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
125 RWA protocols
Total RWA on-chain
$26.59B
value locked across protocols
Protocols tracked
125
RWA category
Largest protocol
BlackRock BUIDL
$3.47B TVL
Leader dominance
13.1%
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 | $3.47B | +0.02% | +1.45% | Multi-Chain | 8 |
| 2 | Circle USYC | $3.01B | +0.03% | +0.04% | Multi-Chain | 4 |
| 3 | Tether Gold | $2.88B | −0.73% | −0.29% | Multi-Chain | 8 |
| 4 | Ondo Yield Assets | $2.53B | −0.16% | −1.40% | Multi-Chain | 12 |
| 5 | Spiko | $2.23B | −0.96% | −0.30% | Multi-Chain | 7 |
| 6 | Paxos Gold | $1.78B | −1.24% | −1.03% | Ethereum | 1 |
| 7 | Centrifuge Protocol | $1.63B | −0.10% | +0.00% | Multi-Chain | 10 |
| 8 | Blockchain Capital | $957.3M | −0.00% | −1.07% | zkSync Era | 1 |
| 9 | Ondo Global Markets | $937.8M | +1.49% | −1.29% | Multi-Chain | 3 |
| 10 | Anemoy Capital | $870.7M | +0.03% | +0.07% | Multi-Chain | 3 |
| 11 | WisdomTree | $776.2M | +0.00% | −0.11% | Multi-Chain | 2 |
| 12 | Invesco USTB | $737.8M | +0.27% | +0.31% | Multi-Chain | 3 |
| 13 | Hastra | $502.5M | +3.10% | +12.65% | Multi-Chain | 2 |
| 14 | Ethena USDtb | $352.7M | −0.89% | −1.04% | Ethereum | 1 |
| 15 | xStocks | $350.8M | −0.13% | +2.84% | Multi-Chain | 2 |
| 16 | Re | $260.2M | +1.13% | +1.66% | Multi-Chain | 4 |
| 17 | OpenEden TBILL | $255.6M | −0.11% | −0.14% | Multi-Chain | 5 |
| 18 | OnRe | $247.4M | +0.04% | −0.61% | Solana | 1 |
| 19 | OpenTrade | $245.9M | +0.11% | −0.29% | Multi-Chain | 3 |
| 20 | VanEck Treasury Fund | $193.1M | +0.54% | +0.60% | Multi-Chain | 4 |
| 21 | DigiFT | $159.9M | −1.29% | −1.49% | Multi-Chain | 4 |
| 22 | RealT Tokens | $156.8M | +0.01% | −0.01% | xDai | 1 |
| 23 | R25 | $130.7M | +0.03% | +2.56% | Pharos | 1 |
| 24 | Nest Credit | $126.4M | −2.78% | −4.82% | Multi-Chain | 3 |
| 25 | Mantle Index Four Fund | $118.7M | −0.85% | −1.59% | Mantle | 1 |
| 26 | Midas RWA | $115.4M | −0.00% | −2.91% | Multi-Chain | 31 |
| 27 | Apollo Diversified Credit Securitize Fund | $115.2M | +0.01% | −0.13% | Multi-Chain | 7 |
| 28 | Frax USD | $110.8M | −0.09% | +0.85% | Ethereum | 1 |
| 29 | Valos | $109.8M | −1.53% | −1.43% | Monad | 1 |
| 30 | RAAC | $107.1M | −0.97% | −0.45% | Ethereum | 1 |