Issuers
11 institutional issuers tokenizing real-world assets
BlackRock
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
Ondo Finance
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
Securitize
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
Superstate
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
Franklin Templeton
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
Maple Finance
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
Backed Finance
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
Centrifuge
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
OpenEden
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
Hashnote
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
Libre Capital
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