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

$26.46B

▲+6.85%from 30d ago

Represented Asset Value

$346.95B

▼3.99%from 30d ago

Stablecoin Value

$300.71B

▲+1.28%from 30d ago

Total RWA Holders

662,045

▲+4.08%from 30d ago

Total Stablecoin Holders

232.91M

▲+5.30%from 30d ago

Total Platforms

161

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 03/07/2026

Top Net Flows

As of 03/07/2026

Include Stablecoins

Distributed Platforms

145 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	21	$3,322,859,444 ▲	1,780 ▲	U.S. Treasuries Institutional Funds+2 more	+4 more
2	Tether Holdings	1	$2,960,448,564 ▲	34,629 ▼	Stablecoins Commodities
3	Paxos	1	$2,556,978,920 ▲	77,464 ▲	Stablecoins Commodities
4	Ondo	204	$2,555,045,749 ▼	78,475 ▲	U.S. Treasuries Stocks+1 more	+3 more
5	Maple	16	$2,177,610,458 ▼	4,553 ▲	Private Credit U.S. Treasuries
6	Circle	1	$1,861,920,055 ▲	43 ▼	Stablecoins U.S. Treasuries	+8 more
7	STOKR	6	$1,853,222,571 ▲	56 △	Corporate Bonds Institutional Funds+1 more	Liquid Network
8	Binance	—	$1,391,315,871 ▼	—	Stablecoins	BNB Chain
9	Centrifuge	4	$1,360,805,133 ▲	26 ▲	Institutional Funds U.S. Treasuries+1 more
10	Spiko	5	$1,080,187,063 ▲	4,702 ▲	Non-U.S. Government Debt U.S. Treasuries+1 more
11	Libeara	14	$1,076,760,520 ▼	39 △	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Franklin Templeton Benji Investments	1	$1,028,527,605 ▲	1,084 ▲	U.S. Treasuries
13	Superstate	2	$844,365,618 ▼	140 ▼	U.S. Treasuries Institutional Funds
14	WisdomTree	16	$813,404,974 ▲	2,574 ▲	U.S. Treasuries Stocks+3 more
15	Hastra	1	$312,250,876 ▲	1,425 ▲	Private Credit	Solana
16	xStocks	75	$243,664,244 ▲	112,626 ▲	Stocks
17	Asseto	3	$226,518,154 ▲	35 ▲	Institutional Funds U.S. Treasuries
18	Pareto	5	$155,954,805 ▲	47 ▲	Private Credit Stablecoins	Ethereum
19	Midas	3	$151,479,231 ▼	2,571 ▲	Institutional Funds U.S. Treasuries+1 more
20	Theo	1	$135,340,139 ▼	319 ▼	U.S. Treasuries	Ethereum

Showing 1 to 20 of 145 results

Represented Platforms

16 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	—	$325,054,292,293 ▼	Repurchase Agreements	Canton
2	Figure	1	$15,602,763,155 ▲	Private Credit	Provenance
3	Tradable	49	$2,296,261,832 ▲	Private Credit	ZKsync Era
4	Justoken	6	$1,598,554,020 ▲	Commodities Private Credit
5	PACT	7	$588,919,957 ▼	Private Credit	Aptos
6	Ctrl Alt	31	$462,729,706 ▲	Commodities Real Estate+2 more
7	Intain	2	$394,674,455 ▼	Private Credit	Intain
8	Tokeny	2	$283,972,388 △	Institutional Funds	Avalanche C-Chain
9	VERT Capital	8	$269,801,851 △	Private Credit	XRP Ledger
10	MB \| Mercado Bitcoin	733	$181,975,113 ▲	Private Credit Stablecoins	R
11	Fidelity Investments	1	$178,970,494 ▲	U.S. Treasuries	Ethereum
12	Cashlink	4	$120,531,466 ▼	Corporate Bonds	Polygon
13	Sygnum Bank	1	$47,143,925 ▲	U.S. Treasuries	ZKsync Era
14	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
15	Robinhood	1,539	$15,217,115 ▲	Stocks	Arbitrum
16	Wavist	1	$1,000,000 △	Private Credit	Ethereum

Showing 1 to 16 of 16 results

Stablecoin Platforms

87 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	$174,446,971,559 ▼	117,525,935 ▲	Stablecoins Commodities
2	Circle	2	$75,944,709,842 ▲	30,037,097 ▲	Stablecoins U.S. Treasuries	+8 more
3	Binance	2	$9,269,417,922 ▲	54,003,197 ▲	Stablecoins	BNB Chain
4	Sky	1	$7,431,308,106 ▲	20,986 ▲	Stablecoins
5	Ethena	3	$6,982,963,262 ▼	346,391 ▲	Stablecoins
6	Paxos	5	$5,647,686,593 ▲	512,409 ▲	Stablecoins Commodities
7	BitGo	1	$4,495,492,324 ▼	351,812 ▲	Stablecoins
8	MakerDAO	1	$3,676,747,695 ▼	614,716 ▲	Stablecoins	Ethereum
9	Polygon Bridge	3	$2,529,503,990 ▲	14,144,155 ▲	Stablecoins	Polygon
10	Falcon Finance	1	$1,737,863,847 ▼	7,539 ▼	Stablecoins
11	RLUSD	1	$1,588,699,500 ▲	42,066 ▲	Stablecoins
12	Arbitrum L1 Custom Gateway	2	$958,303,144 ▼	5,965,177 ▲	Stablecoins	Arbitrum
13	Usual	1	$560,884,099 ▼	123,751 ▼	Stablecoins	Ethereum
14	Aave	1	$533,879,267 ▲	6,300 ▲	Stablecoins	Ethereum
15	USDai Protocol	1	$381,423,370 ▼	3,217 ▼	Stablecoins	Arbitrum
16	Solstice	1	$379,899,516 ▲	20,638 ▼	Stablecoins	Solana
17	First Digital Labs	1	$320,515,300 ▼	56,844 ▲	Stablecoins
18	Techteryx	1	$281,275,089 ▲	645,136 ▼	Stablecoins
19	Frax Finance	1	$268,670,340 ▲	8,199 ▲	Stablecoins	Ethereum
20	Optimism Bridge	2	$241,678,010 ▼	3,753,443 ▲	Stablecoins	Optimism

Showing 1 to 20 of 87 results

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