Stellar just crossed a threshold that most blockchain networks are still daydreaming about. The total market cap of tokenized real-world assets on the Stellar network has surpassed $3 billion, a milestone that cements the network’s position as one of the most active chains for bringing traditional finance on-chain.
Here’s the thing: that figure represents roughly a 300% increase from where Stellar’s RWA market stood in early 2025.
How Stellar got here
Stellar’s on-chain RWA value crossed $1 billion in January 2026. It hit $2 billion shortly after that. Now, less than six months later, the network has blown past the $3 billion mark.
The growth isn’t coming from a single whale or one outsized product. Spiko, a tokenization platform, accounts for over $1 billion in assets on the network. Franklin Templeton’s BENJI token, which represents shares of its OnChain US Government Money Fund, sits at approximately $654 million. Ondo Finance’s USDY, a tokenized note backed by short-term US Treasuries, contributes around $529 million. And VuMe Bond 2030, a corporate credit issuance, adds roughly $500 million to the total.
