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

$30.86B

▲+5.51%from 30d ago

Represented Asset Value

$437.62B

▲+2.97%from 30d ago

Stablecoin Value

$298.48B

▼0.47%from 30d ago

Total RWA Holders

740,545

▲+3.46%from 30d ago

Total Stablecoin Holders

246.26M

▲+1.77%from 30d ago

Total Platforms

173

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 05/02/2026

Top Net Flows

As of 05/02/2026

Include Stablecoins

Distributed Platforms

154 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	22	$4,334,453,748 ▲	1,782 ▼	U.S. Treasuries Venture Capital+6 more	+5 more
2	Ondo	265	$3,631,431,505 ▲	94,797 ▲	U.S. Treasuries Stocks+6 more	+4 more
3	Circle	1	$2,907,935,943 ▲	43 ▼	Stablecoins U.S. Treasuries	+8 more
4	Tether Holdings	1	$2,640,106,326 ▼	41,369 ▼	Stablecoins Commodities
5	Paxos	1	$2,140,693,553 ▼	83,204 ▲	Stablecoins Commodities
6	Franklin Templeton Benji Investments	1	$2,029,469,041 ▲	1,131 ▲	U.S. Treasuries
7	Centrifuge	8	$1,726,944,153 ▲	453 ▲	U.S. Treasuries Corporate Credit+2 more
8	Spiko	9	$1,633,804,857 ▲	6,874 ▲	Non-U.S. Government Debt Active Strategies+1 more
9	STOKR	8	$1,453,635,168 ▲	58 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
10	Maple	4	$1,291,916,012 ▼	3,984 ▼	Asset-Backed Credit U.S. Treasuries
11	Libeara	14	$1,063,207,341 ▼	40 △	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Superstate	2	$1,036,150,753 ▼	153 ▲	U.S. Treasuries Active Strategies
13	WisdomTree	16	$1,016,607,422 ▲	2,615 ▲	U.S. Treasuries Stocks+2 more
14	CRX Digital Assets	17	$591,404,034 ▲	19 ▲	Asset-Backed Credit Corporate Credit	XRP Ledger
15	xStocks	142	$359,791,528 ▲	147,870 ▲	Stocks Commodities+3 more
16	Asseto	9	$349,354,139 ▲	59 ▲	Diversified Credit Active Strategies+3 more
17	Chainlink CCIP	3	$330,633,761 ▼	5,408 ▲	Asset-Backed Credit Stablecoins+1 more
18	Hastra	1	$317,939,843 ▼	1,699 ▲	Asset-Backed Credit	Solana
19	Pareto	5	$173,044,008 ▲	69 ▲	Diversified Credit Stablecoins	Ethereum
20	OnRe	1	$154,130,967 ▲	5,692 ▲	Specialty Finance	Solana

Showing 1 to 20 of 154 results

Represented Platforms

19 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	—	$412,164,349,691 ▲	Repurchase Agreements	Canton
2	Figure	2	$17,280,229,439 ▲	Asset-Backed Credit Stablecoins+1 more	Provenance
3	Justoken	6	$2,659,805,922 ▲	Commodities Specialty Finance
4	Tradable	48	$2,185,270,546 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
5	Ctrl Alt	31	$817,986,363 ▲	Private Equity Commodities+2 more
6	PACT	7	$574,523,709 ▼	Asset-Backed Credit Corporate Credit	Aptos
7	Bitbond	2	$463,127,975 ▲	Corporate Credit	Stellar
8	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
9	VERT Capital	9	$379,279,716 ▲	Corporate Credit Asset-Backed Credit	XRP Ledger
10	Tokeny	2	$283,972,388 △	Active Strategies	Avalanche C-Chain
11	MB \| Mercado Bitcoin	795	$272,310,086 ▲	Asset-Backed Credit Specialty Finance+1 more	R
12	Fidelity Investments	1	$152,376,507 ▼	U.S. Treasuries	Ethereum
13	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
14	Alphaledger	1,425	$125,856,305 △	Specialty Finance Active Strategies	Solana
15	Cashlink	4	$121,437,599 ▲	Non-U.S. Government Debt Corporate Credit+1 more	Polygon
16	Sygnum Bank	1	$28,639,570 ▼	U.S. Treasuries	ZKsync Era
17	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
18	Robinhood	1,704	$18,313,966 ▲	Stocks Commodities+8 more	Arbitrum
19	Wavist	1	$1,000,000 △	Specialty Finance	Ethereum

Showing 1 to 19 of 19 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	$178,116,187,033 ▲	123,432,075 ▲	Stablecoins Commodities
2	Circle	2	$72,036,849,546 ▼	29,712,538 ▲	Stablecoins U.S. Treasuries	+8 more
3	Binance Bridge	3	$10,751,739,263 ▲	62,725,096 ▲	Stablecoins	BNB Chain
4	Sky	1	$7,834,400,347 ▼	23,781 ▲	Stablecoins
5	BitGo	2	$4,620,295,659 ▲	387,313 ▼	Stablecoins
6	Ethena	3	$4,571,875,367 ▼	355,033 ▲	Stablecoins
7	MakerDAO	1	$3,496,217,061 ▼	632,218 ▲	Stablecoins	Ethereum
8	Paxos	5	$3,463,460,202 ▼	542,106 ▲	Stablecoins Commodities
9	Polygon Bridge	2	$1,998,441,958 ▲	7,105,703 ▲	Stablecoins	Polygon
10	Falcon Finance	1	$1,733,632,131 ▼	7,256 ▼	Stablecoins
11	RLUSD	1	$1,559,607,177 ▲	55,579 ▲	Stablecoins
12	Arbitrum L1 Custom Gateway	2	$1,095,699,216 ▲	5,778,057 ▼	Stablecoins	Arbitrum
13	USDT0	1	$809,569,892 ▼	7,689,868 ▼	Stablecoins	Polygon
14	Aave	1	$583,705,227 ▼	6,783 ▲	Stablecoins	Ethereum
15	Usual	1	$558,434,422 ▲	123,256 ▼	Stablecoins	Ethereum
16	Figure	1	$521,079,988 ▼	3,288 ▲	Asset-Backed Credit Stablecoins+1 more	Provenance
17	Solstice	1	$399,279,631 ▲	19,225 ▼	Stablecoins	Solana
18	First Digital Labs	1	$350,310,329 ▲	52,850 ▼	Stablecoins
19	Anchorage Digital Bank	1	$302,000,330 ▲	52 ▲	Stablecoins	Solana
20	Techteryx	1	$281,173,323 ▲	645,091 ▼	Stablecoins

Showing 1 to 20 of 92 results

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