Stellar’s tokenized real-world asset market reached $3.996 billion as of Aug. 29, 2026, after climbing roughly 360% from $868.8 million at the end of 2025. The network reported crossing $1 billion in January, $2 billion in April and $3 billion in June, showing an accelerating expansion across tokenized U.S. Treasurys, private and public credit, non-U.S. government debt and other asset classes.
Issuer data shows meaningful concentration among large participants. Spiko accounted for about $1.55 billion of Stellar’s RWA value as of Aug. 27, followed by Realiz at $559 million, Tradable at $548 million, Franklin Templeton at $546 million and Ondo at $535 million. Stellar also held roughly $490 million in tokenized non-U.S. government debt as of Aug. 20, including Mexican CETES and Brazilian government bonds issued through Etherfuse.
Institutional adoption is a key driver. DTCC announced plans in May to connect its tokenization service to Stellar, with DTC-tokenized assets expected to become available during the first half of 2027. Tradable separately announced plans to bring as much as $1 billion in private credit assets to Stellar. Stablecoin transfer volume on Stellar also reached an all-time high of $11.4 billion in Q2 2026, up 72% quarter over quarter.
Despite the on-chain growth, XLM has not reflected the same momentum. The token trades near $0.18, consolidating above its 50-day exponential moving average around $0.1781. The 14-day RSI stands near 52, indicating neutral momentum. Resistance sits around $0.19-$0.20, while a break below $0.178 could put the mid-August region near $0.16 back into focus. XLM was down roughly 11% year to date even as Stellar’s tokenized RWA market expanded more than fourfold, widening the divergence between network adoption and native-token performance.
