	Stablecoins
19	Optimism Bridge	2	$400,988,087 ▲	2,608,879 ▼	Stablecoins	Optimism
20	USDai Protocol	1	$346,621,614 ▲	4,210 ▲	Stablecoins	Arbitrum

Showing 1 to 20 of 104 results

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