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Tokenized Non-U.S. Government Debt

Track tokenized sovereign debt issued outside the United States, including EU government bonds, UK gilts, Mexican CETES, and other regional treasuries.

Updated: Aug 27, 2026 at 10:05 AM UTCMethodology Data Sources

Total Category Value

$2.67B

5.23%vs prior quarter

Avg. 7D Yield

4.55%

1.31%from 7d ago

Active Instruments

1.31%vs prior quarter

Instrument Holders

62,580

1.92%from 24h ago

Tokenized Non-U.S. Government Debt

Asset Type

Metric

Group By:

Tokenized Non-U.S. Government Debt League Table

#	Platform	Assets	Total Value	30D	Share
#1	Spiko	Tokenization Platform	$2.52B	94.42%	1
#2	Midas RWA	Tokenization Platform	$144.35M	5.40%	1
#3	kumaprotocol	Tokenization Platform	$3.16M	0.12%	1
#4	etherfuse	Tokenization Platform	$979,002	0.04%	1
#5	arcalabs	Tokenization Platform	$452,041	0.02%	1
#6	Usual	Tokenization Platform	$237,080	0.01%	1

Value Distribution by Instrument

Group By

Spiko

94.4%

Midas RWA

5.4%

KUMA Protocol

0.1%

Etherfuse

0.0%

Arca Labs ArCoin

0.0%

Usual EUR0

0.0%

Recent Instrument Activity

Recent issuance, redemption, and transfer events across tracked instruments

Midas RWA

Midas

USD 4,768,479

Ethereum

Ethereum · 1h ago

Spiko

USD 143,698

Stellar

Stellar · 1h ago

Spiko

USD 52,985,472

Stellar

Stellar · 10h ago

Midas RWA

Midas

USD 823,342

Ethereum

Ethereum · 10h ago

Spiko

USD 35,240,081

Stellar

Stellar · 1d ago

Midas RWA

Midas

USD 861,279

Ethereum

Ethereum · 1d ago

Net Capital Flows

30-day net AUM inflow / outflow per product (USD Billions)

All Tokenized Non-U.S. Government Debt


Spiko Spiko	Spiko	$2.52B	3.29%	0.74%	3.29%	Stellar	58,704
Midas RWA Midas RWA	Midas RWA	$144.35M	3.22%	11.26%	3.22%	Ethereum	3,573
KUMA Protocol KUMA Protocol	kumaprotocol	$3.16M	5.50%	0.08%	5.50%	Ethereum	199
Etherfuse Etherfuse	etherfuse	$979,002	5.17%	0.63%	5.17%	Solana	61
Arca Labs ArCoin RCOIN	arcalabs	$452,041	5.00%	0.04%	5.00%	Ethereum	28
Usual EUR0 USUAL	usualmoney	$237,080	5.12%	0.17%	5.12%	Ethereum	15

Showing 1-6 of 6 assets

Platform

Assets

Total Value

30D

Spiko

Tokenization Platform

$2.52B

94.42%

Midas RWA

Tokenization Platform

$144.35M

5.40%

kumaprotocol

Tokenization Platform

$3.16M

0.12%

etherfuse

Tokenization Platform

$979,002

0.04%

arcalabs

Tokenization Platform

$452,041

0.02%

Usual

Tokenization Platform

$237,080

0.01%

Spiko

$2.52B

3.29%

0.74%

3.29%

Stellar

58,704

Midas RWA

$144.35M

3.22%

11.26%

3.22%

Ethereum

3,573

KUMA Protocol

kumaprotocol

$3.16M

5.50%

0.08%

5.50%

Ethereum

199

Etherfuse

etherfuse

$979,002

5.17%

0.63%

5.17%

Solana

Arca Labs ArCoin

RCOIN

arcalabs

$452,041

5.00%

0.04%

5.00%

Ethereum

Usual EUR0

USUAL

usualmoney

$237,080

5.12%

0.17%

5.12%

Ethereum