Best of · Ethereum · Updated
The best Real-World Assets dApps on Ethereum in 2026
We track 48 Real-World Assets dApps that run on Ethereum and have reviewed 43 of them in full. Our top pick is OpenTrade. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
OpenTrade
Real-World Assets · Avalanche, Ethereum, Plume
OpenTrade is stablecoin yield infrastructure that lets fintechs and digital asset platforms offer real-world-asset-backed yield products. It targets businesses first, and its main strength is a legal and operational wrapper around RWA yield.
ScoreScore 7.4 out of 10TVL $246M−0.4% - 2
Brickken
Real-World Assets · BNB Chain, Ethereum, Base +2
Brickken is a tokenization platform that lets companies issue and manage tokens backed by real-world assets, with built-in KYC/KYB and compliance tools. It targets institutions and issuers, not casual DeFi users.
ScoreScore 7.4 out of 10TVL $42.4M−0.0% - 3
VNX
Real-World Assets · Ethereum, Polygon, Solana +3
VNX issues fully backed Swiss franc and British pound stablecoins and a tokenized gold product under a Bermuda Monetary Authority licence. It suits users who want non-USD or physical-metal exposure onchain, with fee details left to the platform.
ScoreScore 7.4 out of 10TVL — - 4
Paxos Gold
Real-World Assets · Ethereum
Pax Gold (PAXG) is an Ethereum token that represents one fine troy ounce of LBMA-standard gold held in London vaults by Paxos Trust Company. It suits people who want gold exposure on-chain, with the main caveat being reliance on a single regulated custodian.
ScoreScore 7.4 out of 10TVL — - 5
Sky RWA
Real-World Assets · Ethereum
Sky RWA tracks the real-world-asset collateral that backs part of the Sky (formerly Maker) protocol on Ethereum. It is a collateral type, not a standalone app, and its risks come from off-chain counterparties as much as from code.
ScoreScore 7.1 out of 10TVL $61.2M−5.8% - 6
Anemoy Capital
Real-World Assets · Ethereum, Base, Celo
Anemoy is a web3-native asset manager built on Centrifuge that offers tokenized funds holding Treasuries, AAA CLOs and an S&P 500 index exposure. It suits eligible investors who want regulated-style real-world assets onchain, but access terms and fees are not clear from public pages.
ScoreScore 7.0 out of 10TVL $102M−0.4% - 7
Usual USD0
Real-World Assets · Ethereum
Usual is an Ethereum-based protocol whose USD0 stablecoin is backed by tokenized US Treasury bills, with revenue shared with users through the USUAL token. Its model differs from standard fiat stablecoins, but stablecoin and smart-contract risks still apply.
ScoreScore 7.0 out of 10TVL $82.0M−1.3% - 8
IXS
Real-World Assets · Ethereum, Base, Polygon +3
IXS is a Bahamas DARE Act-registered platform that turns real-world assets such as bonds and pre-IPO shares into onchain vaults that accept stablecoins. It is a credible regulated-RWA effort, but its TVL figures differ by source and some vaults are institution-only.
ScoreScore 7.0 out of 10TVL $85.9K−3.1% - 9
Midas
Real-World Assets · Ethereum
Midas is a tokenization platform that packages professionally managed investment strategies as mTokens, which can be held and used across DeFi. It reports over $700M in TVL and a $50M Series A, but fees and audits are not published in the material reviewed.
ScoreScore 7.0 out of 10TVL — - 10
Tangible RWA
Real-World Assets · Polygon, Arbitrum, Optimism +2
Tangible is a tokenization protocol and marketplace for real-world assets, including real estate and US Treasury-backed tokens. It shows about $42 million in TVL, but yields depend on off-chain assets and public sources leave fees and redemption terms unstated.
ScoreScore 6.8 out of 10TVL $41.9M−0.3% - 11
Boson Protocol
Real-World Assets · Polygon, Ethereum, Base +2
Boson Protocol is an escrow and commitment protocol for exchanging physical, digital and tokenised real-world assets, now pitched at AI-agent commerce. Its TVL is small, so treat it as an early infrastructure project.
ScoreScore 6.8 out of 10TVL $230K−0.1% - 12
Propy
Real-World Assets · Ethereum
Propy is a Miami-based proptech company offering AI-assisted title and escrow for real estate, with blockchain used as supporting infrastructure. It suits agents and buyers who want fast closings, though pricing and audit details are not published.
ScoreScore 6.8 out of 10TVL — - 13
Sierra Protocol
Real-World Assets · Ethereum, Avalanche, Plume
Sierra Protocol is a vault protocol that routes deposits into real-world assets and DeFi strategies, with a liquid yield token called SIERRA. It suits yield seekers who accept RWA counterparty risk, and the public details on fees and partners are limited.
ScoreScore 6.6 out of 10TVL $36.7M−7.1% - 14
KAIO
Real-World Assets · Sei, Immutablezkevm, Aptos +11
KAIO, formerly Libre Capital, tokenises institutional funds from managers such as BlackRock and Brevan Howard and makes them usable across many chains. Access is restricted to onboarded accredited and institutional investors, so it is not a general retail product.
ScoreScore 6.5 out of 10TVL $34.7M−10.5% - 15
Frigg.eco
Real-World Assets · Ethereum
Frigg.eco is a Swiss renewable energy finance platform that connects project developers with investors, using blockchain for traceability. It looks more like fintech software than a typical DeFi app, and its on-chain footprint is small.
ScoreScore 6.5 out of 10TVL $183K0.0% - 16
Nawa Protocol
Real-World Assets · ZIGChain, Ethereum, Core
Nawa Protocol is a Shariah-compliant yield protocol that issues onchain vault shares for stablecoin deposits, with yield from remittance financing and private credit. It suits users who want halal-oriented stable yield and accept real-world credit risk.
ScoreScore 6.4 out of 10TVL $4.04M+0.1% - 17
GAIB
Real-World Assets · Ethereum
GAIB is a financial layer for AI infrastructure. It issues AID, a synthetic dollar minted 1:1 with USDC, and sAID, a staked version that earns yield linked to GPU and compute assets.
ScoreScore 6.4 out of 10TVL — - 18
Theo Network thBill
Real-World Assets · Ethereum, Stable, Arbitrum +3
thBILL is Theo's yield-bearing basket of tokenized U.S. Treasury bills from regulated issuers, available on six chains. It suits users who want Treasury exposure onchain, but audits and fee terms are not published.
ScoreScore 6.3 out of 10TVL $6.09M−48.4% - 19
eva Markets
Real-World Assets · Ethereum
eva Markets wraps a single lending position into a portable ERC20 token, such as evaUSD minted with USDC. It offers clear, isolated exposure to one borrower, but yields, fees and borrower details are not published on the homepage.
ScoreScore 6.3 out of 10TVL $4.97M−1.9% - 20
CANA Holdings California Carbon Credits
Real-World Assets · Ethereum
CANA is an ERC-20 token on Ethereum that gives on-chain exposure to California Carbon Allowances, issued through the Maseer RWA platform. It is a niche, small-liquidity product that suits users who want a regulated commodity in DeFi.
ScoreScore 6.3 out of 10TVL $608K−32.0% - 21
Alcum
Real-World Assets · Ethereum
Alcum is a Swiss platform that offers exposure to a copper trading business through stored physical copper, a copper loan and a tokenised certificate. It suits eligible investors who accept counterparty and trading risk.
ScoreScore 6.3 out of 10TVL $239K0.0% - 22
Zivoe
Real-World Assets · Ethereum, Pharos, Base +8
Zivoe is a KYC-gated private credit platform that gives stablecoin holders exposure to curated real-world lending strategies through on-chain vaults. It is a small, early-stage product with clear redemption terms but real credit and liquidity risk.
ScoreScore 6.3 out of 10TVL $3.04K0.0% - 23
KUMA Protocol
Real-World Assets · Ethereum, Linea, Polygon +1
KUMA Protocol issues interest-bearing ERC-20 tokens backed by regulated NFTs that represent tokenized sovereign bonds. It offers on-chain exposure to bond yield, but depends heavily on a single NFT issuer.
ScoreScore 6.2 out of 10TVL $3.07M+0.1% - 24
ZTLN-P
Real-World Assets · Ethereum
ZTLN-P is Zoth's Prime tokenized liquid note, an Ethereum-based RWA product backed by US Treasury ETFs and money market funds. It suits yield seekers who accept issuer and custody risk, but the terms are thinly published.
ScoreScore 6.0 out of 10TVL $2.20M−0.0% - 25
Solv Vesting
Real-World Assets · Ethereum, BNB Chain, Polygon +1
Solv Vesting is the part of Solv Protocol that turns token vesting and custom bonds into tradable on-chain vouchers. Its own TVL is tiny, and most of the brand's attention has moved to Bitcoin products.
ScoreScore 6.0 out of 10TVL $21.6K−6.6%
Real-World Assets dApps on Ethereum: the numbers
- Tracked
- 48
- Reviewed
- 48
- Total TVL
- $752M
- Avg. score
- 6.1/10
The DappsAtlas index lists 48 real-world assets dApps on Ethereum. Every one of them has a full review. Across the 31 with TVL data, the combined value locked is $752M, counting value on every chain they support. OpenTrade is the clear leader, holding 33% of it. The five largest make up 73% of the total; the median is $2.20M.
Ranked by TVL, OpenTrade ($246M), Anemoy Capital ($102M) and Usual USD0 ($82.0M) lead the field. The best-rated is OpenTrade with 7.4/10, followed by Brickken (7.4) and VNX (7.4). That makes OpenTrade both the biggest and the best-rated. The 41 rated real-world assets dApps average 6.1/10, and none scores 8 or above yet.
Beyond Ethereum, these real-world assets dApps most often also run on Base (12), Polygon (9) and Arbitrum (9). Of the 41 with a confirmed status, 40 are active and 1 is inactive or wound down. In the past week, total value locked fell 3.3%. Nawa Protocol gained the most (+0.1%), while Theo Network thBill dropped the most (−48.4%).
Largest by TVL
- 1
OpenTrade$246M
- 2
Anemoy Capital$102M
- 3
Usual USD0$82.0M
- 4
Sky RWA$61.2M
- 5
stUSDT$56.2M
Highest rated
- 1
- 2
Brickken7.4
- 3
VNX7.4
- 4
Paxos Gold7.4
- 5
Method
How we ranked them
Reviewed dApps come first. Each DappsAtlas review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.
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Frequently asked questions
What is the largest real-world assets dApp on Ethereum by TVL?
OpenTrade is the largest real-world assets dApp on Ethereum by total value locked, with $246M across all the chains it supports. It is followed by Anemoy Capital ($102M) and Usual USD0 ($82.0M). TVL figures come from DefiLlama and change daily.
Which real-world assets dApp on Ethereum has the highest DappsAtlas score?
How many real-world assets dApps on Ethereum has DappsAtlas reviewed?
DappsAtlas tracks 48 real-world assets dApps on Ethereum. Of these, 48 have a full review and 31 report value locked, $752M in total, counting value on every chain they support.
Which real-world assets dApps on Ethereum grew the most this week?
Among real-world assets dApps with at least $1M locked, Nawa Protocol had the biggest 7-day TVL gain (+0.1%) and Theo Network thBill the biggest drop (−48.4%). Combined TVL moved −3.3% over the same seven days.
What is the average score for real-world assets dApps on Ethereum?
The 41 rated real-world assets dApps on Ethereum average 6.1 out of 10. Of these, 0 score 8 or higher and 2 score below 5.