Anemoy — JTRSY, JAAA
BVI
Anemoy Capital SPC
BVI FSC-licensed
JTRSY received $400M from Spark Grand Prix; JAAA passed $1B TVL
Niche tokenized fund structurer
Centrifuge V3 ecosystem
JTRSY rated S&P AA+f / S1+
Janus Henderson acts as sub-investment manager via Tabula
Backed Finance — xStocks, bCSPX, bIB01
Zug, Switzerland
FINMA-aligned; Kraken-acquired Dec 2025
130+ tokenized stocks live
$25B+ exchange volume and $3.5B+ on-chain volume since Jun 2025
Tokenized equities issuance
xStocks Alliance ecosystem
xStocks live on Solana and Ethereum
TON, Tron, Mantle, and BNB Chain integrations planned
Brickken — Token Suite
Barcelona, Spain
Private company
€38M post-money valuation
$41M on-chain TVL and $450M+ tokenized across 16 countries
Enterprise tokenization SaaS
Multi-chain white-label platform
Co-author of ERC-7943
Atlas Frontier framework launched with MANTRA
Centrifuge — V3 Protocol
Berlin / Zug, Switzerland
k/f labs legal entity
$1.6B TVL
Eight networks live; 21 independent audits
Multichain DeFi-native RWA protocol
Proof-of-Index with S&P DJI
Powers JTRSY, JAAA, and ACRDX
Top-five fund tokenization platform by TVL
DigiFT — RWA Exchange
Singapore
MAS RMO + CMS; HK SFC dual-licensed
UBS, Invesco, Wellington, DBS, CMBI, BNY partners
Founded 2021 · CEO Henry Zhang
Regulated on-chain RWA exchange
Institutional tokenization platform
First UBS tokenized money market fund on Ethereum; bEQTY with BNY
xChange unified execution layer (Mar 2026)
Figure / Provenance — OPEN, YLDS
New York
Nasdaq: FIGR
$21B+ loans originated on Provenance
Number-one non-bank HELOC lender in the US
Tokenized credit and equity platform
Purpose-built L1 through Provenance
OPEN equity network launched Jan 2026
YLDS SEC-registered yield-bearing stablecoin
Franklin Templeton — BENJI/FOBXX
San Mateo, USA
NYSE: BEN
$1.68T parent AUM
BENJI suite $1.98B AUM across nine chains and Canton Network
Multi-chain tokenized fund platform
SEC-registered investment company
First US-registered fund using public blockchain record-keeping
Ondo partnership announced Mar 2026 to tokenize five ETFs
Maple Finance — syrupUSDC
Sydney / New York
Private company
$2.4B+ TVL
$7B+ bridge volume in Apr 2026
Institutional credit tokenization
Multi-chain across Ethereum, Solana, Arbitrum, and BNB Chain
Revolut listing added Apr 2026 access to 70M+ users
Maple CCIP Receiver launched Jan 2026
Ondo — OUSG, USDY, Global Markets
New York
Private company; ONDO token live on major exchanges
$2.75B+ platform TVL
USDY above $1B across nine chains
Tokenized treasuries and securities platform
Multi-chain market access
Ondo Global Markets crossed $1B TVL in May 2026
SWEEP fund with State Street and Galaxy seeded with $200M
OpenTrade — Sierra Protocol, SIERRA
London, UK
$200M TVL
$250M+ 2025 volume; $30M+ total funding
B2B2C yield-as-a-service
API-first tokenization stack
Assets custodied at JPMorgan, Barclays, Fidelity, Wilmington, and Sygnum
Backed by a16z, Mercury, Notion, and Circle Ventures
Plume Network — Plume Genesis
San Francisco, USA
SEC transfer agent; ADGM-licensed
$645M+ tokenized
280K+ RWA holders; 180+ projects on network
Purpose-built RWA blockchain
Full-stack RWAfi infrastructure
Integrated WisdomTree funds, Apollo assets, and Invesco-linked exposure
KRW1 stablecoin built for Korean institutional access
Polymesh / Polymath
Cayman Islands
Polymath public via AnalytixInsight RTO
200+ tokens deployed
Republic $2.6B sponsored investments
Purpose-built L1 for security tokens
Five-pillar native architecture
Partners include BitGo, Zodia, GK8 by Galaxy, tZERO, and Paysafe
Confidential Assets launched on DevNet in Dec 2025
Securitize — Tokenization Platform
Miami / Dubai
SEC broker-dealer, transfer agent, and ATS
$4B+ AUM
About 20% RWA market share; deployed across 10+ chains
Institutional tokenization platform
Broker-dealer and ATS combined
Powers BUIDL, ACRED, SCOPE, SKHC, and VBILL
SPAC transaction announced in Oct 2025
Superstate — FundOS, USTB, USCC
New York
SEC investment adviser and transfer agent
USTB and USCC combined above $1B AUM
FundOS live on Solana and Ethereum, with Base planned
White-label tokenization infrastructure
FundOS platform
USTB to Invesco Advisers (Q2 2026)
USCC → Bitwise
Crypto Carry Fund (Jun 1, 2026)
Tokeny / Apex Group — ERC-3643
Luxembourg
Apex Group subsidiary
$32B+ RWAs tokenized via ERC-3643
Apex provides fund administration and custody at a multi-trillion-dollar scale
ERC-3643 / T-REX standard creator
Institutional tokenization operating system
Apex Digital 3.0 launched in Jul 2025
SkyBridge $300M tokenization announced in Aug 2025
