Stellar (XLM) led 24-hour tokenized fund growth, ahead of Solana and Ethereum, according to Token Terminal data. Its RWA market has grown roughly sixfold over the past year, and institutions including Franklin Templeton and DTCC are building on the network.
The market cap of tokenized funds on Stellar rose by $44.9 million over the 24 hours to Nov. 13, according to Token Terminal data published by the RWA Foundation. That put the blockchain co-founded by Jed McCaleb ahead of both Ethereum and Solana in daily growth for tokenized real-world asset funds.
Solana, Ethereum and zkSync Era trailed with increases of $29 million, $10.8 million and $3.5 million, respectively, over the same period.
Stellar ranks second for tokenized funds
Stellar is currently the second-largest blockchain for tokenized funds after Ethereum, according to Token Terminal. However, the RWA market on Stellar has grown roughly sixfold over the past year to $4.67 billion, according to rwa.xyz. At press time, XLM traded at $0.1476.
According to the Stellar Development Foundation, the network was designed with the requirements of banks and transfer agents in mind. Compliance tools sit in the base layer, so an issuer can vet investors through trustlines, freeze accounts and claw back assets.
Franklin Templeton, Ondo and DTCC build on the network
Franklin Templeton's BENJI money market fund has run on Stellar since 2021, and it was the first U.S. mutual fund on a public blockchain. Spiko, Ondo and WisdomTree are also building their own funds and tokenized U.S. Treasuries on the network.
In May 2026, DTCC and the Stellar Development Foundation announced that the Depository Trust Company will tokenize the assets it holds in custody on Stellar. According to DTCC, those assets are expected to become available on the network in the first half of 2027.
Separately, on Nov. 12, DTCC announced it will connect its tokenization service to Solana in the second half of 2027.
Source: U.Today
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