Key Takeaways
- • Stellar led year-to-date growth in tokenized funds in 2026, adding roughly $2.5–2.6 billion in market cap, narrowly ahead of BNB Chain at $2.4 billion, according to Whale Watch data.
- • Stellar ranks third globally with $2.75 billion in tokenized real-world assets (RWA), while XLM remained down 36% year over year.
- • Stellar held about $490 million in tokenized non-US government debt as of August 20, surpassing Ethereum and any other public blockchain in that category, per reporting cited in the cluster.
- • Stellar captured roughly 37% of global 24-hour RWA inflows, with $36.4 million going to the network, according to RWA Foundation citing Token Terminal.
- • Franklin Templeton's BENJI, with $605 million on Stellar as of October 6, 2026 (rwa.xyz), anchors the network's issuer base alongside Spiko, Ondo's USDY, and WisdomTree.
Summary
Stellar has emerged as the leading public blockchain for tokenized fund growth in 2026, according to multiple reports compiled from Whale Watch data and other industry trackers. Whale Watch data show the network added $2.6 billion in tokenized fund value year to date, slightly ahead of BNB Chain at $2.4 billion. A separate breaking-news item put the figure at $2.5 billion in market capitalization added year to date, so the precise total varies by source and measurement date.
Industry data also place Stellar third globally in tokenized real-world assets, with $2.75 billion on the network. Reporting cited by RWA Foundation, drawing on Token Terminal, indicates the network captured about 37% of global 24-hour RWA inflows, equal to $36.4 million. Stellar's own materials cite $4 billion in tokenized RWAs as of September 1, 2026, across 67 tokenized products and 10 regulated issuers. Despite these gains, XLM was reported down 36% year over year, and coverage noted that the token has lagged XRP in recent trading.
In tokenized government debt, one report said Stellar held roughly $490 million in tokenized non-US government debt as of August 20, having led public blockchains in this category since February and surpassed Ethereum.
The network's issuer base features several named products. Franklin Templeton's BENJI, described as the first U.S.-registered mutual fund to use a public blockchain as its system of record, held $605 million on Stellar as of October 6, 2026, per rwa.xyz. Spiko issues tokenized money market funds on Stellar, including SAFO, which is managed by Amundi; Stellar's materials cite $1.7 billion for Spiko. Ondo's USDY, a Treasury-backed token, also runs on the network, and WisdomTree requires issuer approval on each transfer of its digital funds.
On the ecosystem side, the Stellar Development Foundation invested in Archax to expand real-world asset tokenization on the chain. Denelle Dixon, CEO of the Stellar Development Foundation, has discussed the network's privacy strategy and the role of tokenization in its roadmap. Figures and rankings are drawn from third-party trackers and vendor materials and may differ by methodology and timing.
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Industry data also place Stellar third globally in tokenized real-world assets, with $2.75 billion on the network. Reporting cited by RWA Foundation, drawing on Token Terminal, indicates the network captured about 37% of global 24-hour RWA inflows, equal to $36.4 million. Stellar's own materials cite $4 billion in tokenized RWAs as of September 1, 2026, across 67 tokenized products and 10 regulated issuers. Despite these gains, XLM was reported down 36% year over year, and coverage noted that the token has lagged XRP in recent trading.
In tokenized government debt, one report said Stellar held roughly $490 million in tokenized non-US government debt as of August 20, having led public blockchains in this category since February and surpassed Ethereum.
The network's issuer base features several named products. Franklin Templeton's BENJI, described as the first U.S.-registered mutual fund to use a public blockchain as its system of record, held $605 million on Stellar as of October 6, 2026, per rwa.xyz. Spiko issues tokenized money market funds on Stellar, including SAFO, which is managed by Amundi; Stellar's materials cite $1.7 billion for Spiko. Ondo's USDY, a Treasury-backed token, also runs on the network, and WisdomTree requires issuer approval on each transfer of its digital funds.
On the ecosystem side, the Stellar Development Foundation invested in Archax to expand real-world asset tokenization on the chain. Denelle Dixon, CEO of the Stellar Development Foundation, has discussed the network's privacy strategy and the role of tokenization in its roadmap. Figures and rankings are drawn from third-party trackers and vendor materials and may differ by methodology and timing.
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