Stellar network’s real-world assets market cap surpasses $3B
cyberinktimes.com · post 61125 · 2026-06-25
NEW YORK, June 25 — The total market capitalization of tokenized real-world assets on the Stellar network has surpassed $3 billion, according to network data. The milestone marks a roughly 300% increase from where Stellar’s RWA market stood in early 2025. The record shows 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 is not 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 product, also contributes to the total. On the timeline, the acceleration is striking.
Stellar spent years building the infrastructure for asset tokenization before the numbers began to move. The jump from $1 billion to $3 billion took roughly six months — a pace that most blockchain networks are still daydreaming about, according to sources familiar with the sector. The Stellar network has positioned itself as one of the most active chains for bringing traditional finance on-chain.
The $3 billion figure cements that position, according to the filing and network data reviewed by this correspondent. Franklin Templeton’s presence on the network is significant. The asset manager’s BENJI token represents a traditional money market fund that has been tokenized for on-chain trading and settlement.
Spiko’s $1 billion-plus in assets suggests institutional demand for tokenized government securities and money market instruments is real and growing. Ondo Finance’s USDY product adds another layer of institutional-grade tokenized assets to the Stellar ecosystem.
The mix of issuers — from established asset managers to dedicated tokenization platforms — suggests the growth is broad-based rather than dependent on any single product or sponsor. The $3 billion threshold is notable in the broader context of real-world asset tokenization. Most blockchain networks have struggled to attract meaningful volumes of tokenized traditional assets.
Stellar’s figures suggest the network has found product-market fit in this specific corner of the crypto economy. What comes next is the question.
The network has demonstrated it can scale from $1 billion to $3 billion in roughly six months. If that trajectory holds, the next milestone — whatever figure that may be — could arrive on a similar timeline. Sources familiar with the matter say the pipeline of institutional issuers evaluating Stellar for tokenization projects remains active.
The record shows that Stellar has crossed a threshold that most blockchain networks are still working toward. Whether the pace can be sustained will depend on continued institutional adoption and the regulatory environment for tokenized securities. For now, the numbers speak for themselves.