Stellar On-Chain RWA Market Cap Nears $4 Billion, Up ~360% Year-to-Date

According to Cointelegraph, the market cap of tokenized real-world assets (RWA) on the Stellar network has grown approximately 360% in 2026, climbing from $868.8 million at the end of last year to nearly $4 billion. A Dune Analytics dashboard maintained by Stellar shows that as of August 29, the network's RWA market cap stood at $3.996 billion, covering asset classes including U.S. Treasuries, private and public credit, and non-U.S. government debt. Issuer concentration is high, with Spiko leading at $1.55 billion, followed by Realiz ($559 million), Tradable ($548 million), Franklin Templeton ($546 million), and Ondo ($535 million). Stellar has also made inroads into non-U.S. government debt; the Stellar Development Foundation, citing RWA.xyz data, noted that as of August 20, the network held approximately $490 million in such assets, including tokenized Mexican CETES and Brazilian government bonds issued via Etherfuse. Institutional adoption continues to drive growth. In May, the Depository Trust & Clearing Corporation (DTCC) announced plans to connect its tokenization services to Stellar, with DTC tokenized assets expected to go live in the first half of 2027, potentially supporting tokenized U.S. Treasuries, major index ETFs, and Russell 1000 components. In July, Tradable announced plans to bring up to $1 billion in private credit assets onto Stellar.