Markets
Tokenized Treasuries & RWA Rankings
On-chain tokenized real-world assets — U.S. treasuries, money-market funds, private credit and commodities — ranked by total value locked.
Source DefiLlama
Updated every 30 min
138 RWA protocols
Total RWA on-chain
$27.79B
value locked across protocols
Protocols tracked
138
RWA category
Largest protocol
BlackRock BUIDL
$3.56B TVL
Leader dominance
12.8%
of tracked RWA TVL
Tokenized real-world assets
Top 30 protocols by on-chain TVL| # | Protocol | TVL | 1d | 7d | Primary chain | Chains |
|---|---|---|---|---|---|---|
| 1 | BlackRock BUIDL | $3.56B | −0.68% | −0.63% | Multi-Chain | 8 |
| 2 | Tether Gold | $3.07B | −1.57% | −2.97% | Ethereum | 1 |
| 3 | Spiko | $2.62B | +0.12% | +4.67% | Multi-Chain | 7 |
| 4 | Circle USYC | $2.60B | +0.01% | −3.15% | Multi-Chain | 4 |
| 5 | Ondo Yield Assets | $2.56B | +0.55% | +1.17% | Multi-Chain | 12 |
| 6 | Paxos Gold | $1.86B | −1.69% | −3.07% | Ethereum | 1 |
| 7 | Centrifuge Protocol | $1.53B | +0.01% | −3.87% | Multi-Chain | 10 |
| 8 | WisdomTree | $1.23B | +0.00% | −0.02% | Multi-Chain | 2 |
| 9 | Blockchain Capital | $962.2M | −0.01% | +0.24% | zkSync Era | 1 |
| 10 | Ondo Global Markets | $932.8M | −1.45% | −3.62% | Multi-Chain | 3 |
| 11 | Anemoy Capital | $750.1M | +0.02% | −8.58% | Multi-Chain | 3 |
| 12 | Invesco USTB | $612.5M | −0.77% | −3.26% | Multi-Chain | 3 |
| 13 | Hastra | $604.5M | −0.31% | +0.52% | Multi-Chain | 2 |
| 14 | Ethena USDtb | $483.3M | +0.02% | +0.12% | Ethereum | 1 |
| 15 | Re | $351.8M | +0.70% | +4.88% | Multi-Chain | 4 |
| 16 | OnRe | $309.5M | +0.75% | +4.31% | Solana | 1 |
| 17 | Huma Finance V2 | $291.4M | +2.26% | +11.40% | Multi-Chain | 3 |
| 18 | USD AI | $290.6M | +0.57% | +2.96% | Arbitrum | 1 |
| 19 | OpenTrade | $262.4M | +0.22% | +3.14% | Multi-Chain | 3 |
| 20 | OpenEden TBILL | $245.9M | −0.38% | −0.43% | Multi-Chain | 5 |
| 21 | DigiFT | $171.5M | +2.65% | +2.65% | Multi-Chain | 4 |
| 22 | Plume Vaults | $157.5M | +1.43% | +11.75% | Multi-Chain | 5 |
| 23 | RealT Tokens | $155.1M | +0.01% | −0.00% | xDai | 1 |
| 24 | Midas RWA | $154.5M | +0.00% | +9.97% | Multi-Chain | 31 |
| 25 | Mantle Index Four Fund | $151.0M | −1.61% | +1.61% | Mantle | 1 |
| 26 | Theo Network thUSD | $135.8M | — | — | Ethereum | 1 |
| 27 | R25 | $132.7M | +0.05% | +0.29% | Pharos | 1 |
| 28 | RAAC | $114.9M | −1.78% | −3.20% | Ethereum | 1 |
| 29 | Frax USD | $106.4M | −1.10% | −3.63% | Ethereum | 1 |
| 30 | Valos | $105.2M | +0.01% | −1.82% | Monad | 1 |