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

$38.30B

▲+3.13%from 30d ago

Represented Asset Value

$373.55B

▼1.70%from 30d ago

Stablecoin Value

$296.36B

▼1.33%from 30d ago

Total RWA Holders

1,671,928

▲+54.98%from 30d ago

Total Stablecoin Holders

281.96M

▲+3.55%from 30d ago

Total Platforms

208

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 08/09/2026

Top Net Flows

As of 08/09/2026

Include Stablecoins

Tokenization Platforms

197 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	25	$4,963,944,811 ▲	1,862 ▲	U.S. Treasury Funds Venture Capital+7 more	+7 more
2	Ondo	441	$3,606,948,909 ▼	202,084 ▲	U.S. Treasury Funds Stocks+6 more	+5 more
3	Circle	1	$3,004,483,346 ▼	37 ▼	Stablecoins U.S. Treasury Funds	+10 more
4	Tether Holdings	1	$2,621,893,444 ▲	72,592 ▲	Stablecoins Commodities
5	Franklin Templeton Benji Investments	4	$2,525,492,827 ▲	1,184 ▲	U.S. Treasury Funds
6	Spiko	9	$2,296,972,442 ▲	13,635 ▲	Active Strategies Non-U.S. Government Debt+1 more
7	Paxos	1	$1,893,919,116 ▲	81,714 ▲	Stablecoins Commodities
8	Centrifuge	8	$1,652,821,408 ▲	964 ▲	U.S. Treasury Funds Corporate Credit+2 more	+1 more
9	Ethena	1	$1,568,595,724 ▼	13,120 ▲	Stablecoins Active Strategies
10	STOKR	9	$1,349,219,095 ▲	58 △	Specialty Finance Corporate Credit+2 more	Liquid Network
11	Maple	4	$975,765,466 ▼	4,441 ▲	Asset-Backed Credit U.S. Treasury Funds
12	Libeara	14	$973,243,675 ▼	42 ▲	U.S. Treasury Funds Non-U.S. Government Debt+1 more
13	Kinexys Digital Assets	2	$893,786,112 ▲	8 △	U.S. Treasury Funds	Ethereum
14	Superstate	2	$869,014,032 ▲	155 △	U.S. Treasury Funds Active Strategies
15	WisdomTree	16	$806,353,399 ▲	2,708 ▲	U.S. Treasury Funds Stocks+2 more
16	Ctrl Alt	31	$730,093,814 ▲	3,976 ▲	Private Equity Commodities+2 more
17	bStocks	67	$647,995,603 ▲	198,611 ▲	Stocks	BNB Chain
18	xStocks	656	$565,689,242 ▲	280,702 ▲	Stocks Commodities+4 more	+1 more
19	Hastra	2	$515,825,433 ▲	2,186 ▲	Asset-Backed Credit
20	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar

Showing 1 to 20 of 197 results

Tokenization Platforms (Represented)

23 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	—	$332,961,509,175 ▼	Repurchase Agreements	Canton
2	Figure	2	$21,067,377,122 ▲	Asset-Backed Credit Stablecoins+1 more
3	Bridgetower	1	$10,728,049,556 ▼	Specialty Finance	Avalanche C-Chain
4	Justoken	6	$2,870,253,398 ▲	Commodities Specialty Finance
5	Tradable	48	$2,194,090,188 ▲	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
6	CRX Digital Assets	88	$1,023,575,258 ▲	Asset-Backed Credit Corporate Credit	XRP Ledger
7	PACT	7	$570,724,903 ▲	Asset-Backed Credit Corporate Credit	Aptos
8	VERT Capital	13	$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	847	$272,398,339 ▲	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	$59,814,924 ▼	U.S. Treasury Funds	Ethereum
16	Enzyme Onyx	1	$25,125,975 ▲	Asset-Backed Credit
17	Sygnum Bank	3	$23,877,728 ▲	U.S. Treasury Funds
18	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
19	Robinhood	1,920	$21,747,342 ▼	Stocks Commodities+8 more
20	MetaWealth	10	$2,140,000 △	Real Estate

Showing 1 to 20 of 23 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	$177,695,641,543 ▼	136,703,211 ▲	Stablecoins Commodities
2	Circle	2	$69,279,917,760 ▼	35,623,448 ▲	Stablecoins U.S. Treasury Funds	+10 more
3	Binance Bridge	3	$11,049,754,475 ▲	77,706,014 ▲	Stablecoins	BNB Chain
4	Sky	1	$6,639,057,046 ▼	25,908 ▲	Stablecoins
5	BitGo	2	$4,307,841,634 ▼	399,606 ▲	Stablecoins
6	Paxos	5	$4,304,484,213 ▲	603,099 ▲	Stablecoins Commodities
7	Ethena	3	$4,185,931,760 ▼	67,226 ▲	Stablecoins Active Strategies
8	MakerDAO	1	$4,043,406,624 ▼	654,490 ▲	Stablecoins	Ethereum
9	Anchorage Digital Bank	5	$1,708,303,742 ▼	320,136 ▲	Stablecoins
10	Polygon Bridge	2	$1,530,509,101 ▼	7,203,008 ▲	Stablecoins	Polygon
11	RLUSD	1	$1,528,751,155 ▲	61,035 ▲	Stablecoins
12	Falcon Finance	1	$1,369,534,906 ▼	7,005 ▼	Stablecoins
13	USDT0	1	$896,028,538 ▼	8,373,755 ▲	Stablecoins
14	Arbitrum L1 Custom Gateway	2	$888,546,085 ▼	6,084,929 ▲	Stablecoins	Arbitrum
15	Aave	1	$697,385,507 ▲	7,129 ▲	Stablecoins	Ethereum
16	Figure	1	$646,959,947 ▲	3,836 ▲	Asset-Backed Credit Stablecoins+1 more
17	Usual	1	$551,671,146 ▼	123,098 ▼	Stablecoins	Ethereum
18	Solstice	1	$516,597,777 ▼	15,274 ▼	Stablecoins	Solana
19	Multipli	2	$336,837,929 ▼	83 ▲	Stablecoins
20	Frax Finance	2	$314,571,787 ▼	12,749 ▲	Stablecoins	+2 more

Showing 1 to 20 of 104 results

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