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XRP Stellar climbs in the RWA rankings
According to data from @RWAFoundation_,@StellarOrg currently holds approximately US$3.5 billion in tokenized real-world assets (RWAs), ranking third among all public blockchains. Only @Ethereum and @BNBChain are ahead of it. This data puts Stellar's RWA ecosystem significantly ahead of @Ripple's $XRPLedger ($2.5 billion),@Solana ($3 billion), and @Avax ($1.7 billion).
This ranking reflects a significant reversal. According to the Dune Analytics dashboard maintained by Stellar, the value of tokenized RWA on Stellar increased by approximately 360% to nearly $4 billion in 2026, compared to $868.8 million at the end of last year. This expansion far exceeds the broader market: Stellar Development Foundation's second quarter 2026 report showed that tokenized RWA reached $3.05 billion, doubling in just one quarter, while the broader RWA market grew by only about 50%.
The main driver of growth
Revenues are mainly concentrated among a few large institutional issuers. Spiko contributed $1.55 billion to Stellar's total RWA value, becoming the network's largest single publisher; followed by Realiz ($559 million), Tradable ($548 million), Franklin Templeton ($546 million) and Ondo ($535 million).
Tokenized assets on the platform include U.S. Treasury bonds, private and public credit, non-U.S. government debt and other asset classes. Stellar also has a unique leadership position in one segment. According to data platform RWA.xyz, as of August 20, 2026, Stellar held approximately US$490 million in tokenized non-U.S. government debt, more than any other public blockchain. The pool includes emerging market sovereign instruments such as Mexican government bonds and Brazilian debt.
Institutional momentum seems to show no sign of slowing down. DTCC plans to connect its tokenization services to Stellar, and expects assets held by DTC to be available in the first half of 2027. With this integration looming, Stellar's position in the RWA rankings is likely to strengthen further in the coming months.
