BlackRock and Ondo Tokenize Whole Strategies as the RWA Market Nears $46B
Tokenized RWA market cap
$46B
Near end-Sept · 26x growth
24h onchain growth
$96.5M
Stellar leads at 37%
Tokenized credit market
$6.2B
Holders +12.1%
Tokenized equities YoY
+390.4%
$34.18B tracked
BlackRock and Ondo Tokenize Three Model Portfolios: Strategy-as-Token Opens a $9.8T Asset-Management Market
BlackRock has designed three model portfolios (high income, diversified growth, high growth) for Ondo Finance’s Intelligent Portfolios platform, and Ondo wraps each strategy into a single onchain token. Unlike tokenizing individual assets one by one, this move tokenizes an entire investment strategy: the portfolios blend stocks, bonds and Bitcoin ETFs, letting an investor hold one token for full portfolio exposure without manually building and rebalancing positions. The tokens can move between wallets and platforms, plug into financial applications, and be used as collateral onchain.
- Tokenized RWA market capitalization approaches $9B, with equities growing fastest in both holders and trading volume
- Broadridge data shows model portfolios managed roughly $9.8T in assets as of June — if even part of that moves onchain, asset-management distribution is reshaped
- Partners such as Mirae Asset (Korea) and SBI (Japan) will distribute the portfolio tokens across Asia, Europe and Australia to eligible non-US investors
Paradigm shift
From asset-onchain to asset-management-onchain, advancing in layers: stablecoins, assets, then strategies
Institutional signal
The world’s largest asset manager designs and endorses the strategies, a landmark embrace of onchain distribution
Headroom
If part of the $9.8T model-portfolio market migrates, the value of onchain asset-management rails is repriced
Sources: CoinPost · CryptoCompass · October 4, 2026
Stellar Captures 37% of Global 24h RWA Growth as Institutional Capital Concentrates at $48M per Project
RWA Foundation, citing Token Terminal, reports that tokenized RWA market cap across the top 10 blockchains grew by $96.5M in the last 24 hours, with $36.4M flowing to Stellar — 37% of the day’s global expansion and the top spot. Stellar and second-place BNB Chain (+$23.2M) together captured 62% of sector net inflows. Stellar hosts just 72 RWA projects, yet averages over $48M locked per initiative, far above Solana’s $1.4M average.
- Stellar’s distributed RWA assets reached $3.47B at the start of October, up 5.86% in 30 days, with monthly transfer volume +45% to $581.5M
- Liquidity is driven by large regulated funds: Spiko Amundi Overnight Swap Fund (€1.225B), Ondo U.S. Dollar Yield ($536.89M) and Franklin Templeton BENJI ($513.78M)
- Low transaction costs, Soroban smart contracts and built-in compliance are the core reasons institutions favor Stellar’s infrastructure
Capital structure
An institution-led, high-concentration network contrasts sharply with retail-facing, dispersed networks
Network activity
Ledger peaked at 217.4 TPS; DeFi TVL $273M; stablecoin market cap $409.9M with $10.1B in 30-day transfer volume
Sector position
Stellar is shifting from a payments chain to institutional-grade RWA infrastructure, differentiating against focused networks
Sources: EconoTimes · Crypto News · October 4, 2026
RWA Foundation: Tokenized Credit Market at $6.2B, Holders +12.1% to 28,840 as Participation Outpaces Market Cap
RWA Foundation published a quarterly report on October 4: the tokenized credit market stands at $6.2B, down 2.8% from $6.35B on July 3, but unique holder addresses rose 12.1% to 28,840. The report tracks 64 assets from 13 issuers across 16 blockchains. Concentration remains the defining feature: Tradable holds 36.9%, Maple Finance 23.5% and Centrifuge 9.9%, with the top three exceeding 60% combined.
- Maple posted the biggest market-cap drop (-$402.7M) yet added 2,160 holders, roughly 69% of net sector growth; Hastra and USDai together added $372.5M
- Fastest-growing assets over 90 days: Hastra PRIME (+$195.9M), USDai sUSDai (+$176.7M), Maple syrupUSDG (+$135.6M)
- Holder growth alongside a market-cap dip points to a broadening participant base and a healthier, post-de-leveraging structure
Concentration risk
Tradable and Maple hold over 60% of the market; distress at either issuer would ripple across the sector
Structural note
64 assets spread across 16 chains means fragmented liquidity, a potential bottleneck for large entries and exits
Positive signal
Holders +12.1% shows broadening adoption; addresses are not people, so read as a directional indicator
Sources: CryptoCortex · October 4, 2026
Binance Research: Tokenized Assets Hit $34.18B as Equities Jump 390.4% and the Capital Activation Rate Climbs to 7.54%
Binance Research tracking shows the tokenized RWA market reached $34.18B in September, with equities up 390.4% year-to-date and representing 13% of tracked RWA assets. Despite the rapid growth, the $4.43B in tokenized equities equals just 0.0029% of the $151.9T listed-equity reference market. The more telling metric is the Capital Activation Rate: it rose to 7.54% on September 15, up from 1.95% at the start of 2026 — meaning onchain assets are increasingly being deployed into lending, liquidity pools and collateral markets.
- Liquidity pools hold 65.4% of deployed equity value and lending accounts for another 28.1%, as tokenized capital finds real financial use
- Binance Research’s conservative, base and bull scenarios put tokenized equities at $61B, $349B and $987B by 2030 respectively
- The SEC’s September 17 five-year “innovation exemption” opens a limited compliant path for tokenized-stock venues, restricted to genuine rights and excluding synthetic products
Activation inflection
Capital activation jumped from 1.95% to 7.54%, moving onchain assets from holding toward usage
Penetration reality
At 0.0029% penetration, even the base case is just 0.23%, leaving enormous long-term headroom
Regulatory support
The SEC innovation exemption plus exchange 24/7 tokenized-stock plans together sketch a maturing compliant path
Sources: CryptoNews · October 1, 2026
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