twenty47: the tokenized real-world-asset market, counted from the blockchains
Today, from the 30 September 2026 reading
- Tokenized real-world assets on public blockchains were worth $26.2B, up $26.7M (+0.1%) from the day before.
- The largest net flow, with every transaction behind it, was BlackRock BUIDL on Polygon: +$0 (0 subscriptions, 0 redemptions), with the day's dividend of $765 to 6 holders taken out first. Across all 3 fund-and-chain pairs we measure, the day netted +$0.
- The largest seven-day move was Spiko, +$1.64B (+164%) to $2.64B. Nearly all of it is its holdings on Stellar, which we were not counting a week earlier: new coverage, not new money.
$26.2B of real-world assets on public blockchains, 30 September 2026 Across 41 chains. +25.6% on the week, +19.6% on the month. How we know
82.5% counted by twenty47 directly from the blockchains $21.6B read from the tokens’ own on-chain records, the contracts, rather than taken from anyone’s report. How we know
49.6% on Ethereum mainnet, the largest chain $13.0B. The smaller networks that run on top of Ethereum are counted as their own chains here. How we know
Market size since 22 April 2021
Crossed $1B on 15 Apr 2023 and $10B on 17 Apr 2025, ×1.60 in the year since 30 Sep 2025.
The last 120 days
On Solana, Stellar, XRPL and Aptos we can only see today's balances, not past ones, so days before 27 Sep 2026 leave those chains out: the level before that mark is what could be seen, not what was there.
- 29 Sep 2026 BENJI on Stellar and Aptos. Franklin Templeton's BENJI, a fund no aggregator lists, completed its first day with the Stellar and Aptos holdings that make up most of it. New coverage, not new money. The series moved $996M that day. Source
- 28 Sep 2026 CFTC registers a USDC clearinghouse. The CFTC registered Coinbase Clearing LLC as a derivatives clearing organization, the first to take USDC as native collateral and settle around the clock, completing a regulated US derivatives stack that runs on a stablecoin. Source
- 28 Sep 2026 Spiko on Stellar, Centrifuge vaults. Spiko's nine Stellar share classes were read from Soroban contract storage and Centrifuge's pools from their ERC-4626 vaults, both for the first time. New coverage, not new money. The series moved $2.06B that day. Source
- 27 Sep 2026 First day counted from chain. The first day the headline was composed from this project's own contract reads, one source per protocol and chain. On Solana, Stellar, XRPL and Aptos we can only see today's balances, not past ones, so no earlier day includes those chains: the step is new coverage, not new money. The series moved $2.67B that day. Source
- 24 Sep 2026 Fed proposes stablecoin rules. The Federal Reserve Board asked for comment on two proposals under the GENIUS Act: issuers it supervises must back every token with short-term Treasury bills and similar assets, and hold capital against the operational and credit risk of doing so. Source
All 13 milestones
- 24 Sep 2026 CFTC allows tokenized customer funds. CFTC staff updated its crypto-asset FAQ: a futures broker or clearinghouse may invest customer funds in tokenized Treasuries and government money funds, provided the token carries the same rights as the traditional form and sits with an acceptable depository. Source
- 24 Sep 2026 UK banks settle in tokenised deposits. Barclays, HSBC UK, Lloyds, Monzo, Nationwide, NatWest and Santander completed the first live customer transactions in tokenised sterling deposits, two remortgage completions and a marketplace purchase, on the shared platform UK Finance convened. Source
- 17 Sep 2026 SEC defines a tokenized stock. The SEC issued an exemption letting venues trade tokenized NMS stock through automated market makers, and defined a tokenized stock as one carrying the same dividends, votes and residual claim as the share, which is the rights test the stocks page applies. Source
- 4 Sep 2026 Korea sets a tokenization roadmap. Korea's Financial Services Commission set a three-phase roadmap: tokenized securities gain legal recognition on 4 February 2027, then every publicly offered security may be issued as tokens, then on-chain payment linked to stablecoins. Source
- 9 Aug 2026 Counted from the contracts from here. 8 August is the first day the headline is counted from the contracts wherever we read them, with reported figures filling only what we have not read yet. From 9 August the aggregator's free feed no longer carried the largest protocols, so any value not yet in our registry fell out of the series until it was read from chain. A step in what we count, not money leaving. Source
- 19 Jan 2026 NYSE builds a tokenized platform. The New York Stock Exchange announced a blockchain-based platform for round-the-clock trading and instant settlement of tokenized securities, pending regulatory approval. Source
- 18 Jul 2025 GENIUS Act signed. The President signed S. 1582, the Guiding and Establishing National Innovation for U.S. Stablecoins Act, the first federal law regulating payment stablecoins and the reserves behind them. Source
- 20 Mar 2024 BlackRock launches BUIDL. BlackRock's first tokenized fund, the USD Institutional Digital Liquidity Fund, launched on Ethereum through Securitize: a money-market fund whose shares are tokens, paying its yield as new tokens each day. Source
Where to go next
- Flows money in and out, daily
- Chains where the assets sit
- Stocks what the token gives you
- Stablecoins what backs the dollar
- How we count how much we counted ourselves
- Methodology every assumption, every definition
- Glossary the words we use, defined