Tokenized capital, measured onchain
$323.17B of tokenized capital is onchain. $1.13B of it moved in the last 30 days.
Stablecoins and tokenized real-world assets on 38 chains, measured to one standard and rated daily.
Latest onchain read Oct 11, 2026 · 03:08 UTC
Updated daily
Capital measured
$323.17B
Outstanding supply, all asset classes
Moved · 30 days
$1.13B
Gross movement across chains, in and out
Instruments rated
84
Across 7 asset classes
Issuers rated
50
Sponsors of rated instruments
Asset classes rated
7
Each on its own rubric
Chains measured
38
Each carrying measured supply
NEWOCT 09TOKENIZED TREASURIES
Holders Redeemed 13.56% of Spiko's Euro T-Bill Fund in Two Weeks, and the Outflow Has Not Stopped
EUTBL's tokens outstanding fell 13.56% between the September 26 and October 8, 2026 closes, about US$100.27M at today's price, in the month the European Central Bank raised its deposit rate to 2.50%.
- OCT 07Zand’s Dirham Stablecoin Grew 4.88-Fold in 19 Days, to US$274.01 Million; on Ethereum, 98.96% Sits in Five Undivided Blocks
- OCT 05Hyperliquid Now Holds 58% More USDC Than Coinbase's Own Chain, and Most of Its Yield Goes to Hyperliquid.
- OCT 05USDe Grew 20.5% in September. Its Token Incentives Ended on September 30.
- OCT 02BlackRock’s BUIDL More Than Halved on Ethereum in September. On Solana, It Is Now 2.18 Times Larger.
OCB · Market composition
Supply by asset class · Real-world assets
Outstanding supply of tokenized real-world assets by class. Series from Sep 1, 2026, the first day measurement covered 95.0% of today's supply.
| Asset class | Supply▼ | Share | 30d change | Measured |
|---|---|---|---|---|
| Stablecoins | $295.40B | 91.41% | +$272.56M | 38 |
| Tokenized treasuries | $14.73B | 4.56% | -$1.44B | 30 |
| Commodities | $6.02B | 1.86% | +$241.52M | 14 |
| Tokenized equities | $3.20B | 0.99% | +$362.10M | 686 |
| Private credit | $2.47B | 0.76% | +$103.50M | 10 |
| Watchlist funds | $665.81M | 0.21% | +$38.97K | 7 |
| Equity ETFs | $470.24M | 0.15% | +$28.08M | 91 |
| Basis trade | $100.18M | 0.03% | +$27.56M | 1 |
| Bond ETFs | $63.73M | 0.02% | +$390.22K | 14 |
| Commodity ETFs | $55.74M | 0.02% | +$2.69M | 9 |
| Bank deposit tokens | $1.00M | 0.00% | $0.00 | 1 |
Indexes
6 published indexes
A daily level for each slice of the market, built from the same measured data.
As of Oct 11, 2026 (daily level)
OCB RWA Quality Index
Tokenized real-world assets
67.9
+2.5
OCB Stablecoin Quality Index
Stablecoins
70.0
+6.8
OCB Chain RWA Footprint Index
Tokenized real-world assets
30.6
-9.2
OCB Tokenized Gold Coverage Index
Tokenized real-world assets
76.3
+1.5
OCB US-Regulated Stablecoin Index
Stablecoins
86.2
+2.3
OCB European Regulated Stablecoin Index
Stablecoins
83.7
+11.0
Fund flows · 30 days
Net change in fund supply, by chain
Start and end of the 30-day window and the fund behind each move. Only funds measured at both ends count, so new coverage never reads as inflow.
As of Oct 11, 2026 · 03:08 UTC
Gross movement $1.13B
| Chain | End | 30d net▼ |
|---|---|---|
| Solana | $3.52B | +$88.39M |
| Avalanche | $849.91M | +$32.39M |
| BNB Chain | $5.43B | +$32.10M |
| Robinhood Chain | $63.84M | +$742.98K |
| Sei | $275.09M | +$638.40K |
| Optimism | $26.49M | +$72.72K |
| Hedera | $4.64M | +$12.57K |
| Ink | $11.07M | -$56.85K |
| Etherlink | $1.71M | -$64.66K |
| XDC | $3.24M | -$166.52K |
| Sui | $14.36M | -$530.95K |
| Plume | $3.98M | -$576.43K |
| Base | $84.41M | -$1.02M |
| Monad | $90.47M | -$1.05M |
| Polygon | $108.91M | -$1.52M |
| Flare | $16.78M | -$2.17M |
| Aptos | $171.64M | -$9.46M |
| XRP Ledger | $206.03M | -$10.29M |
| Noble | $71.86K | -$14.07M |
| Kinesis (KAG) | $222.52M | -$20.94M |
| Mantle | $367.62K | -$28.28M |
| Kinesis (KAU) | $537.55M | -$28.55M |
| Arbitrum | $459.82M | -$48.64M |
| Stellar | $1.39B | -$112.92M |
| Ethereum | $13.65B | -$696.16M |
Ratings
Ratings by asset class
Each asset class is rated on its own rubric, so grades are read within a class. Institutional-grade is 70 and above; Verified is 85 and above.
As of Oct 11, 2026 · 03:08 UTC
| Asset class | Rated▼ | 70+ | 85+ | Top in class |
|---|---|---|---|---|
| Stablecoins | 33 | 6 | 3 | USDC88.0 |
| Tokenized treasuries | 26 | 5 | 1 | BENJI89.0 |
| Bond ETFs | 10 | 0 | 0 | TLTon65.0 |
| Commodity ETFs | 7 | 1 | 0 | GLDx77.0 |
| Commodities | 6 | 2 | 1 | PAXG92.0 |
| Bank deposit tokens | 1 | 0 | 0 | JPMD62.0 |
| Basis trade | 1 | 0 | 0 | USCC50.0 |
Largest moves · 30 days
Instruments with the largest change in supply
Net change in outstanding supply over 30 days, all chains combined. Only instruments measured at both ends of the window are ranked.
As of Oct 11, 2026 · 03:08 UTC
| Instrument | End | 30d change |
|---|---|---|
| USDC | $72.84B | -$1.80B |
| USDT | $183.67B | +$665.97M |
| BUIDL | $2.20B | -$554.45M |
| USDf | $1.78B | +$482.07M |
| JTRSY | $326.43M | -$423.62M |
| XAUt | $3.12B | +$355.72M |
| USDS | $7.10B | +$306.41M |
| U | $1.52B | +$271.14M |
| USDe | $4.78B | +$249.38M |
| USYC | $2.38B | -$219.45M |
Data products
6 published data series
The measured data underneath the ratings and indexes, published daily.
RWA Tracked Capital
The full OCB-tracked tokenized RWA universe — outstanding supply by issuer, asset class, and chain.
Home-Chain Distribution
Where each multi-chain fund's supply actually lives — issuance chain versus off-home, per fund.
Agentic Share of Onchain Capital
The share of tokenized capital held or moved by autonomous agents — a normalized cross-asset adoption read.
Tokenized Private Credit
The distributed, onchain-reconcilable private-credit pools we measure end-to-end, and the issuer concentration behind the headline.
Ownership Concentration
The share of each tokenized asset's free float (circulating supply outside issuer, custody, exchange, bridge and protocol wallets) held by its ten largest wallets, for the assets measurable to ground truth.
Tokenized Precious Metals
How much tokenized gold, silver, platinum and palladium exists onchain and how good it is — every metal normalized to a single troy-ounce basis so supply can be compared and summed.