Stellar Lumens (XLM) has been picked for a variety of government-related debt tokenization on the DLT-based network. Stellar’s (XLM) equity linked to non-US governmental debt has kept the lead in the Real World Asset (RWA) field since February, 2026.
A vast majority of the $490 million tokenized foreign government bonds belong to Spiko. They’re running euro-denominated T-bills and a EUTBL money market fund in the European Economic Area (EEA), while Etherfuse Stablebonds runs sovereign debt for Brazil & Mexico.
Another product that stands out is the Marshall Islands USDM1, a ~$100M USD-denominated sovereign bond issued on Stellar & backed 1:1 by short-term US Treasuries, structured under New York law, used partly for on-chain UBI disbursements).
Stellar Leads The RWA Pack With 100+ Bonds Coming
It is frequently listed alongside the others in Stellar’s roster spanning five continents, though its US-Treasury collateral can affect strict “non-US” classification in some blockchain data trackers. In the near future, Etherfuse Stablebonds has an explicit long-term goal of bringing ~100 sovereign currencies & debt instruments on-chain.
These will cover the broad markets Mexico, Brazil, Korea, UK Gilts, Eurozone & The United States. Next up, The UK is targeting a digital gilt (DIGIT) pilot around early 2027, while India is piloting tokenized corporate & REC bonds. The implication on Stellar Lumen’s (XLM) market cap may necessitate from the trading volumes across the new RWA products.
Presently, Stellar’s native XLM token is trading near the $0.20 confluent resistance level, nearly three cents above the green-labelled SuperTrend price. Big-time crypto investors, popularly referred to as crypto whales, have returned back to acquiring the asset, pushing the CMF back to positive levels.
If the sentiment holds strong, Stellar’s (XLM) next price target centers around $0.25. The OG altcoin topped out at this level a few months ago, and XLM’s bulls are now eager to produce a comeback at that confluent area as the SuperTrend price sustains in bullish territory for a week.
