What is RWA.xyz? Explaining real-world asset tokenization data

Page last revised: July 7, 2026

As treasuries, private credit, and tokenized institutional funds move on-chain at a pace unmatched by any other cryptocurrency sector, one analytics platform has become the default reference point for tracking the physical location of capital. RWA.xyz It aggregates on-chain data across tokenization platforms, asset managers, and blockchains to answer a question that organizations are increasingly interested in: how much real value is now represented on public blockchains, and by whom. Its data is now cited by the US Treasury, JPMorgan, and Standard & Poor’s Global, among others.

Key takeaways

• RWA.xyz tracks tokenized real-world assets across categories including US Treasuries, private credit, equities, institutional funds, and stablecoins.
• The platform reported approximately $33.1 billion in distributed asset value as of July 2026, up from approximately $6 billion at the beginning of 2025.
• Founded in 2022 by Adam Lawrence (CEO) and Charlie Yu, RWA.xyz has raised a seed round from investors including 1kx, Archetype, and Shima Capital.
• Its data is used by institutions including JPMorgan, S&P Global, the International Monetary Fund, Moody’s, DTCC, the US Treasury, and Fidelity.
• The platform is free to browse, with additional API access and data export available for enterprise users.

Snapshot RWA.xyz

What does RWA.xyz do?

RWA.xyz works similarly to a TVL tracker like DefiLlama, but specifically focuses on real-world assets – traditional financial instruments that are represented as tokens on public blockchains. Instead of tracking DeFi protocol deposits, it tracks the on-chain value of things like government bonds, private loans, money market funds, and even token stocks, broken down by issuing platform, blockchain network, and asset manager.

The platform distinguishes between two types of token assets: Distributed assetswhich uses blockchain as the physical distribution layer – allowing investors to hold and transfer tokens directly through their own wallets – and Representative assetswhich uses blockchain more as a record-keeping or reference layer without full on-chain portability.

What categories does RWA.xyz track?

• Private credit – Tokenized business and consumer loans, including SME financing and receivables, issued through platforms such as Maple and Centrifuge.
• Institutional funds — Token exposure to money market and alternative investment fundsincluding BlackRock’s BUIDL and Ondo Finance’s OUSG.
• Token shares — On-chain representation of common stocks and ETFsa newer but fast-growing category led by platforms like Ondo Global Markets.
• Corporate bonds – Tokenized fixed income products from issuers including BlackRock and Securitize.
• Stablecoins — RWA.xyz also tracks the total supply of stablecoins as part of the broader crypto ecosystem, separately from non-stablecoin RWA numbers.

How big is the tokenized RWA market?

According to RWA.xyz live data, the value of distributed token assets is approximately US$33.1 billion, with total asset holders approaching 955,000 – both numbers that have grown sharply since early 2025, when the total token market approached US$6 billion. US Treasury products have historically represented the largest single category, although private credit and token funds have expanded significantly as institutional platforms such as Ondo Finance, Securitize, and Franklin Templeton expand their offerings. This growth has continued even on a larger scale Crypto market They were volatile, underscoring how token RWAs were increasingly disconnected from token price cycles. Separately, RWA.xyz tracks approximately $295 billion in total stablecoin value, reflecting the broader scale of the platform beyond non-stablecoin RWAs.

Who uses RWA.xyz?

RWA.xyz data is cited by a prominent institutional user base, including JPMorgan, S&P Global, IMF, Moody’s, DTCC, US Treasury, Fidelity, Citibank, and the World Economic Forum. Periodic “State of RWAs” reports are widely referenced by banks and research firms tracking the growth of the sector, and the platform collaborates directly with asset issuers to verify data rather than relying solely on public blockchain scraping.

Is RWA.xyz free to use?

The essential dashboards – covering Treasuries, Private Credit, Funds, Equities, Platforms and Networks – can be browsed without an account. RWA.xyz also provides expanded access for enterprise users, including API access, downloadable data export, and deeper historical metrics, available on-demand through the platform.

RWA.xyz vs DefiLlama

Both systems serve a similar function — free on-chain data collection for a particular corner of cryptocurrencies — but they track different things. Devillama Focuses on the DeFi TVL protocol, returns, and stablecoin trading across the broader cryptocurrency ecosystem. RWA.xyz focuses specifically on tokenized real-world assets: Treasuries, private credit, funds and stocks issued by regulated platforms and asset managers. The two data sets in stablecoins overlap and sometimes cross each other’s numbers, but RWA.xyz is generally considered the more specialized, institution-facing source of token-specific data.