Stellar's tokenized asset market more than quadruples to nearly $4 billion

Tokenized asset market on Stellar sees explosive growth

The value of real-world assets (RWA) tokenized on the Stellar blockchain has surged roughly 360% this year. According to data from a Dune Analytics dashboard maintained by Stellar, the market cap reached nearly $4 billion by August 29.

RWA tokenization involves creating digital copies of physical or financial assets, such as bonds or loans, on a blockchain. This allows these assets to be traded digitally with greater speed and lower costs.

The figure represents a dramatic increase from $868.8 million at the end of last year. As of August 27, the total market cap stood at $3.996 billion.

Leading issuers and asset types

The growth is concentrated among a small group of major issuers.

• Spiko: $1.55 billion
• Realiz: $559 million
• Tradable: $548 million
• Franklin Templeton: $546 million
• Ondo: $535 million

Beyond these top issuers, Stellar has expanded its role in non-US government debt. The Stellar Development Foundation cited RWA.xyz data indicating the network held about $490 million in this asset class as of August 20. This includes tokenized bonds from Mexico and Brazil issued through Etherfuse.

Institutional adoption accelerates

The expansion is being driven by major financial institutions integrating with the network.

In May, the Depository Trust & Clearing Corporation (DTCC) announced plans to connect its tokenization service to Stellar. The DTCC is a key financial infrastructure organization in the US. Under the plan, DTC-tokenized assets are expected to become available on Stellar in the first half of 2027. This integration could support tokenized US Treasurys, major index ETFs, and stocks in the Russell 1000.

In July, tokenization platform Tradable announced it would bring up to $1 billion in private credit assets to Stellar. The integration aims to support compliance, investor onboarding, and asset lifecycle management. Tradable already has $1.7 billion in private credit tokenized across nearly 30 positions.

Additionally, Stellar has expanded into digital payments. MoneyGram launched its MGUSD dollar stablecoin on the network in June. A stablecoin is a digital currency pegged to a stable asset, typically the US dollar. MGUSD allows users to hold dollar-denominated balances and move funds through MoneyGram's global payments network.

Stablecoin market also grows

Alongside RWAs, the stablecoin market on Stellar continues to expand. MGUSD joins roughly $438 million in reserve-verified stablecoins currently issued on the network.

Price performance diverges from RWA growth

Despite the rapid growth in tokenized assets, Stellar's native token, XLM, has not mirrored the trend. According to CoinGecko data, XLM is down about 11% year to date, trading near $0.18.

Why this matters for the crypto industry

The surge highlights a broader shift in the crypto industry toward integrating traditional finance with blockchain technology. Major players like DTCC and Franklin Templeton joining Stellar signals growing confidence in the network's ability to handle large-scale, regulated financial assets.

What comes next

The first half of 2027 will be a key milestone when DTCC-tokenized assets are expected to become available on Stellar. This could mark a significant step in mainstream institutional adoption of blockchain technology for traditional financial assets.

Official source

Data is sourced from a Dune Analytics dashboard maintained by Stellar and statements from the Stellar Development Foundation regarding RWA.xyz data.

What is confirmed

The RWA market cap on Stellar has grown from $868.8 million to nearly $4 billion. Spiko is the largest issuer. DTCC has announced plans for integration in 2027. MoneyGram has launched MGUSD on the network.

What is still unclear

While XLM price is down, the direct reasons for the divergence between token price and ecosystem growth are not detailed in the source material.

Sources

• Cointelegraph