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
129 RWA protocols
Total RWA on-chain
$27.64B
value locked across protocols
Protocols tracked
129
RWA category
Largest protocol
BlackRock BUIDL
$3.53B 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 | $3.53B | −0.41% | −0.53% | Multi-Chain | 8 |
| 2 | Tether Gold | $3.26B | +2.40% | +4.90% | Multi-Chain | 8 |
| 3 | Circle USYC | $2.92B | −0.01% | −2.42% | Multi-Chain | 4 |
| 4 | Ondo Yield Assets | $2.52B | +0.20% | +0.17% | Multi-Chain | 12 |
| 5 | Spiko | $2.51B | +0.64% | +4.22% | Multi-Chain | 7 |
| 6 | Paxos Gold | $2.00B | +2.52% | +4.73% | Ethereum | 1 |
| 7 | Centrifuge Protocol | $1.64B | +0.05% | +0.09% | Multi-Chain | 10 |
| 8 | Ondo Global Markets | $984.2M | +1.91% | +1.73% | Multi-Chain | 3 |
| 9 | Blockchain Capital | $956.8M | +0.00% | −0.27% | zkSync Era | 1 |
| 10 | Anemoy Capital | $873.0M | +0.01% | +0.13% | Multi-Chain | 3 |
| 11 | WisdomTree | $779.7M | +0.00% | +0.51% | Multi-Chain | 2 |
| 12 | Invesco USTB | $639.1M | −6.68% | −17.68% | Multi-Chain | 3 |
| 13 | Hastra | $586.0M | −0.10% | +9.10% | Multi-Chain | 2 |
| 14 | xStocks | $420.1M | +4.46% | +9.70% | Multi-Chain | 2 |
| 15 | Ethena USDtb | $357.7M | +0.09% | +0.02% | Ethereum | 1 |
| 16 | Re | $300.4M | +2.93% | +6.02% | Multi-Chain | 4 |
| 17 | OnRe | $272.8M | +0.18% | +4.82% | Solana | 1 |
| 18 | OpenTrade | $263.4M | +0.73% | −0.02% | Multi-Chain | 3 |
| 19 | OpenEden TBILL | $253.3M | +0.03% | +0.07% | Multi-Chain | 5 |
| 20 | VanEck Treasury Fund | $193.4M | +0.01% | +0.08% | Multi-Chain | 4 |
| 21 | DigiFT | $167.5M | −0.60% | +6.19% | Multi-Chain | 4 |
| 22 | RealT Tokens | $155.1M | +0.01% | +0.11% | xDai | 1 |
| 23 | Midas RWA | $137.9M | −0.74% | +10.35% | Multi-Chain | 31 |
| 24 | R25 | $131.5M | +0.04% | +0.25% | Pharos | 1 |
| 25 | RAAC | $121.1M | +1.81% | +4.37% | Ethereum | 1 |
| 26 | Mantle Index Four Fund | $120.0M | +0.01% | +1.16% | Mantle | 1 |
| 27 | Frax USD | $113.4M | −0.00% | +1.80% | Ethereum | 1 |
| 28 | Valos | $110.3M | +0.06% | +0.21% | Monad | 1 |
| 29 | Nest Credit | $109.7M | −0.75% | −6.52% | Multi-Chain | 3 |
| 30 | Securitize Tokenized AAA CLO Fund | $102.9M | −0.10% | −0.12% | Ethereum | 1 |