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

$21.35B

▲+5.58%from 30d ago

Represented Asset Value

$350.08B

▼11.66%from 30d ago

Stablecoin Value

$299.57B

▲+0.10%from 30d ago

Total RWA Holders

636,898

▲+8.94%from 30d ago

Total Stablecoin Holders

223.02M

▲+5.24%from 30d ago

Total Platforms

140

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 01/19/2026

Top Net Flows

As of 01/19/2026

Include Stablecoins

Distributed Platforms

125 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	$3,153,985,940 ▲	1,749 ▲	U.S. Treasuries Institutional Funds+2 more	+4 more
2	Ondo	203	$2,096,814,649 ▲	53,067 ▲	U.S. Treasuries Stocks+1 more	+2 more
3	Maple	16	$2,059,040,726 ▼	4,477 ▲	Private Credit U.S. Treasuries
4	Tether Holdings	1	$1,930,315,564 ▲	22,927 ▲	Stablecoins Commodities
5	Paxos	1	$1,761,478,259 ▲	90,069 ▲	Stablecoins Commodities
6	Circle	1	$1,464,619,139 ▲	53 ▼	Stablecoins U.S. Treasuries	+8 more
7	Centrifuge	4	$1,237,721,119 ▼	23 ▲	Institutional Funds U.S. Treasuries+1 more
8	STOKR	1	$1,084,630,243 ▲	22 △	Corporate Bonds	Liquid Network
9	Libeara	14	$1,033,919,945 ▼	35 ▲	U.S. Treasuries Non-U.S. Government Debt
10	Superstate	2	$949,874,585 ▲	149 ▲	U.S. Treasuries Institutional Funds
11	Franklin Templeton Benji Investments	1	$881,480,864 ▲	969 ▲	U.S. Treasuries
12	WisdomTree	15	$780,404,738 ▲	2,119 ▲	U.S. Treasuries Stocks+3 more
13	Spiko	5	$776,523,727 ▲	2,676 ▲	Non-U.S. Government Debt U.S. Treasuries+1 more
14	Hastra	1	$201,357,137 ▲	1,160 △	Private Credit	Solana
15	xStocks	74	$195,908,560 ▲	119,358 ▲	Stocks
16	Resolv	1	$184,833,983 ▲	5,398 ▼	Stablecoins Actively Managed Strategies	Ethereum
17	Midas	3	$172,471,429 ▼	3,128 ▲	Institutional Funds U.S. Treasuries+1 more
18	Theo	1	$149,781,795 ▼	356 ▲	U.S. Treasuries	Ethereum
19	Pareto	4	$118,343,479 ▲	37 ▲	Private Credit Stablecoins	Ethereum
20	RedSwan Digital Real Estate	8	$107,962,800 △	0 △	Real Estate	Stellar

Showing 1 to 20 of 125 results

Represented Platforms

15 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	—	$330,116,881,429 ▼	Repurchase Agreements	Canton
2	Figure	1	$14,649,285,360 ▲	Private Credit	Provenance
3	Tradable	46	$2,302,608,851 ▲	Private Credit	ZKsync Era
4	PACT	7	$595,154,228 ▼	Private Credit	Aptos
5	Justoken	5	$586,633,239 ▲	Commodities Private Credit	Polygon
6	Intain	2	$431,881,634 △	Private Credit	Intain
7	Tokeny	2	$283,972,388 △	Institutional Funds	Avalanche C-Chain
8	VERT Capital	8	$268,915,916 ▲	Private Credit	XRP Ledger
9	Ctrl Alt	24	$235,238,851 ▲	Real Estate Commodities
10	Fidelity Investments	1	$214,844,938 ▼	U.S. Treasuries	Ethereum
11	MB \| Mercado Bitcoin	673	$202,352,492 ▲	Private Credit Stablecoins	R
12	Cashlink	4	$120,208,254 ▼	Corporate Bonds	Polygon
13	Sygnum Bank	1	$46,935,407 ▲	U.S. Treasuries	ZKsync Era
14	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
15	Arca Labs	1	$444,164 ▲	U.S. Treasuries	Ethereum

Showing 1 to 15 of 15 results

Stablecoin Platforms

74 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	$177,653,122,520 ▲	115,401,805 ▲	Stablecoins Commodities
2	Circle	2	$73,768,321,681 ▼	29,408,460 ▲	Stablecoins U.S. Treasuries	+8 more
3	MakerDAO	1	$10,336,649,255 ▼	735,859 ▲	Stablecoins	Ethereum
4	Binance	2	$9,292,370,847 ▲	49,796,446 ▲	Stablecoins	BNB Chain
5	Ethena	2	$7,394,390,294 ▲	344,660 ▲	Stablecoins
6	Paxos	5	$5,101,486,997 ▼	534,193 ▲	Stablecoins Commodities
7	BitGo	1	$3,400,725,194 ▲	566,926 ▲	Stablecoins
8	Polygon Bridge	3	$2,428,021,526 ▲	14,195,731 ▲	Stablecoins	Polygon
9	Falcon Finance	1	$2,165,425,490 ▼	12,048 ▼	Stablecoins
10	RLUSD	1	$1,405,006,712 ▲	40,174 ▲	Stablecoins
11	Arbitrum L1 Custom Gateway	2	$1,085,282,324 ▲	4,873,067 ▲	Stablecoins	Arbitrum
12	M0	1	$856,589,050 ▼	79 ▲	Stablecoins
13	Usual	1	$588,028,007 ▲	126,544 ▼	Stablecoins	Ethereum
14	USDai Protocol	1	$521,715,663 ▲	4,600 ▼	Stablecoins	Arbitrum
15	First Digital Labs	1	$515,095,972 ▼	59,518 ▼	Stablecoins
16	Aave	1	$484,767,891 ▼	7,972 ▲	Stablecoins	Ethereum
17	Resolv	1	$359,869,464 ▲	11,344 ▲	Stablecoins Actively Managed Strategies	Ethereum
18	Solstice	1	$302,351,945 ▼	25,752 ▼	Stablecoins	Solana
19	Frax Finance	1	$274,513,245 ▼	13,776 ▲	Stablecoins	Ethereum
20	Optimism Bridge	2	$240,176,328 ▼	3,837,925 ▼	Stablecoins	Optimism

Showing 1 to 20 of 74 results

Documentation Data Partners Blog Terms of Use Privacy Policy