According to Cointelegraph, the market capitalization of tokenized real-world assets (RWA) on the Stellar network has grown by roughly 360% in 2026, climbing from $868.8 million at the end of last year to close to $4 billion. A Dune Analytics dashboard maintained by Stellar shows that as of Aug. 29, the network's RWA market cap stood at $3.996 billion, covering asset categories such as U.S. Treasuries, private and public credit, and non-U.S. government debt. Issuer concentration remains high: Spiko leads with $1.55 billion, followed by Realiz ($559 million), Tradable ($548 million), Franklin Templeton ($546 million) and Ondo ($535 million). The Stellar Development Foundation, citing RWA.xyz data, said the network held about $490 million in non-U.S. government debt as of Aug. 20, including tokenized Mexican CETES and Brazilian government bonds issued via Etherfuse. Institutional adoption is building momentum. In May, the Depository Trust & Clearing Corporation (DTCC) announced plans to connect its tokenization service to Stellar, with tokenized assets expected to go live in the first half of 2027. In July, Tradable said it planned to bring up to $1 billion in private credit assets onto Stellar.
The market capitalization of tokenized real-world assets (RWA) on Stellar jumped roughly 360% in 2026, according to Cointelegraph. The total rose from $868.8 million at the end of last year to almost $4 billion.
A Dune Analytics dashboard maintained by Stellar shows the network's RWA market cap hit $3.996 billion as of Aug. 29. That figure covers U.S. Treasuries, private and public credit, and non-U.S. government debt.
Issuer concentration
Issuer concentration is high. Spiko is the largest with $1.55 billion, followed by Realiz ($559 million), Tradable ($548 million), Franklin Templeton ($546 million) and Ondo ($535 million).
Non-U.S. government debt
Stellar has also made headway in non-U.S. government debt. Citing RWA.xyz data, the Stellar Development Foundation said the network held about $490 million of these assets as of Aug. 20, including tokenized Mexican CETES and Brazilian government bonds issued via Etherfuse.
Institutional adoption
Institutional adoption is a key growth driver. In May, the Depository Trust & Clearing Corporation (DTCC) said it plans to connect its tokenization service to Stellar. DTCC's tokenized assets are expected to go live in the first half of 2027, with potential support for tokenized U.S. Treasuries, major index ETFs and Russell 1000 components.
In July, Tradable announced plans to bring up to $1 billion in private credit assets onto Stellar.
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