TL;DR:
- Franklin Templeton and WisdomTree lead tokenized assets on Stellar, with BENJI reaching $496.3 million.
- Stellar expands its ecosystem with stocks, real estate, and international debt through Mercado Bitcoin, RedSwan, and Etherfuse.
- With support from Archax, Bitbond, and interoperability tools such as LayerZero and Axelar, Stellar strengthens its position as a bridge between traditional finance and DeFi, aiming to rival Ethereum and Solana in the global RWA market.
Stellar (XLM) is establishing itself as one of the leading platforms for real-world asset (RWA) tokenization, connecting traditional finance with the DeFi universe. According to an analysis by Messari, the network already hosts more than $533 million in tokenized assets and provides access to more than $3 billion in real-world instruments. In a context where the boundaries between the tangible and the digital are blurring, Stellar is emerging as a strategic bridge between both financial environments.
Stellar’s expansion into the tokenized asset economy
US Treasury bonds dominate Stellar’s RWA ecosystem, accounting for 94.8% of the market. Franklin Templeton tops the list with its BENJI token, launched in 2021, which has a market cap of $496.3 million and 906 holders. This asset represents holdings in the FOBXX government fund. It is followed by WisdomTree’s seven tokenized fund offerings and Ondo Finance’s USDY token, all designed to offer returns while maintaining compatibility with DeFi protocols.
However, the network goes beyond US bonds. WisdomTree has incorporated equity funds, while Mercado Bitcoin plans to tokenize $200 million in assets. RedSwan Digital has already tokenized $100 million worth of properties, and Etherfuse has done the same with Mexican and Brazilian debt through CETES and TESOURO funds. In the current landscape, Stellar is expanding its reach into sectors such as real estate, stocks, and commodities such as tokenized gold.
Messari highlights that this expansion is supported by a robust infrastructure. Regulated platforms such as Archax, 21X, Bitbond, Cashlink, and Tokenforge facilitate the issuance and secondary trading of assets. In addition, interoperability tools and oracles such as Band Protocol, Redstone, LayerZero, and Axelar enable seamless integration with DeFi. With low costs, regulatory compliance, and a solid infrastructure, Stellar is positioning itself as a key competitor to Ethereum and Solana in the global adoption of tokenized assets.
