tokenization

Crypto KOL Rune posted that his previously disclosed idea of "acquiring a Nasdaq-listed company and tokenizing equity on the Robinhood Chain" is actually a post generated by Claude, and the related data is all fabricated or exaggerated.Previously, Rune claimed to have acquired a 37.4% stake in a certain Nasdaq-listed company for $1.8 million and planned to pair the tokenized stock with a Meme coin.

According to The Defiant, Securitize has announced a partnership with Socios.com, where Securitize will provide regulated securities issuance, investor onboarding, and ownership record services for Socios.com’s plan to sell tokenized minority equity in professional sports clubs.The token product branded as Socios Equity Tokens will be subject to applicable securities laws, league requirements, club approvals, and jurisdictional restrictions. Fan Tokens and Socios Equity Tokens will function as separate products, with the former used for participation and utility, while the latter represents regulated financial rights.Carlos Domingo, co-founder and CEO of Securitize, stated that professional sports clubs represent an important asset class that has largely remained private and difficult to access. Securitize's regulated infrastructure in the U.S. and Europe can provide clubs and their owners with new ways to issue and manage equity. Alexandre Dreyfus, founder and CEO of Chiliz Group, mentioned that the collaboration with Securitize will explore entering the next phase through regulated tokenized equity.It is reported that this plan is expected to become the first tokenized project launched by Securitize under the EU DLT pilot regime, which only accepts issuers with a market capitalization of less than 500 million euros. Securitize received authorization from Spain's CNMV for DLT trading and settlement systems in November 2025.

According to Cointelegraph, Hashkey has joined the Digital Asset Advisory Working Group of the Depository Trust & Clearing Corporation (DTCC), becoming the first Asian digital asset service provider to join this working group.DTCC is a core post-trade infrastructure provider for global financial markets, and this working group brings together over 100 global financial institutions and asset management companies, including JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange, to jointly define the issuance, settlement, and custody standards for institutional-grade tokenized assets.DTCC plans to launch tokenized securities services in October. Previously, the U.S. Securities and Exchange Commission (SEC) issued a no-action letter to a DTCC subsidiary in December, allowing it to provide tokenization services for the securities market.SEC Chairman Paul Atkins stated that the approval of this pilot is just the beginning, and the SEC will consider innovation exemptions to help builders promote the on-chain transformation of the market without bearing cumbersome regulatory requirements. Atkins first proposed the idea of tokenization innovation exemptions at the DeFi roundtable on June 9.

Lily Liu, the chair of the Solana Foundation, stated that funds, assets, and ownership are migrating to an all-weather internet infrastructure, forming a long-term token supercycle.Tokenization is not only about moving assets onto the chain but also about changing the assets themselves, allowing value to be issued, held, financed, and traded in a market that never closes.She believes that stablecoins have proven that funds can flow onto the chain globally, financial institutions are pushing for asset tokenization, and blockchain infrastructure is beginning to meet the demands of real economic activities for speed and cost, while AI economic agents require programmable money.With these factors converging, any value with clear ownership could be tokenized and gain broader distribution, financing, and trading channels.In the past year, the trading volume of RWA on Solana reached hundreds of billions of dollars, covering tokenized U.S. Treasury bonds, stocks, and private credit; during the same period, stablecoin transfer volume exceeded $4.7 trillion.Liu stated that tokenization can also allow more investors to break through geographic, minimum investment, and qualification restrictions, and enable the assets held to be used for collateral or to generate returns. Although the current on-chain market size is still far below that of traditional markets, the relevant infrastructure could potentially reach 5.5 billion internet users globally in the future.

The parent company of Kraken, Payward, announced a partnership with the London Stock Exchange (LSE) to tokenize the stocks of the 100 largest companies listed on the LSE into xStocks, which are backed 1:1. The first London-listed xStocks are expected to be launched on Kraken and other platforms supporting the xStocks Alliance in the coming weeks, available to investors in over 110 countries, but not yet open to UK investors.Subject to regulatory approval, the LSE plans to list and support xStocks trading on its newly launched extended trading hours, LSE 24. LSE CEO Julia Hoggett stated that by collaborating with Payward and continuously working with the market infrastructure ecosystem, they are exploring how issuers and investors can benefit from new access methods while maintaining the standards that underpin the public market. In addition to tokenizing existing stocks, both parties will also explore the issuance of native equity tokens through LSE infrastructure, which have the same rights as traditional stocks and are fully interchangeable.Payward's tokenized stock framework was launched in June 2025 and acquired by Payward in December, having processed over $40 billion in total trading volume, covering more than 200,000 holders, with nearly $20 billion settled on-chain. According to RWA.xyz data, there are currently approximately $2.53 billion in existing tokenized stocks, with xStocks tokenizing about $606.6 million, making it the second-largest issuer after Ondo.

The London Stock Exchange (LSEG) and Payward, the parent company of the cryptocurrency exchange Kraken, announced a partnership to bring stocks of the largest listed companies in the UK onto the blockchain. In the coming weeks, the stocks of the top 100 companies listed on the LSE will be available on Payward's xStocks tokenized stock framework. These xStocks are tokens that correspond one-to-one with the underlying stocks, allowing for 24/7 trading on centralized exchanges, self-custody wallets, and on-chain applications.This initiative continues the rapidly expanding framework of Payward. Over the past year, the cumulative trading volume of xStocks has exceeded $40 billion, with nearly $20 billion settled on-chain, and more than 200,000 product holders. Through the blockchain channel, UK-listed stocks will be able to reach investor groups in over 110 countries, although xStocks are currently not available to domestic UK investors.Subject to regulatory approval, the LSE plans to list and support xStocks trading on its newly launched 24-hour trading platform, LSE 24, and will gradually cover tokenized stocks and more asset classes in the US, EU, UK, and Hong Kong. Both parties also stated that they will explore stock tokens issued natively by the LSE, allowing LSE members to issue and service stocks directly on-chain, with the same full interchangeability and rights as traditional stocks. Payward Co-CEO Arjun Sethi stated that for years, people have assumed that crypto and traditional finance must collide and one side would lose, but that has never been the real story;

Dialectic Meccanico announced plans to launch the on-chain vault Starloop based on Makina on Base, expected to go live in September 2026, for eligible tokenized SpaceX exposure holders to put their positions to use.After users deposit tokenized SpaceX exposure, the vault will borrow USDC against it as collateral and deploy it to approved on-chain opportunities, with net earnings flowing back to depositors while retaining exposure to the underlying assets. Dialectic is the first operator of Makina and has operated public vaults such as DUSD and DETH.

DTCC's DTC Tokenization Service is scheduled to go live commercially in October 2026, having completed production transactions on the Canton Network on July 15 as a final operational stress test for the system. Over 30 companies participated in these transactions, testing collateral pledging, securities lending, U.S. Treasury and repo DVP, equity DVP, equity DVD, equity token transfers, and CCP margin workflows, covering the Canton Network and LFDT's Besu.Regulatory foundations were established on December 11, 2025, when the SEC issued a no-action letter authorizing DTC to operate tokenization services for its custodial assets on a pre-approved blockchain, with a three-year authorization. This service is supported by DTCC's ComposerX platform suite. The industry working group currently includes over 50 companies, including BlackRock, JPMorgan, Goldman Sachs, Citi, Bank of America, Morgan Stanley, Schwab, State Street, Nasdaq, NYSE, Circle, Ondo, Ripple Prime, Fireblocks, BitGo, Tradeweb, and Virtu.DTCC data shows that global high-quality liquid assets reach $300 trillion, with only 10% to 11% currently used as collateral.

tZERO has reached a series of agreements with the Intercontinental Exchange (ICE) to help build the next generation of public securities market infrastructure. According to the new memorandum of understanding, tZERO will serve as the primary design partner for digital transfer agent and broker-dealer infrastructure, aimed at supporting ICE's upcoming on-chain settlement on the NYSE-associated tokenized securities platform.ICE has agreed to participate in tZERO's latest financing round. As part of the agreement, ICE will license tZERO's blockchain patent portfolio for the platform and other potential applications. Both parties will also explore the use of tZERO tokenized assets for collateral management at ICE's clearinghouse and affiliated institutions.

According to Cointelegraph, the market value of tokenized real-world assets (RWA) on the Stellar blockchain is expected to grow by approximately 360% by 2026, rising from $868.8 million at the end of last year to nearly $4 billion. The Dune Analytics dashboard maintained by Stellar shows that as of August 29, the market value of RWA on the network reached $3.996 billion, covering asset classes such as U.S. Treasury bonds, private and public credit, and non-U.S. government debt.The concentration of issuers is relatively high, with Spiko leading at $1.55 billion, followed by Realiz ($559 million), Tradable ($548 million), Franklin Templeton ($546 million), and Ondo ($535 million). Stellar has also made breakthroughs in the non-U.S. government debt sector, with the Stellar Development Foundation citing data from RWA.xyz stating that as of August 20, the network held approximately $490 million in such assets, including tokenized Mexican CETES and Brazilian government bonds issued through Etherfuse.Institutional adoption continues to drive growth. In May, the Depository Trust & Clearing Corporation (DTCC) announced plans to integrate its tokenization services with Stellar, with DTC tokenized assets expected to go live in the first half of 2027, potentially supporting tokenized U.S. Treasury bonds, major index ETFs, and Russell 1000 constituents. In July, Tradable announced plans to bring up to $1 billion in private credit assets to Stellar.

Pablo Hernández de Cos, General Manager of the Bank for International Settlements (BIS), stated that stablecoins lack credibility in large-scale payment scenarios, making it difficult to use them as everyday currency. He believes that tokenized bank deposits are a better alternative, capable of achieving the advantages of tokenization while retaining the foundation of the monetary system. This statement comes against the backdrop of regulatory agencies in various countries establishing a regulatory framework for stablecoins.Hernández de Cos also acknowledged that stablecoins could lower government borrowing costs but might also increase bank financing costs, which would then be passed on to household and business loan rates. He pointed out that the interoperability between stablecoin platforms is limited, anti-money laundering controls are inconsistently enforced, and the widespread use of dollar-pegged stablecoins overseas could undermine the monetary sovereignty of other countries and the effectiveness of domestic monetary policy.On the same day, the Financial Stability Institute (FSI) under BIS released a research report comparing the stablecoin regulatory rules of the United States, European Union, United Kingdom, Hong Kong, and Singapore, finding significant differences in the qualifications of issuing entities and the scope of business they can conduct across jurisdictions. The United States and Singapore impose stricter restrictions on non-bank issuing entities, while Hong Kong, the United Kingdom, and the European Union allow certain additional businesses under separate authorization or licensing.

According to a report released by the oracle provider RedStone, the scale of tokenized real-world assets (RWA) on the Stellar chain surpassed $3 billion in July, while the total value locked (TVL) in the network's DeFi was only $213 million, showing a significant gap between the two. The report pointed out that the issuance speed of RWA far exceeds the development of the lending market and collateral pools, which has become a bottleneck restricting the use of on-chain assets.RedStone attributed the growth mainly to four products: Amundi and Spiko's overnight fund ($713 million), Spiko's government bond fund ($536 million), Ondo's USDY (over $533 million), and VuMe Bond 2030 ($500 million). Data from DefiLlama shows that the TVL of the Stellar network is $232.72 million, of which the lending protocol Blend has locked $150.03 million, but the funding pool accepting RWA as collateral is only about $2 million.The report believes that the settlement times of traditional government bonds, credit funds, and money market funds do not match the instant settlement requirements of on-chain lending, while 24/7 price oracles are key to making RWA usable as collateral. Currently, Stellar has connected to 55 SEP-40 price sources from RedStone, covering government bonds, corporate credit, tokenized gold, and money market funds. In addition, the report mentioned that the Depository Trust & Clearing Corporation (DTCC) plans to introduce custodial assets to Stellar by 2027, with a scale of custodial assets reaching $114 trillion.

Cryptocurrency platform Bullish announced a $100 million debt financing line to the stablecoin protocol USD.AI to support GPU-collateralized loan operations. This financing will help USD.AI provide liquidity for artificial intelligence infrastructure development, connecting on-chain capital with computing power financing needs through tokenization.USD.AI, developed by Permian Labs, currently has over $225 million in crypto assets locked within the protocol. Bullish Exchange also plans to launch the sUSDai token of USD.AI and open multiple trading pairs, providing investors with access to a secondary market channel for GPU-collateralized debt.David Choi, CEO of Permian Labs, stated that computing power is becoming an independent credit market, and this financing will help USD.AI fund more AI development while creating a more transparent and in-depth computing power credit market.

On August 28, OKX Director Lennix was invited to attend the Bitcoin Asia 2026 roundtable forum "The Rise of Financial Super Applications," where he shared insights on the integration of traditional finance and the crypto market, the underlying infrastructure of financial super applications, and the development prospects of stock tokenization.Lennix stated that financial products are accelerating towards integration within the same account system. In the future, users will want to trade and manage different categories of financial assets under the same funds, the same account, and the same margin and risk control system, which will become an important direction for the continuous evolution of the industry. He pointed out that on the surface, financial super applications allow trading of crypto, traditional stock assets, foreign exchange, commodities, etc., within one application; however, the real challenge lies in the connectivity of the underlying infrastructure of various assets, including the banking system, wallets, trading accounts, shared margins, and the collaboration between risk control and compliance backends.At the same time, Lennix mentioned that stock tokenization and the tokenization of traditional financial assets are essentially an upgrade to the traditional market. By connecting relevant assets to the matching, margin, risk control, and compliance systems of cryptocurrency exchanges, the market can achieve longer trading and risk management periods, while continuously providing price signals during non-trading hours. When discussing institutional cooperation, Lennix stated that the strategic investment of the Intercontinental Exchange in the OKX Group reflects that the financial market is moving towards tokenization and around-the-clock trading. With the continuous growth of stock tokenization business, this field is expected to become an important development direction for future financial markets.

Virtu Financial, M1X Global, and Tradeweb have completed an on-chain repurchase transaction using the digital sovereign bond USDM1 issued by the Marshall Islands as collateral, with all settlements completed on the Canton Network within 10 minutes. The parties stated that this is the first case combining native-issued sovereign collateral with fully on-chain atomic settlement.USDM1 is a dollar-denominated sovereign bond issued on-chain by the Republic of the Marshall Islands, backed 1:1 by short-term U.S. Treasury securities, which continues to pay interest during the collateral period and is structured as a fully collateralized sovereign debt instrument under New York law. The bond is offered through the Tradeweb platform, with custodial services provided by Anchorage Digital, BitGo, and tZERO.Canton is a blockchain network designed for institutional finance, equipped with privacy and permission management features. Prior to this transaction, Tradeweb facilitated the real-time transfer of tokenized U.S. Treasury securities from Franklin Templeton to Virtu Financial on Canton in July. Since August, FalconX and Interstice have launched a cross-chain exchange engine connecting Canton with Ethereum, Solana, and Robinhood Chain, and World Liberty Financial has also natively issued the USD1 stablecoin on Canton.

Mirae Asset, a South Korean financial group, announced the establishment of a digital asset business with a scale of $109 billion. The group will rely on its cryptocurrency exchange Digital X (formerly Korbit) to focus on the layout of cryptocurrencies, stablecoins, and the tokenization of real assets.