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
103 RWA protocols
Total RWA on-chain
$3.62B
value locked across protocols
Protocols tracked
103
RWA category
Largest protocol
Re
$488.2M TVL
Leader dominance
13.5%
of tracked RWA TVL
Tokenized real-world assets
Top 30 protocols by on-chain TVL| # | Protocol | TVL | 1d | 7d | Primary chain | Chains |
|---|---|---|---|---|---|---|
| 1 | Re | $488.2M | +0.02% | +1.85% | Multi-Chain | 4 |
| 2 | Ethena USDtb | $416.6M | −0.02% | −13.97% | Ethereum | 1 |
| 3 | Huma | $345.4M | +0.16% | −2.88% | Multi-Chain | 4 |
| 4 | OnRe | $309.4M | +0.02% | +0.63% | Solana | 1 |
| 5 | OpenTrade | $243.9M | −0.49% | −0.79% | Multi-Chain | 3 |
| 6 | Plume Vaults | $219.8M | +0.77% | −1.97% | Multi-Chain | 5 |
| 7 | R25 | $197.9M | +0.05% | +0.64% | Multi-Chain | 2 |
| 8 | USD AI | $157.9M | +0.02% | −5.63% | Arbitrum | 1 |
| 9 | RealT Tokens | $155.1M | +0.00% | +0.01% | xDai | 1 |
| 10 | Theo Network thUSD | $138.6M | +0.00% | +4.84% | Ethereum | 1 |
| 11 | Valos | $106.3M | +0.02% | +0.15% | Monad | 1 |
| 12 | Lofty | $101.1M | +0.00% | +0.03% | Algorand | 1 |
| 13 | Frax USD | $94.9M | −0.30% | −2.54% | Ethereum | 1 |
| 14 | Ember | $94.7M | −0.64% | −1.42% | Multi-Chain | 6 |
| 15 | Usual USD0 | $80.3M | −0.87% | −3.01% | Ethereum | 1 |
| 16 | Sky RWA | $60.1M | −0.01% | −5.55% | Ethereum | 1 |
| 17 | stUSDT | $47.6M | +0.01% | −15.29% | Multi-Chain | 2 |
| 18 | Brickken | $42.6M | −0.01% | +0.33% | Multi-Chain | 5 |
| 19 | Tangible RWA | $41.8M | −0.57% | −0.54% | Multi-Chain | 6 |
| 20 | KAIO | $34.7M | −0.00% | +0.01% | Multi-Chain | 14 |
| 21 | Anemoy Capital | $28.2M | −45.95% | −72.38% | Multi-Chain | 3 |
| 22 | GoldFinger | $23.5M | −0.01% | +0.02% | Binance | 1 |
| 23 | T RIZE | $23.0M | +0.00% | +0.00% | Base | 1 |
| 24 | Sygnum FIUSD Liquidity Fund | $14.2M | +0.01% | −7.49% | zkSync Era | 1 |
| 25 | Paimon | $14.1M | +0.00% | +0.13% | Binance | 1 |
| 26 | Estate Protocol | $13.9M | — | — | Arbitrum | 1 |
| 27 | Clearpool TPOOL | $13.7M | −1.16% | −23.31% | Multi-Chain | 2 |
| 28 | Uranium.io | $10.5M | −0.58% | +36.58% | Etherlink | 1 |
| 29 | Binaryx Platform | $9.0M | +0.02% | +0.04% | Polygon | 1 |
| 30 | Solv RWA | $8.4M | −1.97% | −5.22% | Multi-Chain | 2 |