Research · Tokenized RWA Tracker
Tokenized RWA Tracker: Protocols, TVL, Treasury Funds
Tokenized real-world asset value by issuer, blockchain, and backing category. Updated monthly from on-chain data.
Latest reading as of
. Methodology v1.
TL;DR
Tokenized real-world assets stood at $25.54B as of 2026-05-31, down 0.0 percent on the month. Tokenized treasury funds account for $9.75B. The top three issuers hold 34.6 percent of the market.
Current reading
$25.5 billion
Total tokenized RWA value as of 31 May 2026. Time series builds out as the second monthly edition lands.
Key figures
- Total tokenized RWA value reached $25.5 billion as of 31 May 2026.
- Tokenized treasury funds reached $9.8 billion as of 31 May 2026, down 15.9 percent month over month.
- Total stablecoin supply reached $314.6 billion as of 31 May 2026.
- Net monthly RWA flow reached $0 as of 31 May 2026.
- Top three issuer concentration stood at 34.6 percent as of 31 May 2026.
- Active issuers reached 54 as of 31 May 2026.
- Chains carrying RWA reached 36 as of 31 May 2026.
Issuer leaderboard
| Rank | Issuer | Value (USD) | Share |
|---|---|---|---|
| 1 | Tether Gold | $3.1 billion | 12% |
| 2 | BlackRock BUIDL | $3.0 billion | 11.6% |
| 3 | Circle USYC | $2.8 billion | 11.1% |
| 4 | Ondo Yield Assets | $2.6 billion | 10.4% |
| 5 | Paxos Gold | $2.0 billion | 7.8% |
| 6 | Centrifuge Protocol | $1.4 billion | 5.4% |
| 7 | Spiko | $1.2 billion | 4.5% |
| 8 | Ondo Global Markets | $1.0 billion | 4% |
| 9 | Ethena USDtb | $1.0 billion | 3.9% |
| 10 | Blockchain Capital | $975.5 million | 3.8% |
Chain composition
| Rank | Chain | Value (USD) | Share |
|---|---|---|---|
| 1 | Ethereum | $14.1 billion | 55.1% |
| 2 | Binance | $3.5 billion | 13.7% |
| 3 | Solana | $1.8 billion | 6.9% |
| 4 | Stellar | $1.1 billion | 4.3% |
| 5 | zkSync Era | $999.3 million | 3.9% |
| 6 | Avalanche | $841.8 million | 3.3% |
| 7 | Aptos | $821.4 million | 3.2% |
| 8 | Arbitrum | $495.9 million | 1.9% |