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

$38.89B

▼0.51%from 30d ago

Represented Asset Value

$354.38B

▼0.68%from 30d ago

Stablecoin Value

$306.32B

▲+1.21%from 30d ago

Total RWA Holders

4,694,971

▲+59.50%from 30d ago

Total Stablecoin Holders

291.07M

▲+2.98%from 30d ago

Total Platforms

210

Tokenization Platform Metrics

Platform Asset Value

Asset Type

Include Stablecoins

as of 09/24/2026

Top Net Flows by Platform

as of 09/24/2026

Include Stablecoins

Tokenization Platforms

199 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	26	$4,681,015,580 ▼	1,872 ▲	U.S. Treasury Funds Venture Capital+7 more	+8 more
2	Ondo	460	$3,871,981,274 ▲	493,983 ▲	U.S. Treasury Funds Stocks+7 more	+6 more
3	Spiko	9	$2,683,862,926 ▲	16,214 ▲	Active Strategies Non-U.S. Government Debt+1 more
4	Tether Holdings	1	$2,678,692,092 ▼	139,239 ▼	Stablecoins Commodities
5	Circle	1	$2,507,193,686 ▼	36 ▼	Stablecoins U.S. Treasury Funds	+10 more
6	Franklin Templeton Benji Investments	4	$2,451,554,797 ▼	1,192 ▲	U.S. Treasury Funds
7	Paxos	1	$1,885,903,997 ▼	111,793 ▲	Stablecoins Commodities
8	STOKR	9	$1,607,230,408 ▲	62 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
9	Ethena	1	$1,340,560,284 ▼	18,101 ▲	Stablecoins Active Strategies
10	WisdomTree	16	$1,271,315,244 ▲	2,582 ▲	U.S. Treasury Funds Stocks+2 more
11	Centrifuge	9	$1,103,528,281 ▼	1,815 ▲	Corporate Credit U.S. Treasury Funds+2 more	+2 more
12	Maple	4	$958,948,418 ▼	4,484 ▲	Asset-Backed Credit U.S. Treasury Funds
13	Kinexys Digital Assets	2	$934,624,246 ▲	9 ▲	U.S. Treasury Funds	Ethereum
14	Libeara	14	$811,368,546 ▼	37 ▼	U.S. Treasury Funds Non-U.S. Government Debt+1 more
15	bStocks	77	$754,933,273 ▲	1,377,823 ▲	Stocks	BNB Chain
16	Ctrl Alt	31	$730,632,059 ▲	4,048 ▲	Private Equity Commodities+2 more
17	Superstate	2	$668,120,671 ▼	156 ▼	U.S. Treasury Funds Active Strategies
18	xStocks	1,044	$600,493,464 ▲	632,473 ▲	Stocks Commodities+4 more	+1 more
19	Hastra	2	$593,003,747 ▼	2,242 ▲	Asset-Backed Credit
20	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar

Showing 1 to 20 of 199 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	—	$312,993,466,823 ▼	Repurchase Agreements	Canton
2	Figure	2	$22,966,221,270 ▲	Asset-Backed Credit Stablecoins+1 more
3	Bridgetower	1	$10,725,784,484 ▼	Specialty Finance	Avalanche C-Chain
4	Justoken	6	$2,936,659,188 ▲	Commodities Specialty Finance
5	Tradable	48	$1,958,438,702 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
6	Injective RWA Infrastructure	1	$1,060,956,793 △	Real Estate	Injective
7	CRX Digital Assets	88	$1,024,020,409 ▲	Asset-Backed Credit Corporate Credit	XRP Ledger
8	PACT	7	$568,122,860 ▼	Asset-Backed Credit Corporate Credit	Aptos
9	VERT Capital	13	$438,289,828 ▼	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	$244,512,297 ▲	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	Enzyme Onyx	1	$37,379,493 ▲	Asset-Backed Credit
17	Robinhood	2,046	$27,966,558 ▲	Stocks Commodities+8 more
18	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
19	Sygnum Bank	3	$22,307,885 ▼	U.S. Treasury Funds
20	MetaWealth	10	$2,140,000 △	Real Estate

Showing 1 to 20 of 23 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	$182,802,992,078 ▲	133,000,905 ▲	Stablecoins Commodities
2	Circle	2	$71,875,571,617 ▲	38,652,026 ▲	Stablecoins U.S. Treasury Funds	+10 more
3	Binance Bridge	3	$11,054,854,238 ▼	87,291,746 ▲	Stablecoins	BNB Chain
4	Sky	1	$6,709,325,249 ▲	29,449 ▲	Stablecoins
5	Ethena	3	$4,878,980,436 ▲	81,133 ▲	Stablecoins Active Strategies
6	BitGo	2	$4,692,252,802 ▲	632,250 ▲	Stablecoins
7	Paxos	4	$4,499,041,736 ▲	978,817 ▲	Stablecoins Commodities
8	MakerDAO	1	$4,093,524,181 ▲	845,852 ▲	Stablecoins	Ethereum
9	RLUSD	1	$2,370,694,244 ▲	82,889 ▼	Stablecoins
10	Anchorage Digital Bank	5	$2,102,420,545 ▲	325,745 ▲	Stablecoins
11	Polygon Bridge	2	$1,515,209,616 ▼	7,599,311 ▲	Stablecoins	Polygon
12	Falcon Finance	1	$1,321,597,806 ▲	11,638 ▼	Stablecoins
13	Arbitrum L1 Custom Gateway	2	$882,855,415 ▼	5,842,309 ▲	Stablecoins	Arbitrum
14	USDT0	1	$784,138,344 ▼	8,394,312 ▲	Stablecoins
15	Aave	1	$698,295,995 ▲	10,076 ▲	Stablecoins	Ethereum
16	Usual	1	$546,085,480 ▼	126,036 ▼	Stablecoins	Ethereum
17	Figure	1	$490,468,429 ▼	3,957 ▲	Asset-Backed Credit Stablecoins+1 more
18	Multipli	2	$476,618,161 ▼	199 ▲	Stablecoins
19	USDai Protocol	1	$327,749,885 ▲	4,018 ▲	Stablecoins	Arbitrum
20	Frax Finance	2	$307,539,537 ▼	19,829 ▲	Stablecoins	+2 more

Showing 1 to 20 of 103 results

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