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
115 RWA protocols
Total RWA on-chain
$4.60B
value locked across protocols
Protocols tracked
115
RWA category
Largest protocol
Invesco USTB
$575.8M TVL
Leader dominance
12.5%
of tracked RWA TVL
Tokenized real-world assets
Top 30 protocols by on-chain TVL| # | Protocol | TVL | 1d | 7d | Primary chain | Chains |
|---|---|---|---|---|---|---|
| 1 | Invesco USTB | $575.8M | −0.33% | +4.60% | Multi-Chain | 3 |
| 2 | Ethena USDtb | $497.9M | +1.07% | +4.63% | Ethereum | 1 |
| 3 | Re | $392.8M | +0.22% | +2.78% | Multi-Chain | 4 |
| 4 | Huma | $362.6M | −4.16% | −4.50% | Multi-Chain | 4 |
| 5 | Anemoy Capital | $333.2M | +0.02% | −0.24% | Multi-Chain | 3 |
| 6 | OnRe | $290.9M | −0.36% | −3.40% | Solana | 1 |
| 7 | OpenTrade | $266.9M | −0.24% | +0.27% | Multi-Chain | 3 |
| 8 | USD AI | $249.2M | +1.87% | +20.34% | Arbitrum | 1 |
| 9 | Plume Vaults | $223.4M | +0.69% | +7.30% | Multi-Chain | 5 |
| 10 | RealT Tokens | $155.1M | −0.00% | −0.00% | xDai | 1 |
| 11 | R25 | $134.0M | +0.03% | +0.48% | Pharos | 1 |
| 12 | Theo Network thUSD | $132.3M | +0.02% | −1.16% | Ethereum | 1 |
| 13 | Valos | $105.6M | +0.02% | +0.10% | Monad | 1 |
| 14 | Frax USD | $102.2M | −1.14% | −3.29% | Ethereum | 1 |
| 15 | Lofty | $101.2M | −0.00% | +0.11% | Algorand | 1 |
| 16 | Usual USD0 | $87.8M | −0.02% | −0.13% | Ethereum | 1 |
| 17 | Sky RWA | $76.0M | +3.53% | +5.42% | Ethereum | 1 |
| 18 | stUSDT | $57.1M | −6.56% | −6.57% | Multi-Chain | 2 |
| 19 | Brickken | $42.4M | −0.01% | −0.05% | Multi-Chain | 5 |
| 20 | Tangible RWA | $41.5M | −0.16% | −0.05% | Multi-Chain | 6 |
| 21 | KAIO | $39.6M | −0.00% | −0.01% | Multi-Chain | 14 |
| 22 | GoldFinger | $23.5M | −0.00% | −0.03% | Binance | 1 |
| 23 | T RIZE | $23.0M | +0.00% | +0.00% | Base | 1 |
| 24 | Clearpool TPOOL | $20.9M | −0.01% | −0.04% | Multi-Chain | 2 |
| 25 | Vesta Equity | $20.6M | — | — | Algorand | 1 |
| 26 | GAIB | $18.8M | −0.51% | −0.51% | Multi-Chain | 4 |
| 27 | Sygnum FIUSD Liquidity Fund | $18.3M | −5.38% | −5.32% | zkSync Era | 1 |
| 28 | Stobox | $14.0M | +0.00% | +0.00% | Multi-Chain | 3 |
| 29 | Estate Protocol | $13.9M | +0.00% | −0.01% | Arbitrum | 1 |
| 30 | Paimon | $13.8M | +2.99% | +3.10% | Binance | 1 |