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

$39.37B

▲+0.73%from 30d ago

Represented Asset Value

$408.71B

▲+4.52%from 30d ago

Stablecoin Value

$284.86B

▼3.48%from 30d ago

Total RWA Holders

5,510,548

▲+7.66%from 30d ago

Total Stablecoin Holders

305.36M

▲+3.24%from 30d ago

Total Platforms

215

Tokenization Platform Metrics

Platform Asset Value

Asset Type

Include Stablecoins

as of 11/03/2026

Top Net Flows by Platform

as of 11/03/2026

Include Stablecoins

Tokenization Platforms

202 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	50	$4,147,134,801 ▼	1,465 ▲	U.S. Treasury Funds Venture Capital+7 more	+7 more
2	Ondo	484	$4,073,929,993 ▲	566,552 ▲	U.S. Treasury Funds Stocks+8 more	+5 more
3	Spiko	12	$3,122,022,145 ▲	19,164 ▲	Active Strategies Non-U.S. Government Debt+1 more
4	Tether Holdings	1	$3,011,444,931 ▲	141,454 ▲	Stablecoins Commodities
5	Franklin Templeton Benji Investments	4	$2,928,282,364 ▲	1,219 ▲	U.S. Treasury Funds
6	Circle	1	$2,239,906,982 ▼	29 ▼	Stablecoins U.S. Treasury Funds	+9 more
7	Paxos	1	$1,752,677,948 ▼	107,880 ▲	Stablecoins Commodities
8	STOKR	9	$1,499,380,231 ▼	60 ▼	Specialty Finance Corporate Credit+2 more	Liquid Network
9	bStocks	105	$1,445,685,333 ▲	1,555,720 ▲	Stocks U.S. Treasury Funds	BNB Chain
10	Ethena	1	$1,147,940,278 ▼	18,265 ▲	Stablecoins Active Strategies
11	Maple Finance	4	$960,046,504 ▼	4,346 ▼	Asset-Backed Credit U.S. Treasury Funds
12	Kinexys Digital Assets	2	$895,341,668 ▲	11 △	U.S. Treasury Funds
13	Libeara	14	$823,929,739 ▼	33 ▲	U.S. Treasury Funds Non-U.S. Government Debt+1 more
14	Centrifuge	9	$760,557,409 ▼	1,705 ▼	Corporate Credit U.S. Treasury Funds+2 more	+2 more
15	WisdomTree	16	$706,115,952 ▼	2,579 ▼	U.S. Treasury Funds Stocks+2 more
16	Ctrl Alt	24	$682,539,508 ▼	2,477 ▼	Private Equity Commodities+2 more
17	Hastra	3	$647,119,572 ▼	2,624 ▲	Asset-Backed Credit
18	xStocks	1,492	$625,353,773 ▲	822,059 ▲	Stocks Commodities+6 more	+2 more
19	Superstate	2	$517,015,932 ▼	154 ▲	U.S. Treasury Funds Active Strategies
20	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar

Showing 1 to 20 of 202 results

Tokenization Platforms (Represented)

25 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	—	$362,016,744,179 ▲	Repurchase Agreements	Canton
2	Figure	2	$26,013,700,802 ▲	Asset-Backed Credit Stablecoins+1 more
3	Bridgetower	1	$10,724,854,455 ▼	Specialty Finance	Avalanche C-Chain
4	Justoken	6	$2,918,920,801 ▼	Commodities Specialty Finance
5	Tradable	48	$1,723,969,215 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
6	CRX Digital Assets	159	$1,616,107,923 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
7	Injective RWA Infrastructure	1	$1,060,956,793 △	Real Estate	Injective
8	PACT	7	$574,017,712 ▲	Asset-Backed Credit Corporate Credit	Aptos
9	VERT Capital	13	$438,289,828 ▲	Corporate Credit Asset-Backed Credit	XRP Ledger
10	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
11	Tokeny by Apex	3	$283,972,388 △	Active Strategies
12	Ctrl Alt	24	$282,568,486 △	Private Equity Commodities+2 more
13	MB \| Mercado Bitcoin	866	$229,382,458 ▲	Asset-Backed Credit Specialty Finance+1 more	R
14	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
15	Alphaledger	1,425	$125,856,305 ▲	Specialty Finance Active Strategies	Solana
16	Licuido Limited	2	$117,163,284 ▲	Non-U.S. Government Debt U.S. Treasury Funds	XRP Ledger
17	Enzyme Onyx	1	$48,217,245 ▲	Asset-Backed Credit
18	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
19	Fidelity Investments	1	$22,069,316 ▲	U.S. Treasury Funds	Ethereum
20	Sygnum Bank	3	$15,332,825 ▼	U.S. Treasury Funds

Showing 1 to 20 of 25 results

Stablecoin Platforms

103 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	$167,239,216,232 ▼	136,092,376 ▲	Stablecoins Commodities
2	Circle	2	$67,760,183,208 ▼	41,993,165 ▲	Stablecoins U.S. Treasury Funds	+9 more
3	Binance Bridge	3	$11,048,621,914 ▼	95,421,046 ▲	Stablecoins	BNB Chain
4	Sky	1	$6,489,587,207 ▼	30,709 ▲	Stablecoins
5	Ethena	3	$4,448,333,910 ▼	84,208 ▲	Stablecoins Active Strategies
6	Paxos	4	$4,269,443,720 ▼	1,061,293 ▲	Stablecoins Commodities
7	BitGo	2	$4,158,151,656 ▼	643,255 ▼	Stablecoins
8	MakerDAO	1	$4,075,727,653 ▼	858,336 ▲	Stablecoins	Ethereum
9	RLUSD	1	$2,491,506,719 ▲	78,546 ▼	Stablecoins
10	Anchorage Digital Bank	5	$1,934,707,983 ▼	329,834 ▲	Stablecoins
11	Falcon Finance	1	$1,779,186,294 ▲	11,727 ▲	Stablecoins
12	Polygon Bridge	2	$1,486,213,193 ▲	7,573,231 ▼	Stablecoins	Polygon
13	Arbitrum L1 Custom Gateway	2	$858,462,905 ▼	5,708,462 ▼	Stablecoins	Arbitrum
14	USDT0	1	$762,570,577 ▼	8,081,153 ▼	Stablecoins
15	Aave	1	$698,015,882 ▼	10,317 ▲	Stablecoins	Ethereum
16	Usual	1	$541,195,884 ▼	125,959 ▼	Stablecoins	Ethereum
17	Multipli	2	$480,558,299 ▼	224 △	Stablecoins
18	Figure	1	$459,689,567 ▼	4,074 ▲	Asset-Backed Credit Stablecoins+1 more
19	Frax Finance	2	$299,811,748 ▼	20,625 ▲	Stablecoins	+2 more
20	Techteryx	1	$280,885,976 ▼	658,829 ▲	Stablecoins

Showing 1 to 20 of 103 results

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