Stellar's Tokenized RWA Market Soars Past $4 Billion
The value of tokenized real-world assets (RWA) on Stellar has surged in 2026, more than quadrupling to nearly $4 billion. According to a Dune Analytics dashboard maintained by Stellar, the network's RWA market cap stood at $3.996 billion as of August 29.
The growth is concentrated among a handful of issuers, with Spiko accounting for $1.55 billion of Stellar’s RWA value as of August 27. Other top issuers include Realiz, Tradable, Franklin Templeton, and Ondo.
Institutional adoption drives the expansion, with financial institutions and tokenization platforms deepening their use of the network. The Depository Trust & Clearing Corporation (DTCC) announced plans to connect its tokenization service to Stellar in May, which could eventually support tokenized US Treasurys, major index ETFs, and stocks in the Russell 1000.