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

$31.77B

▼0.72%from 30d ago

Represented Asset Value

$363.03B

▼3.02%from 30d ago

Stablecoin Value

$294.93B

▼2.52%from 30d ago

Total RWA Holders

312,902

▼63.26%from 30d ago

Total Stablecoin Holders

270.26M

▲+3.27%from 30d ago

Total Platforms

192

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 07/02/2026

Top Net Flows

As of 07/02/2026

Include Stablecoins

Tokenization Platforms

180 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	23	$4,131,721,533 ▲	1,814 ▲	U.S. Treasuries Venture Capital+7 more	+6 more
2	Ondo	440	$3,679,043,446 ▼	162,370 ▲	U.S. Treasuries Stocks+6 more	+5 more
3	Circle	1	$3,107,314,246 ▲	45 ▼	Stablecoins U.S. Treasuries	+10 more
4	Franklin Templeton Benji Investments	4	$2,435,357,000 ▼	1,169 ▲	U.S. Treasuries
5	Tether Holdings	1	$2,417,290,300 ▼	57,778 ▼	Stablecoins Commodities
6	Spiko	9	$1,857,320,313 ▲	11,393 ▲	Non-U.S. Government Debt Active Strategies+1 more
7	Paxos	1	$1,811,043,742 ▼	87,385 ▲	Stablecoins Commodities
8	Centrifuge	8	$1,641,667,127 ▲	766 ▲	U.S. Treasuries Corporate Credit+2 more	+1 more
9	Maple	4	$1,421,136,938 ▼	4,271 ▲	Asset-Backed Credit U.S. Treasuries
10	STOKR	9	$1,264,739,392 ▼	59 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
11	Libeara	14	$1,042,281,788 ▼	39 △	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Superstate	2	$850,091,019 ▼	154 △	U.S. Treasuries Active Strategies
13	WisdomTree	16	$756,860,439 ▼	2,686 ▲	U.S. Treasuries Stocks+2 more
14	xStocks	181	$702,402,941 ▲	251,737 ▲	Stocks Commodities+3 more	+1 more
15	Ctrl Alt	31	$534,092,346 ▲	3,904 ▲	Private Equity Commodities+2 more
16	Hastra	1	$406,934,024 ▲	1,870 ▲	Asset-Backed Credit
17	Asseto	9	$314,447,310 ▼	66 △	Diversified Credit Active Strategies+3 more
18	Chainlink CCIP	3	$235,069,091 ▼	6,024 ▲	Asset-Backed Credit Stablecoins+1 more
19	OpenEden Digital	3	$218,799,222 ▲	77 ▲	U.S. Treasuries Stablecoins+2 more
20	OnRe	1	$205,675,185 ▲	6,904 ▲	Specialty Finance	Solana

Showing 1 to 20 of 180 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	—	$335,321,216,178 ▼	Repurchase Agreements	Canton
2	Figure	2	$19,376,032,757 ▲	Asset-Backed Credit Stablecoins+1 more
3	Justoken	6	$2,833,465,801 ▼	Commodities Specialty Finance
4	Tradable	48	$2,166,630,027 ▲	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
5	CRX Digital Assets	17	$576,460,473 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
6	PACT	7	$574,061,258 ▲	Asset-Backed Credit Corporate Credit	Aptos
7	VERT Capital	9	$450,810,641 △	Corporate Credit Asset-Backed Credit	XRP Ledger
8	Ctrl Alt	31	$400,220,606 ▼	Private Equity Commodities+2 more
9	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
10	Tokeny by Apex	3	$283,972,388 △	Active Strategies
11	MB \| Mercado Bitcoin	824	$264,749,467 ▼	Asset-Backed Credit Specialty Finance+1 more	R
12	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
13	Alphaledger	1,425	$125,856,305 ▼	Specialty Finance Active Strategies	Solana
14	Fidelity Investments	1	$100,428,489 ▼	U.S. Treasuries	Ethereum
15	KAIO	7	$25,864,000 △	Private Equity U.S. Treasuries+2 more	+1 more
16	Sygnum Bank	2	$23,787,053 ▲	U.S. Treasuries
17	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
18	Robinhood	1,886	$19,413,709 ▼	Stocks Commodities+8 more
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

99 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	$173,967,634,166 ▼	133,536,041 ▲	Stablecoins Commodities
2	Circle	2	$70,001,785,377 ▼	32,804,272 ▲	Stablecoins U.S. Treasuries	+10 more
3	Binance Bridge	3	$11,043,616,804 ▲	72,720,868 ▲	Stablecoins	BNB Chain
4	Sky	1	$7,587,160,251 ▼	24,994 ▼	Stablecoins
5	BitGo	2	$4,936,684,072 ▲	378,134 ▼	Stablecoins
6	Ethena	3	$4,498,000,806 ▼	61,762 ▼	Stablecoins
7	MakerDAO	1	$4,058,702,422 ▲	636,990 ▲	Stablecoins	Ethereum
8	Paxos	5	$3,897,881,168 ▼	542,173 ▼	Stablecoins Commodities
9	Anchorage Digital Bank	5	$1,821,262,671 ▲	306,575 ▲	Stablecoins
10	Polygon Bridge	2	$1,742,423,031 ▼	7,088,782 ▲	Stablecoins	Polygon
11	RLUSD	1	$1,410,900,564 ▼	57,746 ▲	Stablecoins
12	Falcon Finance	1	$1,369,039,176 ▼	7,043 ▼	Stablecoins
13	Arbitrum L1 Custom Gateway	2	$1,010,574,935 ▼	5,965,239 ▲	Stablecoins	Arbitrum
14	USDT0	1	$950,048,932 ▼	8,182,545 ▲	Stablecoins
15	Aave	1	$597,688,036 ▲	7,038 ▲	Stablecoins	Ethereum
16	Usual	1	$552,655,277 ▼	123,148 ▼	Stablecoins	Ethereum
17	Figure	1	$549,099,228 ▼	3,682 ▲	Asset-Backed Credit Stablecoins+1 more
18	Solstice	1	$505,582,681 ▲	15,404 ▼	Stablecoins	Solana
19	Multipli	2	$360,056,502 △	79 ▲	Stablecoins
20	Frax Finance	2	$344,488,989 ▼	12,450 ▲	Stablecoins	+2 more

Showing 1 to 20 of 99 results

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