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
127 RWA protocols
Total RWA on-chain
$27.30B
value locked across protocols
Protocols tracked
127
RWA category
Largest protocol
BlackRock BUIDL
$3.52B TVL
Leader dominance
12.9%
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 | $3.52B | +0.03% | +0.64% | Multi-Chain | 8 |
| 2 | Tether Gold | $3.10B | +0.37% | +7.40% | Multi-Chain | 8 |
| 3 | Circle USYC | $3.01B | +0.03% | −0.04% | Multi-Chain | 4 |
| 4 | Ondo Yield Assets | $2.52B | −0.03% | −0.46% | Multi-Chain | 12 |
| 5 | Spiko | $2.38B | +1.57% | +6.68% | Multi-Chain | 7 |
| 6 | Paxos Gold | $1.90B | +0.41% | +6.25% | Ethereum | 1 |
| 7 | Centrifuge Protocol | $1.63B | −0.59% | +0.00% | Multi-Chain | 10 |
| 8 | Blockchain Capital | $959.5M | −0.01% | −0.07% | zkSync Era | 1 |
| 9 | Ondo Global Markets | $958.1M | −0.89% | +3.37% | Multi-Chain | 3 |
| 10 | Anemoy Capital | $871.6M | +0.04% | +0.06% | Multi-Chain | 3 |
| 11 | Invesco USTB | $784.9M | −2.48% | +2.87% | Multi-Chain | 3 |
| 12 | WisdomTree | $775.7M | −0.00% | −0.00% | Multi-Chain | 2 |
| 13 | Hastra | $537.0M | +1.43% | +7.15% | Multi-Chain | 2 |
| 14 | xStocks | $369.7M | −1.20% | +1.73% | Multi-Chain | 2 |
| 15 | Ethena USDtb | $352.3M | −0.05% | −0.19% | Ethereum | 1 |
| 16 | Re | $270.2M | +2.37% | +3.81% | Multi-Chain | 4 |
| 17 | OpenTrade | $262.6M | +0.41% | +0.84% | Multi-Chain | 3 |
| 18 | OpenEden TBILL | $255.3M | −0.02% | −0.05% | Multi-Chain | 5 |
| 19 | OnRe | $255.3M | +1.09% | +2.13% | Solana | 1 |
| 20 | VanEck Treasury Fund | $193.0M | +0.03% | −0.01% | Multi-Chain | 4 |
| 21 | DigiFT | $159.1M | −0.83% | −1.01% | Multi-Chain | 4 |
| 22 | RealT Tokens | $155.2M | −0.16% | −1.02% | xDai | 1 |
| 23 | Midas RWA | $133.6M | −4.49% | +15.70% | Multi-Chain | 31 |
| 24 | R25 | $131.1M | +0.04% | +0.26% | Pharos | 1 |
| 25 | Mantle Index Four Fund | $120.8M | +1.96% | +4.06% | Mantle | 1 |
| 26 | Nest Credit | $116.0M | +0.61% | +1.53% | Multi-Chain | 3 |
| 27 | RAAC | $115.5M | +0.53% | +7.86% | Ethereum | 1 |
| 28 | Apollo Diversified Credit Securitize Fund | $115.4M | −0.03% | +0.17% | Multi-Chain | 7 |
| 29 | Frax USD | $112.9M | +0.36% | +2.65% | Ethereum | 1 |
| 30 | Valos | $110.0M | −0.00% | +0.08% | Monad | 1 |