twenty47: the tokenized real-world-asset market, counted from the blockchains
Today, from the 29 September 2026 reading
- The market read $26.2B, up $996M (+4.0%) on the day. $441M of that is 2 legs counted for the first time, Franklin Templeton BENJI on Stellar and Aptos: coverage, not flow.
- The largest net flow measured to the transaction was BlackRock BUIDL on Ethereum: −$826K (0 subscriptions, 1 redemption), with the day's dividend of $19K to 32 holders taken out first. Across all 17 measured legs the day netted −$822K.
- The largest seven-day move was Spiko, +$1.66B (+167%) to $2.65B. Nearly all of it is a leg with no reading a week earlier (Stellar): coverage, not inflow.
$26.2B of real-world assets on public blockchains, 29 September 2026 Across 41 chains. +24.5% on the week, +19.4% on the month. How we know
82.5% counted by twenty47 from the contracts $21.6B read from the chains; the rest from reported figures until we read it. How we know
49.6% on Ethereum mainnet, the largest chain $13.0B. Its rollups are counted as their own chains here. How we know
Market size since 22 April 2021
Daily total across every chain we track. Crossed $1B on 15 Apr 2023 and $10B on 17 Apr 2025; ×1.65 in the year since 29 Sep 2025. Brass marks are steps in what we can see, not money moving; each is dated and sourced below.
The last 120 days
Before 27 Sep 2026 the Solana, Stellar, XRPL and Aptos legs are absent (read at head only), so the level before that mark is what could be seen, not what was there.
- 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
- 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
- 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
- 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 can see, not an outflow. The series moved −$5.82B that day. 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
- 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
- 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
- 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 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
- 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. Solana, Stellar, XRPL and Aptos legs are read at head only, so no earlier day carries them: the step here is coverage, not flow. The series moved $2.67B that day. 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. Coverage, not flow. The series moved $2.06B 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
- 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 legs that hold most of it. Coverage, not flow. The series moved $996M that day. Source
Where to go next
- Flows: what came in and went out, per token per day, to the transaction.
- Chains: which blockchains hold the assets, with and without Ethereum’s rollups.
- Stocks: what exists, what it is worth, what the token actually gives you.
- Stablecoins: what backs the dollar stablecoins, from the issuers’ own attestations.
- How we count: how much of the total we counted ourselves, and how that is checked.
- Methodology: every definition, every assumption, what is still unmeasured.
- Glossary: the twelve words this site uses.