Tokenized real-world assets, tracked

As of Oct 5, 2026, RWA Tracker follows 525 tokenized real-world asset products worth $36.0B. The largest asset class is tokenized private credit ($26.5B), and the largest single product is Figure HELOC ($24.4B). Treasuries, private credit, gold, stocks and real estate, by asset, issuer and chain. Updated hourly.

RWA market value

$36.0B

Products tracked

525

Issuers

Chains

Total RWA value$36.0B Oct 5, 2026

$36.7B$33.2B

Sep 8, 2026Oct 5, 2026

Earlier values are estimated: each day's change is measured on the products with history that day.

RWA market by asset class

All categories

Largest tokenized assets

All assets

Largest tokenized real-world assets
#	Asset	Category	Issuer	Value	7D	30D
1	Figure HELOCFIGR_HELOC	Private credit	Figure	$24.4B mc	+5.2%	+6.0%
2	Superstate USTBUSTB	Treasuries	Superstate	$753M mc	-0.5%	-3.7%
3	Invesco USTB	Treasuries	Superstate	$565M	+3.4%	-5.0%
4	Kinesis GoldKAU	Gold	Kinesis	$532M mc	+62.5%	+54.3%
5	Figure YLDSYLDS	Bonds	Figure	$511M mc	+3.4%	-2.5%
6	Ethena USDtb	Treasuries	Ethena	$489M	-0.7%	+1.3%
7	HumaHUMA	Private credit	-	$414M	+11.3%	+47.9%
8	ReRE	Bonds	-	$397M	+2.1%	+15.9%
9	USD AICHIP	Private credit	-	$338M	+55.7%	+20.1%
10	Anemoy Capital	Treasuries	Centrifuge	$333M	-0.2%	-58.3%
11	OnRe	Other	-	$293M	-1.3%	-1.9%
12	OpenTrade	Bonds	-	$252M	-5.7%	-2.3%
13	Plume Vaults	Treasuries	-	$231M	+4.5%	+61.1%
14	Kinesis SilverKAG	Commodities	Kinesis	$224M mc	-5.9%	-10.7%
15	Tradable NA Rent Financing Platform SSTNPC0000031	Private credit	-	$203M mc	0.0%	0.0%
16	Tradable APAC Diversified Finance Provider SSTNPC0000033	Private credit	-	$163M mc	0.0%	0.0%
17	RealT Tokens	Real estate	RealT	$155M	+0.0%	-0.0%
18	Strategy PP Variable xStockSTRCX	Stocks & ETFs	-	$146M mc	+1.2%	-5.3%
19	Circle Internet Group (bStocks Tokenized Stock)CRCLB	Stocks & ETFs	-	$142M mc	+21.8%	+37.0%
20	R25	Money market funds	-	$134M	-0.4%	+1.1%
21	Theo Network thUSD	Strategies	Theo	$132M	-	-
22	MicroStrategy xStockMSTRX	Stocks & ETFs	-	$118M mc	+16.7%	+63.2%
23	Theo Short Duration US Treasury FundTHBILL	Treasuries	-	$117M mc	-0.1%	-0.6%
24	Tradable Singapore Fintech SSLPC0000023	Private credit	-	$115M mc	0.0%	0.0%
25	Tether Gold TokensXAUT0	Gold	-	$110M mc	-2.9%	-10.1%

Fastest growing (30 days)

RWAs by chain

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Largest issuers

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RWA FAQ

What are real-world assets (RWAs) in crypto?

Real-world assets are traditional financial and physical assets, such as government bonds, money market funds, loans, gold, stocks and real estate, that are represented by tokens on a blockchain. The token gives a claim on the underlying asset, which is held by an issuer or custodian.

How big is the RWA market?

What is the largest tokenized asset class?

Tokenized Private Credit ($26.5B), Tokenized Stocks & ETFs ($2.96B), Tokenized Treasuries ($2.96B), Tokenized Bonds & Fixed Income ($1.18B). Stablecoins are not counted.

Which blockchain has the most RWAs?

Ethereum holds the most known RWA value ($2.52B), followed by Solana, Arbitrum, Avalanche.

Are stablecoins counted as RWAs here?

No. Fiat stablecoins such as USDT and USDC are tracked elsewhere and left out of these totals. Yield-bearing tokens backed by treasuries, such as USDY or BUIDL, are included because they pass the return of the underlying assets to holders.