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

$34.09B

▲+1.79%from 30d ago

Represented Asset Value

$339.26B

▼3.21%from 30d ago

Stablecoin Value

$304.87B

▼0.35%from 30d ago

Total RWA Holders

801,738

▲+8.24%from 30d ago

Total Stablecoin Holders

256.61M

▲+4.55%from 30d ago

Total Platforms

175

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 05/22/2026

Top Net Flows

As of 05/22/2026

Include Stablecoins

Distributed Platforms

162 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	$4,244,083,027 ▼	1,798 ▲	U.S. Treasuries Venture Capital+6 more	+5 more
2	Paxos	1	$4,221,872,251 ▼	83,766 ▲	Stablecoins Commodities
3	Ondo	266	$3,848,313,516 ▲	110,615 ▲	U.S. Treasuries Stocks+6 more	+5 more
4	Circle	1	$2,982,398,951 ▲	44 △	Stablecoins U.S. Treasuries	+8 more
5	Tether Holdings	1	$2,595,129,715 ▼	42,881 ▲	Stablecoins Commodities
6	Franklin Templeton Benji Investments	4	$2,464,322,292 ▲	1,149 ▲	U.S. Treasuries
7	Spiko	9	$1,762,440,202 ▲	7,458 ▲	Non-U.S. Government Debt Active Strategies+1 more
8	Maple	4	$1,491,874,884 ▼	4,214 ▲	Asset-Backed Credit U.S. Treasuries
9	Centrifuge	8	$1,472,019,273 ▼	554 ▲	U.S. Treasuries Corporate Credit+2 more
10	STOKR	8	$1,459,718,323 ▲	58 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
11	Libeara	14	$1,074,952,426 ▼	39 ▼	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Superstate	2	$1,012,359,977 ▲	155 ▲	U.S. Treasuries Active Strategies
13	WisdomTree	16	$990,050,114 ▲	2,649 ▲	U.S. Treasuries Stocks+2 more
14	Ctrl Alt	31	$484,759,715 ▲	3,802 ▲	Private Equity Commodities+2 more
15	xStocks	172	$453,053,830 ▲	179,445 ▲	Stocks Commodities+3 more
16	Hastra	1	$351,058,578 ▲	1,812 ▲	Asset-Backed Credit
17	Asseto	9	$344,348,433 ▼	64 ▲	Diversified Credit Active Strategies+3 more
18	Chainlink CCIP	3	$289,150,508 ▲	5,854 ▲	Asset-Backed Credit Stablecoins+1 more
19	OnRe	1	$176,315,050 ▲	6,316 ▲	Specialty Finance	Solana
20	Pareto	5	$173,510,534 ▲	74 ▲	Diversified Credit Stablecoins	Ethereum

Showing 1 to 20 of 162 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	—	$312,759,853,397 ▼	Repurchase Agreements	Canton
2	Figure	2	$17,983,344,609 ▲	Asset-Backed Credit Stablecoins+1 more
3	Justoken	6	$2,838,719,389 ▲	Commodities Specialty Finance
4	Tradable	48	$2,185,270,546 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
5	CRX Digital Assets	17	$619,395,029 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
6	PACT	7	$565,207,774 ▼	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	795	$264,028,532 ▼	Asset-Backed Credit Specialty Finance+1 more	R
13	Fidelity Investments	1	$142,731,070 ▼	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	$28,696,729 ▼	U.S. Treasuries
17	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
18	Robinhood	1,734	$19,862,116 ▲	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

94 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	$178,855,046,388 ▲	128,277,237 ▲	Stablecoins Commodities
2	Circle	2	$71,090,521,463 ▼	31,149,594 ▲	Stablecoins U.S. Treasuries	+8 more
3	Binance Bridge	3	$10,747,631,156 ▼	66,520,519 ▲	Stablecoins	BNB Chain
4	Paxos	5	$8,425,358,058 ▼	548,463 ▲	Stablecoins Commodities
5	Sky	1	$7,686,476,151 ▲	24,719 ▲	Stablecoins
6	Ethena	3	$5,613,005,139 ▼	358,439 ▲	Stablecoins
7	BitGo	2	$4,883,439,302 ▲	401,496 ▲	Stablecoins
8	MakerDAO	1	$3,585,305,464 ▲	624,880 ▼	Stablecoins	Ethereum
9	Polygon Bridge	2	$1,814,835,965 ▼	7,033,302 ▼	Stablecoins	Polygon
10	RLUSD	1	$1,753,056,657 ▲	56,329 ▲	Stablecoins
11	Falcon Finance	1	$1,730,437,573 ▼	7,133 ▼	Stablecoins
12	Arbitrum L1 Custom Gateway	2	$1,029,338,414 ▼	5,841,930 ▲	Stablecoins	Arbitrum
13	USDT0	1	$859,194,666 ▲	7,810,159 ▲	Stablecoins	Polygon
14	Aave	1	$583,362,598 ▼	6,849 ▲	Stablecoins	Ethereum
15	Usual	1	$554,637,885 ▼	123,205 ▼	Stablecoins	Ethereum
16	Figure	1	$523,551,535 ▼	3,409 ▲	Asset-Backed Credit Stablecoins+1 more
17	Solstice	1	$421,439,048 ▲	19,188 ▼	Stablecoins	Solana
18	M0	3	$409,365,897 ▲	14,304 ▲	Stablecoins Asset-Backed Credit
19	Frax Finance	2	$395,414,316 ▲	12,114 ▲	Stablecoins	+2 more
20	Anchorage Digital Bank	1	$333,556,955 ▲	96 ▲	Stablecoins	Solana

Showing 1 to 20 of 94 results

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