Stellar’s tokenized RWA market reaches the $4 billion line, up 360% this year

Stellar’s tokenized real-world asset market has grown into something institutions take seriously. As of August 29, 2026, tokenized RWAs on the network totaled approximately $3.996 billion. That is up 360% from $868.8 million at the end of 2025. The figure briefly crossed $4 billion around August 3, so the network has already visited the four-comma neighborhood once this year. XLM, Stellar’s native asset, has been trading around $0.18 through August. The network keeps adding assets, and the token has mostly stayed put. Who is filling the vault On Stellar, institutional issuers drove the growth. The asset mix covers US Treasuries, private and public credit, money market funds, and non-US sovereign debt. Spiko leads the pack with approximately $1.55 billion in tokenized assets. That single issuer accounts for well over a third of the network’s RWA total. The next tier is unusually tight: Realiz: $559 million Tradable: $548 million Franklin Templeton’s BENJI ecosystem: $546 million Ondo: $535 million Together, those five issuers make up the vast majority of the market. Four of them sit within about $25 million of each other. The emerging-market debt niche Stellar’s most distinctive lan...