Consequently, Stellar has ascended to the third position in the worldwide blockchain hierarchy based on assets under management (AUM), now just behind Ethereum and BNB Chain.
Understanding Market Dynamics and Capital Flows
Investment trends are fueled by significant regulated funds that have allocated liquidity across three primary regions:
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France: The standout asset in the network is the Spiko Amundi Overnight Swap Fund (EUR), a government bond fund boasting assets of $1.29 billion and adhering to the European Union’s UCITS regulations.
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United States: Franklin Templeton’s BENJI government money market fund manages $521.1 million, while the Ondo U.S. Dollar Yield (USDY) fund operates under SEC oversight with $537.1 million.
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Luxembourg: The Yuleba Bond 2030 corporate credit instrument represents an investment of $500 million.
Circle’s USDC stablecoin, totaling $367.7 million, acts as the liquidity gateway for the ecosystem. Compliant with the MiCA regulation in Europe, it supports a remarkable 707,248 active addresses within the RWA sector, with a monthly transfer volume reaching $10.72 billion.
The network anticipates an additional surge in the first half of 2027. The U.S. securities depository DTCC has already announced plans to link its tokenization service with Stellar to enable the incorporation of Russell 1000 stocks and major ETFs on-chain, while the Tradable platform is set to onboard up to $1 billion in private credit assets.
Why Banks Prefer Stellar While $XRP Focuses on Energy and Industry
Stellar’s achievements in the regulated fund sector underscore a technological split between the network and its historical adversary, the $XRP Ledger (XRPL), which was also co-founded by Jed McCaleb from Stellar.
The two platforms have pursued distinct pathways: Stellar is gathering traditional banking investments and government bonds, whereas XRPL has carved out a prominent role in the tokenization of commodities and industrial assets.
Ripple’s ecosystem now revolves around Justoken’s JMWH energy contracts, valued at $2.22 billion, along with Latin American corporate debt pools from VERT Capital. Settlement activities within this industrial sector are facilitated by Ripple USD (RLUSD), a regulated stablecoin with a market cap of $1.16 billion.
As a result, recent capital inflows have solidified Stellar’s role as the foremost public blockchain infrastructure for regulated investment products, effectively distinguishing the global RWA market into debt and industrial categories.