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RWA.xyz

RWA.xyz is a data platform tracking metrics on real-world asset tokenization, including tokenized Treasuries, stablecoins and other on-chain assets.

Known aliases

  • RWA xyz
  • RWA.xyz
  • RWA.xyz data

Current stories

investOne report1 publisher

XRP Ledger's Permission Delegation splits payment and compliance duties without capping amounts

XRP Ledger's Permission Delegation went live Oct. 8, letting institutions hand specific transaction rights to other accounts without sharing primary keys. Because the grants cannot carry spending limits, institutions keep their own checks on how much a delegate sends.

Publishers:cryptoslate.com

Reality

Evidence58
Adoption30
Hype gap+22
Incentives65
Confidence45
investOne report1 publisher

Tokenized stock SPVs cluster in Jersey, the BVI and Abu Dhabi, with Jersey holding $651 million of the $2.93 billion market

Large issuers led by Ondo, Kraken's xStocks and Binance bStocks hold about 81% of $2.93 billion in tokenized stocks via offshore SPVs, RWA.xyz data shows. A holder's claim runs to the vehicle and not to the company behind the share, so issuer, custodian and governing law become part of what the buyer owns.

Reality

Evidence35
Adoption40
Hype gap+15
Incentives
Not scored
Confidence40
investOne report1 publisher

Binance and Ondo wrap most of the estimated $314 million to $345 million in tokenized Circle stock

Outside issuers have tokenized an estimated $314 million to $345 million of Circle's stock, about 1.7% of its market value, Crypto Briefing reported. Token holders are not shareholders of record, so each token's tie to the $80-to-$82 share depends on the firm that wrapped it.

Reality

Evidence42
Adoption40
Hype gap+15
Incentives
Not scored
Confidence40
investOne report1 publisher

Most new tokenized-commodity wallets land on chains holding 5% of the sector's value

Wallets holding tokenized commodities rose to 452,931 from about 126,000 a year ago, according to rwa.xyz data. Most of the new arrivals are opening small accounts on cheaper chains, while about 95% of the sector's $5.16 billion stays on Ethereum.

Reality

Evidence55
Adoption40
Hype gap+20
Incentives
Not scored
Confidence50
investConfirmed9 publishers

NEA leads $90 million bet on Spiko's $2.6 billion of tokenized cash funds

Spiko, a Paris issuer of tokenized money market funds, raised a $90 million Series B led by NEA after reaching about $2.6 billion in assets. The figures put Spiko at the front of Europe's tokenized fund issuers and show little so far about whether it can win cash away from incumbents such as BlackRock.

Perspective Coverage

9 publishers
Builder
Builder 20%
Operator
Operator 33%
Investor
Investor 47%

Reality

Evidence62
Adoption60
Hype gap+25
Incentives70
Confidence66
investOne report1 publisher

Securitize's SECZ has taken in more since July than BNB Chain's lead in tokenized stocks

Tokenized stocks hit a record $3.8 billion, beating the top of a $3.5 billion to $3.7 billion forecast, with BNB Chain holding the largest share. Its lead over Ethereum in earlier snapshots was $170 million to $350 million, close enough for one issuer's flows to reverse.

Reality

Evidence45
Adoption30
Hype gap+20
Incentives50
Confidence40
investConfirmed4 publishers

Ondo packages three BlackRock-designed portfolios as single tokens for non-US investors

Ondo Finance launched three tokens that each hold a rebalanced basket of its tokenized stocks and ETFs, using strategies BlackRock designed. Using the tokens as DeFi collateral is so far only a possibility Ondo has named.

Perspective Coverage

4 publishers
Builder
Builder 28%
Operator
Operator 27%
Investor
Investor 45%

Reality

Evidence62
Adoption15
Hype gap+35
Incentives60
Confidence58
investConfirmed3 publishers

Standard Chartered sets 66x ARB target for 2030, betting on tokenization growth

Geoff Kendrick's note puts ARB at $10 by 2030 from about $0.15, and the Expansion Program revenue behind that call splits 8% to the Arbitrum DAO treasury and 2% to a developer guild. A holder's claim on it runs through what the DAO spends.

Perspective Coverage

3 publishers
Builder
Builder 12%
Operator
Operator 18%
Investor
Investor 70%

Reality

Evidence55
Adoption40
Hype gap+55
Incentives
Not scored
Confidence60
investOne report1 publisher

Two chains hold 72% of the 4.3 million wallets now carrying tokenized stocks

BNB Chain and Robinhood Chain took 88.2% of tracked tokenized-stock volume in September to date, up from 2.3% in June. The surge coincided with a zero-maker-fee campaign on Binance and Robinhood's Stock Tokens launch, so the test comes when maker fees return.

Reality

Evidence55
Adoption45
Hype gap+30
Incentives65
Confidence50
investOne report1 publisher

SEC hands onchain equities to whoever can pass dividends and votes through

The SEC's Sept. 17 order lets venues trade tokenized stocks in permissioned AMM pools without registering as exchanges, if the token passes the underlying's dividends and votes to the holder. Robinhood's 200 tokens are Jersey debt paper.

Reality

Evidence62
Adoption34
Hype gap+18
Incentives70
Confidence55
investOne report1 publisher

A 1.00% month puts tokenized RWAs about $4.8 billion behind their 2026 average pace

Castle Labs says liquidity, collateral use and interoperability decide what comes next for tokenized real-world assets. The 77.6% wrapper share quoted alongside that argument counts instruments, and the dollars sit in Treasuries.

Reality

Evidence45
Adoption52
Hype gap+30
Incentives70
Confidence50
investOne report1 publisher

Six of Token Terminal's 47 tokenized asset types hold 97.6% of the $346bn

Token Terminal's September 12 snapshot counts 47 tokenized asset classes worth $346.1bn, with USD stablecoins supplying $298.5bn of that and the two main trackers disagreeing about the rest by roughly $9bn.

Reality

Evidence35
Adoption50
Hype gap+30
Incentives60
Confidence60
investOne report1 publisher

US Treasury bills hold about a third of the $46.2bn tokenized asset market

RWA.xyz's count puts US T-bills at $15bn of a $46.2bn total and five assets at about 70% of it. Other trackers stop at $38bn, so the Treasury share of onchain finance moves seven points on the choice of tracker.

Reality

Evidence30
Adoption62
Hype gap+22
Incentives55
Confidence32
investOne report1 publisher

Bitmine concentrates 94% of its assets in the token Lee says will beat bitcoin

Bitmine's 5,929,198 ETH is worth about $14.79bn at $2,495 a token, against $15.7bn of total assets, and the $330m of staking revenue the company projects is the smaller half of that arithmetic.

Reality

Evidence42
Adoption38
Hype gap+48
Incentives90
Confidence55
investOne report1 publisher

ARK asks the SEC to let its venture fund settle shares same-day on a blockchain

The relief arrives by default if nobody requests a hearing, which leaves the fee as the open question: strip out distribution charges and all three existing classes cost the same 2.75%, and the tokenized one is blank.

Reality

Evidence58
Adoption20
Hype gap+32
Incentives62
Confidence60

Earlier coverage

  1. Robinhood's stock token bundles AMC's share price with Robinhood's own credit risk

    Invest · September 4, 2026 · Confirmed3 publishers

  2. London Stock Exchange hands its 100 biggest listings to Kraken's parent to tokenize

    Invest · September 1, 2026 · Confirmed2 publishers

  3. Bitwise wraps Coinbase's tokenized stocks in model portfolios, at 15bp and non-US wallets only

    Invest · August 26, 2026 · Confirmed2 publishers

  4. Tokenized stocks hit $9B in onchain volume, and the cause is distribution

    Invest · August 19, 2026 · Confirmed2 publishers