Stellar hits $2B in tokenized RWAs as Bermuda, DTCC, Figure build on-chain

Stellar's network crossed $2 billion in tokenized real-world assets, placing it among the leading blockchains for institutional-grade RWA issuance.

Stellar's network surpassed $2 billion in tokenized real-world assets on June 13, as institutional partners including Bermuda, the Depository Trust & Clearing Corp. and Figure expand their on-chain deployments.

"Stellar's architecture was designed for asset issuance and settlement from day one, which is why we're seeing traditional financial institutions choose it for tokenization," said Denelle Dixon, CEO of the Stellar Development Foundation.

The milestone places Stellar among a small group of blockchains — alongside Ethereum and Polygon — that have crossed the $1 billion threshold for tokenized RWAs, according to data from RWA.xyz. The network's native token XLM traded at $0.3245 as of 14:00 UTC, up 4.2% in the past 24 hours, with trading volume of $187 million, per CoinGecko.

The broader tokenized asset market is projected to reach $5.5 trillion by 2030 in a base case scenario, according to a June 2026 report by the Citi Institute, with McKinsey estimating $2 trillion to $4 trillion within the same timeframe. Stellar's push into RWAs positions it to capture a share of that growth as institutions seek blockchain infrastructure for settling real-world assets.

Bermuda's government has been a key partner, using Stellar for its digital currency initiatives and regulatory sandbox programs. DTCC, which clears the majority of US securities trades, has explored Stellar's network for collateral mobility and settlement efficiency. Figure, the fintech company behind the Provenance blockchain, has integrated with Stellar for tokenized loan origination and secondary trading.

The $2 billion figure encompasses tokenized versions of US Treasuries, money market fund shares, and other fixed-income instruments issued on Stellar, according to RWA.xyz. Liquid, government-backed instruments dominate the RWA tokenization sector because they offer immediate efficiency gains with lower regulatory friction, mirroring a pattern seen across Ethereum and Solana.

The development comes as the tokenization sector gains momentum from regulatory clarity. The GENIUS Act, passed in July 2025, established a federal framework for stablecoins in the US, prompting over 1,500 banks to integrate stablecoin capabilities. Visa and Mastercard now support USDC settlement directly on their card-payment networks, while a consortium including Citi and Wells Fargo is exploring a joint stablecoin initiative for cross-border transfers.

Stablecoin transaction values reached $33 trillion globally in 2025, according to data from Artemis Analytics, underscoring the scale of on-chain settlement activity. Stablecoins comprised 30% of all on-chain crypto transaction volume in early 2025, per TRM Labs.

For Stellar, the RWA milestone signals a shift from its early focus on cross-border payments toward a broader role as a settlement layer for institutional-grade assets. The network's low transaction costs — fractions of a cent per operation — and built-in compliance features, including support for the Stellar Asset Issuance and Management framework, make it attractive for regulated issuers.

The question now is whether Stellar can sustain its momentum as competition intensifies. Ethereum hosts over $80 billion in tokenized assets across its ecosystem, while Solana and Polygon are also vying for institutional RWA flows. Stellar's path to differentiation lies in its focus on regulated, compliant issuance from day one — a strategy that appears to be resonating with partners like DTCC and Bermuda.

This article is for informational purposes only and does not constitute investment advice.