OnChain Benchmark RWA Tracked Capital
Total tracked tokenized real-world asset supply across every instrument OnChain Benchmark measures — sliced by asset class, chain, and issuer. A factual coverage perimeter read directly from onchain contract state, not market TVL.
OnChain Benchmark tracks $22.9B of tokenized RWA across 582 instruments on 28 chains. 78% is treasury and commodity, and the three largest issuers hold 38% of the total. This is a bounded measurement perimeter, not aggregate market size.
Where the tracked capital sits.
Tracked supply by asset class, largest first.
| Asset class | Tracked supply▼ | % of total | Instruments |
|---|---|---|---|
| Treasury | $12.4B | 54.0% | 24 |
| Commodity | $5.5B | 24.1% | 14 |
| Equities | $2.9B | 12.7% | 451 |
| Private Credit | $1.7B | 7.2% | 5 |
| Equity ETF | $398.3M | 1.7% | 70 |
| Bond ETF | $45.9M | 0.2% | 12 |
| Commodity ETF | $19.6M | 0.1% | 6 |
Which chains hold the supply.
Tracked supply is measured across 28 chains; Ethereum carries the most.
| Chain | Tracked supply▼ | % of total | Deployments |
|---|---|---|---|
| Ethereum | $10.5B | 45.6% | 104 |
| BNB Chain | $5.4B | 23.4% | 121 |
| Solana | $3.1B | 13.7% | 485 |
| Stellar | $1.5B | 6.4% | 6 |
| Avalanche | $646.8M | 2.8% | 6 |
| Kinesis (KAU) | $340.8M | 1.5% | 1 |
| $340.6M | 1.5% | 9 | |
| $260.0M | 1.1% | 1 | |
| $207.5M | 0.9% | 2 | |
| $180.3M | 0.8% | 1 | |
| $157.2M | 0.7% | 2 | |
| $109.0M | 0.5% | 6 | |
| $105.6M | 0.5% | 4 | |
| $54.1M | 0.2% | 11 | |
| $26.6M | 0.1% | 3 | |
| $26.5M | 0.1% | 1 | |
| $7.7M | <0.1% | 2 | |
| $6.1M | <0.1% | 3 | |
| $4.6M | <0.1% | 1 | |
| $4.6M | <0.1% | 1 | |
| $4.1M | <0.1% | 1 | |
| $4.0M | <0.1% | 3 | |
| $3.0M | <0.1% | 1 | |
| $803.5K | <0.1% | 1 | |
| $365.4K | <0.1% | 1 | |
| $110.5K | <0.1% | 1 | |
| $108.7K | <0.1% | 1 | |
| $72.0K | <0.1% | 1 |
Tracked supply by issuer.
Tracked supply by issuer. The universe is issuer-concentrated: the three largest issuers account for 38% of total tracked supply. Click a column to sort, or filter by issuer.
| Issuer | Tracked supply▼ | % of total | Instruments |
|---|---|---|---|
| Ondo Finance | $3.2B | 14.0% | 87 |
| Tether | $3.0B | 12.9% | 1 |
| Franklin Templeton | $2.6B | 11.3% | 3 |
| Hashnote / Circle | $2.4B | 10.3% | 1 |
| BlackRock / Securitize | $2.0B | 8.8% | 1 |
| Backed Finance | $1.9B | 8.3% | 400 |
| Paxos | $1.7B | 7.6% | 1 |
| Maple Finance | $1.2B | 5.4% | 2 |
| bStocks | $724.2M | 3.2% | 42 |
| WisdomTree | $667.0M | 2.9% | 1 |
| Spiko | $656.9M | 2.9% | 2 |
| Kinesis | $521.1M | 2.3% | 2 |
| Superstate | $436.8M | 1.9% | 1 |
| Anemoy Capital SPC Limited | $415.6M | 1.8% | 2 |
| OpenEden Labs | $296.9M | 1.3% | 1 |
| State Street Investment Management | $208.9M | 0.9% | 1 |
| Securitize Corp. | $202.2M | 0.9% | 1 |
| midas_rwa | $141.0M | 0.6% | 2 |
| Bosera (Libeara / Standard Chartered) | $104.0M | 0.5% | 1 |
| Goldfish | $97.1M | 0.4% | 1 |
| Pleasing | $80.0M | 0.3% | 1 |
| matrixdock | $66.9M | 0.3% | 2 |
| JPMorgan Asset Management | $54.4M | 0.2% | 1 |
| Robinhood | $54.1M | 0.2% | 11 |
| vaneck | $51.4M | 0.2% | 1 |
| CrypCool | $45.9M | 0.2% | 1 |
| New Silver Lending LLC / Centrifuge | $35.4M | 0.2% | 1 |
| Fidelity (FMR) | $25.7M | 0.1% | 1 |
| Fidelity International | $25.7M | 0.1% | 2 |
| Aurus | $6.7M | <0.1% | 2 |
| BlackRock / Archax | $4.6M | <0.1% | 1 |
| Dominion Silver | $3.5M | <0.1% | 1 |
| Dinari | $3.4M | <0.1% | 1 |
| Comtech | $3.0M | <0.1% | 1 |
| opentrade | $773.2K | <0.1% | 1 |
| Meld Gold | $110.5K | <0.1% | 1 |
Tracked supply is not a market-level number. The universe is defined by the instruments OnChain Benchmark has independently verified contracts, chains, and issuers for. A large portion of the tokenized RWA market sits outside this perimeter — stablecoins (rated and measured separately), real estate and infrastructure tokens, private equity and venture tokenizations, carbon credits, and instruments on chains not yet ingested. The perimeter widens as new instruments are verified and new chains are added.
As of Oct 30, 2026
