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

$31.06B

▼3.29%from 30d ago

Represented Asset Value

$362.72B

▼1.68%from 30d ago

Stablecoin Value

$297.43B

▼2.92%from 30d ago

Total RWA Holders

899,068

▲+14.39%from 30d ago

Total Stablecoin Holders

264.56M

▲+4.70%from 30d ago

Total Platforms

183

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 06/12/2026

Top Net Flows

As of 06/12/2026

Include Stablecoins

Distributed Platforms

170 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	$4,112,961,942 ▼	1,810 ▲	U.S. Treasuries Venture Capital+6 more	+6 more
2	Ondo	266	$3,723,755,732 ▼	141,410 ▲	U.S. Treasuries Stocks+6 more	+5 more
3	Circle	1	$3,011,246,315 ▲	47 ▼	Stablecoins U.S. Treasuries	+9 more
4	Franklin Templeton Benji Investments	4	$2,517,777,108 ▲	1,161 ▲	U.S. Treasuries
5	Tether Holdings	1	$2,410,577,854 ▼	55,332 ▼	Stablecoins Commodities
6	Paxos	1	$1,849,847,767 ▼	85,432 ▲	Stablecoins Commodities
7	Spiko	9	$1,786,641,235 ▲	8,091 ▲	Non-U.S. Government Debt Active Strategies+1 more
8	Centrifuge	8	$1,625,031,844 ▲	671 ▲	U.S. Treasuries Corporate Credit+2 more
9	Maple	4	$1,444,592,664 ▼	4,207 ▲	Asset-Backed Credit U.S. Treasuries
10	STOKR	9	$1,312,576,876 ▼	59 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
11	Libeara	14	$1,065,919,977 ▼	40 ▲	U.S. Treasuries Non-U.S. Government Debt+1 more
12	WisdomTree	16	$915,065,772 ▼	2,683 ▲	U.S. Treasuries Stocks+2 more
13	Superstate	2	$898,412,495 ▼	155 △	U.S. Treasuries Active Strategies
14	Ctrl Alt	31	$505,840,327 ▲	3,852 ▲	Private Equity Commodities+2 more
15	xStocks	178	$431,932,844 ▲	232,383 ▲	Stocks Commodities+3 more	+1 more
16	Hastra	1	$401,378,833 ▲	1,795 ▲	Asset-Backed Credit
17	Asseto	9	$339,501,126 ▼	65 ▲	Diversified Credit Active Strategies+3 more
18	Chainlink CCIP	3	$239,200,935 ▼	5,801 ▲	Asset-Backed Credit Stablecoins+1 more
19	OnRe	1	$182,239,923 ▲	6,511 ▲	Specialty Finance	Solana
20	Pareto	5	$179,721,695 ▲	84 ▲	Diversified Credit Stablecoins	Ethereum

Showing 1 to 20 of 170 results

Represented Platforms

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	—	$335,143,538,722 ▼	Repurchase Agreements	Canton
2	Figure	2	$18,694,600,566 ▲	Asset-Backed Credit Stablecoins+1 more
3	Justoken	6	$2,865,806,712 ▲	Commodities Specialty Finance
4	Tradable	48	$2,150,865,584 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
5	CRX Digital Assets	17	$598,604,250 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
6	PACT	7	$570,418,121 ▼	Asset-Backed Credit Corporate Credit	Aptos
7	Bitbond	2	$500,000,000 △	Corporate Credit	Stellar
8	VERT Capital	9	$450,810,641 ▲	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	813	$262,108,757 ▼	Asset-Backed Credit Specialty Finance+1 more	R
13	Fidelity Investments	1	$144,195,018 ▼	U.S. Treasuries	Ethereum
14	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
15	Alphaledger	1,425	$125,856,305 ▲	Specialty Finance Active Strategies	Solana
16	Sygnum Bank	2	$23,739,662 ▼	U.S. Treasuries
17	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
18	Robinhood	1,760	$19,160,093 ▼	Stocks Commodities+8 more	Arbitrum
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

97 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	$175,593,813,298 ▼	131,628,439 ▲	Stablecoins Commodities
2	Circle	2	$71,109,289,790 ▼	32,554,994 ▲	Stablecoins U.S. Treasuries	+9 more
3	Binance Bridge	3	$10,750,776,655 ▼	69,509,857 ▲	Stablecoins	BNB Chain
4	Sky	1	$7,830,852,018 ▼	25,909 ▲	Stablecoins
5	BitGo	2	$4,615,337,601 ▲	410,536 ▲	Stablecoins
6	Ethena	3	$4,515,067,964 ▲	67,689 ▲	Stablecoins
7	Paxos	5	$4,462,013,588 ▼	554,070 ▲	Stablecoins Commodities
8	MakerDAO	1	$3,544,432,394 ▼	630,126 ▲	Stablecoins	Ethereum
9	Polygon Bridge	2	$1,735,519,606 ▼	6,969,313 ▼	Stablecoins	Polygon
10	Anchorage Digital Bank	5	$1,655,399,809 ▲	295,296 ▲	Stablecoins
11	RLUSD	1	$1,650,766,430 ▲	56,792 ▲	Stablecoins
12	Falcon Finance	1	$1,409,890,668 ▼	7,075 ▼	Stablecoins
13	Arbitrum L1 Custom Gateway	2	$1,048,306,743 ▲	5,897,457 ▲	Stablecoins	Arbitrum
14	USDT0	1	$888,238,606 ▲	7,945,768 ▲	Stablecoins	Polygon
15	Aave	1	$598,479,812 ▲	6,987 ▲	Stablecoins	Ethereum
16	Usual	1	$552,794,241 ▼	123,160 ▼	Stablecoins	Ethereum
17	Figure	1	$537,282,631 ▲	3,555 ▲	Asset-Backed Credit Stablecoins+1 more
18	Solstice	1	$525,372,621 ▲	19,700 ▲	Stablecoins	Solana
19	Frax Finance	2	$358,586,810 ▼	12,300 ▲	Stablecoins	+2 more
20	M0	1	$310,178,954 ▲	84 △	Stablecoins

Showing 1 to 20 of 97 results

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