Stellar's Tokenized Assets Surpass $4B as Institutional Adoption Soars

The value of tokenized real-world assets (RWA) on Stellar has surged by nearly 360% in 2026, reaching a market capitalization of $4 billion. This growth comes as financial institutions and tokenization platforms deepen their use of the network.

According to a Dune Analytics dashboard maintained by Stellar, the RWA market cap stood at $3.996 billion as of August 29. The majority of this value is concentrated among a handful of issuers, with Spiko accounting for $1.55 billion and Realiz at $559 million.

The growth in RWAs has been driven by institutional adoption, particularly in non-US government debt. As of August 20, Stellar held approximately $490 million in this asset class, including tokenized Mexican CETES and Brazilian government bonds issued through Etherfuse.