Tokenized real-world assets
RWA on-chain, measured: price, depth, NAV and yield.
Dashboards add up what issuers declare. These benchmarks read what the tokens do on a public chain, per asset: whether a tokenized stock trades at the real market price, what $100,000 of it sells for, whether a treasury token trades at its NAV and pays its reference yield, and how much of the declared supply has no open market at all. Right now: $540.6M of tokenized RWA supply on Solana has no open market at all; META tracks Nasdaq tightest on Robinhood Chain at 18.9 bps; SPYx on Solana at 1.54 bps; USDY pays closest to its reference yield, 5.00 bps off over 30 days.
Data as of , every cell the live value of its benchmark.
Declared on Solana, and what sells
Supply measured on Solana
$1.21B
Sells $100k within 25 bps
…
No open market
$540.6M
Assets measured
20
Leaders right now
Tokenized stocks: 14 equities and ETFs, two chains
One row per stock: how far its Robinhood Chain pool and its xStock on Solana sit from the Nasdaq price in regular hours, how far the pool wandered last weekend, what $100,000 of the xStock sells for on Jupiter, and how much of it exists on Solana. Sorted by the tighter of the two pegs.
| # | Stock | Robinhood Chain | xStocks, Solana | Weekend drift | Sell $100k | On Solana |
|---|---|---|---|---|---|---|
| 1 |  SPYSPYx on Solana | … | 1.54 bps | … | 45.3 bps | $70.5M |
| 2 |  NVDARobinhood Chain · NVDAx on Solana | 19.1 bps | 2.79 bps | 148 bps | 31.6 bps | $60.2M |
| 3 |  GOOGLGOOGLx on Solana | … | 3.38 bps | … | 107 bps | $45.7M |
| 4 |  MSFTMSFTx on Solana | … | 4.87 bps | … | 156 bps | $55.8M |
| 5 |  TSLATSLAx on Solana | … | 4.89 bps | … | 105 bps | $82.1M |
| 6 |  AAPLRobinhood Chain · AAPLx on Solana | 57.8 bps | 5.15 bps | 24.9 bps | 162 bps | $52.8M |
| 7 |  QQQQQQx on Solana | … | 5.30 bps | … | 94.0 bps | $55.5M |
| 8 |  METARobinhood Chain · METAx on Solana | 18.9 bps | 5.41 bps | 43.7 bps | 175 bps | $44.3M |
| 9 |  HOODHOODx on Solana | … | 5.43 bps | … | … | $48.2M |
| 10 |  AMZNAMZNx on Solana | … | 5.54 bps | … | 275 bps | $44.6M |
| 11 |  PLTRRobinhood Chain · PLTRx on Solana | 51.8 bps | 10.3 bps | 128 bps | 5964 bps | $23.5M |
| 12 |  COINCOINx on Solana | … | 11.1 bps | … | 5053 bps | $20.3M |
| 13 |  AMDRobinhood Chain | 56.7 bps | … | 179 bps | … | … |
| 14 |  MURobinhood Chain | 57.3 bps | … | 213 bps | … | … |
A blank cell (…) is a stock one issuer does not tokenize, a pool that froze at its last swap (five Robinhood Chain names left the cohort in the summer), or a bench that asserts nothing for the row right now. The two peg columns share the reference feed but not the on-chain leg: pool spot on Robinhood Chain, executable Jupiter price on Solana.
Tokenized treasuries, credit and gold
One row per token: the yield it accrued on-chain over 30 days against a dated reference, its basis to the NAV the issuer publishes, what $100,000 of it sells for on Solana, and its on-chain supply there. Funds that never trade on an open market are kept in the table with their supply, marked as such.
| # | Token | Delivered 30d | Reference | Gap | NAV basis | Sell $100k | On Solana |
|---|---|---|---|---|---|---|---|
| 1 |  USDYOndo · Tokenized treasury | 3.62% | 3.57% | +5.00 bps | 31.4 bps | 3.63 bps | $48.0M |
| 2 |  OUSGOndo · Tokenized treasury | 3.75% | 3.45% | +30.0 bps | … | … | … |
| 3 |  USTBSuperstate · Tokenized treasury | 3.65% | 3.52% | +13.0 bps | … | No open market | 17,859 units |
| 4 |  BUIDLBlackRock · Tokenized treasury | … | … | … | … | No open market | $540.6M |
| 5 |  SyrupUSDCMaple · Private credit | 5.12% | 4.99% | +13.0 bps | … | … | … |
| 6 |  PAXGPaxos · Tokenized gold | … | … | … | … | 869 bps | $13.4M |
Delivered and reference are annualized; the gap is delivered minus reference in basis points and the rwa-yield-accuracy bench ranks its absolute value. The reference is the 30-day mean on the DefiLlama yields feed, read by hand and dated in the bench notes. OUSG and SyrupUSDC have no Solana market to measure; PAXG and BUIDL have no yield row.
What is measured, and what is not
- Every cell is read from a public chain or a keyless public quote API against a public reference: a Uniswap v4 pool state, a Jupiter quote, a mint's supply, an issuer's oracle or Chainlink feed, a vault share price. No figure comes from an issuer's dashboard; the yield bench's reference APY is a dated 30-day mean from a public feed, quoted as the promise being tested.
- No declared-value ranking lives here. The supply column is the on-chain supply of each Solana mint, valued at the price the market pays; the funds with no market are counted at their designed unit value (BUIDL) or in units (USTB), and shown as what they are: value that cannot be sold on an open pool.
- Transfer-restricted funds (BUIDL, USTB, OUSG on the NAV side) cannot be market-tested; the pages say so rather than invent a price.
- Cohorts are what the harnesses can read honestly: six Robinhood Chain stocks with active pools, the twelve xStocks with a Jupiter route, two USDY venues, four yield funds, sixteen Solana mints. Growing them is a matter of sources, not of opinion.
Frequently asked
- How is this different from an RWA dashboard like RWA.xyz?
- Those dashboards rank issuers by the value they declare, and they are the right place for market size. This page reads what the tokens do on a public chain without asking the issuer: whether a tokenized stock trades at the real market price, what $100,000 of it sells for, whether a tokenized treasury trades at its NAV, whether a yield token accrues the yield a dated 30-day reference says, and how much of the declared supply has no open market. Every number is produced by an open harness, timestamped, and exposed as JSON.
- How much of Solana's tokenized RWA value can actually be sold?
- The rwa-solana-depth bench measures it every ten minutes: the cost of selling $1k, $10k and $100k of each asset on Jupiter, and the on-chain supply of each mint, including the funds with no route. The liquid share was not asserted when this page rendered.
- Which tokenized stock tracks the real market most closely?
- META on Robinhood Chain (18.9 bps median deviation from Nasdaq in regular hours) and SPYx among xStocks on Solana (1.54 bps), as of 2026-11-08 06:12 UTC. Both benches read the on-chain price every minute against the same reference feed: the Uniswap v4 pool spot on Robinhood Chain, the Jupiter executable price on Solana.
- What happens to tokenized stocks over the weekend?
- They drift. With Nasdaq closed for about 65 hours nobody has a reference to arbitrage against, so pool prices wander; last weekend AAPL moved least from Friday's close (24.9 bps of maximum deviation) and MU most (213 bps). The order changes from one weekend to the next.
- Does USDY trade at its NAV?
- Not exactly: the closest venue, Orca (Solana) and Jupiter route (Solana), sits 31.4 bps from the redemption price Ondo publishes on-chain (24h median of the absolute basis). A persistent discount is the price of exiting now rather than redeeming through the issuer.
- Which tokenized treasury pays what its reference yield says?
- USDY tracked its reference APY most tightly over the last 30 days, 5.00 bps off. The bench compares the yield each token accrued on-chain (NAV growth between two daily prints from the issuer's oracle or Chainlink feed, or the ERC-4626 share price, compounded over the real span) with a reference APY read by hand and dated: the 30-day mean on the DefiLlama yields feed for every token.
- Can I cite these numbers?
- Yes. Every figure is reproducible from public sources, released under CC BY 4.0, and each bench exposes /api/stat/<slug> with the same values and timestamp. This page also answers Accept: text/markdown.