According to data published by the RWA Foundation and compiled by Token Terminal, the blockchain Stellar (XLM), co-founded by Jed McCaleb, has become the leading network in daily market capitalization growth for tokenized real-world asset (RWA) funds.
Over the 24 hours ending November 13, the market capitalization of tokenized funds on Stellar increased by $44.9 million, surpassing Ethereum and Solana.
During the same period, the market capitalization of tokenized funds on Solana, Ethereum, and zkSync Era increased by $29 million, $10.8 million, and $3.5 million, respectively.
According to Token Terminal data, Stellar is currently the second-largest blockchain for tokenized funds after Ethereum. Data from rwa.xyz shows that over the past year, the RWA market size on Stellar has grown approximately sixfold to $4.67 billion. At the time of writing, the price of XLM is $0.1476.
The Stellar Development Foundation states that Stellar was designed with the needs of banks and transfer agents in mind. In this context, compliance tools are built into the network’s foundational layer, allowing issuers to vet investors, freeze accounts, and reclaim assets through trustlines.
Transactions on Stellar settle in 3 to 5 seconds, with network fees of just a fraction of a cent. Additionally, users can transfer funds between fiat and on-chain assets through local service providers known as anchors within the Stellar ecosystem.
Franklin Templeton has been using Stellar since 2021.
Franklin Templeton's BENJI money market fund has been operating on Stellar since 2021 and is the first U.S. mutual fund deployed on a public blockchain.
Currently, Spiko, Ondo, and WisdomTree are also building their own funds and tokenized U.S. Treasury products on Stellar. Spiko offers euro-denominated funds managed by Amundi, while Ondo has already launched its USDY token on the network.
In May 2026, DTCC and the Stellar Development Foundation announced that the Depository Trust Company (DTC) will tokenize its custodied assets on Stellar. According to DTCC, DTC’s tokenized assets are expected to launch on the network in the first half of 2027.
On November 12, DTCC also announced that it will connect its tokenization services to Solana in the second half of 2027.
