Stellar reaches $3.3 billion in tokenized real-world assets

The market for on-chain tokenized real-world assets (RWAs) has surpassed $46.2 billion. This sector now includes traditional financial instruments such as treasuries, credit funds, equities, and cash equivalents settling on public blockchains.

Stellar has emerged as the third-largest blockchain by RWA market capitalization, holding $3.3 billion in tokenized assets. The network has recently implemented a payment rail designed to allow users to spend tokenized balances at retail checkouts.

The Stellar RWA market is largely driven by two primary assets: the Spiko-issued Amundi overnight swap fund (eurSAFO), which is denominated in euros and valued at approximately $1.1 billion, and Ondo Finance’s USDY yield-bearing dollar token, valued at roughly $535 million.