Stellar's Tokenized RWA Market Skyrockets to $4 Billion

The value of tokenized real-world assets (RWA) on Stellar has surged by nearly 360% in 2026, reaching a market cap of $4 billion. This growth is attributed to the increasing adoption of the network by financial institutions and tokenization platforms.

According to a Dune Analytics dashboard maintained by Stellar, the RWA market cap stood at $3.996 billion as of August 29, with US Treasurys, private and public credit, non-US government debt, and other tokenized asset classes contributing to this value.

A handful of issuers dominate the market, with Spiko accounting for $1.55 billion of Stellar's RWA value as of August 27, followed by Realiz at $559 million, Tradable at $548 million, Franklin Templeton at $546 million, and Ondo at $535 million.

Stellar has also made gains in non-US government debt, holding about $490 million in the asset class as of August 20, including tokenized Mexican CETES and Brazilian government bonds issued through Etherfuse.