Stellar Network by Stellar Development Foundation: status and timeline

Stellar Network

Enable institutions to issue and settle tokenized real-world assets 24/7 on a decentralized network.

ScalingStage 5 of 5

Processes 4.9M daily transactions with $3.05B in tokenized RWAs. Protocol 26 live since May 2026.

Updated 6 May 2026Checked 11 Oct0 updates this week

Milestones

Next · New institutional RWA issuers launch

Stellar network launches2014Complete.
Franklin Templeton launches BENJI, first US-registered tokenized MMF2021Complete.
BENJI AUM reaches $1 billion2024Complete.
Stellar hosts $1B in tokenized RWAsJan 2026Complete.
Protocol 26 launches with compliance features6 May 2026Complete.
BENJI AUM reaches $1.98B; network hosts $3.05B in RWAsApr 2026Complete.
Network processes 4.9M daily transactions in Q2Q2 2026Complete.

Most important updates

Upcoming

2027New institutional RWA issuers launch (next)

Current obstacles

Regulatory approval varies by jurisdictionEach country has different rules for tokenized assets, requiring individual approval processes that slow adoption.
Liquidity concentration in anchored assetsMost value is in traditional anchors (money market funds, stablecoins) rather than decentralized assets, maintaining dependence on centralized entities.

Physics limits

Throughput limited by consensus latencyStellar's Byzantine consensus adds overhead compared to single-leader or proof-of-work designs, limiting peak throughput.
Composability limited by asset modelUnlike smart contract platforms, Stellar's asset model is simpler but less flexible for complex financial instruments or derivatives.

How it works

4 parts

Consensus

Byzantine Fault Tolerant agreement

Quorum slices reach agreement on transactions in seconds without proof-of-work overhead.

Assets

Institutional asset issuance on-chain

Institutions issue tokenized assets backed by reserves; investors hold and transfer them directly.

Settlement

24/7 peer-to-peer transfers

Continuous settlement including nights and weekends with instant confirmation, unlike closed markets.

Yield

Automated dividend distribution

Assets distribute yields daily or by the second during transfer, without manual distribution events.

Spec sheet

Spec	Stellar Network
Daily transaction average (Q2 2026)	4.9M^R (reported)
Tokenized RWA TVL	$3.05B^R (reported)
BENJI money market fund AUM	$1.98B^R (reported)
Stablecoin transfer volume (Q2 2026)	$11.4B^R (reported)

^R reported by the company

Update log

3 updates

About Stellar Development Foundation

The team behind Stellar Network

Stellar Development Foundation

Stellar network, tokenized RWAs, stablecoin settlement

US non-profit developing the Stellar network, an open-source blockchain for payments and asset issuance. Founded 2014. By mid-2026, processed 4.9M daily transactions and hosted $3B+ in tokenized RWAs.

Stellar is a blockchain network optimized for cross-border payments and asset issuance, with 4.9M daily transactions in Q2 2026.
Hosts $3.05B in tokenized RWAs including Franklin Templeton's $1.98B BENJI money market fund.
Protocol 26 (May 2026) added compliance features. Assets enable 24/7 settlement with automated dividend distribution.

stellar.org (opens stellar.org)Company profile →

Founded: 201412 yrs
Headquarters: United States
Status: Non-profit
Valuation: non-profit
Works in: CryptoStablecoins & tokenization
Coverage: 1 program · 3 updateslatest 6 May 2026checked 11 Oct
Partners: Franklin Templeton (opens franklintempleton.com)

Spec

Stellar Network

Daily transaction average (Q2 2026)

4.9M^R (reported)

Tokenized RWA TVL

$3.05B^R (reported)

BENJI money market fund AUM

$1.98B^R (reported)

Stablecoin transfer volume (Q2 2026)

$11.4B^R (reported)

Stellar Network

Milestones

Most important updates

Upcoming

Current obstacles

Physics limits

How it works

Byzantine Fault Tolerant agreement

Institutional asset issuance on-chain

24/7 peer-to-peer transfers

Automated dividend distribution

Spec sheet

Update log

Wed 6 May

Q2 2026

Apr 2026

About Stellar Development Foundation

Current obstacles

Physics limits

How it works

Byzantine Fault Tolerant agreement

Institutional asset issuance on-chain

24/7 peer-to-peer transfers

Automated dividend distribution

Spec sheet

Update log

Wed 6 May

Q2 2026

Apr 2026

About Stellar Development Foundation