Total RWA Active Mcap$27.261b
Total RWA Onchain Mcap$29.427b
DeFi Active TVL$3.229b
Total Asset Issuers182
Assets Rankings
| Name | Asset Group | Platform | Category | Asset Class | Access Model | Type | RWA Classification | Issuer | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| US Yield CoinUSYC | $1.13 | Bonds | $3.108b | $3.108b | $33.16m | 1.06% | Circle | Bond & MMF Funds | MMF | Permissioned | Asset | RWA | Hashnote International Short Duration Yield Fund Ltd | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| BlackRock BUIDLBUIDL | $1 | Bonds | $3.054b | $3.054b | $18.68m | 0.61% | Securitize | Bond & MMF Funds | MMF | Permissioned | Asset | RWA | BlackRock USD Institutional Digital Liquidity Fund Ltd. | Yes | Yes | Yes | Yes | Yes | Yes | |
| Tether GoldXAUT | $4,110 | Precious Metals | $2.909b | $2.909b | $228.66m | 7.86% | Tether | Gold & Commodities | Gold | Permissionless | Asset | RWA | TG Commodities Limited | Yes | Yes | Yes | Yes | Yes | Yes | |
| PAX GoldPAXG | $4,115 | Precious Metals | $1.778b | $1.847b | $16.08m | 0.90% | Paxos | Gold & Commodities | Gold | Permissionless | Asset | RWA | Paxos Trust Company, LLC | Yes | Yes | Yes | Yes | Yes | Yes | |
| Syrup USDCsyrupUSDC | $1.17 | Private Credit | $1.514b | $1.514b | $465.8m | 30.76% | Maple | Private Credit | Credit Pool | Permissionless | Asset | RWA | Maple Protocol Pool Operations | Yes | No | Yes | Yes | |||
| Ondo US Dollar YieldUSDY | $1.14 | Bonds | $1.392b | $2.15b | $20.94m | 1.50% | Ondo | Bond & MMF Funds | MMF, Yield RWA Stable | Permissioned | Asset | RWA | Ondo USDY LLC | Yes | Yes | Yes | Yes | Yes | Yes | |
| Blockchain Capital III Digital Liquid Venture FundBCAP | $106.63 | Private Equity & Venture | $971.62m | $971.62m | $0 | 0% | Securitize | Stocks & Equities | PE / Venture | Permissioned | Asset | Programmable Finance | Blockchain Capital III Digital Liquid Venture Fund | No | Yes | Yes | Yes | Yes | ||
| Janus Henderson Anemoy Treasury FundJTRSY | $1.11 | Bonds | $868.15m | $876.45m | $0 | 0% | Centrifuge | Bond & MMF Funds | T-Bills | Permissioned | Asset | RWA | Anemoy Capital SPC Limited | Yes | Yes | Yes | Yes | Yes | Yes | |
| Syrup USDTsyrupUSDT | $1.13 | Private Credit | $794.69m | $794.69m | $700.76m | 88.17% | Maple | Private Credit | Credit Pool | Permissionless | Asset | RWA | Maple Protocol Pool Operations | Yes | No | Yes | Yes | |||
| Spiko Amundi Overnight Swap Fund (EUR)eurSAFO | $1.15 | Bonds | $760.7m | $760.7m | $0 | 0% | Spiko | Bond & MMF Funds | MMF | Permissioned | Asset | RWA | Spiko (SPIKO SICAV sub-fund) | Yes | Yes | Yes | Yes | Yes | Yes | |
| Franklin OnChain U.S. Government Money Fund (BENJI)BENJI | $1 | Bonds | $741.27m | $741.27m | $0 | 0% | Franklin Templeton | Bond & MMF Funds | MMF | Permissioned | Asset | RWA | Franklin Templeton Trust – Franklin OnChain U.S. Government Money Fund | Yes | Yes | Yes | Yes | Yes | Yes | |
| BlackRock USD Institutional Digital Liquidity Fund - I ClassBUIDL-I | $1 | Bonds | $714.64m | $831.64m | $0 | 0% | Securitize | Bond & MMF Funds | MMF | Permissioned | Asset | RWA | BlackRock USD Institutional Digital Liquidity Fund Ltd. | Yes | Yes | Yes | Yes | Yes | Yes | |
| Superstate USTBUSTB | $11.14 | Bonds | $623.63m | $726.33m | $145.09m | 23.26% | Superstate | Bond & MMF Funds | T-Bills | Permissioned | Asset | RWA | Superstate Trust – Superstate USTB Money Market Fund | Yes | Yes | Yes | Yes | Yes | Yes | |
| Spiko EU T-Bills Money Market FundEUTBL | $1.21 | Bonds | $610.55m | $610.55m | $3.56m | 0.58% | Spiko | Bond & MMF Funds | MMF | Permissioned | Asset | RWA | Spiko | Yes | Yes | Yes | Yes | Yes | Yes | |
| WisdomTree Treasury Money Market Digital FundWTGXX | $1 | Bonds | $604.43m | $714.46m | $67.42m | 11.15% | WisdomTree | Bond & MMF Funds | MMF | Permissioned | Asset | RWA | WisdomTree Digital Trust | Yes | Yes | Yes | Yes | Yes | Yes | |
| ChinaAMC USD Digital Money Market Fund Class I USDCUMIU | $103.65 | Bonds | $549.5m | $549.5m | $0 | 0% | Libeara | Bond & MMF Funds | MMF | Permissioned | Asset | RWA | ChinaAMC | Yes | Yes | Yes | Yes | Yes | Yes | |
| Janus Henderson Anemoy AAA CLO FundJAAA | $1.04 | Bonds | $415.26m | $884.66m | $411.99m | 99.21% | Centrifuge | Bond & MMF Funds, Private Credit | Corp Bond Fund | Permissioned | Asset | RWA | Anemoy Capital SPC Limited | Yes | Yes | Yes | Yes | Yes | Yes | |
| Hastra PRIMEPRIME | $1.05 | Private Credit | $384.53m | $384.53m | $280.62m | 72.97% | Hastra | Private Credit | Other Credit | Permissionless | Asset | RWA | Hastra | Yes | Yes | Yes | Yes | |||
| OnRe Tokenized ReinsuranceONyc | $1.12 | Reinsurance | $215.23m | $217.7m | $148.26m | 68.88% | OnRe | Private Credit | Reinsurance Pool | Permissionless | Asset | RWA | On Re SAC Ltd | Yes | Yes | Yes | Yes | Yes | ||
| VanEck Treasury FundVBILL | $1 | Bonds | $191.7m | $191.7m | $7.1m | 3.70% | Securitize | Bond & MMF Funds | MMF | Permissioned | Asset | RWA | VanEck Treasury Fund, Ltd. | Yes | Yes | Yes | Yes | Yes | Yes | |
| Ondo OUSGOUSG | $115.83 | Bonds | $176.57m | $180.66m | $38.96m | 22.06% | Ondo | Bond & MMF Funds | T-Bills | Permissioned | Asset | RWA | Ondo I LP | Yes | Yes | Yes | Yes | Yes | Yes | |
| Securitize Corp. Tokenized SharesSECZ | $7.41 | Public Equities | $168.38m | $168.38m | $0 | 0% | Securitize | Stocks & Equities | Blockchain-Native Equity | Permissioned | Asset | RWA | Securitize Holdings, Inc. | Yes | Yes | Yes | Yes | Yes | Yes | |
| Spiko US T-Bills Money Market FundUSTBL | $1.09 | Bonds | $168.27m | $168.27m | $6.31m | 3.74% | Spiko | Bond & MMF Funds | T-Bills | Permissioned | Asset | RWA | Spiko (Spiko SICAV sub-fund) | Yes | Yes | Yes | Yes | Yes | Yes | |