Tokenized assets on Stellar reached $3.25 billion as RWA transfer volume fell 57% over 30 days

Stellar's RWA Market Hits $3.25 Billion

@StellarOrg ($XLM) now hosts 70 tokenized real-world assets held across 18,917 addresses, according to data from RWAxyz. The total value of those assets has reached $3.25 billion, a milestone that puts Stellar firmly among the leading networks for regulated asset tokenization.

Spiko leads the issuer rankings, accounting for 41.63% of total value at $1.5 billion. Spiko's offerings include EUTBL, USTBL, and UKTBL, each a regulated tokenized money market fund backed by treasury bills from the Eurozone, United States, and United Kingdom respectively. Franklin Templeton ranks second at $570.6 million. Franklin Templeton is the issuer of BENJI, the first regulated money market fund on a blockchain, originally launched on Stellar in April 2021. Ondo sits third at $534.5 million. Ondo Finance's USDY is a tokenized note backed by short-term US Treasuries.

Despite the growth in total asset value, RWA transfer volume fell 57% over the same 30-day period, suggesting that while capital is accumulating on the network, day-to-day trading and settlement activity has slowed in the near term.

Stablecoins Tell a Different Story

Stablecoin activity on Stellar moved sharply in the opposite direction. Thirty-day transfer volume rose 40.77% to $7.59 billion, and stablecoin market cap climbed 20.25% to $394.88 million across 694,000 holders, per RWAxyz data.

The divergence between softer RWA transfer volumes and surging stablecoin flows points to two distinct user bases on the network: institutional issuers accumulating longer-dated tokenized instruments, and a larger base of users actively transacting in dollar-pegged assets.

The Stellar Development Foundation's Q2 2026 report showed tokenized RWAs had reached $3.05 billion, doubling in a single quarter, while the broader RWA market grew roughly 50% over the same stretch, meaning Stellar expanded about four times faster than the industry average. The $3.25 billion figure reported by RWAxyz reflects continued growth since that period.

Stellar's architecture was designed with institutional asset issuance in mind. The network includes built-in compliance tools, including controlled access accounts and clawback capabilities that regulated institutions require. Among major RWA networks, Stellar holds around 13% market share, behind Ethereum but ahead of Polygon, Solana, and others.

Sources:
Messari: State of Stellar Q1 2026
Bitget News: Stellar network's real-world assets market cap surpasses $3B
CoinDesk: Franklin Templeton Brings Tokenized Treasury Fund to Europe on Stellar