# RWA Tracker > RWA Tracker (https://www.rwatracker.app) tracks tokenized real-world assets: US treasuries, money market funds, private credit, gold, stocks, real estate and more, issued on public blockchains. As of Oct 5, 2026 it follows 525 products worth $36.0B in total. Data comes from DefiLlama and CoinGecko and refreshes hourly. Key definitions: - **Onchain value**: DefiLlama's measure of the assets held by a tokenized product. - **Market cap**: CoinGecko market cap, used for tokens DefiLlama doesn't track. - **RWA market value** excludes stablecoins, platform/governance tokens (ONDO, LINK...) and tokens already counted inside another product. When citing, please name "RWA Tracker (rwatracker.app)" and the data date (Oct 5, 2026). ## Main pages - [Home](https://www.rwatracker.app/): RWA market total, asset classes, largest assets, chains and issuers. - [All assets](https://www.rwatracker.app/assets/): every tracked product ranked by value. - [Methodology](https://www.rwatracker.app/methodology/): sources, what is counted and excluded. - [Full data in Markdown](https://www.rwatracker.app/llms-full.txt): every asset with value, category, issuer and chains. - [Dataset (JSON)](https://www.rwatracker.app/data/rwa.json): the full dataset with daily history. ## Asset classes - [Tokenized Private Credit](https://www.rwatracker.app/categories/private-credit/): $26.5B, 66 products - [Tokenized Stocks & ETFs](https://www.rwatracker.app/categories/tokenized-stocks/): $3.02B, 301 products - [Tokenized Treasuries](https://www.rwatracker.app/categories/tokenized-treasuries/): $2.96B, 52 products - [Tokenized Bonds & Fixed Income](https://www.rwatracker.app/categories/fixed-income/): $1.19B, 25 products - [Tokenized Gold](https://www.rwatracker.app/categories/tokenized-gold/): $871M, 23 products - [Tokenized Real Estate](https://www.rwatracker.app/categories/real-estate/): $404M, 28 products - [Tokenized Commodities](https://www.rwatracker.app/categories/commodities/): $1.25B, 47 products - [Other Real-World Assets](https://www.rwatracker.app/categories/other/): $293M, 2 products - [Tokenized Money Market Funds](https://www.rwatracker.app/categories/money-market-funds/): $523M, 23 products - [Tokenized Trading Strategies](https://www.rwatracker.app/categories/trading-strategies/): $132M, 3 products - [Tokenized Private Equity & Pre-IPO](https://www.rwatracker.app/categories/private-equity/): $122M, 16 products - [Tokenized Collectibles](https://www.rwatracker.app/categories/collectibles/): $7.29M, 9 products - [Tokenized Carbon Credits](https://www.rwatracker.app/categories/carbon-credits/): $1.50M, 5 products - [RWA Crowdfunding](https://www.rwatracker.app/categories/crowdfunding/): $42.6M, 4 products - [Onchain Equity](https://www.rwatracker.app/categories/onchain-equity/): $6.50K, 6 products - [RWA Crypto Tokens](https://www.rwatracker.app/categories/rwa-tokens/): $30.5B, 132 products ## Chains - [RWAs on Ethereum](https://www.rwatracker.app/chains/ethereum/): $2.52B known value, 66 products - [RWAs on Solana](https://www.rwatracker.app/chains/solana/): $599M known value, 15 products - [RWAs on Arbitrum](https://www.rwatracker.app/chains/arbitrum/): $366M known value, 15 products - [RWAs on Avalanche](https://www.rwatracker.app/chains/avalanche/): $190M known value, 10 products - [RWAs on Algorand](https://www.rwatracker.app/chains/algorand/): $128M known value, 4 products - [RWAs on Plume Mainnet](https://www.rwatracker.app/chains/plume-mainnet/): $117M known value, 7 products - [RWAs on Binance](https://www.rwatracker.app/chains/binance/): $117M known value, 15 products - [RWAs on Monad](https://www.rwatracker.app/chains/monad/): $115M known value, 5 products - [RWAs on Polygon](https://www.rwatracker.app/chains/polygon/): $51.3M known value, 19 products - [RWAs on Base](https://www.rwatracker.app/chains/base/): $47.2M known value, 21 products - [RWAs on Aptos](https://www.rwatracker.app/chains/aptos/): $8.06M known value, 5 products - [RWAs on Stellar](https://www.rwatracker.app/chains/stellar/): $6.89M known value, 4 products ## Issuers - [Figure](https://www.rwatracker.app/issuers/figure/): $24.9B, 2 products - [Superstate](https://www.rwatracker.app/issuers/superstate/): $1.32B, 2 products - [Kinesis](https://www.rwatracker.app/issuers/kinesis/): $756M, 2 products - [Ethena](https://www.rwatracker.app/issuers/ethena/): $489M, 1 products - [Centrifuge](https://www.rwatracker.app/issuers/centrifuge/): $333M, 5 products - [RealT](https://www.rwatracker.app/issuers/realt/): $155M, 1 products - [Theo](https://www.rwatracker.app/issuers/theo/): $139M, 2 products - [Frax Finance](https://www.rwatracker.app/issuers/frax-finance/): $109M, 1 products - [Usual](https://www.rwatracker.app/issuers/usual/): $84.7M, 2 products - [Sky](https://www.rwatracker.app/issuers/sky/): $74.8M, 1 products - [Tangible](https://www.rwatracker.app/issuers/tangible/): $41.5M, 2 products - [Clearpool](https://www.rwatracker.app/issuers/clearpool/): $20.9M, 1 products - [Solv Protocol](https://www.rwatracker.app/issuers/solv-protocol/): $9.90M, 2 products - [Anzen Finance](https://www.rwatracker.app/issuers/anzen-finance/): $7.69M, 2 products - [Resolv](https://www.rwatracker.app/issuers/resolv/): $7.28M, 1 products - [Lista DAO](https://www.rwatracker.app/issuers/lista-dao/): $4.41M, 1 products - [Zoth](https://www.rwatracker.app/issuers/zoth/): $2.20M, 2 products - [Ondo Finance](https://www.rwatracker.app/issuers/ondo-finance/): $0, 4 products - [Circle](https://www.rwatracker.app/issuers/circle/): $0, 1 products - [Securitize](https://www.rwatracker.app/issuers/securitize/): $0, 7 products - [Paxos](https://www.rwatracker.app/issuers/paxos/): $0, 1 products - [Tether](https://www.rwatracker.app/issuers/tether/): $0, 1 products - [Spiko](https://www.rwatracker.app/issuers/spiko/): $0, 5 products - [Franklin Templeton](https://www.rwatracker.app/issuers/franklin-templeton/): $0, 1 products ## Guides - [How to Buy Ondo OUSG: Tokenized Treasuries for Qualified Investors](https://www.rwatracker.app/learn/how-to-buy-ousg/): OUSG is Ondo's tokenized short-term US Treasury fund. Who can buy it, how instant minting and redemption work, what it holds (including BlackRock BUIDL), and how it compares with USDY. - [How to Buy Ondo USDY: Eligibility, Yield and Where It Trades](https://www.rwatracker.app/learn/how-to-buy-usdy/): Ondo's USDY is a treasury-backed yield token for non-US investors. Who can buy it, how to mint it from Ondo, how its yield works, and how it compares with BUIDL and OUSG. - [How to Invest in BlackRock BUIDL (and Who Can)](https://www.rwatracker.app/learn/how-to-invest-in-buidl/): BlackRock's BUIDL fund is only open to qualified institutional investors through Securitize. Who can invest, how subscriptions work, and how retail investors get indirect exposure. - [How to Invest in Real-World Assets (RWAs): A Step-by-Step Guide](https://www.rwatracker.app/learn/how-to-invest-in-rwas/): A practical guide to buying tokenized real-world assets: choosing an asset class, checking eligibility, onboarding with an issuer or buying on an exchange, custody, and the checks to make first. - [Permissioned Tokens and ERC-3643: How RWA Tokens Enforce the Rules](https://www.rwatracker.app/learn/permissioned-tokens-erc-3643/): Most tokenized securities can only be held by approved wallets. How permissioned tokens work, what ERC-3643 is, and why issuers can freeze or force-transfer RWA tokens. - [Onchain Private Credit: How Tokenized Lending Works and Its Risks](https://www.rwatracker.app/learn/private-credit-onchain/): Tokenized private credit funds real-world loans with onchain capital. How it works, the main platforms (Figure, Centrifuge, Maple and others), why yields are higher, and what can go wrong. - [RWAs on Ethereum: The Largest Chain for Tokenized Assets](https://www.rwatracker.app/learn/rwa-on-ethereum/): Ethereum holds the largest share of tokenized real-world assets. Which RWAs are on Ethereum, why issuers start there, and how Ethereum layer 2s fit in. Live data. - [RWAs on Solana: Tokenized Treasuries, Stocks and More](https://www.rwatracker.app/learn/rwa-on-solana/): Which tokenized real-world assets are on Solana, how much value they hold, and why issuers of tokenized treasuries and stocks have been launching there. Live data. - [Risks of Tokenized Real-World Assets: What Can Go Wrong](https://www.rwatracker.app/learn/rwa-risks/): Tokenized real-world assets carry the risks of the underlying asset plus issuer, legal, custody, smart contract, oracle and liquidity risks. A checklist for evaluating any RWA product. - [RWA Tokenization Platforms: Securitize, Ondo, Centrifuge and Others](https://www.rwatracker.app/learn/rwa-tokenization-platforms/): Who actually issues tokenized real-world assets: asset managers, tokenization platforms and transfer agents. How Securitize, Ondo, Centrifuge, Franklin Templeton, Paxos and others fit together. - [RWAs vs Stablecoins: What's the Difference?](https://www.rwatracker.app/learn/rwa-vs-stablecoins/): Stablecoins and tokenized real-world assets both hold real-world reserves, but only RWAs pass the return to holders. The differences in yield, regulation, access and risk, explained. - [How RWAs Are Used in DeFi: Collateral, Stablecoin Reserves and Yield](https://www.rwatracker.app/learn/rwas-in-defi/): Tokenized treasuries and other RWAs now back stablecoins, serve as collateral in lending markets and exchanges, and provide base yield for DeFi strategies. How it works and the risks. - [Tokenized Gold Explained: PAXG, XAUT and How Gold Tokens Work](https://www.rwatracker.app/learn/tokenized-gold/): Gold tokens like PAX Gold (PAXG) and Tether Gold (XAUT) are each backed by physical gold in a vault. How they work, how they compare, how redemption works, and the risks. - [Tokenized Money Market Funds: How Onchain MMFs Work](https://www.rwatracker.app/learn/tokenized-money-market-funds/): Tokenized money market funds put shares of a regulated money market fund on a blockchain. How they differ from tokenized treasuries and stablecoins, the main funds, and who can invest. - [Tokenized Real Estate: How Fractional Property Tokens Work](https://www.rwatracker.app/learn/tokenized-real-estate/): Tokenized real estate lets investors buy a fraction of a rental property as a token and receive a share of the rent. How it works, the main platforms, the legal structure, and the risks. - [Tokenized Stocks Explained: xStocks, Ondo Global Markets and More](https://www.rwatracker.app/learn/tokenized-stocks/): Tokenized stocks are tokens that track listed shares like Tesla, Nvidia or the S&P 500, backed by the shares themselves. How they work, who issues them, what rights you get, and who can buy. - [Tokenized Treasuries Explained: How They Work and the Largest Funds](https://www.rwatracker.app/learn/tokenized-treasuries/): Tokenized treasuries are tokens backed by US Treasury bills. How they pay yield, who issues them (BlackRock, Franklin Templeton, Ondo, Superstate), who can buy them, and the risks. - [Top RWA Crypto Tokens by Market Cap](https://www.rwatracker.app/learn/top-rwa-crypto-tokens/): The largest RWA crypto tokens by market cap, live: tokenization platforms, RWA blockchains and oracles. What each does, how they differ from tokenized assets, and what drives their value. - [What Are Real-World Assets (RWAs) in Crypto? A Plain-English Guide](https://www.rwatracker.app/learn/what-are-real-world-assets/): Real-world assets (RWAs) are traditional assets like treasuries, loans, gold and stocks represented by tokens on a blockchain. How they work, the main types, the risks, and how big the market is. - [Who Can Buy RWAs? KYC, Accredited and Qualified Investors Explained](https://www.rwatracker.app/learn/who-can-buy-rwas/): Most tokenized funds require KYC and limit who can invest. What accredited investors and qualified purchasers are, how Reg D and Reg S offerings work, and which RWAs are open to everyone. ## Glossary - [RWA glossary](https://www.rwatracker.app/glossary/): 60 terms. ## Sister sites (same team) - [CryptoCatalyst](https://www.cryptocatalyst.news/): Daily crypto news digest. - [ChainTVL](https://www.chaintvl.com/): Cross-chain TVL and capital flow tracker. - [Token Buybacks](https://www.tokenbuybacks.app/): Crypto token buyback tracker.