The value of tokenized real-world assets (RWAs) on the Stellar network has surged about 360% in 2026, rising from $868.8 million at the end of last year to nearly $4 billion as of Aug. 29.
The market is concentrated among a handful of issuers. Spiko leads with about $1.55 billion, followed by Realiz at $559 million, Tradable at $548 million, Franklin Templeton at $546 million and Ondo at $535 million.
Stellar has also gained traction in non-US government debt, with roughly $490 million tokenized on the network, including Mexican CETES and Brazilian government bonds.
Institutional adoption is helping drive the expansion. DTCC plans to connect its tokenization services to Stellar in the first half of 2027, potentially enabling tokenized US Treasurys, major index ETFs and Russell 1000 stocks on the network.
Tradable also plans to bring up to $1 billion in private credit assets to Stellar, while MoneyGram has launched its MGUSD stablecoin on the blockchain. Stellar currently hosts around $438 million in reserve-verified stablecoins.
Despite the strong RWA growth, $XLM
is down about 11% year to date, trading near $0.18.