Stellar’s market for tokenized real-world assets has expanded sharply in 2026, rising about 360% since the start of the year to nearly $4 billion. The network’s tokenized asset base now spans US Treasuries, private and public credit, and non-US government bonds.
The growth has been driven by several large issuers and accompanied by new institutional plans tied to tokenization infrastructure, while Stellar’s native token XLM has not reflected the same momentum in price terms.
Large issuers lead the 2026 increase
Among issuers on Stellar, Spiko held the largest tokenized asset footprint at $1.55 billion. It was followed by Realize with $559 million, Tradable with $548 million, Franklin Templeton with $546 million, and Ondo with $535 million.
The asset mix on the network includes tokenized US Treasuries as well as private and public credit products. The overall rise means Stellar’s RWA segment has grown to more than four times its level at the beginning of the year.
Non-US sovereign debt adds to the market
Stellar has also been building out a presence in tokenized sovereign debt outside the US. As of August 20, about $490 million of non-US government bonds had been issued on the network.
Those holdings include Mexico’s CETES and Brazilian government bonds issued through Etherfuse, showing that the platform’s tokenized asset activity is not limited to dollar-based products or US issuers.
DTCC and Tradable outline further expansion
Institutional participation is also increasing, according to the report. DTCC planned to connect its tokenization service to Stellar, a step tied to broader efforts to bring more conventional financial assets onto blockchain-based rails.
Assets linked to US Treasuries, major index ETFs, and Russell 1000 stocks are set to begin trading on the Stellar network in the first half of 2027. Separately, Tradable planned to onboard up to $1 billion in additional private credit assets onto Stellar.
Stablecoin growth contrasts with weaker XLM performance
Stellar has also seen activity in stablecoins. MoneyGram launched its dollar stablecoin, MGUSD, on Stellar in June, and reserve-backed stablecoins on the network now total about $438 million.
Even with the rise in tokenized assets and new issuance plans, Stellar Lumens has lagged behind the network’s operating growth. XLM was trading around $0.18, roughly 11% below where it started the year.
What comes next
The next confirmed milestones are tied to asset onboarding and trading launches already outlined in the report. Tradable has plans to add up to $1 billion in private credit, while trading in tokenized products linked to Treasuries, major index ETFs, and Russell 1000 stocks is scheduled for the first half of 2027.
For now, Stellar’s near-$4 billion RWA market shows that tokenized securities and credit products are becoming a larger part of the network, even as the market performance of its native token remains comparatively subdued.
Source: en.bloomingbit.io