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

$34.74B

▲+3.12%from 30d ago

Represented Asset Value

$352.99B

▼4.27%from 30d ago

Stablecoin Value

$298.98B

▼0.07%from 30d ago

Total RWA Holders

1,226,932

▲+30.89%from 30d ago

Total Stablecoin Holders

275.65M

▲+3.08%from 30d ago

Total Platforms

201

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 07/22/2026

Top Net Flows

As of 07/22/2026

Include Stablecoins

Tokenization Platforms

189 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	24	$4,711,087,387 ▲	1,860 ▲	U.S. Treasuries Venture Capital+7 more	+6 more
2	Ondo	441	$3,635,664,778 ▼	171,234 ▲	U.S. Treasuries Stocks+6 more	+5 more
3	Circle	1	$2,959,423,501 ▼	47 ▼	Stablecoins U.S. Treasuries	+10 more
4	Franklin Templeton Benji Investments	4	$2,455,620,036 ▼	1,178 ▲	U.S. Treasuries
5	Tether Holdings	1	$2,418,824,935 ▼	59,195 ▼	Stablecoins Commodities
6	Spiko	9	$2,186,683,327 ▲	12,342 ▲	Non-U.S. Government Debt Active Strategies+1 more
7	Paxos	1	$1,798,788,387 ▼	80,843 ▼	Stablecoins Commodities
8	Centrifuge	8	$1,643,670,936 ▲	838 ▲	U.S. Treasuries Corporate Credit+2 more	+1 more
9	STOKR	9	$1,377,171,111 ▲	58 ▼	Specialty Finance Corporate Credit+2 more	Liquid Network
10	Maple	4	$1,154,632,309 ▼	4,358 ▲	Asset-Backed Credit U.S. Treasuries
11	Libeara	14	$1,025,634,233 ▼	40 ▲	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Kinexys Digital Assets	2	$911,842,781 ▲	8 ▲	U.S. Treasuries	Ethereum
13	WisdomTree	16	$804,114,819 ▼	2,702 ▲	U.S. Treasuries Stocks+2 more
14	Superstate	2	$756,514,841 ▼	151 ▼	U.S. Treasuries Active Strategies
15	Ctrl Alt	31	$605,981,075 ▲	3,932 ▲	Private Equity Commodities+2 more
16	xStocks	193	$506,782,146 ▼	263,278 ▲	Stocks Commodities+3 more	+1 more
17	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar
18	Hastra	1	$417,371,120 ▲	1,902 ▲	Asset-Backed Credit
19	Chainlink CCIP	3	$405,452,427 ▲	6,272 ▲	Asset-Backed Credit Stablecoins+1 more	+1 more
20	Bridgetower	1	$331,800,090 △	3 △	Specialty Finance	Avalanche C-Chain

Showing 1 to 20 of 189 results

Tokenization Platforms (Represented)

22 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	—	$313,377,784,077 ▼	Repurchase Agreements	Canton
2	Figure	2	$20,109,460,387 ▲	Asset-Backed Credit Stablecoins+1 more
3	Bridgetower	1	$10,728,199,560 △	Specialty Finance	Avalanche C-Chain
4	Justoken	6	$2,906,458,692 ▲	Commodities Specialty Finance
5	Tradable	48	$2,178,068,190 ▲	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
6	CRX Digital Assets	88	$1,021,408,705 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
7	PACT	7	$563,788,161 ▼	Asset-Backed Credit Corporate Credit	Aptos
8	VERT Capital	9	$438,289,828 ▼	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	824	$262,580,195 ▲	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	$70,112,143 ▼	U.S. Treasuries	Ethereum
16	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
17	Robinhood	1,900	$20,914,754 ▲	Stocks Commodities+8 more
18	Sygnum Bank	2	$17,787,981 ▼	U.S. Treasuries
19	MetaWealth	10	$2,140,000 △	Real Estate
20	TrueFi	1	$1 △	U.S. Treasuries	Ethereum

Showing 1 to 20 of 22 results

Stablecoin Platforms

103 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	$178,529,255,339 ▲	134,797,662 ▲	Stablecoins Commodities
2	Circle	2	$70,565,332,125 ▼	34,021,124 ▲	Stablecoins U.S. Treasuries	+10 more
3	Binance Bridge	3	$11,049,815,275 ▲	75,077,402 ▲	Stablecoins	BNB Chain
4	Sky	1	$6,611,512,626 ▼	25,421 ▲	Stablecoins
5	BitGo	2	$4,535,953,932 ▼	390,798 ▲	Stablecoins
6	Paxos	5	$4,283,935,711 ▲	574,963 ▲	Stablecoins Commodities
7	Ethena	3	$4,220,065,500 ▼	65,941 ▲	Stablecoins
8	MakerDAO	1	$4,070,680,684 ▲	645,918 ▲	Stablecoins	Ethereum
9	Polygon Bridge	2	$1,680,301,114 ▼	7,180,212 ▲	Stablecoins	Polygon
10	Anchorage Digital Bank	5	$1,593,833,135 ▼	315,299 ▲	Stablecoins
11	RLUSD	1	$1,587,349,655 ▼	60,747 ▲	Stablecoins
12	Falcon Finance	1	$1,369,671,000 ▼	7,025 ▼	Stablecoins
13	USDT0	1	$992,165,069 ▲	8,389,155 ▲	Stablecoins
14	Arbitrum L1 Custom Gateway	2	$970,866,667 ▼	6,044,298 ▲	Stablecoins	Arbitrum
15	Aave	1	$648,242,641 ▲	7,069 ▲	Stablecoins	Ethereum
16	Figure	1	$554,123,479 ▼	3,764 ▲	Asset-Backed Credit Stablecoins+1 more
17	Usual	1	$552,461,347 ▼	123,123 ▼	Stablecoins	Ethereum
18	Solstice	1	$522,885,369 ▲	15,425 ▲	Stablecoins	Solana
19	Multipli	2	$360,056,502 △	80 ▲	Stablecoins
20	Frax Finance	2	$335,246,602 ▼	12,558 ▲	Stablecoins	+2 more

Showing 1 to 20 of 103 results

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