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
$26.03B
value locked across protocols
Protocols tracked
125
RWA category
Largest protocol
BlackRock BUIDL
$3.69B TVL
Leader dominance
14.2%
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 | $3.69B | +15.69% | +21.03% | Multi-Chain | 8 |
| 2 | Circle USYC | $3.07B | +0.01% | −1.09% | Multi-Chain | 4 |
| 3 | Tether Gold | $2.93B | +0.39% | −1.25% | Multi-Chain | 8 |
| 4 | Ondo Yield Assets | $2.56B | −0.10% | +0.12% | Multi-Chain | 12 |
| 5 | Paxos Gold | $1.84B | +0.40% | −2.01% | Ethereum | 1 |
| 6 | Centrifuge Protocol | $1.64B | +0.03% | +0.11% | Multi-Chain | 10 |
| 7 | Spiko | $1.19B | −0.07% | +2.19% | Multi-Chain | 7 |
| 8 | Blockchain Capital | $971.6M | +0.00% | −0.32% | zkSync Era | 1 |
| 9 | Ondo Global Markets | $960.0M | −0.60% | −2.21% | Multi-Chain | 3 |
| 10 | Anemoy Capital | $871.0M | +0.02% | +0.04% | Multi-Chain | 3 |
| 11 | WisdomTree | $775.6M | +0.00% | +6.89% | Multi-Chain | 2 |
| 12 | Ethena USDtb | $727.4M | +0.03% | +0.09% | Ethereum | 1 |
| 13 | Invesco USTB | $684.2M | −5.26% | −9.22% | Multi-Chain | 3 |
| 14 | Hastra | $386.1M | −0.08% | −3.83% | Multi-Chain | 2 |
| 15 | xStocks | $334.0M | −0.91% | +5.99% | Multi-Chain | 2 |
| 16 | Re | $248.9M | +0.43% | +1.10% | Multi-Chain | 4 |
| 17 | OpenTrade | $233.0M | +1.59% | +3.90% | Multi-Chain | 3 |
| 18 | OnRe | $221.3M | +0.85% | +3.79% | Solana | 1 |
| 19 | OpenEden TBILL | $212.8M | +0.07% | +0.24% | Multi-Chain | 5 |
| 20 | VanEck Treasury Fund | $191.7M | +0.01% | +238.36% | Multi-Chain | 4 |
| 21 | DigiFT | $179.3M | −0.00% | +0.41% | Multi-Chain | 4 |
| 22 | RealT Tokens | $156.8M | −0.01% | −0.02% | xDai | 1 |
| 23 | Mantle Index Four Fund | $116.5M | +1.39% | +3.09% | Mantle | 1 |
| 24 | Midas RWA | $115.8M | −3.30% | +0.02% | Multi-Chain | 31 |
| 25 | Apollo Diversified Credit Securitize Fund | $115.1M | +0.01% | +0.11% | Multi-Chain | 7 |
| 26 | Frax USD | $110.6M | +0.67% | −2.66% | Ethereum | 1 |
| 27 | RAAC | $108.9M | +0.31% | −1.23% | Ethereum | 1 |
| 28 | Securitize Tokenized AAA CLO Fund | $102.5M | +0.03% | +0.09% | Ethereum | 1 |
| 29 | Nest Credit | $102.3M | +3.03% | +35.53% | Multi-Chain | 3 |
| 30 | Lofty | $100.1M | −0.01% | +0.00% | Algorand | 1 |