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

$33.85B

▲+0.12%from 30d ago

Represented Asset Value

$339.93B

▼5.17%from 30d ago

Stablecoin Value

$305.90B

▲+0.16%from 30d ago

Total RWA Holders

791,734

▲+7.33%from 30d ago

Total Stablecoin Holders

253.38M

▲+3.90%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 05/16/2026

Top Net Flows

As of 05/16/2026

Include Stablecoins

Distributed Platforms

161 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	$4,391,746,272 ▲	1,798 ▲	U.S. Treasuries Venture Capital+6 more	+5 more
2	Paxos	1	$4,234,348,635 ▼	83,571 ▲	Stablecoins Commodities
3	Ondo	266	$3,770,944,526 ▲	107,165 ▲	U.S. Treasuries Stocks+6 more	+5 more
4	Circle	1	$2,971,935,149 ▲	44 △	Stablecoins U.S. Treasuries	+8 more
5	Tether Holdings	1	$2,601,133,414 ▼	42,405 ▲	Stablecoins Commodities
6	Franklin Templeton Benji Investments	4	$2,378,042,286 ▲	1,146 ▲	U.S. Treasuries
7	Spiko	9	$1,727,073,763 ▲	7,319 ▲	Non-U.S. Government Debt Active Strategies+1 more
8	Centrifuge	8	$1,563,477,697 ▼	517 ▲	U.S. Treasuries Corporate Credit+2 more
9	STOKR	8	$1,486,425,524 ▲	58 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
10	Maple	4	$1,403,538,189 ▼	4,163 ▲	Asset-Backed Credit U.S. Treasuries
11	Libeara	14	$1,091,706,217 ▼	38 ▼	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Superstate	2	$1,071,584,279 ▲	154 ▲	U.S. Treasuries Active Strategies
13	WisdomTree	16	$988,502,162 ▲	2,641 ▲	U.S. Treasuries Stocks+2 more
14	Ctrl Alt	31	$474,195,063 ▲	3,752 ▲	Private Equity Commodities+2 more
15	xStocks	172	$413,018,000 ▲	175,914 ▲	Stocks Commodities+3 more
16	Asseto	9	$344,316,222 ▼	64 ▲	Diversified Credit Active Strategies+3 more
17	Chainlink CCIP	3	$306,589,314 ▼	5,816 ▲	Asset-Backed Credit Stablecoins+1 more
18	Hastra	1	$304,774,757 ▼	1,747 ▲	Asset-Backed Credit	Solana
19	Pareto	5	$171,495,019 ▼	73 ▲	Diversified Credit Stablecoins	Ethereum
20	OnRe	1	$168,502,507 ▲	6,140 ▲	Specialty Finance	Solana

Showing 1 to 20 of 161 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	—	$313,725,898,091 ▼	Repurchase Agreements	Canton
2	Figure	2	$17,790,434,152 ▲	Asset-Backed Credit Stablecoins+1 more
3	Justoken	6	$2,837,789,100 ▲	Commodities Specialty Finance
4	Tradable	48	$2,185,270,546 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
5	CRX Digital Assets	17	$574,508,546 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
6	PACT	7	$570,097,346 ▼	Asset-Backed Credit Corporate Credit	Aptos
7	Bitbond	2	$500,000,000 △	Corporate Credit	Stellar
8	Ctrl Alt	31	$405,963,725 ▼	Private Equity Commodities+2 more
9	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
10	VERT Capital	9	$379,279,716 ▲	Corporate Credit Asset-Backed Credit	XRP Ledger
11	Tokeny	2	$283,972,388 △	Active Strategies	Avalanche C-Chain
12	MB \| Mercado Bitcoin	795	$263,628,162 ▼	Asset-Backed Credit Specialty Finance+1 more	R
13	Fidelity Investments	1	$152,826,070 ▲	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	$28,679,632 ▼	U.S. Treasuries
17	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
18	Robinhood	1,726	$20,143,146 ▲	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	$179,625,545,298 ▲	126,576,185 ▲	Stablecoins Commodities
2	Circle	2	$71,375,851,824 ▼	30,698,021 ▲	Stablecoins U.S. Treasuries	+8 more
3	Binance Bridge	3	$10,753,945,151 ▲	65,469,986 ▲	Stablecoins	BNB Chain
4	Sky	1	$8,382,449,809 ▲	24,515 ▲	Stablecoins
5	Paxos	5	$8,275,829,015 ▼	547,139 ▲	Stablecoins Commodities
6	Ethena	3	$5,405,207,060 ▼	357,973 ▲	Stablecoins
7	BitGo	2	$4,644,920,802 ▲	397,637 ▲	Stablecoins
8	MakerDAO	1	$3,626,712,631 ▲	623,042 ▼	Stablecoins	Ethereum
9	Polygon Bridge	2	$1,834,863,387 ▼	7,066,745 ▼	Stablecoins	Polygon
10	Falcon Finance	1	$1,730,959,205 ▼	7,227 ▼	Stablecoins
11	RLUSD	1	$1,541,405,031 ▲	56,160 ▲	Stablecoins
12	Arbitrum L1 Custom Gateway	2	$1,022,573,174 ▼	5,826,723 ▲	Stablecoins	Arbitrum
13	USDT0	1	$833,927,752 ▼	7,788,012 ▲	Stablecoins	Polygon
14	Aave	1	$583,654,312 ▼	6,984 ▲	Stablecoins	Ethereum
15	Usual	1	$556,553,633 ▼	123,225 ▼	Stablecoins	Ethereum
16	Figure	1	$529,768,597 ▼	3,362 ▲	Asset-Backed Credit Stablecoins+1 more
17	Anchorage Digital Bank	1	$401,540,230 ▲	87 ▲	Stablecoins	Solana
18	M0	3	$399,489,188 ▲	13,816 ▲	Stablecoins Asset-Backed Credit
19	Solstice	1	$398,780,834 ▼	19,267 ▼	Stablecoins	Solana
20	Frax Finance	2	$389,757,029 ▲	11,975 ▲	Stablecoins	+2 more

Showing 1 to 20 of 94 results

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