STM Market Overview

Welcome to STM’s charts where you’ll find insights on the tokenized securities around the world. Hover over and click on any graphs to segment what you’re looking for. If you use these graphs for your own research, please cite Security Token Market accordingly.
Source: Security Token Market (STM.co)
Logos: Found Here


Total Market Cap

$50,475,903,228.16 0.63%

Volume

$103,409.19 20.92%

Tokens Tracked

719

Marketplaces

43



Featured Token: BlackRock USD Institutional Digital Liquidity Fund ($BUIDL)

STM will feature tokens periodically based on insightful data trends found. For more information on BlackRock USD Institutional Digital Liquidity Fund click here


The BlackRock USD Institutional Digital Liquidity Fund ($BUIDL) will provide qualified investors with the opportunity to earn U.S. dollar yields by subscribing to the Fund through Securitize Markets, LLC. Through the tokenization of the Fund, BUIDL will offer investors important benefits by enabling the issuance and trading of ownership on a blockchain, expanding investor access to on-chain offerings, providing instantaneous and transparent settlement, and allowing for transfers across platforms. BNY Mellon will enable interoperability for the Fund between digital and traditional markets.

Breakdown

Breakdowns can be useful to analyze the market based on investor type, blockchain, and more. Hover over and click on any graphs to segment what you’re looking for. If you use these graphs for your own research, please cite Security Token Market accordingly.
Source: Security Token Market (STM.co)
Logos: Found Here


*This graph shows the investor type able to participate in the primary offering stage

United States Markets

STM tracks the following US maketplaces: INX ONE, tZERO, and Securitize Markets



International (Non-US) Markets

STM tracks the followinig Non-US marketplaces: RealT/ Levinswap, Aktionariat, BigONE, Bitfinex Securities, ERX, MERJ, StellarX, and Uniswap


Private Credit and Asset-Backed Securities (ABS)

These asset classes have grown in the tokenization space over the last few years. The following graphs are representative of data from Figure, Provenance Blockchain, LiquidFi, Security Token Advisors, and RWA.xyz. Hover over and click on any graphs to segment what you’re looking for. If you use these graphs for your own research, please cite Security Token Market accordingly.
Source: Security Token Market (STM.co)
Logos: Found Here



*Does Not Represent Complete Q4 2023 Numbers

Tokenized Debt

Tokenization has been used for bond issuances mainly via investment banks and municipalities, targeting other institutional buyers rather than the masses. Hover over and click on any graphs to segment what you’re looking for. If you use these graphs for your own research, please cite Security Token Market accordingly.
Source: Security Token Market (STM.co)
Logos: Found Here


Total Issued

Issued Institutional Bonds (including those at maturity)

$21,352,224,322

Institutional Bonds

This table includes both active bonds and those at maturity for a comprehensive overview. The table on STM.Co’s homepage includes only those that are active.


Token Ticker Size USD Coupon Country Issuance Platform Term End
LUGANO100M2 $114,000,000 1.415% Switzerland SIX Digital Exchange (SDX) Feb 05, 2034
DAIWA1B $6,600,000 0.800% Japan Progmat Feb 21, 2025
HKGBGR2602B $86,000,000 3.647% Hong Kong HSBC Orion Feb 07, 2026
HKGBGR2602 $200,000,000 4.749% Hong Kong HSBC Orion Feb 07, 2026
HKGBGR2602-R $210,000,000 2.900% Hong Kong HSBC Orion Feb 07, 2026
HKGBGR2602C $260,000,000 3.800% Hong Kong HSBC Orion Feb 07, 2026
GFS100M $100,000,000 N/A Hong Kong ABT Tech Jan 23, 2034
HTHIY10B $69,000,000 0.598% Japan ibet for Fin Dec 14, 2028
OKASAN2B $13,400,000 N/A Japan Progmat Dec 20, 2024
BASEL105M $120,000,000 1.300% Switzerland SIX Digital Exchange (SDX) Dec 01, 2027
ZURICH100M $113,000,000 1.450% Switzerland SIX Digital Exchange (SDX) Dec 01, 2034
EIB100M2 $104,000,000 2.507% Luxembourg GS DAP Nov 29, 2024
UBS375M $417,598,500 2.330% Switzerland SIX Digital Exchange (SDX) Nov 14, 2025
PFDAVVNDA110M $22,972 N/A Colombia IDB Lab Aug 23, 2032
MARUI120M $860,000 1.000% Japan Securitize Markets Jun 20, 2023
OSL10K $10,000 N/A Hong Kong OSL Digital Securities Oct 26, 2022
UBP11B $209,000,000 3.250% Philippines Philippine Depository and Trust Corp. (PDTC) Dec 02, 2023
SOCGEN40M $43,600,000 N/A France Societe Generale - FORGE May 14, 2030
EIB100M $121,000,000 N/A France Societe Generale - FORGE Apr 28, 2023
EIB50M $62,000,000 Floating Rate% Luxembourg HSBC Orion Jan 31, 2026
SOCGEN100M $112,000,000 N/A France Societe Generale - FORGE Apr 18, 2029
SOCGEN5M $6,000,000 N/A France Societe Generale - FORGE Apr 15, 2031
BOT50B $1,600,000,000 N/A Thailand Bank of Thailand Sep 11, 2030
OLAM400M $295,000,000 4.000% Singapore SGX-ST Mar 01, 2026
FAT2020-1-B2 $20,000,000 9.000% United States Cadence (Now Percent) Apr 27, 2026
FAT2020-1-A2 $20,000,000 6.500% United States Cadence (Now Percent) Apr 27, 2026
BBVA35M $37,492,350 Linked to the evolution of the five year euro swap rate% Spain BBVA Feb 19, 2025
CSING25M $30,480,000 N/A Switzerland HQLAx Aug 08, 2027
BOC20B $2,800,000,000 3.250% China Bank of China Dec 03, 2021
BNC20M $20,000,000 1.980% Spain Nivaura Sep 10, 2020
BONDI2 $33,500,000 2.200% Australia bond-i Platform Aug 28, 2020
BONDI $77,000,000 2.200% Australia bond-i Platform Aug 28, 2020
SOCGEN10M $10,800,000 N/A France Societe Generale - FORGE Nov 30, 2026
PBT15B $270,000,000 6.500% Philippines Philippine Digital Asset Exchange (PDAX) Nov 20, 2024
DB1B $1,060,000,000 3.875% Germany D7 Sep 28, 2026
DB750M $795,000,000 3.750% Germany D7 Sep 28, 2029
DB1-25B $1,325,000,000 3.875% Germany D7 Sep 28, 2033
ALT2612 $10,000,000 10% Luxembourg Bitfinex Securities Nov 14, 2033
QUINCY10M $9,615,000 0% United States Onyx Digital Assets Apr 25, 2031
KFW4B $5,538,000,000 2.75% Germany D7 Jul 02, 2027
MARUI170M $1,100,000 1% Japan Securitize May 01, 2034
DEKABANK5M $5,410,000 0 Germany D7 Jul 01, 2034
DZBANK5M $5,410,000 0 Germany D7 Jul 01, 2034
KFW100M $108,000,000 3.125% Germany Cashlink Technologies GmbH Dec 10, 2025
CDP25M $27,220,000 3.633% Italy Bank of Italy's "TIPS Hash Link" Nov 18, 2024
NATIXIS100M $110,880,000 0 Germany SWIAT Aug 28, 2034
AIIB300M $500,000,000 4% Luxembourg Euroclear DFMI Jan 15, 2027
SIEMENS300M $333,000,000 0 Germany SWIAT Sep 04, 2025
SAXONY50M $55,350,000 0 Germany Euroclear D7 Sep 11, 2034
SIEMENS100M $110,306,000 0 Germany SWIAT Sep 16, 2024
KFW3B $3,258,150,000 0 Germany D7 Oct 17, 2031
HSBC1B $128,000,000 3.6% Hong Kong HSBC Orion Sep 27, 2025
WIB5M $5,400,000 0 Germany Cashlink Oct 08, 2034
ABN1-1M $1,195,000 0 Luxembourg D7 Nov 04, 2024
LBANK50M $54,000,000 0 Germany D7 Nov 28, 2024
CDC100M $108,000,000 3.33% France Euroclear D-FMI Nov 07, 2034
INTESA10M $10,794,500 0 Italy Clearstream D7 Nov 18, 2024
EIB100M3 $105,345,000 2.36% Luxembourg HSBC Orion Nov 19, 2027
EIB100M4 $104,685,000 2.545% Luxembourg GS DAP Nov 22, 2029
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