DAS Intelligence / Market Tracker

European tokenised market

Tracking the value, activity and concentration of tokenised assets in the European Economic Area.

Daily update | Source: RWA.xyz | Public methodology

01European market

Updating indicators…

Market value (MUSD)
0

Aggregate value of the assets included.

Global share
0.0%

Percentage of the comparable global market.

Holding addresses
0

Addresses with a balance, summed by asset and network.

30-day turnover
0.0%

On-chain transfers / market value.

Issuer concentration (HHI)
0

HHI index, 0 to 10,000 scale.

Top three issuers' share
0.0%

Combined share of the value analysed.

02Market evolution

Historical series of European tokenised value and its share of the global market.

Updating indicators…

Series started 01.11.2026 | Daily frequency | Earlier points: 7, 30 and 90-day values published by RWA.xyz

03Market concentration

Distribution of tokenised value across issuers and concentration of positions by asset.

Value by issuer. Updating indicators….

04Asset universe

Tokenised assets within the European perimeter, with individual indicators of value, activity and concentration.

Updating indicators…

05Split by network

Value of the European perimeter by network, read directly from the contracts.

Value by network. Updating indicators….

06On-chain verification

Total supply of each asset per RWA.xyz against the sum of totalSupply() across its verified contracts.

    0 / 0 verified. Verified: agreement within 3%. Partial: the asset also circulates on networks not read (Stellar, Solana, Starknet), so the EVM sum is not comparable.

    07Global market structure

    Main participants and infrastructures by market share. European entities highlighted in orange.

    Managers (Top 5)

    Managers (Top 5). Updating indicators….

    Platforms (Top 5)

    Platforms (Top 5). Updating indicators….

    Networks (Top 5)

    Networks (Top 5). Updating indicators….

    08Euro-denominated tokenised money

    Euro-pegged stablecoins: circulating supply, share versus dollar-denominated stablecoins, and split by issuer and network.

    Euro supply (MEUR)
    0

    Sum of euro-pegged stablecoins.

    Share versus the dollar
    0.00%

    Euro supply, in USD, over dollar-pegged stablecoins.

    Coins above 1 MEUR
    0

    Euro stablecoins with a relevant supply.

    Updating indicators…

    90-day daily series | Source: DefiLlama

    Supply by coin. Updating indicators….

    Source: DefiLlama, peggedEUR classification | Issuer and jurisdiction: own compilation

    09Authorised DLT infrastructures

    Infrastructures authorised under the European Union's DLT Pilot Regime.

    • CSD Prague

      DLT Register

      DLT SS

      Czech RepublicCzech National Bank11.10.2024

    • 21X AG

      21X DLT-TSS

      DLT TSS

      GermanyBaFin03.12.2024

    • 360X AG

      360X DLT MTF

      DLT MTF

      GermanyBaFin29.04.2025

    • UAB Axiology DLT

      Axiology DLT TSS

      DLT TSS

      LithuaniaLietuvos bankas09.07.2025

    • LISE SA

      LISE DLT TSS

      DLT TSS

      FranceACPR13.10.2025

    • Securitize Europe Brokerage and Markets SV

      Securitize Europe DLT TSS

      DLT TSS

      SpainCNMV26.11.2025

    Source: ESMA, register of authorisations (last published: January 2026; consulted 01.11.2026)

    10Methodology and limitations

    Sources and update
    Public data from RWA.xyz, collected daily by DAS Intelligence at 06:40 Madrid time. Own historical series and integrity and timeliness controls: no figure is published if it is older than 48 hours or the capture is incomplete.
    Perimeter
    Assets with a public on-chain representation whose issuer or vehicle is domiciled in the European Union or the European Economic Area, or whose issuance takes place under a prospectus or the supervision of an EEA authority. Manually reviewed list, published in the asset table.
    On-chain activity
    Turnover relates the transfer volume of the last 30 days to the asset's value. It includes subscriptions, redemptions and moves between custodians: it is not equivalent to secondary-market traded volume.
    Concentration
    Herfindahl-Hirschman Index (HHI) by issuer over the perimeter's value, 0 to 10,000 scale, and share of the five largest addresses per asset. Addresses do not necessarily identify the beneficial owner.
    On-chain verification
    Each asset's token supply is read daily with totalSupply() on its verified contracts (Ethereum, Polygon, Arbitrum, Base, Etherlink and Gnosis) through public RPCs and checked against the figure published by RWA.xyz. A figure is verified when both agree within 3%; if the asset also circulates on networks not read, the reading is partial and not compared. The split by network uses those readings at the asset page's price.
    Euro-denominated tokenised money
    Euro-pegged stablecoins as classified by DefiLlama, with supply by coin and by network. It is a perimeter independent from tokenised value and is not added to it. The share versus the dollar compares euro supply converted to USD with dollar-pegged stablecoins.
    Coverage limitations
    Excludes market depth, bid-ask spreads and issuances without a verifiable public on-chain representation (permissioned funds, tokenised bonds on private infrastructures). It does not include trading volumes from DLT infrastructures, which publish no data.

    Sources: RWA.xyz, DefiLlama and ESMA | Compiled by DAS Intelligence

    DAS Research

    The European tokenised market: the decisions that will shape 2031

    DAS's report examines the regulatory, operational and market conditions required for tokenisation to develop in Europe. DAS Intelligence complements that research with quantitative tracking of market activity and concentration.

    Read the reportGet .INSIGHTS