Stellar Tokenized RWA Market Nears $4 Billion as XLM Price Lags Behind
The Stellar network has seen a significant increase in tokenized real-world assets (RWA), with the total market value approaching $4 billion. This growth marks one of the most substantial periods of institutional development for the network.
The value of tokenized RWA on Stellar surpassed $3.996 billion as of August 29, representing a 360% rise from $868.8 million at the end of 2025. This surge includes tokenized U.S. Treasurys, private and public credit, non-U.S. sovereign debt, and other financial securities established on the Stellar blockchain.
Several large issuers account for much of this growth, with Spiko holding approximately $1.55 billion in tokenized assets on Stellar, while Realiz, Tradable, Franklin Templeton, and Ondo each contributed between $535 million and $559 million.
The network has also expanded into tokenized non-U.S. government debt, building nearly $490 million in these assets by August 20. Examples include Mexican CETES and Brazilian government bonds issued via Etherfuse, a platform specializing in infrastructure for tokenizing local sovereign debt.