Tokenized funds dominate AUM. Tokenized equities is all about volume. And tokenized commodities are overwhelmingly a gold market.

OKX’s latest funding round is about more than capital. With ICE, Standard Chartered, Circle and Ripple now strategically aligned with the exchange, OKX is emerging as a potentially important distribution channel for stablecoins, tokenized equities and future onchain financial products.

UK Government has now assembled the core market structure for DIGIT, its first digitally native sovereign bond. With six Joint Lead Managers, HSBC Orion as issuer DSD and LSEG B3 as investor DSD, the pilot is moving from design into execution and could become a major test of interoperable digital securities and cash settlement infrastructure.

NYSE parent ICE and OKX are preparing to launch one of the first large-scale tests of the SEC’s third-party custodial tokenization model for U.S. equities. The structure could help determine which tokenization model scales public stocks onchain the fastest.

Hong Kong’s HK$20 billion digital green bond offering on HSBC Orion reveals what scaling tokenised capital markets requires: bank money that works across institutions, dependable interbank settlement and payment linked to bond delivery. We unpack the infrastructure and what remains before it can operate around the clock.

Equiniti, Alpaca, Bullish, Apex Fintech Solutions and DriveWealth have formed the Issuer Sponsored Token Coalition, bringing together transfer agency, brokerage, clearing, trading and distribution infrastructure to build the next generation of tokenized public equities.

Investing is moving onchain as BlackRock makes three model portfolios available for blockchain distribution in partnership with Ondo Finance...

NYSE’s partnership with Blockchain.com adds an important piece to its emerging tokenized equities strategy: crypto-native distribution. As Nasdaq and NYSE build competing digital market infrastructure, distribution, liquidity and control of the end-user relationship are becoming critical battlegrounds.

The SEC has recognised permissioned AMMs as potential securities-market infrastructure. Uniswap already has much of the technical architecture. The question now is whether it can turn that advantage into a regulated venue, institutional liquidity and value accrual.

Global tokenized asset market grew 290% in last 12 months according to Deutsche Bank Institute. Here are the key trends, signals and what's next...

The US Securities and Exchange Commission (SEC) issues landmark exemption allowing the trading of tokenized stocks. BUT there is a caveat and an unresolved question...

Nasdaq, NYSE and LSEG are building tokenized stock businesses around different commercial bets. We compare their approaches to shareholder rights, settlement, extended trading and crypto-native distribution and what those choices reveal about the customers they want to reach.

Nasdaq’s $100M investment in Payward brings traditional market infrastructure closer to crypto distribution. As tokenized equities grow, the deal raises a defining question: will value accrue to the exchanges that list stocks or the platforms that own the investor relationship?

The SEC’s transfer agent proposal could bring blockchain into official securities ownership records. This Strategic Edge note examines what the reforms enable for tokenized securities and digital-asset transfer agents—and what remains unresolved around identity, ledger control, regulatory access and transfer finality...

LSEG prepares to launch 100 tokenized stocks in partnership with Kraken, the $20B crypto exchange.

Tokenized stocks are going mainstream as Binance, the world’s largest crypto exchange, partners with Alpaca, one of the sector’s most important infrastructure providers.

Clearstream D7 has processed over €80 billion in digital securities. Discover why its model is scaling capital markets tokenization...

Standard Chartered issues $200M digital bond on Euroclear’s D-FMI, showing how capital-markets tokenization can scale by combining DLT-native primary issuance with existing settlement, liquidity and investor infrastructure...

How Citi Custody+ and BitGo reveal the future of digital-asset custody as banks integrate cash, FX, servicing, collateral and tokenized finance...

London Stock Exchange launches 24hr trading as it seeks to gain a foothold in the retail volume captured by crypto exchange...

Alpaca, the biggest tokenized stock infrastructure provider you have never heard of, just raised $435M...

DTCC launches landmark tokenization platform with JPMorgan tokenizing Invesco's QQQ...

Tokenized stocks just got a collateral upgrade...

EIB issues digital securities and gets used in Eurosystem for collateral...

Tokenized stocks just crossed a major commercialization milestone as 430 tokenized stocks from Ondo get listed on Uniswap...

NYSE owner, ICE, and crypto exchange OKX to launch digital financial products, including tokenized stocks...

Mirae Asset Global Investments partners with Ondo Finance to tokenize Global X ETFs...

Apex Group has announced its fund servicing role in supporting a onchain-native real estate fund developed in collaboration with Goldman Sachs, LRC Group, Archax, and Ownera...

Citi's latest report Tokenization 2030 forecast 32,300% base-case growth for tokenized assets driven by U.S. equities, Treasuries, and money market funds in latest report. Key takeaways...

Onchain vaults, or pooled investment vehicles deployed on blockchain rails, have scaled rapidly from $24B AUM in 2023 to $131B in 2026, a 541% increase according to S&P Global...

DTCC and Stellar Development Foundation to bring trillions of DTC-eligible tokenized US equities onto Stellar...

Tokenized securities trading is just found its distribution engine in Europe as flatexDEGIRO and Societe Generale partner with Seturion...

SEC moves toward enabling tokenized equities trading...

Boston Consulting Group (BCG) drops the Future of Digital Assets report and says tokenized RWAs could reach ~16% of global investable assets by 2035. Key takeaways...

Bullish agreed to buy Equiniti from Siris Capital in a $4.2 billion deal, as the crypto exchange seeks to expand in blockchain-based capital markets infrastructure...

Computershare, the biggest US equities transfer agent, will enable US issuers-led tokenized stock issuance via tech integration with Securitize.

J.P. Morgan: "Tokenization will impact not just ETFs, but the broader funds industry" More...

Clearstream, 360X (Deutsche Börse Group backed digital asset exchange venue), and Ondo Finance have announced a partnership to connect traditional financial markets with onchain infrastructure built on public, permissionless blockchains, bringing tokenized equities infrastructure to Europe.

Deutsche Borse has invested $200 million in Payward Inc., the parent of crypto trading platform Kraken, as the Frankfurt stock exchange operator moves to offer access to a wider array of securities over blockchain rails. The deal, which gives Deutsche Börse a 1.5% fully diluted stake in the company.

Morgan Stanley Bitcoin ETF launches into the top 1%. Details...

BNY and Robinhood land strategic roles in Trump Accounts. Here is what it means for digital assets.

"While Hong Kong slept, Leo Li was buying $2M tokenized Google exposure via Ondo Finance at 1am" - WSJ

Franklin Templeton, a major player in traditional mutual fund management and retail distribution, is acquiring a spin-off from CoinFund to launch Franklin Crypto.

DZ BANK (issuer) and KfW (investor) completed a crypto security issuance under Germany’s eWpG, powered by a Smart Bond Contract and without a CSD.

Franklin Templeton partners with Ondo Finance to tokenize ETFs for 24/7 trading

NYSE and Securitize to bring issuer-led equities tokenization closer to production a partnership...

In a speech titled, Number Go Down and Other Schadenfreude, the SEC Chair lays out the forthcoming Innovation Exemption framework. Key points:

The most important tokenization development this week is the SEC’s approval of Nasdaq’s tokenized stock plan. It reveals three critical principles shaping how the SEC, Nasdaq, and DTC view the future of tokenized equities...

Stablecoins Are the Story. Trading Is the Money. Kalshi, one of the two main prediction markets, has reportedly raised $1B+ at a $22B valuation, doubling from $11B just months ago. Backed by Paradigm, Sequoia, a16z, ARK, and now Coatue.

SEC has approved Nasdaq's request to settle Russel 1000, S&P 500 and Nasdaq 100 ETFs in tokenized forms. But this is NOT a disruptive leap toward on-chain markets. This is tokenization without disruption: