- RWAs on Stellar hosts more than $500 million in RWA, marking a 25% year-over-year increase, with BENJI as the primary driver.
- Stellar’s anchor model connects blockchain with traditional finance, making it ideal for tokenizing assets like money market funds, Treasuries, and bonds.
Franklin Templeton’s Franklin OnChain U.S. Government Money Fund (FOBXX) is a regulated U.S. mutual fund that has taken a pioneering step by integrating blockchain technology into traditional finance. Each share of the fund is represented by a BENJI token, which is issued and recorded on the Stellar blockchain.
This integration enables efficient on-chain transfers, increased transparency, and faster settlement compared to traditional systems.
According to Messari, the Stellar network has experienced notable growth as a hub for tokenized real-world assets. The platform reports that the network now hosts $533.3 million in real-world assets (RWAs), excluding stablecoins, up 25% year over year.
At its Meridian conference in Rio de Janeiro this September, Stellar Development Foundation (SDF) revealed that more than $3 billion in real-world assets (RWAs), including stablecoins, are now available on Stellar.
This growth is fueled by new issuers such as PayPal with its PYUSD stablecoin, Ondo Finance with tokenized U.S. Treasuries, Mercado Bitcoin with equities and bonds, Centrifuge with Treasuries and CLOs, and RedSwan Digital with $100 million tokenized real estate on Stellar.
Mercado Bitcoin also revealed plans to issue $200 million in tokenized fixed-income and equity instruments on the network. According to Stellar Development Foundation, these assets are expected to go live between November and December 2025.
Messari went further to explain that tokenized U.S. Treasuries dominate Stellar’s real-world asset landscape, accounting for 94.8% of the market, or $505.8 million, across ten offerings. Public equities follow with 4.1% ($21.8 million), also spanning ten offerings, while non-U.S. government debt makes up 0.5% ($2.9 million) across two.
In September, Centrifuge, a pioneer in tokenizing real-world loans on Ethereum and Polkadot, expanded to Stellar with the launch of its deRWA token standard. This now became the second fully DeFi-composable RWA offering on the network after Etherfuse’s Stablebonds.
Why Institutions Are Choosing Stellar
Stellar has become a highly attractive network for institutional real-world asset tokenization because its design directly addresses many of the operational, regulatory, and infrastructure challenges institutions face.
The report explains,
Stellar’s appeal comes from its near-zero transaction costs and purpose-built ecosystem of products, tools, and applications that people can use for everyday financial services.
A global network of Anchors, such as MoneyGram International, provides the on and off-ramps that connect Stellar to traditional financial rails, while the Stellar Disbursements Platform (SDP) is a turnkey solution for sending digital payments.
Network-level features for assets include multi-signature accounts and authorization flags to control access, while Stellar’s Asset Sandbox includes no-code tools for asset issuance and management.
Moreover, technical innovations like the Stellar Asset Contract standard, Soroban smart contract platform, and fast block finality enable seamless compliance tooling, yield distribution, and composable DeFi integrations. This backdrop makes Stellar uniquely suited for hosting a broad spectrum of RWAs.
We have previously highlighted that Stellar is designed with a set of network-level features that support multi-signature accounts and authorization flags, giving asset issuers fine-grained control over who can hold or transfer tokens.
In addition, Stellar’s Asset Sandbox offers no-code issuance and management tools, enabling institutions to launch tokenized assets quickly without needing complex smart contract development.
Innovations like the Stellar Asset Contract standard, combined with the Soroban smart contract platform and fast block finality, allow streamlined compliance tooling, automated yield distribution, and frictionless integration with DeFi protocols.
Supporting this ecosystem are key infrastructure providers like Archax, 21X, Bitbond, Cashlink, and Centrifuge, which provide compliance solutions, interoperability layers, and institutional-grade integration. All these capabilities make Stellar an ideal environment for hosting a wide range of tokenized real-world assets.
