Weekly Report · Week 39, 2026
State of Tokenization
Sep 21 – Sep 27, 2026
This week in tokenized RWAs
- 294 new issuer-tokens appeared in CoinGecko's RWA data this week, led by Dinari (110).
- BTech Holdings Limited added $76.2M in tokenized market cap, the largest gain of any issuer.
- Ondo Finance shed $119.3M, the largest decline.
Biggest issuer moves
Change in each issuer's total tokenized market cap from 2026-09-21 to 2026-09-27. Share is of all tracked tokenized stocks, commodities and ETFs. That total grows as coverage expands, so a share can dip while market cap rises.
| Issuer | Market cap | Change | Share |
|---|---|---|---|
| Ondo Finance | $817.61M | −$119.28M | 11.0% → 9.8% |
| BTech Holdings Limited | $677.76M | +$76.25M | 7.1% → 8.1% |
| xStocks | $803.23M | −$74.36M | 10.3% → 9.6% |
| Tether | $2.78B | −$45.67M | 33.3% → 33.3% |
| Reality | $133.99M | −$28.67M | 1.9% → 1.6% |
| Paxos Global | $1.86B | −$25.17M | 22.2% → 22.3% |
| Kinesis Money | $554.37M | −$24.31M | 6.8% → 6.6% |
| Robinhood Europe | $162.68M | +$7.23M | 1.8% → 1.9% |
Newly listed tokens
294 issuer-tokens first appeared in CoinGecko's RWA data this week. That's the date CoinGecko began tracking each one, which can be later than its actual launch. By issuer: Dinari (110), Reality (97), Anchored Labs (31), BTech Holdings Limited (15), Backpack Securities (13), Ondo Finance (9), and others.
Showing the 25 with the largest underlying markets. Full feed →
How this report is built. Every figure comes from RWAstats' daily snapshots of the CoinGecko API (/rwas/*, /coins/categories), recorded on the day and never backfilled. Sector and largest-asset tables start with the week of Sep 28, 2026, when weekly snapshots began. See the methodology.