South Korea's Financial Services Commission proposed detailed rules for tokenized securities, including capital requirements, OTC trading licenses and retail investment limits, with implementation planned for February 4, 2027.
Backpack CEO Armani Ferrante announced plans to expand tokenized stock access on Solana from approximately 200 symbols to 10,000, enabling shares to move between traditional brokerage accounts and decentralized finance platforms.
Ethena has started using Binance's tokenized stocks (bStocks) as spot collateral for its $4.9 billion USDe stablecoin, hedging them with short positions in Binance equity perpetual futures. This marks Ethena's first expansion of its basis trading strategy beyond crypto assets into traditional equities, potentially opening access to a $150 trillion market.
ARK Invest tokenized its ARK Venture Fund (ARKVX), a closed-end interval fund with approximately $1.3 billion in net assets, enabling eligible investors to subscribe and redeem holdings onchain using USDC through a partnership with Securitize.
The New York Stock Exchange and crypto exchange Blockchain.com signed a memorandum of understanding to give Blockchain.com's 44 million users access to tokenized US-listed stocks and ETFs through NYSE's planned 24/7 digital trading venue.
Ondo Finance has introduced a feature allowing eligible institutions to directly convert existing shares and ETFs into tokenized equivalents on blockchain, or redeem tokens for underlying shares. The service is live on Ethereum and BNB Chain through integration with Alpaca.
South Korean brokerage Eugene Investment & Securities has signed a memorandum of understanding with blockchain company BEATOZ to conduct a proof of concept testing stablecoin settlement for tokenized securities subscriptions. The pilot aims to create an end-to-end onchain process covering subscription, payment, and settlement.
Binance Wallet has introduced Pre-Access campaigns via PancakeSwap, enabling eligible retail investors to subscribe to tokens that provide indirect economic exposure to private companies before they go public. The initiative targets approximately 1,300 private firms valued above $1 billion, representing roughly $4.7 trillion collectively.
The New York Stock Exchange has been testing Avalanche blockchain technology for approximately one year as part of its infrastructure development for tokenized securities, according to Ava Labs President Charley Cooper. The testing represents the exchange's exploration of blockchain solutions for its tokenization business.
Neutrl launched a redemption portal on September 17, 2026, allowing holders to redeem NUSD and sNUSD tokens at 51 cents on the dollar. The move comes as Strata scheduled a 48-hour valuation update that would write the junior tranche (jrNUSD) to zero while senior tranche withdrawals settle at revised share values.
Blockchain finance platform Theo has launched thSLVR, a tokenized silver product that generates returns from silver lease commitments. The yield-bearing token is backed by $40 million in active leases, allowing investors to lend underlying silver to institutions and receive lease income.
DeFi Development, a Solana treasury management company, has opened a $300 million stock offering called CHAD, selling up to 30 million shares with a 13% dividend. The offering is backed by the company's Solana holdings, though actual proceeds and SOL allocation remain undetermined.
Robinhood CEO Vlad Tenev announced plans to introduce one-for-one share redemptions and voting rights for the company's stock tokens, which are currently structured as offshore debt instruments without shareholder rights. The changes come after criticism over the tokens' structure, which currently excludes physical delivery of shares and grants no voting rights.
India's securities regulator SEBI and central bank RBI have launched a pilot program called Demat 2.0 that converts corporate bonds into digital tokens and settles transactions using the wholesale digital rupee. Finance Minister Nirmala Sitharaman urged the RBI to advance digital rupee capabilities as the tokenization initiative takes off.
Canada's Office of the Superintendent of Financial Institutions (OSFI) has clarified that tokenized deposits will be treated the same under law as traditional bank deposits, stating that underlying technology does not determine a financial product's legal character. The guidance provides federally regulated financial institutions clearer direction on using blockchain technology.
India's SEBI and RBI launched Demat 2.0, a pilot testing tokenized corporate bonds with three companies issuing 10.25 billion rupees ($107 million) using blockchain infrastructure and settling through the RBI's wholesale digital rupee.
The UK House of Lords has passed an amendment mandating HM Treasury to develop a formal strategy covering cryptoassets, stablecoins, tokenized securities, and digital financial infrastructure. The move signals pressure on the Treasury to establish a comprehensive approach to digital assets.
Major exchange operators Nasdaq and Boerse Stuttgart, along with other finance and crypto industry groups, are calling on the European Union to scrap or significantly raise its proposed 100 million euro cap on tokenization trials, arguing the limit is too restrictive.
Nasdaq Inc. is investing $100 million in Payward, the parent company of cryptocurrency exchange Kraken, valuing the firm at $21 billion. The deal will help build infrastructure for trading tokenized stocks, with Kraken set to distribute Nasdaq's tokenized securities that carry the same voting rights as traditional shares.
Nasdaq's venture arm is investing $100 million in Payward, the parent company of cryptocurrency exchange Kraken, valuing the firm at $21 billion. Kraken will distribute tokenized Nasdaq-listed stocks that carry the same voting rights as traditional shares.
Solana memecoin platform Pump.fun introduced a Custom Pairs feature on September 9, allowing new tokens to trade against 93 quote assets including tokenized stocks like Nvidia, Tesla, and the S&P 500, expanding beyond its traditional SOL and USDC settlement options. The platform's mobile app also surpassed Robinhood Chain in Solana trading volume.
ARK Investment Management has requested SEC permission to issue a tokenized share class for its ARK Venture Fund, with ownership recorded on blockchain and tradable on registered alternative trading systems. If approved, it would make ARK one of the first US funds to offer SEC-cleared tokenized shares.
The total market cap of assets on Robinhood Chain has climbed to approximately $1.87 billion, with tokenized stocks accounting for $73 million in DeFi deposits. The blockchain launched less than a month ago.
AMC Entertainment CEO Adam Aron called on Robinhood to halt trading of tokens linked to AMC shares, arguing the products were created without permission and threatening to file a complaint with the SEC. The dispute highlights emerging tensions over tokenization of traditional securities.
South Korea's Financial Services Commission introduced a comprehensive three-stage plan to tokenize stocks, bonds, and funds, with the final phase connecting securities settlement to stablecoin-based payments. The regulatory framework will become law in 2027, with full implementation targeted for February 2027.
South Korea's Financial Services Commission introduced a comprehensive three-stage plan to tokenize stocks, bonds, and funds, with the final phase connecting securities settlement to stablecoin-based payments. The regulatory framework will become law in 2027, with full implementation targeted for February 2027.
Banco do Brasil invested in a $5 million digitally native structured note issued by Citi on Euroclear's blockchain-based infrastructure, marking the first institutional investment of its kind in Latin America and pioneering blockchain-based investment instruments in the region.
AMC Entertainment CEO Adam Aron criticized Robinhood's tokenized AMC shares, stating the company did not authorize the product. The dispute highlights the emerging market for synthetic stock exposure through tokenized securities.
AMC Entertainment CEO Adam Aron publicly called on Robinhood to stop trading tokens linked to AMC shares, calling the products 'contemptible, outrageous, and vile.' Robinhood's chief legal officer refused the demand, escalating tensions over synthetic equity products.
Cari, a US tokenized deposit network targeting regional, mid-size, and community banks, has raised $32.5 million in the first tranche of its initial funding round, with all investment coming from banks. The funding was part of a week that saw $292.35 million in crypto and blockchain funding across 10 deals.
Laser Digital, Nomura's digital asset subsidiary, is partnering with Keyring Network to develop institutional-grade onchain fixed-income products for decentralized lending markets. The first markets are being prepared for Euler Finance, though neither company disclosed committed capital or fee terms.
The SEC proposed allowing blockchains to serve as official records of share ownership while imposing new risk-management and cybersecurity duties on transfer agents, the first substantive update to these rules in over 40 years.
The Securities and Exchange Commission proposed its first substantive update to transfer agent regulations since the late 1970s and early 1980s, with new reporting requirements that include questions about tokenized securities and blockchain technology. The proposal opens a 60-day comment period.
The Securities and Exchange Commission proposed its first substantive update to transfer agent regulations since the late 1970s and early 1980s, with new reporting requirements that include questions about tokenized securities and blockchain technology. The proposal opens a 60-day comment period.
The Neuberger Securitize High Income Tokenized Fund (HINC), which holds high-yield corporate bonds and CLO tranches, is now accepted as collateral on Loopscale, allowing eligible investors to borrow USDG against their positions on Solana.
Binance, the world's largest cryptocurrency exchange, has introduced physically settled options contracts tied to more than 1,000 US-listed stocks and exchange-traded funds through a partnership. Unlike traditional US brokers, Binance's options do not exercise automatically, requiring manual instruction from traders.
The London Stock Exchange Group plans to launch tokenized stocks backed by shares of London-listed companies, partnering with Payward, the parent company of crypto exchange Kraken. The initiative aims to expand global access to UK equities through digital assets and 24-hour trading.
Intercontinental Exchange agreed to collaborate with tZERO on infrastructure for its planned NYSE-affiliated tokenized securities market, with ICE investing in tZERO and licensing its platform while tZERO serves as design partner.
Bank for International Settlements General Manager Pablo Hernández de Cos told the Federal Reserve's Jackson Hole Economic Policy Symposium on August 28 that stablecoins do not credibly function as a payment method at scale, while tokenized deposits offer a more compelling case for harnessing blockchain technology in the financial system.
Japan's Financial Services Agency, Finance Ministry, and Bank of Japan are working to establish blockchain infrastructure for instant settlement of stocks and JGBs, with a development plan expected by early 2027.
Bitwise Asset Management launched Automated Token Portfolios (ATPs) on Base, allowing eligible non-U.S. investors to hold self-custodied portfolios of Coinbase-issued tokenized U.S. stocks. The first active strategy, Mag7X, includes four tokenized stocks from the Magnificent 7 companies.
India's market regulator SEBI will launch a pilot program in September featuring the country's first tokenized corporate bonds, with state-owned REC Limited planning to raise up to $57 million through blockchain-based transactions settled using a central bank digital currency.
The Securities and Exchange Commission unveiled its first crypto-specific fundraising framework in 90 years, offering exemptions up to $75 million for tokenized securities. The proposal comes as President Trump hosted crypto executives and urged Congress to pass the CLARITY Act, with a Senate vote scheduled for September 15.
Injective has obtained SEC transfer agent registration through its affiliate Injective Institutional Services, joining a small group of crypto organizations with regulated securities infrastructure capabilities. The registration enables the blockchain platform to provide regulated securities ownership recordkeeping and transfer services.
Securitize and Neuberger launched the Neuberger Securitize High Income Tokenized Fund (HINC), a tokenized fixed-income fund investing primarily in high-yield bonds. The fund operates across Ethereum, Solana, Avalanche, and Sui blockchains, marking Neuberger's first engagement as subadvisor to a tokenized fund.
Toyota Finance has opened applications for its second tokenized bond worth ¥1 billion ($6.8 million) that retail investors can purchase directly through the Toyota Wallet mobile app, paying 1.72% annually without requiring a securities account. This builds on the company's debut tokenized bond issuance earlier in 2025.
Crypto exchange Kraken has rolled out access to over 7,000 US stocks to eligible customers across the European Economic Area, offering traditional equities alongside tokenized assets and cryptocurrencies on a single platform. The exchange claims to be the first trading platform to offer Europeans traditional US stocks and tokenized assets side-by-side.
Bitwise Asset Management has partnered with Superstate to tokenize shares of its Solana Staking ETF (BSOL), allowing investors to hold fund shares as blockchain-based tokens. The company stated that investor rights and purchase channels would remain unchanged, though tokenized shares would face transfer restrictions.
The Securities and Exchange Commission has postponed its planned innovation exemption for tokenized securities and abruptly canceled an August 14 meeting where crypto reform rules were expected to be considered. The delays come amid concerns from Wall Street and the White House, and as Senate recess weakens momentum for the Clarity Act.
Ethereum DeFi platform Ether.fi has upgraded its non-custodial neobank with tokenized stock and metals trading, portfolio-backed borrowing via Aave at approximately 4% rates, and expanded fiat payment support across 30+ currencies. The Summer release also introduces programmatic ETHFI token buybacks funded from all revenue streams.
Crypto.com has introduced tokenized stock derivatives allowing users to gain exposure to 1,500 U.S. stocks and ETFs directly through its app, joining a broader industry push by crypto exchanges into equities trading. The launch follows similar moves by platforms like Dinari, which recently opened 724 tokenized U.S. stocks to eligible investors.
Coinbase has received a Financial Services Permission from Abu Dhabi's financial regulator to establish an international tokenization hub in the emirate. The license covers arranging deals in investments and custody of tokenized securities.
Broadridge Financial Solutions' blockchain-based Distributed Ledger Repo platform processed $8 trillion in transaction volume during July 2026, marking a significant milestone for the institutional distributed ledger technology platform in the repurchase agreement market.
Wells Fargo will introduce tokenized deposits starting this fall, beginning with limited dollar-to-pound exchange for select corporate clients. The move puts Wells Fargo in competition with JPMorgan and Citi in the race to tokenize Wall Street's settlement infrastructure.
NYSE President Lynn Martin announced on August 10 that the exchange is continuing to develop infrastructure for onchain settlement of tokenized securities. The blockchain-based platform is being developed under parent company Intercontinental Exchange to enable trading and settlement of tokenized securities.
Coinbase began rolling out access to nearly 4,000 US stocks to eligible UK customers on August 6, 2026, offering 24-hour trading five days a week with zero commissions and fractional shares. The service integrates equities with crypto in a single app as part of the company's 'Everything Exchange' strategy.
Real-world asset (RWA) deposits in decentralized finance platforms surged to $7.4 billion in Q2 2026, more than tripling from the previous year, even as overall DeFi deposits fell approximately 15%. The growth was driven by tokenized Treasury funds and products like BlackRock's BUIDL and Sky's sUSDS, according to a CoinShares report.
Payward, parent company of cryptocurrency exchange Kraken, is enabling holders of its xStocks tokenized equities to participate in corporate governance through proxy voting, partnering with Broadridge to facilitate the integration. The move marks a significant shift from the platform's previous policy where xStocks holders had no voting rights.
BlackRock introduced blockchain-based tokenized share classes for six European money market funds in its Institutional Cash Series, using JPMorgan's Kinexys platform to mint tokens on the Ethereum blockchain. The initiative marks a significant expansion of digital asset technology into mainstream institutional finance.
Dinari became the first company to offer eligible U.S. investors access to over 700 tokenized stocks, including the entire S&P 500, through self-custody wallets using USDC stablecoin. The platform, launched in partnership with Circle, allows trading of blockchain-based shares backed one-to-one by underlying securities.
Enlivex Therapeutics has entered into a securities purchase agreement with an institutional investor for a private placement valued between $400-800 million, with the investor potentially funding the deal using RAIN tokens, raising concerns among shareholders.
Cryptocurrency exchange Bybit announced on July 31, 2026, that it will allow users to pledge six tokenized stocks (xStocks) as collateral across its margin trading, crypto loans, and institutional lending services. The tokenized equities include shares of Nvidia, Apple, Tesla, Robinhood, Circle, and Google.
Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger after receiving approval from Irish regulators, marking a significant institutional adoption of blockchain technology for traditional asset management.
On-chain transfer volume for tokenized equities reached $9.22 billion in a single month in 2026, with the tokenized traditional finance market hitting $6.6 billion. Robinhood launched its own blockchain on July 1 to enable tokenized stock trading, with the platform tripling in size since mid-July.
Binance's bStocks, a tokenized securities platform offering 24/7 trading access to stocks, has crossed $500 million in assets under management just seven weeks after its launch, driven primarily by demand from Gen Z investors seeking round-the-clock market access through blockchain technology.
Tokenization platform Securitize gained SEC investment adviser registration through its subsidiary, partnered with Uniswap Labs on permissioned trading pools for tokenized assets, and saw South Korea's Hanwha Group become its largest shareholder with a 9.6% stake.
Tether's gold-backed digital asset XAU₮ received Shariah compliance certification from Amanah Advisors in July 2026, allowing Islamic banks, institutions, and individuals to access blockchain-based physical gold ownership without exposure to interest or leverage.
Tokenized real-world assets on Robinhood Chain rose roughly fivefold to about $70 million in less than two weeks, with tokenized GameStop leading tokenized-stock daily volume at $26.6 million. According to CryptoRank data cited by BeInCrypto, applications on the network generated $25 million in fees in the week ending July 24, ranking third behind Ethereum and Solana. FalconX research cited by TechTimes estimated that memecoin speculation accounted for more than 80% of the chain's cumulative decentralized exchange volume, which had surpassed $9 billion since launch.
Alpaca, a custody provider, now holds over $1.5 billion in shares backing tokenized equities, representing approximately 94% of the tokenized stock market. This concentration emerges as crypto exchanges increasingly offer tokenized securities products that allow traders to access traditional assets without opening conventional brokerage accounts.
Tokyo-listed Metaplanet purchased Siiibo Securities for approximately $13 million (2.1 billion yen), gaining a Type I securities brokerage license to develop Bitcoin-backed credit products and tokenized securities in Japan's regulated market. The move signals a strategic shift from passive Bitcoin accumulation to building an active Bitcoin-focused financial platform.
Oasis Pro Markets, a subsidiary of Ondo Finance, has secured regulatory authorization from the SEC and FINRA to offer tokenized equities, ETFs, mutual funds, and IPO securities to U.S. investors. The approval marks a significant regulatory milestone for tokenized securities in the United States.
Cryptocurrency exchange Bybit has integrated xStocks tokenized equities into its Dual Asset structured product, offering fixed-return yield products backed by shares of SpaceX, Nvidia, Apple, Alphabet, Coinbase, and Amazon with investment periods ranging from 8 hours to 1 day.
Robinhood's Ethereum Layer-2 blockchain, launched July 1, 2026, has generated over $2 million in cumulative revenue and surpassed Coinbase's Base in daily active users, though on-chain data shows more than 80% of its $9 billion trading volume comes from memecoin speculation rather than its intended focus on tokenized stocks.
Uniswap Labs announced Permissioned Pools, a new hook standard for Uniswap v4 that enables regulated trading of tokenized funds, equities, and other real-world assets through automated market makers with onchain compliance controls. The feature was developed in collaboration with Securitize, Superstate, and Dowgo.
LayerZero Labs and Keeta announced a partnership to make tokenized commercial bank money natively transferable across Ethereum, Solana, Base, and the Keeta Network. Keeta Stablecoins will be backed by commercial bank deposits held through Bivo, a U.S.-licensed financial technology platform, and are scheduled to become available later in July 2026 in nine currencies.
Mubadala Capital, the asset management arm of Abu Dhabi's $385 billion sovereign wealth fund, has launched a tokenized version of one of its private markets investment strategies on multiple blockchains including Solana, Sui, and Base, with Coinbase taking exposure in the fund through a partnership with Abu Dhabi FinTech firm Kaio.
Tassat has unveiled Project NENYA, a stablecoin reserve management platform it expects to launch in early 2027. The proposed platform is designed to connect regulated stablecoin issuers with regional and midsize U.S. banks and facilitate reserve allocation across cash deposits and tokenized high-quality liquid assets. The announcement follows the passage of the GENIUS Act.
Monthly trading volumes for tokenized real-world asset (RWA) perpetual futures have grown more than fivefold to $470 billion, driven primarily by tokenized equity products. Public equities now represent 46% of the RWA perpetuals market with $2 billion in open interest, while Solana captures 95% of on-chain tokenized stock trading volume.
Britain announced plans to conduct its first tokenized sovereign bond transaction, known as DIGIT, by the first quarter of 2027. HSBC became the first Digital Securities Sandbox entrant to receive Gate 2 approval from the Bank of England to provide live Digital Securities Depository services through HSBC Orion. Industry experts said the initiative's success depends on developing adequate on-chain cash settlement infrastructure.
Cryptocurrency exchange MEXC has hired Robert MacDonald, a former compliance executive at Bybit and Binance, as its Chief Compliance Officer. The appointment comes as MEXC expands into tokenized stocks and other regulated financial products.
Several financial-market firms announced separate expansions: 1exchange added UBS Asset Management's tokenized uMINT money market fund for secondary trading on July 22, 2026; CoinShares launched a UCITS platform, with its Bitcoin Mining UCITS ETF beginning trading on Deutsche Börse Xetra on July 21 after launching on July 16; and the London Stock Exchange announced plans to launch LSE 24, a separate night-time trading venue, in the first half of 2027.
Payward, the parent company of crypto exchange Kraken, announced a partnership with fintech infrastructure provider GTN to expand its xStocks tokenized stock platform beyond US equities to international markets including Hong Kong, South Korea, the UK, and Europe, subject to regulatory approvals.
Crypto trading platform Uphold has launched a new equities service allowing U.S. customers to trade more than 4,000 U.S. stocks and ETFs, including fractional shares, directly from their crypto holdings without transferring funds to another platform.
The market for tokenized U.S. Treasury securities has surged 2.5 times over the past year to approximately $15.9 billion, while Bank of New York Mellon announced plans to enable round-the-clock settlement for both conventional and tokenized Treasuries by 2027.
Brazil's Comissão de Valores Mobiliários (CVM) has launched a working group to develop an experimental regulatory framework for tokenized securities based on distributed ledger technology, with a primary proposal due within 60 days and a comprehensive framework expected within 120 days.
The Depository Trust & Clearing Corporation processed live production trades involving tokenized stocks, ETFs, and U.S. Treasurys with nearly 40 financial firms including JPMorgan, BlackRock, Goldman Sachs, and Vanguard, marking Wall Street's largest tokenization initiative to date.
Wall Street investment bank Cantor Fitzgerald has announced a collaboration with Securitize to create a pathway for companies to conduct initial public offerings and follow-on equity offerings using blockchain tokenization technology. Cantor will provide equity capital markets and trading expertise while Securitize supplies regulated tokenization infrastructure.
The Depository Trust & Clearing Corporation, which processes virtually all U.S. securities transactions and custodies over $114 trillion in assets, announced it will begin limited production trades of tokenized securities in July 2026, with full service launch planned for October 2026. The initiative has backing from over 50 financial firms and follows SEC no-action relief granted in December 2025.
