Stellar’s Tokenized Asset Market Surges to $4 Billion

Summary

Stellar's tokenized real-world asset market has grown sharply this year to nearly $4 billion, led by non-US government debt where Stellar ranks first globally. CEO Denelle Dixon expects the next growth leg to come from private credit, non-US sovereign debt, money market funds, and US Treasuries. She argues non-US sovereign debt tokenization is a larger opportunity than most realize because it can globalize government debt issuance and broaden financial access.

• Stellar's tokenized RWA market rose roughly 360% this year to nearly $4 billion from under $900 million at end-2025.
• Non-US government debt is a standout category, with Stellar hosting around $490 million and ranking number one globally.
• Denelle Dixon expects growth in tokenized private credit, non-US sovereign debt, money market funds, and US Treasuries.
• Dixon says non-US sovereign debt tokenization allows governments outside the US to export debt globally.
• She frames the opportunity as expanding finance beyond the US and Western Europe and improving accessibility.
• The episode is a short interview segment focused on tokenization trends rather than specific crypto-token price calls.