Signals for the Tokenized Economy

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Infrastructure

Coinbase Shares Rise as Bitcoin Tops $85,000; IPO Access, SEC Tokenization in Focus

The U.S. Securities and Exchange Commission (SEC) issued a five-year Innovation Exemption on September 17, establishing a regulatory framework for venues trading tokenized National Market System stocks. This framework provides conditional relief from exchange definitions for platforms utilizing permissioned automated market makers, provided tokenized securities mirror the rights of traditional assets. While the exemption does not grant Coinbase specific operational approval, analysts at Bernstein suggest it positions the firm to compete in the emerging U.S. tokenized-equity market. Coinbase is currently expanding its 'Everything Exchange' strategy, which aims to integrate stocks, derivatives, and tokenized assets alongside its existing crypto services. The company already offers offshore tokenized stocks on the Base blockchain, though these remain restricted for U.S. users. Market participants view this regulatory clarity as a significant step toward bringing 24/7 price discovery and on-chain liquidity to traditional equities. Consequently, Coinbase shares and related tokenized instruments like COINB saw positive price movement following the announcement.

#Base #SEC #TokenizedStocks

thecryptobasic.com·Sep 21, 20268.0

Stocks

Tokenized stocks may see limited U.S. demand: TD Cowen

The U.S. Securities and Exchange Commission (SEC) recently introduced a five-year exemption allowing qualifying Tokenized Securities Venues to trade tokenized National Market System (NMS) stocks using permissioned automated market makers (AMMs). However, a TD Cowen analysis, authored by Reid Noch, indicates limited domestic demand from U.S. investors, institutions, and listed companies for these products. The report highlights that American investors already possess efficient access to deep liquidity, low-cost brokerage, and fast electronic execution for traditional shares, diminishing the perceived benefits of tokenized alternatives. While blockchain venues could offer 24/7 trading, TD Cowen warns that continuous access does not guarantee favorable execution, especially with thin liquidity in AMM pools outside main U.S. trading hours. Discussions with dozens of issuers revealed minimal interest in offering tokenized shares, with only crypto-linked businesses like Figure showing more engagement. For instance, Figure's Nasdaq-listed FIGR shares accounted for 99.9% of its notional trading volume compared to its blockchain-native FGRS shares. This suggests that even with equal economic and governance rights, tokenized stocks struggle to attract significant activity from established markets. TD Cowen anticipates stronger demand for perpetual futures, citing a snapshot of Nvidia trading on Binance where perpetuals generated 96% of notional volume versus 4% for spot products, indicating a preference for leveraged price exposure over tokenized ownership.

#SEC #TokenizedStocks #Figure

crypto.news·Sep 21, 20267.5

Infrastructure

Hana Bank Issues $100 Million Euroclear Blockchain Digital Bond With First T+0 Settlement: 14 outlets compared

Hana Bank has successfully issued a $100 million five-year foreign-currency digital bond, marking South Korea's first instance of T+0 same-day settlement for such an instrument. The transaction was executed on Euroclear's D-FMI platform, a distributed ledger technology (DLT) infrastructure designed to integrate with existing global capital market systems. By utilizing this blockchain-based framework, the bank reduced the traditional settlement cycle from three to five business days down to a single day. Standard Chartered acted as the sole lead manager, overseeing the structuring and distribution process. The bond was issued under the bank's existing Global Medium-Term Note (GMTN) program, ensuring compatibility with current institutional trading systems. This milestone demonstrates how traditional financial institutions can leverage established global settlement networks to enhance operational efficiency and liquidity. The initiative serves as a practical proof-of-concept for South Korean banks ahead of the Financial Services Commission's planned 2027 tokenization framework launch.

#DigitalBonds #DLT #Euroclear

newscord.org·Sep 21, 20268.0

Infrastructure

Avalanche stock gains as Helicon upgrade and tokenized bond fund lift AVAX - ad-hoc

The Avalanche (AVAX) token experienced a significant price rally in mid-September 2026, climbing approximately 50% from USD 7.50 to over USD 11.20 within a single week. This surge was driven by a combination of technical momentum and fundamental developments, most notably the anticipation of the Helicon network upgrade scheduled for September 22, 2026. Simultaneously, the network gained traction through the launch of a new tokenized bond fund by an asset manager overseeing USD 807 billion in assets. Market analysts highlight that this institutional adoption validates Avalanche's infrastructure for hosting complex, real-world financial instruments. Increased whale activity and trading volumes, which quadrupled compared to 30-day averages, underscore a shift in investor sentiment. While the rally broke through long-standing resistance levels between USD 8.00 and USD 8.20, experts warn that the asset's high volatility necessitates sustained network performance and successful product delivery. Ultimately, the integration of institutional-grade bond products on the Avalanche blockchain serves as a critical test for the network's ability to scale for real-world asset tokenization.

#InstitutionalDeFi #TokenizedBonds #Avalanche

ad-hoc-news.de·Sep 21, 20267.5

Infrastructure

ECB embraces tokenized securities

The European Central Bank (ECB) has announced plans to invest a portion of its own funds portfolio into tokenized securities, specifically targeting Euro area government and supranational debt. This strategic move aims to provide the central bank with direct operational experience in trade execution, settlement, and portfolio management within the digital asset ecosystem. By participating directly, the ECB intends to evaluate how tokenization can enhance the speed and efficiency of wholesale market transactions. Simultaneously, the bank introduced Pontes, a new solution designed to facilitate the settlement of wholesale tokenized trades using central bank money. This initiative underscores the ECB's commitment to fostering a more integrated and resilient European financial market in the digital age. The executive board is currently finalizing the operational details and timing for these initial investments. This development marks a significant institutional endorsement of tokenized securities, signaling a shift toward integrating blockchain-based settlement into traditional central banking infrastructure.

#TokenizedSecurities #WholesaleFinance #ECB

investmentexecutive.com·Sep 21, 20269.5

Stocks

Binance Opens bStocks Collateral to Every Eligible User as Tokenized Stock Volume Tops $30 Billion

Binance has expanded the utility of its bStocks tokenized equity product by allowing all eligible users to utilize these assets as collateral for margin and futures trading. Previously restricted to VIP 3 accounts, this update enables users to borrow against tokenized shares like Tesla (TSLAB) or hedge positions using futures without requiring additional capital. Since launching on June 12 on the BNB Chain, bStocks achieved over $30 billion in cumulative trading volume in under 90 days, reaching $678 million in outstanding value. This integration allows for sophisticated workflows, such as dual-use collateral where a tokenized stock serves as both margin and a hedge within a single Portfolio Margin account. By bringing these assets into its core trading engine, Binance is positioning tokenized equities as functional financial tools rather than passive holdings. This move highlights a broader market trend where tokenized stock adoption is driven by high-velocity trading and deployment rather than simple accumulation. As the largest derivatives exchange integrates equities as margin for crypto futures, it signals a significant shift in how institutional and retail traders bridge traditional equity exposure with digital asset liquidity.

#RWA #TokenizedStocks #Binance

hackernoon.com·Sep 21, 20268.0

Infrastructure

Securitize stock surges as Benchmark initiates coverage with buy rating and $16 target

Securitize has gained significant institutional validation after investment firm Benchmark initiated coverage with a Buy rating and a $16 price target. As a leading infrastructure provider, Securitize currently commands approximately 70% of the United States tokenization market. The company serves as the primary technical partner for BlackRock’s BUIDL fund, which holds roughly $1.7 billion in assets. This market position is further bolstered by a partnership with the New York Stock Exchange to develop infrastructure for trading tokenized stocks and ETFs. Securitize is currently pursuing a public listing on the Nasdaq via a merger with Cantor Equity Partners II under the ticker SECZ. Analysts view the firm as a critical 'picks and shovels' play in a sector projected to attract over $30 trillion in assets over the next decade. This development highlights the growing integration of blockchain technology into traditional financial clearing and settlement processes. The firm's progress remains a bellwether for the broader RWA industry as it navigates evolving regulatory requirements from the SEC.

#BUIDL #Tokenization #Securitize

cryptobriefing.com·Sep 21, 20268.5

Stocks

Robinhood Crypto Chain’s $146M Tokenized-Stock Bet Faces Its First Fee Test

Robinhood's newly launched Ethereum layer 2 network, Robinhood Chain, has accumulated $146 million in tokenized stocks since its July 1 debut. This growth occurred while Robinhood subsidized transaction fees, a promotion scheduled to expire on September 29. The transition to user-paid gas fees represents a critical test for the network, as analysts anticipate a potential decline in activity once the subsidy ends. Despite the uncertainty, Robinhood and BNB Chain have collectively captured 88.2% of tokenized-stock trading on decentralized exchanges as of early September. While BNB Chain maintains a larger absolute balance of $1 billion in tokenized stocks, Robinhood has demonstrated significant momentum with $156 million in recent inflows. The network, built using Arbitrum technology, aims to leverage Robinhood's 28.4 million funded customers to drive on-chain revenue. Whether this early adoption translates into durable, fee-generating usage remains the primary question for the platform's long-term viability. Stabilization of activity following the fee implementation will serve as a key indicator of genuine market demand for Robinhood's tokenized offerings.

#Ethereum #Arbitrum #TokenizedStocks

finance.yahoo.com·Sep 21, 20267.5

Infrastructure

Ant Digital Tokenizes $8.4B Energy Assets Through Blockchain Tech

Ant Digital, the enterprise solutions unit of Ant Group, is leveraging its proprietary AntChain network to tokenize 60 billion yuan in energy infrastructure assets. The company has successfully completed financing for three clean energy projects, raising approximately 300 million yuan to validate its blockchain-based funding model. Notable initiatives include a 100 million yuan financing round for Longshine Technology Group involving 9,000 electric charging units and a 200 million yuan project with GCL Energy Technology for photovoltaic assets. By bypassing traditional financial intermediaries like underwriters and loan officers, Ant Digital aims to reduce costs and accelerate capital access for infrastructure development. The firm is currently exploring plans to issue tokens linked to these energy assets on offshore decentralized exchanges to enhance liquidity. This move signifies a broader trend in the RWA market, where institutional players are increasingly utilizing distributed ledger technology to democratize access to large-scale infrastructure investments. As the global on-chain RWA market reaches $28.4 billion, Ant Digital's strategy highlights the growing practical application of blockchain in bridging the gap between physical energy assets and digital capital markets.

#Tokenization #Infrastructure #EnergyAssets

coinmarketcap.com·Sep 21, 20267.5

Stocks

Johann Kerbrat: Robinhood's Tokenized Stocks Hit $1.2 Billion Daily Volume, 70% Outside Market Hours

The SEC recently introduced an innovation exemption allowing tokenized U.S. equities to trade on blockchain platforms, provided they meet strict requirements for shareholder rights and auditability. Johann Kerbrat, representing Robinhood, highlighted that this regulatory shift marks a transition for tokenization from an offshore curiosity to a viable U.S. market product. Currently, Robinhood's stock tokens function as debt instruments backed by underlying shares rather than direct equity, creating a strategic fork as the firm evaluates building compliant, high-fidelity tokenized securities. Data from the first two months of Robinhood Chain shows that 70% of trading volume occurs outside traditional market hours, signaling significant demand for 24/7 financial infrastructure. While Robinhood leverages Ethereum for security and decentralization, the company faces challenges regarding price divergence and the need for a unified federal regulatory framework. Kerbrat emphasized that the long-term goal is a singular, blockchain-based market that renders the distinction between traditional and new systems obsolete. Looking ahead, Robinhood plans to expand its tokenization efforts beyond equities into private equity, real estate, and additional commodities.

#Ethereum #RWA #SEC

finance.biggo.com·Sep 21, 20268.5

Stocks

Ondo Finance Launches In-Kind Conversion, Letting Institutions Convert Underlying Shares Directly Into Tokenized Stocks

Ondo Finance has launched an in-kind conversion feature for its Ondo Stocks product, allowing approved institutions to mint and redeem tokenized stocks and ETFs directly using existing share inventory. Developed in collaboration with Alpaca through its Instant Tokenization Network (ITN), this new primary market route eliminates the previous requirement for cash-funded flows. By enabling institutions to contribute shares directly from their Alpaca accounts to mint tokens, the process removes financing costs and timing mismatches associated with sourcing separate cash. This integration automates the conversion process, facilitating faster movement between traditional share inventory and onchain positions. The update is designed to improve capital efficiency for market makers, allowing them to replenish token inventory more effectively. Consequently, this development supports tighter spreads and deeper liquidity for Ondo Stocks across secondary markets, exchanges, and DeFi applications. This move represents a significant step in bridging traditional financial market liquidity with blockchain-based tokenized assets.

#Ondo Finance #RWA #TokenizedStocks

prnewswire.com·Sep 21, 20267.5

Stablecoins

USDT on TRON Becomes Most Used Onchain Payment Option on CoinsBee as Stablecoin Spending Grows

CoinsBee payment data reveals that USDT on the TRON network has emerged as the leading onchain payment option, surpassing both Bitcoin and Ethereum in transaction volume. Between June 4 and September 1, 2026, USDT on TRON recorded 1.8 times more payments than Bitcoin and 1.9 times more than Ethereum on the platform. The stablecoin's share of total payments on CoinsBee rose to 16.23% in 2026, marking a 64% increase compared to 2025 figures. Data indicates that TRON-based USDT accounts for 64.5% of total USDT turnover on the platform, suggesting higher average purchase values compared to other networks. This shift highlights the growing utility of stablecoins for everyday retail spending, including purchases at major brands like Amazon, Apple, and Walmart. To capitalize on this momentum, CoinsBee and TRON DAO have launched a promotional campaign offering discounts for users paying with USDT on TRON. This trend underscores the transition of stablecoins from speculative trading assets to practical instruments for global commerce and retail settlement.

#Stablecoins #TRON #Payments

BeInCrypto·Sep 21, 20265.5

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