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Real World Assets (RWA)

Tokenized treasuries, commodities, credit and real-world asset protocols, ranked by TVL and token market data.

Token market cap
$11.97B
+1.96% in 24h
24h token volume
$2.31B
19.3% of market cap
Total value locked
$4.72B
+0.13% in 24h
Protocol fees (24h)
$1.98M
Tracked projects
239
99 tokens · 145 platforms

Today in the data

The 99 tracked RWA tokens are worth $11.97B combined, up 2.0% over the last 24 hours, on $2.31B of trading volume. 62 of 99 rose on the day. Tether Gold is the largest at 22% of the narrative's market cap. The strongest 24h move was RIZE (+55.2%); the weakest was Goldfinch (−12.2%). 116 platforms hold $4.72B on-chain, led by Invesco USTB ($544.68M). Protocols earned $1.98M in fees over the last 24 hours; Grayscale earned the most ($617.85K).

Top tokens
All tokens
  1. 1
    $2.66B
    +0.05%
  2. 2
    $2.63B
    +5.89%
  3. 3
    $1.85B
    +0.04%
  4. 4
    $1.74B
    +1.15%
  5. 5
    $651.3M
    +2.43%
  6. 6
    $446.55M
    +2.67%
  7. 7
    $259.22M
    -0.15%
  8. 8
    $213.41M
    +4.26%
  9. 9
    $186.69M
    +2.31%
  10. 10
    $128.58M
    +7.13%
Top platforms
All platforms
  1. 1Invesco USTB
    Invesco USTB
    RWA · Ethereum, Solana +1
    $544.68M
    TVL
  2. 2Ethena USDtb
    Ethena USDtb
    RWA · Ethereum
    $475.84M
    TVL
  3. 3Re
    Re
    RWA · Ethereum, Base +2
    $384.77M
    TVL
  4. 4Huma
    Huma
    RWA · Solana, Ethereum +2
    $377.03M
    TVL
  5. 5Anemoy Capital
    Anemoy Capital
    RWA · Ethereum, Base +1
    $334.03M
    TVL
  6. 6OnRe
    OnRe
    RWA · Solana
    $299.22M
    TVL
  7. 7OpenTrade
    OpenTrade
    RWA · Avalanche, Plume Mainnet +1
    $266.22M
    TVL
  8. 8Plume Vaults
    Plume Vaults
    RWA · Plume Mainnet, Ethereum +3
    $219.36M
    TVL
  9. 9USD AI
    USD AI
    RWA · Arbitrum
    $208.4M
    TVL
  10. 10DigiFT
    DigiFT
    RWA · Ethereum, Plume Mainnet +2
    $194.41M
    TVL
Biggest movers (24h)
Recently listed

Data updated

What is Real World Assets (RWA)?

Real-world asset (RWA) protocols bring off-chain assets on-chain: US treasuries, private credit, commodities like gold, and real estate, issued as tokens that can be held, traded or used as DeFi collateral.

TVL here is close to assets under management — the value of the underlying assets tokenized through each protocol — which makes it the most direct measure of the sector's size.

Methodology

Tokens come from CoinMarketCap's Real World Assets Protocols, Tokenized Commodities and Tokenized T-Bills categories, excluding the general-purpose chains and oracles CoinMarketCap files there (they host RWA rather than issue it); tokenized stocks are not included. Platforms are DefiLlama's RWA protocols.

A token is tracked while it trades at least $1K a day; stablecoins are excluded, and the 500 largest by market cap are kept. Market data refreshes every 15 minutes from CoinMarketCap; TVL and protocol fees refresh hourly from DefiLlama; TVL totals leave out protocols DefiLlama flags as double-counted (vaults and aggregators that deposit into other protocols). Aggregate changes are value-weighted, so large projects move the totals more than small ones.

Tables are ordered by the data alone — market cap, volume, TVL or fees.