Sep 29, 2026
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.
BlackRock introduced three investment portfolios as blockchain-based tokens through Ondo Finance, marking the asset manager's latest push into tokenized traditional finance. The portfolios are based on model strategies developed by BlackRock.
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.
Pendle has opened a new market enabling DeFi users to trade fixed and variable yields on tokenized private infrastructure assets through the NGI+ token, bridging institutional-grade infrastructure investments with decentralized finance.
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.
Ondo Finance's broker-dealer subsidiary Oasis Pro Markets has joined DTCC's Fund/SERV processing network, which handles over 85% of US mutual fund transactions. This marks the first time a tokenization company has connected to the traditional finance infrastructure, though neither company specified which Ondo products will use the network or when transactions will begin.
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.
Aave Labs announced plans to launch the Aave V4 RWA Hub on Avalanche, a dedicated real-world asset credit market that would allow institutions to borrow USA₮ stablecoins against tokenized collateral. Both the hub and USA₮ listing require Aave DAO approval, with no launch date specified.
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.
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.
UK challenger bank Monument Bank has postponed the rollout of its retail tokenized deposit product, originally planned for earlier this year, now targeting a November launch. The delay stems from custody-related regulatory issues in the UK, affecting the bank's plan to offer tokenized deposits via public blockchain using Midnight's zero-knowledge technology.
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.
Indian agricultural warehouse company Arya.ag is putting records for approximately $2 billion in stored crops and grain-backed loans onto an Avalanche-based blockchain. The initiative tokenizes grain deposits, warehouse receipts, and loans for agricultural lenders in India.
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.
DBS Bank and Citibank executed the first weekend USD payment between Singapore and the US using tokenized deposits via Swift's Digital Ledger, demonstrating 24/7 settlement capabilities for traditional banking infrastructure.
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.
Pineapple Financial has migrated over $1 billion in residential mortgage records onto Injective, a layer-1 blockchain focused on financial applications. The milestone represents a significant step in the tokenization of traditional lending records by a conventional financial institution.
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.
Dubai's Virtual Assets Regulatory Authority (VARA) and BlackRock-backed tokenization platform Securitize have signed a Memorandum of Understanding to develop regulated tokenized markets and digital asset infrastructure in Dubai.
Animoca-backed Pencil Finance completed a $1 million student loan financing cycle entirely on-chain, providing financing to approximately 6,600 underserved students in Southeast Asia. The milestone marks the first time student loan capital has moved from funders to borrowers and back entirely on blockchain.
Natural disasters are projected to cost over $450 billion globally this year with only 38% insured, prompting efforts to tokenize catastrophe bonds and lower minimum investment thresholds from institutional levels to as low as $5,000 for retail investors.
Figure Technology Solutions closed its $717 million acquisition of Kiavi on September 1, bringing one of the largest US residential real estate investor lenders onto blockchain-based infrastructure. The deal adds approximately $7 billion in tokenized loan volume to Figure's platform.
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.
Better Mortgage and Coinbase have made their token-backed conforming mortgage product generally available to Coinbase One members, allowing eligible borrowers to use crypto assets in the underwriting process without selling their holdings. Coinbase is offering $10,000 in support for closing costs.
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.
Franklin Templeton has partnered with Hong Kong-licensed HashKey Exchange to distribute its tokenized Franklin OnChain U.S. Government Liquidity Fund (grBENJI) to professional digital asset investors in Asia through HashKey's Earn service. The fund represents part of Franklin Templeton's $15 billion real-world asset tokenization portfolio.
Franklin Templeton has partnered with Hong Kong-licensed HashKey Exchange to distribute its tokenized Franklin OnChain U.S. Government Liquidity Fund (grBENJI) to professional digital asset investors in Asia through HashKey's Earn service. The fund represents part of Franklin Templeton's $15 billion real-world asset tokenization portfolio.
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.
Ripple is collaborating with Clearpool and Cicada Partners to build institutional lending infrastructure on the XRP Ledger, using its RLUSD stablecoin to provide working-capital loans to fintech and payments companies. The initiative aims to bring real-world credit markets onchain through a native lending model.
Binance founder Changpeng Zhao (CZ) advocated for countries to tokenize assets as a means to raise capital and attract foreign investment, while cautioning that deploying assets across multiple blockchains could lead to fragmentation issues.
MANTRA Chain, a Layer 1 blockchain focused on real-world asset tokenization, has frozen all transactions and halted network operations as a precautionary measure while investigating an unidentified incident. The MANTRA token fell approximately 9-10% following the announcement, and major exchange MEXC suspended deposits and withdrawals.
MANTRA Chain, a Layer 1 blockchain focused on real-world asset tokenization, halted network operations following an unspecified security incident. The native token dropped 18.5% to an all-time low before partially recovering.
Ripple is collaborating with Clearpool and Cicada Partners to build institutional lending infrastructure on the XRP Ledger, using its RLUSD stablecoin to provide working-capital loans to fintech and payments companies. The initiative aims to bring real-world credit markets onchain through a native lending model.
Robinhood CEO Vlad Tenev and Ondo Finance executive John Hoffman predict tokenization will reshape the financial system, with Hoffman comparing its trajectory to the early adoption curve of exchange-traded funds.
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.
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.
Nasdaq has agreed to acquire LeveL Markets, the third-largest alternative trading system in the US by trading volume, as part of its expansion into tokenized and always-on markets. The move comes as major financial institutions accelerate efforts to move real assets onto blockchains.
Dubai-based maritime platform Shipfinex has partnered with Abu Dhabi's ADI Chain to tokenize approximately 35 commercial vessels worth $500 million, aiming to create new blockchain-based financing channels for shipowners in the $2 trillion shipping asset class.
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.
Britain's Financial Conduct Authority is working with major banks and market participants to establish standards for tokenized gold, aiming to digitize financial markets and reinforce London's position as the global bullion trading center amid competition from Hong Kong and Shanghai.
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.
Tether announced a strategic collaboration with First Advanced Data for Artificial Intelligence LLC and BKN301 to use its Hadron platform as core technology for institutional tokenization in Saudi Arabia.
Wells Fargo announced plans to launch blockchain-based tokenized deposits for corporate and commercial clients, enabling 24/7 fund transfers and settlements. The move comes as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo consolidate their separate blockchain deposit projects into a single shared network operated by The Clearing House.
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.
BlackRock introduced blockchain-based tokenized share classes for select European money market funds and launched two new tokenized funds (BSTBL and BRSRV) designed for stablecoin reserve management, all built on Ethereum in partnership with Kinexys by JPMorgan.
Hyperscale Data has established a Bitcoin-backed DeFi financing program through Morpho Protocol, borrowing approximately $30 million at 4.9% interest to fund expansion of its AI data center in Michigan. The company also sold approximately 100 Bitcoin as part of its financing strategy.
Ripple announced strategic investments in two UK-based fintech companies, ZILO and Licuido, to bring regulated transfer agency, issuance, and collateral mobility infrastructure to the XRP Ledger for tokenized capital markets.
ATIF Holdings Limited (Nasdaq: AUC) has entered into a definitive agreement to acquire GoldCoin Labs Limited, advancing the company's strategy in tokenized real-world assets and gold-backed digital infrastructure.
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.
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.
Japan's dominant security token platform completed migration of ¥452 billion ($3 billion) in regulated assets from Corda 5 to a dedicated Avalanche L1, achieving 3–5x faster transfers. Concurrently, BlackRock's BUIDL fund on Avalanche surged 105% in seven days to surpass $900 million.
Robinhood Markets launched Robinhood Chain, an Ethereum layer-2 blockchain built on Arbitrum technology for tokenized stocks and real-world assets. The network processed $3.1-4 billion in DEX volume in its first week, driven by memecoin trading and gas subsidies, with Uniswap collecting $4.38 million in daily fees from the platform.
Swift announced its blockchain-based ledger is ready for initial use, with 17 banks from six continents preparing to pilot live transactions using tokenized deposits for 24/7 cross-border payment availability. The system moved from concept to activation in nine months.
Binance and Coinbase announced plans to offer 1:1 backed tokenized versions of U.S. stocks with 24/7 trading, while the DTCC prepares its first live demonstration of asset tokenization and the SEC proposes regulatory changes that could facilitate tokenized securities markets.