Stellar ($XLM), the blockchain co-founded by Jed McCaleb, leads in daily market capitalization growth for tokenized real-world asset (RWA) funds, according to Token Terminal data published by the RWA Foundation. In the 24 hours to Nov. 13, the market cap of tokenized funds on Stellar rose by $44.9 million, surpassing both Ethereum and Solana.
Over the same period, the market cap of tokenized funds on Solana, Ethereum and zkSync Era rose by $29 million, $10.8 million and $3.5 million, respectively.
Token Terminal ranks Stellar as the second-largest blockchain for tokenized funds, after Ethereum. Over the past year, the RWA market on Stellar has grown roughly sixfold to $4.67 billion, according to rwa.xyz. At press time, $XLM was priced at $0.1476.
The Stellar Development Foundation says Stellar was designed with the needs of banks and transfer agents in mind. Its compliance tools are built into the network’s base layer, allowing issuers to vet investors through trustlines, freeze accounts and claw back assets.
Transactions on Stellar settle in 3 to 5 seconds, and network fees amount to fractions of a cent. Users can also move funds to and from fiat currencies through local providers known on Stellar as anchors.
Franklin Templeton has used Stellar since 2021.
Franklin Templeton’s BENJI money market fund has operated on Stellar since 2021. It was the first U.S. mutual fund on a public blockchain.
Spiko, Ondo and WisdomTree are also building funds and tokenized U.S. Treasuries on Stellar. Spiko offers euro funds managed by Amundi, while Ondo has launched its USDY token on the network.
In May 2026, DTCC and the Stellar Development Foundation announced that the Depository Trust Company (DTC) would tokenize assets it holds in custody on Stellar. DTCC says DTC-tokenized assets are expected to become available on the network in the first half of 2027.
On Nov. 12, DTCC also announced plans to connect its tokenization service to Solana in the second half of 2027.
