TokenizedXonChain
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Tokenized equities · live
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Priced against their NAV right now, from the Ondo Global Markets feed.

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Tokenized stocksEvery name, its price against NAVOndo Global MarketsThe issuer, its book, xStocks comparedSportFiFan tokens, $CHZ and the Equity Token watchChiliz ChainBlocks, transfers and burns, liveFan tokensEvery Socios token on one boardThe OfficeYour desk, every panel
RWA on-chain · ex-stablecoins
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Measured asset by asset and sized sector by sector.

Open the Sector Tape →
Sector TapeThe whole tokenized market, one boardTokenized fundsBUIDL, Spiko and the restTreasuries & billsUSYC, BENJI, OUSG and moreCommoditiesTokenized gold, sized liveCreditPrivate credit on-chainMethodologyHow every figure is made
The Cube · latest
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Read The Cube →
The CubeEvery tokenization story, datedLearnDesk notes, answer firstGlossaryEvery term, defined plainly
CompareIssuers and wrappers side by sideAboutThe neutral desk, and whyContactPartners, press and builders
HomeThe desks, the registry, the Office and pricing

Markets

Tokenized equities · live
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Open the directory →
Tokenized stocksEvery name, its price against NAVOndo Global MarketsThe issuer, its book, xStocks comparedSportFiFan tokens, $CHZ and the Equity Token watchChiliz ChainBlocks, transfers and burns, liveFan tokensEvery Socios token on one boardThe OfficeYour desk, every panel

Data

RWA on-chain · ex-stablecoins
—
Open the Sector Tape →
Sector TapeThe whole tokenized market, one boardTokenized fundsBUIDL, Spiko and the restTreasuries & billsUSYC, BENJI, OUSG and moreCommoditiesTokenized gold, sized liveCreditPrivate credit on-chainMethodologyHow every figure is made

Research

The Cube · latest
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Read The Cube →
The CubeEvery tokenization story, datedLearnDesk notes, answer firstGlossaryEvery term, defined plainlyCompareIssuers and wrappers side by sideAboutThe neutral desk, and whyContactPartners, press and builders
PricingFree desks, Pro for the full Office
TOKENIZEDXONCHAIN

The Sector Tape

The Sector Tape

The tokenized market, sector by sector

Every real-world asset on-chain, sized asset by asset and placed in one sector by published rules. Stablecoins are the rails, never counted as assets. Below it, the classified registry of tokenized stocks.

RWA on-chain, ex-stables$34.64B— · 7d
Stablecoins (the rails)$305.32Bnot counted as RWA
Tokenized stocks priced451294 traded on-chain · 24h
Average gap to NAV+1.1 bpstokenized stocks
Active RWA · DefiLlama$31.79Bhigh $32.51B · Sep 8
equities$3.90B— · 7dfunds$16.74B— · 7dcredit$5.72B— · 7dcommodities$6.55B— · 7dtreasuries & bills$1.70B— · 7dSportFinot sizedno source covers it

Who issues it

largest issuers
  1. 1Securitizefunds$3.84B
  2. 2Tethercommodities$3.44B
  3. 3Franklin Templetonfunds$2.56B
  4. 4Spikofunds$2.52B
  5. 5Circlefunds$2.40B
  6. 6Ondofunds$2.33B
  7. 7Maplecredit$1.95B
  8. 8Paxoscommodities$1.79B
  9. 9Ondoequities$1.25B
  10. 10WisdomTreefunds$1.23B
  11. 11xStocksequities$912M
  12. 12Libearafunds$806M
  13. 13bStocksequities$761M
  14. 14Kinesiscommodities$748M
  15. 15Centrifugecredit$697M
  16. 16Hastracredit$653M
  17. 17Superstatetreasuries & bills$602M
  18. 18Tradablecredit$571M
  19. 19PACTcredit$563M
  20. 20Securitizeequities$498M
  21. 21Centrifugetreasuries & bills$340M
  22. 22Re Protocolcredit$310M
  23. 23OpenEdentreasuries & bills$294M
  24. 24OnRecredit$293M
  25. 25Midascredit$219M
  26. 26Spikotreasuries & bills$181M
  27. 27DigiFTfunds$164M
  28. 28Robinhoodequities$156M
  29. 29Midasfunds$151M
  30. 30Ondotreasuries & bills$134M
  31. 31R25credit$117M
  32. 32Realityequities$106M
  33. 33Superstatefunds$106M
  34. 34Accountable Capitalcredit$106M
  35. 35Goldfishcommodities$103M
  36. 36Securitizecredit$99M
  37. 37Accountable Capitalfunds$94M
  38. 38Mt Pelerinfunds$93M
  39. 39Auxitecommodities$91M
  40. 40Aktionariatfunds$88M

Tokenized treasury yields

3M T-bill 4.26%
  1. 1USDCmaple · Ethereum5.21% (+95 bps)
  2. 2USYCcircle-usyc · BSC3.51% (−75 bps)
  3. 3USDYondo-yield-assets · Ethereum3.70% (−56 bps)
  4. 4BUIDLblackrock-buidl · Aptos0.00% (−426 bps)
  5. 5BUIDLblackrock-buidl · Solana0.00% (−426 bps)
  6. 6USDTmaple · Ethereum5.33% (+107 bps)
  7. 7USDYondo-yield-assets · Stellar3.70% (−56 bps)
  8. 8USDGmaple · Ethereum4.98% (+72 bps)
  9. 9BUIDLblackrock-buidl · Avalanche0.00% (−426 bps)
  10. 10USDScentrifuge-protocol · Ethereum2.49% (−177 bps)
  11. 11USATcentrifuge-protocol · Ethereum4.51% (+25 bps)
  12. 12USDCcentrifuge-protocol · Avalanche4.51% (+25 bps)

The registry

classified by the desk

Every tokenized stock we watch, what the holder actually owns, the on-chain price and its gap to NAV. Below, one strand per wrapper: the sector of the company, the issuer and what you hold, and the chain it trades on.

Reading the registry…

Widest gaps to NAV

tokenized stocks
  1. 1ARQQonArqit Quantum Inc. Ordinary Shares+58 bps
  2. 2BBAIonBigBear.ai Holdings, Inc.+29 bps
  3. 3OIIonOceaneering International Inc.+26 bps
  4. 4TSLAonTesla, Inc. Common Stock+18 bps
  5. 5NATonNordic American Tanker−17 bps
  6. 6VCXonFundrise Innovation Fund, LLC+14 bps
  7. 7SOXSonDirexion Daily Semiconductor Bear 3X ETF−12 bps
  8. 8ALBonAlbemarle Corporation+12 bps
  9. 9LASRonnLIGHT, Inc. Common Stock+12 bps
  10. 10PENGonPenguin Solutions, Inc. Ordinary Shares+11 bps
  11. 11OKLOonOklo Inc.+11 bps
  12. 12CBRSonCerebras Systems Inc. Class A Common Stock+10 bps
  13. 13APLDonApplied Digital Corporation Common Stock+9.8 bps
  14. 14AAOIonApplied Optoelectronics, Inc.+9.2 bps
  15. 15COHRonCoherent Corp.+9.1 bps
  16. 16TQQQonProShares UltraPro QQQ+8.6 bps
  17. 17ARMonArm Holdings plc American Depositary Shares+8.5 bps
  18. 18ENPHonEnphase Energy, Inc.+8.3 bps
  19. 19USARonUSA Rare Earth, Inc. Class A Common Stock−8.0 bps
  20. 20SQQQonProShares UltraPro Short QQQ−7.8 bps
  21. 21AMConAMC ENTERTAINMENT HOLDINGS, INC.+7.6 bps
  22. 22UNGonUnited States Natural Gas Fund, LP Unit+7.4 bps
  23. 23SOXLonDirexion Daily Semiconductor Bull 3X ETF+7.4 bps
  24. 24CLFonCleveland-Cliffs Inc.+6.8 bps
  25. 25TERonTeradyne, Inc. Common Stock+6.8 bps
  26. 26VICRonVicor Corp+6.6 bps
  27. 27STXonSeagate Technology Holdings PLC Ordinary Shares (Ireland)+6.5 bps
  28. 28CLSonCelestica, Inc.+6.4 bps
  29. 29BAConBank of America Corporation+6.3 bps
  30. 30TMonToyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares)+6.1 bps

Biggest moves · 24h

tokenized stocks
  1. 1CLFonCleveland-Cliffs Inc.+16.61%
  2. 2AXTIonAXT Inc+12.61%
  3. 3UAMYonUnited States Antimony Corporation+10.90%
  4. 4MXLonMaxLinear, Inc. Common Stock+9.81%
  5. 5APLDonApplied Digital Corporation Common Stock+9.15%
  6. 6FORMonFormFactor Inc.+7.52%
  7. 7RMBSonRambus Inc+7.05%
  8. 8COHUonCohu Inc+6.84%
  9. 9SOXLonDirexion Daily Semiconductor Bull 3X ETF+6.75%
  10. 10SOXSonDirexion Daily Semiconductor Bear 3X ETF−6.70%
  11. 11SNDKonSandisk Corporation Common Stock+6.65%
  12. 12ACMRonACM Research, Inc. Class A Common Stock+6.53%
  13. 13KOPNonKopin Corp+6.45%
  14. 14ASTSonAST SpaceMobile, Inc. Class A Common Stock+6.24%
  15. 15GEMIonGemini Space Station, Inc. Class A Common Stock−6.23%
  16. 16PLTRonPalantir Technologies Inc. Class A Common Stock+6.18%
  17. 17MRVLonMarvell Technology, Inc. Common Stock+6.15%
  18. 18WDConWestern Digital Corp.+6.14%
  19. 19ALOYonREalloys Inc. Common Stock−5.62%
  20. 20MTSIonMACOM Technology Solutions Holdings, Inc+5.59%
  21. 21ENTGonEntegris Inc+5.55%
  22. 22VFSonVinFast Auto Ltd. Ordinary Shares−5.45%
  23. 23ICHRonIchor Holdings+5.35%
  24. 24AMZNonAmazon.Com Inc+5.30%
  25. 25PRIMonPrimoris Services Corporation+5.20%
  26. 26CIENonCiena Corporation+5.20%
  27. 27EWYoniShares MSCI South Korea ETF+5.09%
  28. 28INSWonInternational Seaways, Inc. Common Stock−5.07%
  29. 29NVTSonNavitas Semiconductor Corporation Common Stock+5.01%
  30. 30FIGRonFigure Technology Solutions, Inc. Class A Common Stock−5.00%

Equity perps, beside the tokens

Hyperliquid XYZ · 115 markets
Perps traded · 24h$3.66Ball XYZ markets
Open interest$3.79Bnotional
Tokenized stocks · 24h$11.8Mon-chain, every wrapper
  1. 1SNDK+1.9 bps vs Ondo · funding 5.5% a year$217.8M
  2. 2TSLA+18 bps vs Ondo · funding 5.5% a year$202.3M
  3. 3MU+5.3 bps vs Ondo · funding 5.5% a year$150.8M
  4. 4SOXL+6.0 bps vs Ondo · funding 5.5% a year$117.0M
  5. 5GOOGL−1.9 bps vs Ondo · funding 8.3% a year$109.0M
  6. 6NVDA+0.9 bps vs Ondo · funding 5.5% a year$95.3M
  7. 7INTC+4.0 bps vs Ondo · funding 5.5% a year$55.4M
  8. 8EWY−0.6 bps vs Ondo · funding 5.5% a year$45.1M
  9. 9META+2.1 bps vs Ondo · funding 6.3% a year$43.4M
  10. 10AMD−2.4 bps vs Ondo · funding 5.5% a year$31.2M
  11. 11AAPL−0.4 bps vs Ondo · funding 2.1% a year$30.7M
  12. 12CRCL+1.3 bps vs Ondo · funding 7.7% a year$29.6M
  13. 13CRWV−1.6 bps vs Ondo · funding 5.5% a year$28.6M
  14. 14AMZN+0.4 bps vs Ondo · funding 5.5% a year$24.8M
  15. 15MRVL+0.4 bps vs Ondo · funding 5.5% a year$24.5M
  16. 16NBIS−2.1 bps vs Ondo · funding 5.5% a year$23.0M
  17. 17CBRS+0.5 bps vs Ondo · funding 5.5% a year$22.5M
  18. 18MSFT+0.0 bps vs Ondo · funding 5.5% a year$22.4M
  19. 19MRNA+6.3 bps vs Ondo · funding -5.1% a year$16.2M
  20. 20RKLB−3.5 bps vs Ondo · funding 6.3% a year$9.7M
  21. 21MSTR+0.7 bps vs Ondo · funding 14.9% a year$8.9M
  22. 22PLTR+2.6 bps vs Ondo · funding -15.2% a year$7.2M
  23. 23HOOD−2.4 bps vs Ondo · funding 5.5% a year$6.8M
  24. 24IREN+7.8 bps vs Ondo · funding 5.5% a year$6.1M
  25. 25ORCL+4.2 bps vs Ondo · funding 5.5% a year$5.6M
  26. 26LITE−0.1 bps vs Ondo · funding -3.5% a year$5.6M
  27. 27WDC−3.3 bps vs Ondo · funding 5.5% a year$5.2M
  28. 28AVGO−0.7 bps vs Ondo · funding 5.5% a year$5.2M
  29. 29GME+4.4 bps vs Ondo · funding 0.2% a year$5.1M
  30. 30AAOI+0.0 bps vs Ondo · funding 5.5% a year$5.1M
  31. 31BE−2.1 bps vs Ondo · funding 5.5% a year$5.0M
  32. 32COIN+0.0 bps vs Ondo · funding 18.4% a year$4.3M
  33. 33DELL−1.4 bps vs Ondo · funding 5.5% a year$3.8M
  34. 34ARM+4.1 bps vs Ondo · funding 5.5% a year$2.6M
  35. 35AMAT−0.5 bps vs Ondo · funding 5.5% a year$2.6M
  36. 36TSM+2.0 bps vs Ondo · funding 14.8% a year$2.5M
  37. 37NFLX−1.2 bps vs Ondo · funding 5.5% a year$2.3M
  38. 38STRC−0.5 bps vs Ondo · funding -3.0% a year$2.0M
  39. 39ASML−0.3 bps vs Ondo · funding 10.7% a year$2.0M
  40. 40CVX−0.1 bps vs Ondo · funding -32.4% a year$1.4M
  41. 41QCOM−0.6 bps vs Ondo · funding 5.5% a year$1.3M
  42. 42BABA+0.9 bps vs Ondo · funding 5.5% a year$980K
  43. 43HIMS−4.4 bps vs Ondo · funding 5.5% a year$876K
  44. 44CRWD−3.6 bps vs Ondo · funding 17.0% a year$862K
  45. 45BOT−22 bps vs Ondo · funding 87.4% a year$750K
  46. 46LLY+1.2 bps vs Ondo · funding 5.5% a year$722K
  47. 47EWJ−1.0 bps vs Ondo · funding 10.0% a year$677K
  48. 48EWZ−5.8 bps vs Ondo · funding 5.5% a year$619K
  49. 49IBM−4.1 bps vs Ondo · funding 5.5% a year$550K
  50. 50NOW+3.0 bps vs Ondo · funding 5.5% a year$459K
  51. 51USAR−11 bps vs Ondo · funding 23.3% a year$455K
  52. 52TLT−3.0 bps vs Ondo · funding 5.5% a year$416K
  53. 53NOK+0.0 bps vs Ondo · funding 19.8% a year$316K
  54. 54LRCX+5.3 bps vs Ondo · funding 26.4% a year$297K
  55. 55NET+1.2 bps vs Ondo · funding 26.8% a year$243K
  56. 56GLW+0.7 bps vs Ondo · funding 51.9% a year$230K
  57. 57BMNR+0.1 bps vs Ondo · funding 12.4% a year$226K
  58. 58COST−2.1 bps vs Ondo · funding 5.0% a year$207K
  59. 59RIVN+8.1 bps vs Ondo · funding 5.5% a year$197K
  60. 60URNM−15 bps vs Ondo · funding 31.9% a year$138K
  61. 61RDDT+0.0 bps vs Ondo · funding -44.1% a year$74K
  62. 62UMC−1.3 bps vs Ondo · funding -1.7% a year$65K
  63. 63GEV+0.1 bps vs Ondo · funding 41.1% a year$53K

Perpetual futures on 63stocks that also have a tokenized version here, ranked by 24h volume. A perp pays the price move and nothing else: no share, no NAV, no redemption, and it trades around the clock. It is shown as another market pricing the same stock and is never added to the sector sizes. Read from Hyperliquid's public API.

Fund NAV, as the issuer publishes it

Superstate · daily
FundNAV30 days, a year12 monthsFund AUMOn-chain
USTB Short Duration US Government Securities Fund$11.2477 Oct 19+3.35%+3.56%$815M$602M
USCC Crypto Carry Fund$11.7958 Oct 19+5.48%+4.42%$196M$106M

NAV and assets under management as Superstate publishes them each business day (api.superstate.co). The return columns are NAV growth: the last 30 days scaled to a year, and the last 12 months; they are after the fund's fees. “On-chain” is what DefiLlama counts for the same fund on the chains it tracks; the fund's own figure covers every share outstanding, so the two differ by definition.