DeFi · Category ranking
Best Real-World Assets dApps in 2026
165 Real-World Assets dApps ranked by DappsAtlas score and total value locked. Open any row for the full review.
- Listed
- 165
- Reviewed
- 165
- Page
- 1/4
Real-world asset (RWA) dApps bring off-chain assets onto a blockchain as tokens. The assets include U.S. Treasury bills, private credit, rental property, gold, uranium, insurance premiums and invoice financing. The idea is to let crypto holders earn returns that are tied to traditional markets rather than to crypto price moves, and to settle ownership and payouts onchain.
Most of these protocols work in the same basic way. An issuer or asset manager holds the underlying asset with a custodian, then mints tokens that represent a share of it or its income. Users deposit stablecoins or other crypto and receive a yield-bearing token. Revenue comes from management and performance fees, spreads on loans, and fees on minting or redemption. Examples include OnRe with reinsurance-backed ONyc, USD AI with GPU-backed loans, Lofty with fractional rental property on Algorand, and Meld Gold with tokenised gold and silver.
When comparing options, start with what backs the token and who holds it, then look at who can legally buy it, since KAIO, Anemoy Capital and Sygnum FIUSD Liquidity Fund target eligible investors. Check redemption terms and liquidity, fees, audit history, and TVL as a rough measure of adoption: OnRe, OpenTrade and R25 lead our list by TVL at the time of writing. Also consider which chain you want to use. Returns are not guaranteed, and legal claims on the underlying assets vary by issuer, so read the documents before depositing.
Real-World Assets dApps at a glance
- Tracked
- 165
- Reviewed
- 165
- Total TVL
- $1.79B
- Avg. score
- 6.0/10
Largest by TVL
- 1
OnRe$309M
- 2
OpenTrade$246M
- 3
R25$198M
- 4
USD AI$158M
- 5
RealT Tokens$155M
Highest rated
- 1
Spiko8.0
- 2
BlackRock BUIDL7.8
- 3
Dinari7.6
- 4
- 5
Brickken7.4
| Chains | |||||
|---|---|---|---|---|---|
| 1 | SpikoReviewed | — | — | — | 8.0 |
| 2 | BlackRock BUIDLReviewed | — | — | — | 7.8 |
| 3 | DinariReviewed | — | — | — | 7.6 |
| 4 | OpenTradeReviewed | Avalanche, Ethereum +1 | $246M | −0.3% | 7.4 |
| 5 | BrickkenReviewed | BNB Chain, Ethereum +3 | $42.4M | +0.0% | 7.4 |
| 6 | VNXReviewed | Ethereum, Polygon +4 | — | — | 7.4 |
| 7 | Paxos GoldReviewed | Ethereum | — | — | 7.4 |
| 8 | Ondo Global MarketsReviewed | Solana, Robinhood Chain | — | — | 7.4 |
| 9 | Solv RWAReviewed | BNB Chain, Mantle | $8.68M | −3.3% | 7.3 |
| 10 | Circle USYCReviewed | — | — | — | 7.3 |
| 11 | LoftyReviewed | Algorand | $101M | −0.0% | 7.2 |
| 12 | DigiFTReviewed | — | — | — | 7.2 |
| 13 | Sky RWAReviewed | Ethereum | $65.1M | +0.3% | 7.1 |
| 14 | WisdomTreeReviewed | — | — | — | 7.1 |
| 15 | OnReReviewed | Solana | $309M | +1.4% | 7.0 |
| 16 | USD AIReviewed | Arbitrum | $158M | −41.9% | 7.0 |
| 17 | Anemoy CapitalReviewed | Ethereum, Base +1 | $102M | −0.3% | 7.0 |
| 18 | Usual USD0Reviewed | Ethereum | $82.0M | +89.0% | 7.0 |
| 19 | IXSReviewed | Ethereum, Base +4 | $84.7K | +0.8% | 7.0 |
| 20 | KlimaDAOReviewed | Base, Polygon | $0 | −100% | 7.0 |
| 21 | MidasReviewed | Ethereum | — | — | 7.0 |
| 22 | Tangible RWAReviewed | Polygon, Arbitrum +3 | $42.0M | +0.1% | 6.8 |
| 23 | Uranium.ioReviewed | Etherlink | $10.4M | +36.1% | 6.8 |
| 24 | PropbaseReviewed | Aptos | $1.38M | −0.7% | 6.8 |
| 25 | Boson ProtocolReviewed | Polygon, Ethereum +3 | $230K | +0.1% | 6.8 |
| 26 | PropyReviewed | Ethereum | — | — | 6.8 |
| 27 | xStocksReviewed | — | — | — | 6.8 |
| 28 | StoboxReviewed | Base, Arbitrum | — | — | 6.8 |
| 29 | Ondo Yield AssetsReviewed | Solana | — | — | 6.8 |
| 30 | Sierra ProtocolReviewed | Ethereum, Avalanche +1 | $36.6M | −7.7% | 6.6 |
| 31 | R25Reviewed | Pharos, Sui | $198M | +0.3% | 6.5 |
| 32 | KAIOReviewed | Sei, Immutablezkevm +12 | $34.7M | −10.4% | 6.5 |
| 33 | Sygnum FIUSD Liquidity FundReviewed | zkSync Era | $14.2M | −7.5% | 6.5 |
| 34 | PaimonReviewed | BNB Chain | $14.1M | +0.1% | 6.5 |
| 35 | Frigg.ecoReviewed | Ethereum | $183K | 0.0% | 6.5 |
| 36 | RallyReviewed | — | — | — | 6.5 |
| 37 | ToucanReviewed | Base, Celo | — | — | 6.5 |
| 38 | Centrifuge ProtocolReviewed | — | — | — | 6.5 |
| 39 | OpenEden TBILLReviewed | — | — | — | 6.5 |
| 40 | OpenEden USDOReviewed | — | — | — | 6.5 |
| 41 | BackedFiReviewed | Solana, Avalanche +1 | — | — | 6.5 |
| 42 | Nawa ProtocolReviewed | ZIGChain, Ethereum +1 | $4.04M | +0.2% | 6.4 |
| 43 | Republic NoteReviewed | Avalanche | $0 | −100% | 6.4 |
| 44 | GAIBReviewed | Ethereum | — | — | 6.4 |
| 45 | Theo Network thBillReviewed | Ethereum, Stable +4 | $11.8M | +0.1% | 6.3 |
| 46 | eva MarketsReviewed | Ethereum | $5.00M | −2.4% | 6.3 |
| 47 | Ethereum | $608K | −32.0% | 6.3 | |
| 48 | AlcumReviewed | Ethereum | $239K | 0.0% | 6.3 |
| 49 | ZivoeReviewed | Ethereum, Pharos +9 | $3.04K | +1.1% | 6.3 |
| 50 | ZothReviewed | Base | — | — | 6.3 |
Ranked by DappsAtlas score, then total value locked. Click a column to re-sort this page. TVL data via DefiLlama.
Where they run
Real-World Assets dApps by chain
Guides
DeFi guides
Real-world asset
Real-World Asset Tokenization: A 2026 GuideReal-world asset tokenization puts claims on off-chain assets such as government bills, private credit and real estate onto a blockchain. This guide explains how the structures work, what rights a token may or may not give you, and what to check before you hold one.
Real-world asset
Tokenizing Real-World Assets: 5 Things to Look Out ForTokenizing a house, a bond or a fund share is easy to announce and hard to do well. These five checks separate a token that represents a real claim from one that is only a picture of one.
DeFi
Best Crypto Lending Platforms in 2026: 7 DeFi PicksThe best crypto lending platform depends on what you need to borrow, which assets you can use as collateral, and how much protocol risk you can accept. Compare leading DeFi markets and learn how to check rates, liquidation rules and security before you deposit.
DeFi
Best Crypto Staking Platforms in 2026The best crypto staking platform depends on what you want to stake, whether you need to keep your tokens liquid, and how much control you want over custody. Compare leading liquid-staking protocols and exchange apps by their trade-offs, not by headline reward rates.
DeFi
Best Cryptocurrencies for Staking in 2026There is no single best cryptocurrency to stake: the right choice depends on how much risk, lockup time and technical work you can accept. Compare five established proof-of-stake assets and learn what to check before delegating.
DeFi
Best Decentralized Exchanges (DEXs) in 2026A practical guide to established decentralized exchanges and swap aggregators, organized by how they work and what they are useful for. Compare their models, then check network support, trade costs and risks before swapping.
Frequently asked questions
What are real-world asset (RWA) dApps?
RWA dApps put claims on off-chain assets, such as Treasury bills, private credit, real estate, gold or insurance premiums, onto a blockchain as tokens. Holders get exposure to the underlying asset or its income without going through a traditional broker. What you actually own depends on the legal structure the issuer uses.
Where does the yield on RWA protocols come from?
Yield usually comes from the underlying assets, for example interest on Treasury bills, loan repayments, rent or invoice financing fees. The protocol or issuer passes most of that to token holders after fees. It is not created by token incentives alone, though some protocols add reward tokens on top.
Can anyone buy these tokens?
No. Many products, such as Anemoy Capital, KAIO and Sygnum FIUSD Liquidity Fund, are limited to accredited, institutional or otherwise eligible investors and require KYC. Others, like Lofty or Usual USD0, are open to a broader group, but eligibility rules can still depend on your country. Check the terms before depositing.
What are the main risks of RWA dApps?
Main risks include issuer or custodian failure, borrower default, weak legal claims on the asset, limited liquidity when you want to redeem, and smart contract bugs. Tokens may also trade below the value of the underlying asset. A fund backed by Treasuries is generally lower risk than one backed by single-borrower credit, but none are risk-free.
How do Sky RWA, Usual USD0 and tokenized Treasury funds differ?
Sky RWA is a collateral class inside the Sky protocol, so it matters mostly to people using USDS and sUSDS. Usual USD0 is a Treasury-backed stablecoin with its own token and revenue sharing. Anemoy Capital and Theo Network thBILL are tokenized funds or baskets that hold Treasury or similar assets. They differ in structure, access rules and fees.
Is RWA investing the same as crypto gambling?
No. Tokenized real estate, gold and Treasuries are financial products, not casino games. Some platforms may still be unavailable in your country, so check local rules. If a product involves any gambling element, you must be 18+ (21+ where required) and confirm online gambling is legal where you live.
What is the largest real-world assets dApp by TVL?
Which real-world assets dApp has the highest DappsAtlas score?
Spiko has the highest score at 8.0/10, ahead of BlackRock BUIDL (7.8) and Dinari (7.6). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many real-world assets dApps does DappsAtlas track?
DappsAtlas tracks 165 real-world assets dApps. Of these, 165 have a full review and 57 report value locked, $1.79B in total.
What chains do most real-world assets dApps run on?
Which real-world assets dApps grew the most this week?
Among real-world assets dApps with at least $1M locked, Usual USD0 had the biggest 7-day TVL gain (+89.0%) and USD AI the biggest drop (−41.9%). Combined TVL moved −4.5% over the same seven days.
What is the average score for real-world assets dApps?
The 112 rated real-world assets dApps average 6.0 out of 10. Of these, 1 score 8 or higher and 10 score below 5.