1. Figure: ~$15.79B
2. HSBC (Orion): >$350B
3. Tether: ~$2.93B
4. Maple Finance: ~$2.60B
5. Paxos: ~$2.53B
6. Circle: ~$2.21B
7. BlackRock: ~$1.99B
8. Ondo Finance: ~$1.93B
9. STOKR: ~$1.90B
10. Franklin Templeton: ~$1.02B
Traditional finance and crypto-native firms are converging at an increasingly fast rate. RWAs are emerging as a meaningful institutional asset class.
- M7 Team



















