Stellar’s real-world asset market has expanded rapidly this year as institutional adoption and tokenization activity grow across the network.
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.
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