Stellar tokenized RWA market more than quadruples to nearly $4B

The value of tokenized real-world assets (RWA) on Stellar has climbed roughly 360% in 2026 to nearly $4 billion, up from $868.8 million at the end of last year, according to a Dune Analytics dashboard maintained by Stellar.

The network’s RWA market cap stood at $3.996 billion as of Aug. 29, spread across US Treasurys, private and public credit, non-US government debt and other tokenized asset classes.

The market is concentrated among a handful of issuers. Spiko accounted for $1.55 billion of Stellar’s RWA value as of Aug. 27, followed by Realiz at $559 million, Tradable at $548 million, Franklin Templeton at $546 million and Ondo at $535 million.

Stellar’s RWA market cap has surged in 2026. Source: Dune Analytics/Stellar

Stellar has gained ground in non-US government debt. Citing RWA.xyz data, the Stellar Development Foundation said the network held about $490 million in the asset class as of Aug. 20, including tokenized Mexican CETES and Brazilian government bonds issued through Etherfuse.

Source: StellarOrg

Despite the growth in RWAs, the blockchain’s native XLM token is down about 11% year to date, trading near $0.18, according to CoinGecko data. 

Related: Coinbase tokenized stocks go live on Base with Chainlink price feeds