Market overview
Global RWA Market Overview
Tokenized treasuries, credit, commodities, stocks and stablecoins in one place. For top assets we count supply directly on-chain and reconcile it with CoinGecko.
As of Nov 16, 2026, 04:08 AM KST · CoinGecko · DefiLlama · Upbit · Bithumb · ECB(2026-11-13)
Distributed Asset Value?
$19.28B
₩25.8T
-6.31%vs 30 days ago
Represented Asset Value?
$28.19B
₩37.7T
+15.34%vs 30 days ago
Total Stablecoin Value
$288.86B
₩386.2T
-5.20%vs 30 days ago
Verified On-chain?
$9.35B
₩12.5T
19 of top 50 match within 2%
Stablecoin Volume on KRW Markets (24h)?
₩253.3B
USDT 98%
USDT premium in KRW +3.13%
Total RWA Value
Asset type
Range
Distributed = freely transferable on-chain tokens · Represented = recorded on an issuer ledger (e.g. Figure)
- U.S. Treasuries & MMFs
- Non-U.S. Govt. Debt
- Credit
- Commodities
- Stocks & ETFs
- Funds & Strategies
- Other
Sum of historical market caps of today's top 50 assets (CoinGecko). Assets that dropped out during the period are not included.
RWA value by chain
See all →| 1 | Ethereum | $9.21B | 30 assets | |
| 2 | BNB Chain | $3.33B | 21 assets | |
| 3 | Solana | $951.3M | 18 assets | |
| 4 | ZKsync | $627.7M | 6 assets | |
| 5 | Avalanche | $587.5M | 2 assets | |
| 6 | Arbitrum | $554.0M | 16 assets | |
| 7 | Stellar | $530.9M | 1 assets | |
| 8 | Sei | $259.6M | 1 assets | |
| 9 | Base | $175.6M | 9 assets | |
| 10 | Polygon | $165.6M | 5 assets | |
| Unverified chains | $2.69B | 10 assets |
Excludes represented assets. Values as shown on this site; split across chains by on-chain supply. Unread chains shown as 'Unverified'.
Asset class mix
- Credit 14$30.11B63.4%
- U.S. Treasuries & MMFs 8$7.39B15.6%
- Commodities 8$5.62B11.9%
- Funds & Strategies 2$2.21B4.7%
- Stocks & ETFs 16$1.54B3.2%
- Non-U.S. Govt. Debt 1$474.5M1.0%
- Other 1$114.3M0.2%
Includes represented assets (Figure HELOC, credit) · top 50
Korea
Open Korea page →Security tokens in force
D-80
2027-02-04
Stablecoin Volume on KRW Markets (24h)
₩253.3B
USDT 98% · Upbit + Bithumb
USDT premium in KRW
+3.13%
Upbit USDT price ÷ ECB USD/KRW − 1
KRW stablecoins (offshore)
₩547,181
KRWQ · KRW1
Next milestones
- 2026-11-02FSC says it will push the Digital Asset Basic Act ‘as quickly as possible’; KRW stablecoin payments to be handled with related law amendments
- 2026-11-10Rep. Min Byung-duk targets passing the Digital Asset Basic Act before 2027-01-18; KRW stablecoin issuer eligibility and exchange ownership caps are the sticking points
- 2027-02-04Amended Electronic Securities Act takes effect; OTC brokerage licenses for investment-contract and beneficiary securities begin
Stablecoin supply
$288.86BTop stablecoins
→- USDTUSD$175.39B60.7%
- USDCUSD$69.35B24.0%
- USDSUSD$5.36B1.9%
- USDeUSD$4.88B1.7%
- DAIUSD$4.63B1.6%
- USD1USD$3.11B1.1%
- RLUSDUSD$2.80B1.0%
All RWA assets
| # | Asset | Class | Price | On-chain check | ||
|---|---|---|---|---|---|---|
| 1 |  FIGR_HELOCFigure HelocRepresented | Credit | $1.06 | $28.19B ₩37.7T | +1.03% | Not verified |
| 2 |  XAUTTether Gold | Commodities | $3,829 | $3.10B ₩4.1T | +0.05% | Mismatch+2.3% |
| 3 |  USDYOndo US Dollar Yield | U.S. Treasuries & MMFs | $1.15 | $2.38B ₩3.2T | +0.05% | Match-0.5% |
| 4 |  USYCCircle USYC | U.S. Treasuries & MMFs | $1.14 | $2.01B ₩2.7T | 0.00% | Match-0.4% |
| 5 |  EURSAFOSpiko Amundi Overnight Swap Fund (EUR) | Funds & Strategies | $1.12 | $1.96B ₩2.6T | +0.01% | Partial |
| 6 |  PAXGPAX Gold | Commodities | $3,834 | $1.72B ₩2.3T | +0.19% | Match+0.1% |
| 7 |  BUIDLBlackRock USD Institutional Digital Liquidity Fund | U.S. Treasuries & MMFs | $1.00 | $1.64B ₩2.2T | 0.00% | Match+0.0% |
| 8 |  USTBInvesco Short Duration US Government Securities Fund | U.S. Treasuries & MMFs | $11.28 | $683.5M ₩913.9B | +1.44% | Mismatch-34.0% |
| 9 |  JAAAJanus Henderson Anemoy AAA CLO Fund | Credit | $1.06 | $576.2M ₩770.5B | 0.00% | Mismatch+14.3% |
| 10 |  EUTBLSpiko EU T-Bills Money Market Fund | Non-U.S. Govt. Debt | $1.17 | $474.5M ₩634.5B | +0.01% | Partial |
| 11 |  KAUKinesis Gold | Commodities | $126.16 | $345.5M ₩461.9B | +0.75% | Mismatch-85.5% |
| 12 |  OUSGOndo Short-Term U.S. Government Bond Fund | U.S. Treasuries & MMFs | $117.25 | $312.9M ₩418.3B | 0.00% | Mismatch-59.4% |
| 13 |  SAFOSpiko Amundi Overnight Swap Fund | Funds & Strategies | $1.03 | $251.9M ₩336.8B | 0.00% | Partial |
| 14 |  PC0000031Tradable NA Rent Financing Platform SSTN | Credit | $1.00 | $227.5M ₩304.2B | – | Match0.0% |
| 15 |  KAGKinesis Silver | Commodities | $48.51 | $178.3M ₩238.4B | -0.69% | Mismatch-99.0% |
| 16 |  USTBLSpiko US T-Bills Money Market Fund | U.S. Treasuries & MMFs | $1.10 | $174.9M ₩233.9B | 0.00% | Partial |
| 17 |  SPCXBSpaceX (bStocks Tokenized Stock) | Stocks & ETFs | $138.66 | $170.0M ₩227.3B | +3.38% | Match-0.2% |
| 18 |  PC0000033Tradable APAC Diversified Finance Provider SSTN | Credit | $1.00 | $162.5M ₩217.3B | 0.00% | Mismatch-100.0% |
| 19 |  NVDABNVIDIA (bStocks Tokenized Stock) | Stocks & ETFs | $163.14 | $158.5M ₩211.9B | +2.70% | Match-0.2% |
| 20 |  PC0000097Tradable LatAm Fintech SSTN | Credit | $1.00 | $134.0M ₩179.2B | 0.00% | Mismatch-100.0% |
| 21 |  CRCLBCircle Internet Group (bStocks Tokenized Stock) | Stocks & ETFs | $58.15 | $129.0M ₩172.5B | -0.63% | Match-0.6% |
| 22 |  STRCXStrategy PP Variable xStock | Stocks & ETFs | $108.73 | $121.4M ₩162.4B | -0.37% | Mismatch+95.6% |
| 23 |  THBILLTheo Short Duration US Treasury Fund | U.S. Treasuries & MMFs | $1.01 | $117.5M ₩157.2B | +1.15% | Mismatch-89.5% |
| 24 |  PC0000023Tradable Singapore Fintech SSL | Credit | $1.00 | $114.5M ₩153.1B | – | Mismatch-100.0% |
| 25 |  ALFWAlpha Bulgaria Warrants | Other | $3.20 | $114.3M ₩152.8B | 0.00% | Match-0.0% |
| 26 |  PC0000085Tradable LatAm Middle-Market Lender SSTL | Credit | $1.00 | $111.9M ₩149.6B | – | Match-0.0% |
| 27 |  PC0000015Tradable NA Third Party Online Merchant SSTN | Credit | $1.00 | $106.0M ₩141.7B | 0.00% | Mismatch-100.0% |
| 28 |  STACSecuritize Tokenized AAA CLO Fund | Credit | $1,040 | $104.9M ₩140.2B | 0.00% | Match+0.0% |
| 29 |  CRCLXCircle xStock | Stocks & ETFs | $58.15 | $104.7M ₩140.1B | -1.27% | Mismatch-4.7% |
| 30 |  PC0000077Tradable Singapore Fintech SSL | Credit | $1.00 | $100.0M ₩133.7B | 0.00% | Mismatch-100.0% |
| 31 |  MSTRXMicroStrategy xStock | Stocks & ETFs | $99.45 | $99.5M ₩133.1B | -3.00% | Mismatch-7.2% |
| 32 |  NVDAXNVIDIA xStock | Stocks & ETFs | $162.67 | $95.0M ₩127.1B | +1.66% | Partial |
| 33 |  GOOGLBAlphabet (bStocks Tokenized Stock) | Stocks & ETFs | $291.83 | $92.8M ₩124.1B | +2.13% | Match-1.7% |
| 34 |  SPCXXSpaceX xStock | Stocks & ETFs | $138.80 | $81.3M ₩108.8B | +2.77% | Mismatch+73.4% |
| 35 |  PC0000019Tradable North America PoS Lender SSTN | Credit | $1.00 | $80.0M ₩107.0B | – | Match0.0% |
| 36 |  GGBRGoldfish Gold | Commodities | $3.89 | $79.6M ₩106.5B | +0.54% | Mismatch+22.1% |
| 37 |  PC0000101Tradable NA Post-Settlement Legal Financing Receivables | Credit | $1.00 | $76.7M ₩102.6B | 0.00% | Mismatch-100.0% |
| 38 |  SPYXSP500 xStock | Stocks & ETFs | $754.10 | $74.8M ₩100.1B | +0.20% | Mismatch+75.1% |
| 39 |  PGOLDPleasing Gold | Commodities | $3,820 | $74.5M ₩99.6B | -1.35% | Match-0.0% |
| 40 |  QQQXNasdaq xStock | Stocks & ETFs | $673.55 | $73.6M ₩98.4B | +0.24% | Mismatch+47.7% |
| 41 |  MTBILLMidas mTBILL | U.S. Treasuries & MMFs | $1.08 | $72.9M ₩97.4B | -0.00% | Match-0.0% |
| 42 |  SNDKBSanDisk (bStocks Tokenized Stock) | Stocks & ETFs | $856.99 | $72.5M ₩97.0B | +1.20% | Match-0.0% |
| 43 |  PC0000049Tradable Eu/LatAm PoS Financing SSTL | Credit | $1.00 | $71.3M ₩95.3B | 0.00% | Match0.0% |
| 44 |  CRCLONCircle Internet Group (Ondo Tokenized Stock) | Stocks & ETFs | $58.15 | $69.0M ₩92.3B | -1.11% | Partial |
| 45 |  TSLAXTesla xStock | Stocks & ETFs | $386.53 | $68.6M ₩91.7B | +0.39% | Partial |
| 46 |  XAUMMatrixdock Gold | Commodities | $3,877 | $67.3M ₩90.0B | -0.12% | Partial |
| 47 |  GOOGLXAlphabet xStock | Stocks & ETFs | $291.92 | $66.2M ₩88.5B | +0.42% | Partial |
| 48 |  VEREMVerified Emeralds | Commodities | $25.46 | $63.6M ₩85.1B | +5.89% | Mismatch+1900.1% |
| 49 |  PC0000027Tradable LatAm BNPL SSTN | Credit | $1.00 | $60.3M ₩80.6B | 0.00% | Match0.0% |
| 50 |  IVVONiShares Core S&P 500 ETF (Ondo Tokenized ETF) | Stocks & ETFs | $762.60 | $59.4M ₩79.4B | – | Match+0.0% |
Values use the on-chain count only where it agrees with CoinGecko within 2%; otherwise CoinGecko.