Tokenization & Real-World Assets
Tokenization brings off-chain assets on-chain as transferable tokens, so treasury bills, private credit loans, equities and commodities settle with the same tooling as native crypto. Holders get exposure to the underlying instrument while a custodian or issuer keeps the asset itself and honours redemptions.
The filters separate entries by the asset class behind the token, and set aside issuance platforms, which run the plumbing for other people to mint. Entries are ordered by value locked on DefiLlama, with featured listings first.
Securitize
The compliance platform for digitizing securities on the blockchain.
Ondo
Ondo is creating secure, onchain financial products like tokenized notes such as USDY. It is backed by short-term US Treasuries and bank demand deposits.
Tether Gold
Tether Gold is the $XAUT token, and each unit represents an allocated share of physical gold held in a Swiss vault with the bar identifiers published. It runs on Ethereum.
Maple
Maple runs institutional credit pools that lend against tokenized collateral and issues $syrupUSDC for passive lenders. It runs on Ethereum and Solana.
BlackRock BUIDL
BlackRock’s tokenized money market fund holds treasury bills, repo and cash, with Securitize acting as transfer agent. The $BUIDL token runs on Ethereum, Solana, Aptos, Avalanche, Arbitrum, Optimism and Polygon.
Circle USYC
Circle issues $USYC, a tokenized treasury fund acquired with Hashnote that holds short-term government debt and repo agreements. It runs on Ethereum and BNB Chain.
Spiko
Spiko runs regulated money market funds whose shares are issued as tokens, giving European businesses access to government bill yield. The tokens run on Ethereum, Arbitrum, Polygon, Base and Stellar.
Paxos Gold
Paxos Gold is the $PAXG token, and each unit is a claim on an ounce of London Good Delivery gold held by Paxos in custody. It runs on Ethereum.
Centrifuge
Open, decentralized platform to connect the global financial supply chain. Intreview with Philip Stehlik, co-founder and CTO of Centrifuge.
WisdomTree Prime
WisdomTree Prime is a consumer app from the asset manager WisdomTree that holds tokenized money market and equity index funds registered in the United States. The share tokens run on Ethereum and Stellar.
Superstate
Superstate issues tokenized funds holding short-term treasuries and crypto basis positions, and its Opening Bell service brings registered company shares on chain. The tokens run on Ethereum and Solana.
Backed
Backed is creating on-chain infrastructure for capital markets, including composable tokenized securities that track the value of real-world assets such as bonds, stocks, or ETFs.
Huma Finance
Huma Finance funds cross-border payment and trade receivables with liquidity supplied by lenders, who earn yield from settlement fees. It runs on Solana, Ethereum and Stellar.
Openeden
The Openeden TBILL Vault provides investors with direct exposure to a pool of short-dated T-Bills through the Vault’s TBILL token, which is backed 1:1 by the T-Bills as well as USDC and U.S. Dollar reserves.
Midas
Midas issues tokenized certificates tracking treasury bills and managed crypto strategies, each with a named risk manager and a public mint and redeem flow. It runs on Ethereum, Arbitrum, Solana and Hyperliquid.
Plume
Plume is a network for real-world asset issuance that bundles tokenization, compliance checks and transfer agent tooling for issuers, and it settles to Ethereum.
Matrixdock
Matrixdock is a digital assets platform that provides institutional and accredited investors with transparent access to tokenized real-world assets (RWA) with an immutable record of ownership, daily Proof-of-Reserve and full bankruptcy remoteness.
Franklin Templeton Benji
Franklin Templeton Benji is the access point for the firm’s tokenized money market funds, with share ownership recorded on chain. The tokens run on Stellar, Ethereum, Polygon, Arbitrum, Base, Avalanche and Solana.
Dinari
Dinari issues dShares, tokens backed by United States listed stocks and ETFs held with a registered broker dealer. They run on Ethereum, Arbitrum and Base.