Stellar's tokenized RWA market surged by approximately 360% in 2026 to nearly $4 billion, primarily driven by US Treasuries, private/public credit, and non-US government debt, with Spiko leading issuers at $1.55 billion. The network's RWA market significantly exceeds its DeFi market size, and institutional integrations like DTCC's planned tokenization services are expected to further boost its growth.