- Stellar’s RWA hosts over $500 million in RWA and grew 25% year-over-year, with BENJI being the main driver.
- Stellar’s anchor model connects blockchain and traditional finance, making it ideal for tokenizing assets such as money market funds, government bonds, and bonds.
Franklin Templeton’s Franklin On-Chain U.S. Government Money Fund (FOBXX) is a regulated U.S. mutual fund that has taken a pioneering step in integrating blockchain technology into traditional finance. Each share of the fund is represented by a BENJI token, issued and recorded on the Stellar blockchain.
This integration enables efficient on-chain transfers, increased transparency, and faster settlements compared to traditional systems.
According to Messari, the Stellar Network has seen significant growth as a hub for tokenized real-world assets. The platform reports that the network currently hosts $533.3 million in real world assets (RWA), excluding stablecoins, up 25% year over year.
At the Meridian Conference held in Rio de Janeiro in September this year, the Stellar Development Foundation (SDF) revealed that over $3 billion of real world assets (RWA), including stablecoins, are currently available on Stellar.
This growth is being driven by new issuers such as PayPal with its PYUSD stablecoin, Ondo Finance with tokenized U.S. Treasuries, Mercado Bitcoin with stocks and bonds, Centrifuge with government bonds and CLOs, and RedSwan Digital with $100 million of tokenized real estate on Stellar.
Mercado Bitcoin also revealed plans to issue $200 million in tokenized debt and equity products on the network. According to the Stellar Development Foundation, these assets are expected to be operational between November and December 2025.
Messari further explained that tokenized U.S. Treasuries dominate Stellar’s real-world asset landscape, accounting for 94.8% of the market, or $505.8 million, across 10 products. Public equities followed at 4.1% ($21.8 million), also spread across 10 issues, while non-U.S. government bonds accounted for 0.5% ($2.9 million) across two issues.
In September, Centrifuge, a pioneer in tokenizing real-world loans on Ethereum and Polkadot, expanded into Stellar with the launch of the deRWA token standard. This became the second fully DeFi configurable RWA service on the network after Etherfuse’s Stablebonds.
Why educational institutions choose Stellar
Stellar’s design directly addresses many of the operational, regulatory, and infrastructure challenges that institutions face, making it a highly attractive network for institutional real-world asset tokenization.
The report explains:
Stellar’s appeal lies in its near-zero transaction costs and ecosystem of purpose-built products, tools, and applications that people can use for everyday financial services.
A global network of anchors such as MoneyGram International provides on-ramps and off-ramps that connect Stellar to traditional financial rails, and Stellar Disbursements Platform (SDP) is a turnkey solution for sending digital payments.
Network-level features for assets include multi-signature accounts and authentication flags to control access, and Stellar’s asset sandbox includes no-code tools for publishing and managing assets.
Additionally, innovations such as the Stellar Asset Contract standard, Soroban smart contract platform, and fast block finality enable seamless compliance tools, revenue sharing, and composable DeFi integration. This background makes Stellar uniquely suited to host a wide range of RWAs.
We previously highlighted that Stellar is designed with a set of network-level features that support multi-signature accounts and approval flags, giving asset issuers fine-grained control over who can hold or transfer their tokens.
Additionally, Stellar’s Asset Sandbox provides code-free issuance and management tools, allowing institutions to quickly launch tokenized assets without the need for complex smart contract development.
Innovations like the Stellar Asset Contract standard, combined with the Soroban smart contract platform and fast block finality, enable streamlined compliance tools, automated revenue sharing, and smooth integration with DeFi protocols.
Supporting this ecosystem are major infrastructure providers such as Archax, 21X, Bitbond, Cashlink, and Centrifuge, which provide compliance solutions, interoperability layers, and institutional-level integrations. All these features make Stellar an ideal environment to host a variety of tokenized real-world assets.
