Stellar's tokenized RWA market hits $4 billion, up 360% this year
- —Stellar RWAs grew to $3.996 billion from $868.8 million at end-2025
- —Spiko accounts for $1.55 billion, over a third of the network's RWA total
- —Stellar leads all chains in tokenized non-US sovereign debt at about $490 million
- —DTCC plans to connect its tokenization service to Stellar in H1 2027
Why it matters: Rising RWA volume has not lifted XLM, since holders of tokenized Treasuries need not buy the native token, and five issuers dominate the market.
Source: Crypto Briefing