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

$32.41B

▼0.99%from 30d ago

Represented Asset Value

$357.54B

▲+6.60%from 30d ago

Stablecoin Value

$297.01B

▼2.80%from 30d ago

Total RWA Holders

932,568

▲+13.25%from 30d ago

Total Stablecoin Holders

267.34M

▲+3.34%from 30d ago

Total Platforms

187

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 06/24/2026

Top Net Flows

As of 06/24/2026

Include Stablecoins

Tokenization Platforms

174 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	$4,278,416,566 ▲	1,812 ▲	U.S. Treasuries Venture Capital+6 more	+6 more
2	Ondo	440	$3,746,612,117 ▼	154,602 ▲	U.S. Treasuries Stocks+6 more	+5 more
3	Circle	1	$3,130,775,224 ▲	46 ▼	Stablecoins U.S. Treasuries	+9 more
4	Tether Holdings	1	$2,526,414,052 ▼	56,490 ▼	Stablecoins Commodities
5	Franklin Templeton Benji Investments	4	$2,514,903,270 ▲	1,166 ▲	U.S. Treasuries
6	Paxos	1	$1,902,268,122 ▼	86,391 ▲	Stablecoins Commodities
7	Spiko	9	$1,830,471,081 ▲	9,173 ▲	Non-U.S. Government Debt Active Strategies+1 more
8	Centrifuge	8	$1,625,749,326 ▲	730 ▲	U.S. Treasuries Corporate Credit+2 more
9	Maple	4	$1,412,738,668 ▼	4,272 ▲	Asset-Backed Credit U.S. Treasuries
10	STOKR	9	$1,355,968,284 ▼	59 ▲	Specialty Finance Corporate Credit+2 more	Liquid Network
11	Libeara	14	$1,064,500,485 ▼	39 △	U.S. Treasuries Non-U.S. Government Debt+1 more
12	Superstate	2	$985,376,512 ▼	152 ▼	U.S. Treasuries Active Strategies
13	WisdomTree	16	$804,379,877 ▼	2,684 ▲	U.S. Treasuries Stocks+2 more
14	xStocks	179	$526,256,833 ▲	249,489 ▲	Stocks Commodities+3 more	+1 more
15	Ctrl Alt	31	$505,840,327 ▲	3,893 ▲	Private Equity Commodities+2 more
16	Realiz	1	$500,000,000 △	1 △	Corporate Credit	Stellar
17	Hastra	1	$391,830,043 ▲	1,867 ▲	Asset-Backed Credit
18	Asseto	9	$314,842,537 ▼	69 ▲	Diversified Credit Active Strategies+3 more
19	Chainlink CCIP	3	$239,615,775 ▼	5,931 ▲	Asset-Backed Credit Stablecoins+1 more
20	OpenEden Digital	2	$217,306,734 ▲	67 ▲	U.S. Treasuries Stablecoins+1 more

Showing 1 to 20 of 174 results

Tokenization Platforms (Represented)

21 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	—	$330,337,474,078 ▲	Repurchase Agreements	Canton
2	Figure	2	$19,028,388,468 ▲	Asset-Backed Credit Stablecoins+1 more
3	Justoken	6	$2,840,771,677 ▲	Commodities Specialty Finance
4	Tradable	48	$2,150,865,584 ▼	Asset-Backed Credit Corporate Credit+1 more	ZKsync Era
5	CRX Digital Assets	17	$605,087,106 ▼	Asset-Backed Credit Corporate Credit	XRP Ledger
6	PACT	7	$574,333,210 ▲	Asset-Backed Credit Corporate Credit	Aptos
7	VERT Capital	9	$448,144,153 ▼	Corporate Credit Asset-Backed Credit	XRP Ledger
8	Ctrl Alt	31	$400,220,606 △	Private Equity Commodities+2 more
9	Intain	2	$394,674,455 △	Asset-Backed Credit Specialty Finance	Intain
10	Tokeny by Apex	3	$283,972,388 △	Active Strategies
11	MB \| Mercado Bitcoin	813	$260,261,751 ▼	Asset-Backed Credit Specialty Finance+1 more	R
12	Fidelity Investments	1	$144,195,018 ▲	U.S. Treasuries	Ethereum
13	RedSwan Digital Real Estate	8	$135,188,000 △	Real Estate
14	Alphaledger	1,425	$125,856,305 ▲	Specialty Finance Active Strategies	Solana
15	Sygnum Bank	2	$23,768,072 ▼	U.S. Treasuries
16	T-RIZE Group	1	$23,000,000 △	Real Estate	Base
17	Robinhood	1,780	$19,696,693 ▼	Stocks Commodities+8 more	Arbitrum
18	MetaWealth	10	$2,140,000 △	Real Estate
19	TrueFi	1	$1 △	U.S. Treasuries	Ethereum
20	Wavist	1	$0 △	Specialty Finance	Ethereum

Showing 1 to 20 of 21 results

Stablecoin Platforms

97 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	$174,909,680,961 ▼	132,753,170 ▲	Stablecoins Commodities
2	Circle	2	$70,844,891,300 ▼	32,208,323 ▲	Stablecoins U.S. Treasuries	+9 more
3	Binance Bridge	3	$11,045,486,887 ▲	71,358,586 ▲	Stablecoins	BNB Chain
4	Sky	1	$7,590,724,360 ▼	24,511 ▼	Stablecoins
5	BitGo	2	$4,988,376,971 ▲	374,751 ▼	Stablecoins
6	Ethena	3	$4,524,951,190 ▲	61,146 ▼	Stablecoins
7	MakerDAO	1	$4,046,599,080 ▲	634,132 ▲	Stablecoins	Ethereum
8	Paxos	5	$3,925,254,719 ▼	539,943 ▼	Stablecoins Commodities
9	Anchorage Digital Bank	5	$1,824,916,482 ▲	304,445 ▲	Stablecoins
10	Polygon Bridge	2	$1,776,202,267 ▼	7,062,614 ▲	Stablecoins	Polygon
11	RLUSD	1	$1,619,085,849 ▼	57,235 ▲	Stablecoins
12	Falcon Finance	1	$1,409,646,155 ▼	7,054 ▼	Stablecoins
13	Arbitrum L1 Custom Gateway	2	$1,010,038,905 ▼	5,933,299 ▲	Stablecoins	Arbitrum
14	USDT0	1	$882,687,594 ▲	8,140,060 ▲	Stablecoins	Polygon
15	Aave	1	$597,845,802 ▲	7,046 ▲	Stablecoins	Ethereum
16	Figure	1	$555,946,656 ▲	3,649 ▲	Asset-Backed Credit Stablecoins+1 more
17	Usual	1	$552,982,480 ▼	123,151 ▼	Stablecoins	Ethereum
18	Solstice	1	$507,877,008 ▲	15,259 ▼	Stablecoins	Solana
19	Frax Finance	2	$349,897,276 ▼	12,412 ▲	Stablecoins	+2 more
20	M0	1	$310,132,484 ▲	82 ▼	Stablecoins

Showing 1 to 20 of 97 results

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