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Tokenized real world assets

How much of the real world trades on chain: tokenized stocks, commodities and ETFs by sector and issuer over 90 days, every token ranked by market cap.

Live Board 243 tokens As of 03:05 UTC

Tokenized market cap

$8.92B

+0.7% over 24 hours, cap-weighted

24h volume

$1.00B

across 243 tokens

Largest sector

Commodities

$6.19B · 69% of the total

Tokens tracked

243

stocks, commodities and ETFs

The market by sectorShare of tokenized market cap today

Stocks $2.08B23%Commodities $6.19B69%ETFs $650.4M7%

Market cap and volume over timeStacked by sector, issuer or chain

Stack by
Window
StocksCommoditiesETFs

Market cap

24h volume

Summed from the 20 largest tokens in each sector, 90 days, updated 12 Sep. Hover for the split on any day.

Every tokenized assetRanked by market cap

# Token Sector Issuer Price 24h 7d Market cap 24h volume 7 days
1Tether GoldXAUTCommoditiesTether$4,181+0.9%−3.7%$3.38B$198.4M
2PAX GoldPAXGCommoditiesPaxos$4,188+1.0%−3.5%$1.82B$145.1M
3Kinesis GoldKAUCommoditiesKinesis$134.79+1.4%−3.8%$321.7M$98.9K
4Kinesis SilverKAGCommoditiesKinesis$61.57+1.4%−8.5%$229.2M$80.4K
5Strategy PP Variable xStockSTRCXStocksBacked xStocks$107.92+1.1%+2.4%$158.0M$286.3K
6Circle Internet Group (bStocks Tokenized Stock)CRCLBStocksbStocks$83.89−1.3%−11.0%$123.6M$30.2M
7Tether Gold TokensXAUT0CommoditiesTether$4,185+0.9%−3.6%$110.6M$2.9M
8MicroStrategy xStockMSTRXStocksBacked xStocks$153.67−1.2%−8.8%$100.6M$2.3M
9Circle Internet Group (Ondo Tokenized Stock)CRCLONStocksOndo Finance$83.91−1.1%−10.8%$100.1M$1.8M
10SpaceX (bStocks Tokenized Stock)SPCXBStocksbStocks$149.24+2.4%−3.1%$85.2M$32.7M
11Goldfish GoldGGBRCommoditiesOthers$4.18+1.5%−3.8%$84.8M$95.0K
12Pleasing GoldPGOLDCommoditiesOthers$4,171+0.0%−3.7%$81.4M$2
13Circle xStockCRCLXStocksBacked xStocks$83.96−1.2%−10.8%$78.5M$9.8M
14Strategy Stretch Preferred (Ondo Tokenized)STRCONStocksOndo Finance$105.29+0.8%+1.1%$76.3M$2.5M
15iShares Core S&P 500 ETF (Ondo Tokenized ETF)IVVONETFsOndo Finance$778.81+0.3%−0.7%$70.4M$11.4K
16Matrixdock GoldXAUMCommoditiesMatrixdock$4,171+0.9%−3.8%$69.7M$553.7K
17Tesla xStockTSLAXStocksBacked xStocks$353.63−1.0%−6.6%$67.7M$3.4M
18Bending Spoons xStockBSPXStocksBacked xStocks$32.60−2.6%−9.4%$67.7M$6.0K
19SP500 xStockSPYXETFsBacked xStocks$769.59+0.2%−1.1%$64.7M$12.9M
20SecuritizeSECZStocksSecuritize$15.83−4.8%+21.8%$63.7M$0
21Strategy (bStocks Tokenized Stock)MSTRBStocksbStocks$153.53−1.0%−8.9%$56.1M$4.9M
22SPDR S&P 500 ETF (Ondo Tokenized ETF)SPYONETFsOndo Finance$773.26+0.2%−1.1%$45.9M$1.5M
23SpaceX xStockSPCXXStocksBacked xStocks$149.28+2.5%−3.1%$45.9M$21.0M
24NVIDIA xStockNVDAXStocksBacked xStocks$228.49−0.2%−0.0%$42.9M$35.1M
25Micron Technology (bStocks Tokenized Stock)MUBStocksbStocks$1,069+1.8%−1.8%$40.8M$7.3M
26Micron Technology (Ondo Tokenized Stock)MUONStocksOndo Finance$1,074+2.0%−1.4%$40.7M$4.1M
27NVIDIA (Ondo Tokenized Stock)NVDAONStocksOndo Finance$227.66−0.4%−0.3%$38.7M$2.7M
28Nasdaq xStockQQQXETFsBacked xStocks$740.82+0.6%−1.1%$38.6M$1.6M
29Alphabet xStockGOOGLXStocksBacked xStocks$341.61−0.3%−3.3%$37.7M$2.6M
30Invesco QQQ ETF (Ondo Tokenized ETF)QQQONETFsOndo Finance$741.61+0.5%−1.1%$34.0M$1.8M
31NVIDIA (bStocks Tokenized Stock)NVDABStocksbStocks$228.00−0.2%−0.1%$33.2M$16.7M
32Hims & Hers Health (Ondo Tokenized Stock)HIMSONStocksOndo Finance$28.67−0.0%−5.7%$30.2M$1.8M
33MicroStrategy (Ondo Tokenized Stock)MSTRONStocksOndo Finance$153.50−1.3%−8.9%$29.3M$2.3M
34SanDisk (bStocks Tokenized Stock)SNDKBStocksbStocks$1,721+1.3%−8.2%$28.8M$21.6M
35iShares Bitcoin Trust (Ondo Tokenized)IBITONETFsOndo Finance$47.29+0.6%−3.2%$28.3M$157
36CEA Industries (bStocks Tokenized Stock)BNCBStocksbStocks$5.83+4.1%−8.2%$28.3M$34.9M
37Alphabet (bStocks Tokenized Stock)GOOGLBStocksbStocks$340.96−0.3%−3.3%$25.9M$3.8M
38iShares Silver Trust (Ondo Tokenized Stock)SLVONETFsOndo Finance$55.33+0.9%−8.0%$25.2M$2.2M
39SPDR S&P 500 ETF Trust • Robinhood TokenSPYETFsRobinhood$766.91+0.2%−1.0%$23.3M$25.9M
40Tesla (bStocks Tokenized Stock)TSLABStocksbStocks$353.65−1.0%−6.6%$21.4M$7.7M
41Roundhill Memory ETF (bStocks Tokenized Stock)DRAMBETFsbStocks$60.77+1.0%−3.6%$20.4M$1.3M
42Alphabet Class A (Ondo Tokenized Stock)GOOGLONStocksOndo Finance$341.77−0.4%−3.3%$20.0M$9.2M
43Backed IB01 $ Treasury Bond 0-1yrBIB01ETFsBacked$121.80--+0.0%$19.0M$0
44NVIDIA • Robinhood TokenNVDAStocksRobinhood$228.19−0.2%−0.1%$18.9M$53.2M
45Intel (Ondo Tokenized Stock)INTCONStocksOndo Finance$116.05+1.6%−5.9%$18.9M$1.3M
46Intel (bStocks Tokenized Stock)INTCBStocksbStocks$115.89+1.3%−6.1%$18.9M$6.0M
47iShares 20+ Year Treasury Bond ETF (Ondo Tokenized ETF)TLTONETFsOndo Finance$82.12+0.0%−3.8%$18.3M$791.6K
48iShares Core MSCI EAFE ETF (Ondo Tokenized ETF)IEFAONETFsOndo Finance$100.54+0.0%−1.2%$17.1M$1.1M
49Coinbase (bStocks Tokenized Stock)COINBStocksbStocks$189.38−1.1%−5.7%$16.8M$6.2M
50Tesla (Ondo Tokenized Stock)TSLAONStocksOndo Finance$353.79−1.0%−6.5%$16.6M$3.3M

243 tokens, sorted by market cap. Issuers are read from token names.

About this data

Updated Sep 2026

Figures are shown as the source publishes them, and anything we calculate is explained below. How the data is made Report an error General information, not financial advice.

What this page measures

A tokenized real world asset is a token whose value is meant to track something off chain: a share of Nvidia, an ounce of gold, a unit of an S&P 500 fund. The issuer holds the asset, or a claim on it, and issues tokens against it, so the token can be traded, held and used as collateral on chain like any other.

This page sizes that market. The hero carries the total market cap of every such token we track, the bar under it splits that total by sector, the charts show how each sector and each issuer has grown over 90 days, and the board lists every token with its price, change, market cap and volume.

How to read it

  • Market cap is what has been minted, not what has been bought: A tokenized stock's market cap is the tokens in circulation at the underlying price. An issuer minting against inventory raises it without a single buyer.
  • Volume is where the action is: Gold carries most of the market cap and turns over slowly. Tokenized stocks are a fraction of the size and most of the trading. The two charts side by side show which sectors are held and which are traded.
  • Issuer share is concentration: A handful of issuers carry most of each sector. Stack the charts by issuer to see who, and whether the newer entrants are taking share.
  • Chain share is where the assets live: Gold sits on Ethereum; the stock tokens are spread across Solana, BNB Chain and Arbitrum. Stack by chain to see which networks are winning the issuance.
  • The 24 hour and 7 day changes are the underlying's, mostly: A tokenized share moves with the share. A gap between the token and the underlying is a liquidity or redemption story, not a market one.

What it cannot tell you

  • Coverage: only verified tokens are listed. Private funds that issue on chain without a public market are not here.
  • Backing: A token's market cap says nothing about whether the issuer holds what it says it holds. That is a question for the issuer's attestations.
  • Issuer attribution: Reading the issuer from the name is right almost every time, and wrong when a name carries no brand or a brand changes hands.
  • History depth: The charts sum the largest tokens in each sector, not every token, so the totals in the charts sit a little under the total in the hero.

Not investment advice

A tokenized asset carries the risk of the asset and the risk of the issuer. Nothing on this page is a recommendation to buy or sell anything.

Questions

What counts as a tokenized real world asset?

A token that represents a claim on something off chain and trades like one: here, a stock, an ETF or a commodity. Tokenized treasury and credit funds are minted and redeemed with the issuer rather than traded, so they are not counted. Stablecoins track a currency, not an asset, and have their own market.

Why is gold so much bigger than stocks?

Tokenized gold has been on chain since 2020 and is held as a store of value, so its market cap has compounded for years. Tokenized stocks arrived in volume in 2025, are traded rather than held, and are still a fraction of the size, which is why they carry most of the volume and little of the market cap.

Who are the issuers?

Read from the token names. Backed's xStocks, Ondo, Robinhood, bStocks and Dinari issue tokenized stocks and ETFs; Tether, Paxos, Kinesis and Matrixdock issue gold and silver. Stack the charts by issuer to see each one's share.

How often does it update?

The board every five minutes while the page is open. The history daily; the note under the charts shows the date.