Stellar hosts over $533 million in real-world assets excluding stablecoins, up 25% year-over-year, with Franklin Templeton's BENJI money market fund leading at $496 million. The network now provides access to $3 billion in total RWAs including tokenized treasuries, equities, bonds, and real estate from issuers like Ondo, Mercado Bitcoin, and Centrifuge.
As of September 2025, Stellar has become a leading platform for real-world asset issuance, hosting $533.3 million in RWAs excluding stablecoins, representing 25% year-over-year growth. Franklin Templeton's BENJI token, the first regulated money market fund on blockchain launched in April 2021, dominates with $496.3 million and 93.1% market share. The Stellar Development Foundation announced $3 billion in total RWAs now available on the network, including new offerings from PayPal (PYUSD stablecoin), Ondo Finance (U.S. Treasuries), Mercado Bitcoin (tokenized equities and bonds), Centrifuge (wrapped Treasuries and CLOs), and RedSwan Digital (tokenized real estate). Tokenized U.S. Treasuries represent 94.8% of Stellar's RWA market, followed by public equities at 4.1%. The network's appeal stems from near-zero transaction costs, purpose-built infrastructure including Anchors and the Disbursement Platform, and technical innovations like Soroban smart contracts enabling compliance tooling and DeFi composability.
