Real Estate
Residential, commercial and luxury property tokenization with fractional ownership and rental yield distribution
8 platformsAdjacent RWA market infrastructure
RWA Protocols, Marketplaces & Tokenized Asset Issuers
Explore RWA protocols, marketplaces, regulated venues, tokenized product issuers and purpose-built chains that support tokenized asset markets.
Asset-class coverage
What this adjacent category covers
Use this page for tokenized product issuers, RWA protocols, exchanges, marketplaces and blockchain infrastructure that support tokenized asset markets but are not primarily issuer-side platform software.
US Treasuries
On-chain access to short-term US government bond yields through regulated tokenized fund structures
5 platformsCorporate Credit
Institutional lending protocols and on-chain credit markets connecting capital with borrowers
4 platformsEquity & Securities
Tokenized company shares, security tokens and regulated digital securities on public blockchains
7 platformsBonds & Debt
On-chain corporate bond issuance, structured debt products and fixed income tokenization
4 platformsPrivate Equity & VC
Tokenized access to private equity funds, venture capital and alternative investments
3 platformsFunds & ETFs
Regulated tokenized fund products bringing traditional asset management structures on-chain
5 platformsCommodities
Tokenized exposure to physical commodities including precious metals and energy resources
2 platformsProvider directory
Compare adjacent RWA market infrastructure
Search by venue, protocol, product issuer, RWA chain, asset class, jurisdiction or capability.
Showing 13 companies
Need issuer-side tokenization software? View Tokenization Platforms.
01 / Marketplace & Exchange
ADDX
Best forIssuers who need a licensed exchange to list and trade tokenized private market assets in APAC
Helps you list and sell tokenized alternative investments (PE, hedge funds, real estate, VC) to accredited investors through a MAS-licensed exchange in Singapore. If you have already tokenized and need a regulated venue to distribute and trade in Asia, ADDX is the marketplace.
Provider intelligence
ADDX solves the distribution problem for tokenized private market assets. If you have tokenized an asset but need a regulated venue where accredited investors can discover, buy, and trade it, ADDX provides that marketplace. MAS-licensed in Singapore, it handles investor onboarding, KYC, and secondary trading. You bring the tokenized asset, ADDX provides the investor base and regulatory wrapper. Covers private equity, hedge funds, real estate, and VC.
- HQ
- Singapore
- Founded
- 2017
- Platform type
- Marketplace / Marketplace & Exchange
- Asset classes
- Private Equity, Hedge Funds, Real Estate, VC
- Supported chains
- Ethereum
02 / Marketplace & Exchange
Archax
Best forIssuers needing a fully regulated UK venue to issue, trade, and custody tokenized securities
Provides a one-stop regulated venue in the UK where you can issue, trade, and store tokenized securities. FCA-licensed as exchange, broker, and custodian. If you need to reach UK and European institutional investors with a tokenized offering, Archax handles the full chain.
Provider intelligence
Archax removes the need to coordinate separate exchange, brokerage, and custody providers in the UK. With triple FCA licensing, it covers issuance, secondary trading, and storage in one regulated framework. If you are a fund manager or issuer targeting UK/European institutional capital with tokenized securities, bonds, or funds, Archax provides the complete regulated infrastructure.
- HQ
- UK
- Founded
- 2018
- Platform type
- Marketplace / Marketplace & Exchange
- Asset classes
- Securities, Funds, Bonds
- Supported chains
- Ethereum, Hedera, Polygon
03 / Token Issuance
Backed Finance
Best forDeFi protocols and institutions wanting EU-compliant tokenized securities that anyone can hold on-chain
Issues tokenized securities (ETFs, bonds, equities) that trade freely on public blockchains while the issuance itself is EU-compliant and 1:1 backed. If you want permissionless on-chain exposure to traditional assets without KYC at the holder level, Backed creates those tokens.
Provider intelligence
Backed Finance solves a specific problem: how to put traditional securities on-chain in a way that is compliant at issuance but permissionless at the holder level. They issue tokens from Switzerland under EU frameworks, backed 1:1 by real assets held by regulated custodians. DeFi protocols can integrate these tokens without requiring their users to KYC. Useful for building on-chain structured products or providing DeFi liquidity pools with real-world yield.
- HQ
- Switzerland
- Founded
- 2021
- Platform type
- Issuance / Token Issuance
- Asset classes
- ETFs, Bonds, Equities
- Supported chains
- Ethereum, Gnosis, Polygon
04 / Credit & Lending Protocol
Centrifuge
Best forLenders and borrowers who want to tokenize real-world loans and access DeFi capital pools
Connects real-world borrowers (trade finance, real estate loans, consumer credit) with on-chain capital from DeFi. If you are a lending company that wants to raise capital by tokenizing your loan book and tapping into DeFi liquidity, Centrifuge is the protocol.
Provider intelligence
Centrifuge is not a generic tokenization platform. It specifically solves capital access for real-world lenders. If you originate loans (trade finance, real estate, consumer credit) and want to raise capital by tokenizing those loans and connecting to DeFi pools (including MakerDAO), Centrifuge provides the protocol, the chain, and the investor base. Institutional investors use Centrifuge to deploy capital into real-world credit with on-chain transparency.
- HQ
- Germany
- Founded
- 2017
- Platform type
- Protocol / Credit & Lending Protocol
- Asset classes
- Trade Finance, Real Estate Credit, Consumer Lending
- Supported chains
- Centrifuge Chain, Ethereum
05 / Lending & Issuance Platform
Figure Markets
Best forFinancial institutions looking to tokenize high-volume lending products like home equity loans at scale
Tokenizes home equity loans (HELOCs) and securities at massive scale on its own Provenance blockchain. If you are a financial institution that originates loans and wants to process them entirely on-chain for speed, transparency, and cost reduction, Figure has proven this works at billions in volume.
Provider intelligence
Figure Markets proved that tokenization is not just for exotic assets. It processes billions in home equity loans entirely on the Provenance blockchain, reducing settlement from weeks to days. If you are a bank, lender, or mortgage company wanting to move your lending operations on-chain for operational efficiency, Figure provides the blockchain, the marketplace, and the proven volume. This is tokenization as infrastructure, not tokenization as a product.
- HQ
- USA
- Founded
- 2018
- Platform type
- Enterprise / Lending & Issuance Platform
- Asset classes
- Home Equity, Securities, Loans
- Supported chains
- Provenance
06 / Blockchain Infrastructure (L1)
Mantra Chain
Best forBuilders who need a compliance-ready L1 blockchain designed for RWA tokenization in MENA/Asia
Provides a Layer 1 blockchain with compliance built in (KYC/AML modules, permissioned access, regulatory reporting). If you are building a tokenization product and need a chain where regulatory compliance is a native feature rather than an afterthought, Mantra is the infrastructure layer.
Provider intelligence
Mantra Chain is not a tokenization platform you use to tokenize an asset. It is the blockchain you build your tokenization product on. If you are a developer, fintech, or institution that needs a chain with built-in compliance (KYC/AML, permissioned access, regulatory reporting), Mantra provides that infrastructure. Based in UAE, it is particularly well-positioned for MENA and Asian markets where regulators are actively supporting digital asset frameworks.
- HQ
- UAE
- Founded
- 2020
- Platform type
- Infrastructure / Blockchain Infrastructure (L1)
- Asset classes
- Real Estate, Commodities, Securities
- Supported chains
- Mantra (Own L1)
07 / Credit & Lending Protocol
Maple Finance
Best forInstitutional borrowers seeking on-chain credit and lenders wanting transparent, tokenized lending exposure
Runs an on-chain institutional lending market. If you are a crypto company needing to borrow against your business, or an institutional lender wanting transparent, on-chain credit exposure, Maple connects you through managed lending pools with credit expert oversight.
Provider intelligence
Maple Finance operates on-chain credit markets for institutional borrowers and lenders. Pool delegates (credit experts) assess borrowers and manage lending pools. If you are a trading firm, market maker, or crypto company needing institutional credit, Maple is where you borrow. If you are an institutional lender wanting transparent on-chain credit exposure with professional risk management, Maple is where you deploy capital. Billions processed in institutional loans.
- HQ
- Australia
- Founded
- 2020
- Platform type
- Protocol / Credit & Lending Protocol
- Asset classes
- Corporate Credit, Institutional Loans
- Supported chains
- Ethereum, Solana, Base
08 / Yield & Treasury Tokenization
Ondo Finance
Best forInstitutions and DeFi protocols wanting on-chain exposure to US Treasury yields without off-chain complexity
Gives you on-chain access to US Treasury yields. If you are an institution, DAO treasury, or DeFi protocol that wants to earn government bond yields without leaving the blockchain, Ondo tokenizes Treasuries into products you can hold and integrate.
Provider intelligence
Ondo Finance solves one problem clearly: getting US Treasury yields on-chain. If you are a DAO with idle stablecoins, an institution wanting blockchain-native yield, or a DeFi protocol needing a stable yield source, Ondo tokenizes US Treasuries and bonds into on-chain products. You deposit, you earn Treasury yields, the complexity of buying government bonds is abstracted away. Central to the $3B+ tokenized treasury market.
- HQ
- USA
- Founded
- 2021
- Platform type
- Yield / Yield & Treasury Tokenization
- Asset classes
- US Treasuries, Bonds, Money Market
- Supported chains
- Ethereum, Solana, Mantle
09 / Blockchain Infrastructure (L2)
Plume Network
Best forDevelopers building RWA applications who need a chain with native compliance, identity, and DeFi composability
Provides a dedicated Layer 2 blockchain where RWA applications can be built with compliance, identity, and DeFi composability as native features. If you are a developer building a tokenization app, lending protocol, or RWA marketplace and want infrastructure purpose-built for real-world assets (not repurposed from a general L2), Plume is the chain.
Provider intelligence
Plume Network is not a platform that tokenizes your asset. It is the blockchain you build your RWA product on. Unlike general-purpose L2s, Plume optimizes its entire architecture for real-world asset use cases: compliance modules, identity layers, and DeFi primitives are native to the chain. Developers building tokenization platforms, RWA lending protocols, or asset marketplaces get infrastructure designed for their specific needs rather than adapting a general-purpose chain. Also useful for existing tokenized assets that want DeFi composability (RWAfi).
- HQ
- USA
- Founded
- 2023
- Platform type
- Infrastructure / Blockchain Infrastructure (L2)
- Asset classes
- Multi-Asset, RWAfi, Developer Platform
- Supported chains
- Plume L2 (Ethereum)
10 / Blockchain Infrastructure (L1)
Polymath / Polymesh
Best forIssuers of regulated securities who need a blockchain where compliance is built into every transaction
A purpose-built blockchain for regulated securities. If you are issuing tokens that must comply with securities law and you do not want to bolt compliance onto a general-purpose chain, Polymesh has identity, compliance, and governance as base-layer features. Every transaction is natively compliant.
Provider intelligence
Polymesh took the position that regulated securities should not run on general-purpose blockchains. Instead of adding compliance as smart contract layers on top of Ethereum, Polymesh built identity, compliance, confidentiality, and governance directly into the chain. If you are issuing equity, debt, or fund tokens under securities regulation and need provable compliance at the chain level (not the application level), Polymesh is the infrastructure choice. The trade-off: you are locked into the Polymesh ecosystem.
- HQ
- Canada
- Founded
- 2017
- Platform type
- Infrastructure / Blockchain Infrastructure (L1)
- Asset classes
- Securities, Equity, Debt, Funds
- Supported chains
- Polymesh (Own L1)
11 / Fractional Real Estate Platform
RealT
Best forRetail investors wanting to buy fractional ownership in US rental properties and earn daily stablecoin income
Lets you buy fractional ownership in US rental properties starting at $50. You earn daily stablecoin dividends from rental income directly to your wallet. If you want passive real estate income without buying a whole property, RealT handles the tokenization, property management, and rent distribution.
Provider intelligence
RealT is the simplest answer to 'how do I invest in real estate with crypto?' You browse properties, buy token fractions (starting at $50), and receive daily stablecoin dividends from rental income directly to your wallet. Each property is held in a dedicated LLC, and your tokens represent fractional LLC membership interests. RealT handles everything: property acquisition, management, tenant relations, maintenance, and rent distribution. $150M+ tokenized across 200+ properties.
- HQ
- USA
- Founded
- 2019
- Platform type
- Retail / Fractional Real Estate Platform
- Asset classes
- Residential Real Estate
- Supported chains
- Ethereum, Gnosis Chain
12 / Real Estate Tokenization Marketplace
StegX
Best forInstitutional real estate investors and developers in the Gulf region wanting to tokenize high-value properties on Hedera
Tokenizes institutional-grade commercial and luxury real estate in the Gulf region using Hedera blockchain and the ERC-7518 standard. If you are a real estate developer or institutional investor in the UAE/MENA wanting to fractionalize and distribute high-value properties on-chain, StegX provides the marketplace.
Provider intelligence
StegX targets a specific niche: institutional real estate tokenization in the Gulf region. Built on Hedera (known for enterprise adoption and low fees) using the ERC-7518 standard in collaboration with Zoniqx, StegX provides the marketplace where developers can tokenize commercial and luxury properties and institutional investors can access fractional ownership. If you have a $50M+ property in Dubai or Abu Dhabi and want to fractionalize it for a broader investor base, StegX is built for that use case.
- HQ
- UAE
- Founded
- 2023
- Platform type
- Marketplace / Real Estate Tokenization Marketplace
- Asset classes
- Commercial Real Estate, Luxury Properties
- Supported chains
- Hedera
13 / Regulated Fund Tokenization
Superstate
Best forInstitutional investors wanting regulated, on-chain fund products for Treasury and money market exposure
Creates regulated tokenized fund products that give institutional investors on-chain access to US Treasuries and money markets. If you want the yield of traditional fixed income with the composability of blockchain, through a fully regulated fund structure (not a DeFi protocol), Superstate bridges that gap.
Provider intelligence
Superstate builds regulated tokenized funds. Founded by Robert Leshner (creator of Compound), it bridges DeFi innovation with traditional fund regulation. Unlike DeFi yield protocols, Superstate products are fully regulated fund structures, meaning institutional investors with compliance requirements can participate. If you are a family office, RIA, or institutional allocator wanting Treasury yield on-chain through a structure your compliance team will approve, Superstate is the answer.
- HQ
- USA
- Founded
- 2023
- Platform type
- Yield / Regulated Fund Tokenization
- Asset classes
- US Treasuries, Money Market, Short-Term Bonds
- Supported chains
- Ethereum
Selection framework
How to evaluate adjacent RWA infrastructure
Separate platform from venue
A marketplace or exchange can help distribution and trading, while a tokenization platform helps issuers create and manage the asset itself.
Check the role in the stack
Identify whether the company is a chain, protocol, product issuer, marketplace, exchange, lending market or regulated access layer.
Match the buyer need
Issuers may need platform software first. Investors may need product issuers or marketplaces. Developers may need RWA chains or protocols.
Verify regulatory fit
Review licensing, jurisdiction, investor eligibility, custody, transfer restrictions and secondary market rules before using any venue or product.
FAQ
RWA market infrastructure questions
Is this the same as a tokenization platform?
No. This page covers adjacent infrastructure such as marketplaces, protocols, chains and tokenized product issuers. Issuer-side tokenization platforms are listed separately.
Why does FluidRWA separate these companies?
It makes buyer discovery cleaner. A project that needs software to tokenize an asset has a different need than an investor looking for a tokenized product or a developer choosing an RWA chain.
Can a company appear in both categories?
Yes, if its core product clearly supports both issuer-side tokenization and adjacent market infrastructure. FluidRWA categorizes by primary buyer use case.