Issuers

11 institutional issuers tokenizing real-world assets

BlackRock

BlackRock

United States
98Rep

World’s largest asset manager. BUIDL (BlackRock USD Institutional Digital Liquidity Fund) tokenizes a short-duration U.S. dollar liquidity fund on public chains.

TVL

$2.4B

Products

1

Listed

1

BUIDL
Ondo Finance

Ondo Finance

United States
92Rep

Institutional-grade tokenization platform offering U.S. Treasuries and yield products (OUSG, USDY) with on-chain settlement and traditional custody rails.

TVL

$1.85B

Products

4

Listed

2

OUSG
USDY
Securitize

Securitize

United States
91Rep

SEC-registered transfer agent and digital securities platform powering issuance, compliance, and secondary trading for tokenized funds and equity.

TVL

$1.1B

Products

20

Listed

1

S-FUND
Superstate

Superstate

United States
90Rep

Regulated asset manager issuing tokenized U.S. Treasury and short-duration funds (USTB, USCC) designed for qualified purchasers and on-chain treasuries.

TVL

$780M

Products

3

Listed

1

USTB
Franklin Templeton

Franklin Templeton

United States
95Rep

Global asset manager offering Franklin OnChain U.S. Government Money Fund (BENJI / FOBXX) — one of the first tokenized money-market funds from a traditional AUM giant.

TVL

$520M

Products

1

Listed

1

BENJI
Maple Finance

Maple Finance

Canada
85Rep

Institutional lending marketplace offering underwritten private credit pools with on-chain transparency, KYC’d borrowers, and pool-level risk parameters.

TVL

$480M

Products

8

Listed

2

syrupUSDC
MPL-HY
Backed Finance

Backed Finance

Switzerland
88Rep

Swiss-regulated issuer of tokenized ETFs and bonds (bTokens), bridging traditional securities onto public blockchains with ISIN-backed products.

TVL

$420M

Products

12

Listed

1

bIB01
Centrifuge

Centrifuge

Germany
87Rep

RWA infrastructure for financing real-world assets (trade finance, consumer credit, real estate) via CFG pools and the Centrifuge Chain / Ethereum stack.

TVL

$340M

Products

15

Listed

2

NS-DROP
CF-DROP
OpenEden

OpenEden

Singapore
86Rep

Tokenized T-bill platform (TBILL) providing on-chain access to short-dated U.S. Treasuries with institutional custody and transparent NAV reporting.

TVL

$310M

Products

2

Listed

1

TBILL
Hashnote

Hashnote

United States
84Rep

Structured products and yield vehicles (USCC) combining cash-and-carry and Treasury strategies for crypto-native and institutional allocators.

TVL

$265M

Products

2

Listed

1

USCC
Libre Capital

Libre Capital

United States
78Rep

On-chain access platform for alternative funds and private markets, partnering with traditional managers to distribute tokenized fund interests.

TVL

$95M

Products

5

Listed

1

HLSCOPE