Signals for the Tokenized Economy

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Infrastructure

5 Permissioned Token Standards: ERC-3643 Tops $32B RWA

Institutional adoption of tokenized assets is accelerating in 2026, with major firms like Goldman Sachs, JPMorgan, and BNY Mellon utilizing permissioned token standards to manage regulated financial products. These standards, including ERC-3643, ERC-1450, ERC-7518, ERC-1400, and the Canton Network, allow banks to enforce compliance, investor eligibility, and transfer restrictions directly on-chain. ERC-3643 has already facilitated over $32 billion in asset tokenization, while the Canton Network reports processing more than $9 trillion in monthly transaction volume. These frameworks address the critical need for scalability, with some standards leveraging Layer 2 rollups to achieve throughput exceeding 40,000 transactions per second. By integrating identity and regulatory controls into the token architecture, these protocols enable institutions to issue bonds, money market funds, and deposit tokens without rebuilding compliance infrastructure. The shift toward standardized, permissioned protocols marks a transition from experimental pilots to high-volume institutional settlement. This evolution is essential for the RWA market, as it provides the necessary legal and technical guardrails for global financial institutions to operate on public or hybrid blockchains.

#Tokenization #ERC-3643 #CantonNetwork

financefeeds.com·Sep 18, 20268.0

Infrastructure

SEC Opens Temporary Path for Tokenized Stocks After Senate Blocks Crypto Bill

The U.S. Securities and Exchange Commission (SEC) issued a temporary Innovation Exemption on September 17, providing a regulatory pathway for the trading of tokenized NMS stocks on permissioned automated market makers. This action follows the Senate's failure to pass the Digital Asset Market CLARITY Act (H.R. 3633), which fell short of the required 60 votes in a 49-50 procedural cloture vote. SEC Chairman Paul Atkins framed the exemption as a bridge toward durable rulemaking, aiming to mitigate the regulatory uncertainty that has hindered on-chain equity trading. While the exemption allows for immediate innovation, industry experts note that administrative rules are more vulnerable to political shifts than formal legislation. The CFTC is simultaneously advancing its own rulemaking agenda to provide clarity for crypto asset markets. This shift toward agency-led regulation marks a significant pivot for the RWA sector, as it attempts to establish a framework for tokenized securities in the absence of congressional action. The development is critical for market participants seeking to integrate traditional equity trading with blockchain-based liquidity pools.

#SEC #TokenizedStocks #Regulation

finance.biggo.com·Sep 18, 20269.0

Infrastructure

ONDO Price Eyes $0.55 After SEC Tokenization Framework Boost

The U.S. Securities and Exchange Commission (SEC) recently introduced a temporary "Innovation Exemption" framework, providing regulatory relief for Tokenized Securities Venues (TSVs) to trade National Market System stocks on-chain. This development serves as a critical milestone for the RWA sector, as it establishes a formal, albeit conditional, regulatory pathway for blockchain-based securities marketplaces in the United States. Ondo Finance, a prominent player in the tokenization space, saw its native ONDO token surge following the announcement due to its existing infrastructure for moving traditional securities onto the blockchain. The SEC's move allows for the use of permissioned automated market makers and liquidity pools, provided the tokenized assets maintain the same rights and privileges as their traditional counterparts. While the exemption is temporary, it enables regulators to monitor market development while gathering public input for future permanent rules. For the broader RWA market, this signals a shift toward institutional legitimacy, as the SEC explicitly aims to integrate regulated trading of tokenized U.S. stocks into the existing financial framework. Consequently, market analysts are closely watching ONDO's technical performance as the industry evaluates the long-term implications of this regulatory shift.

#Ondo Finance #RWA #SEC

tronweekly.com·Sep 18, 20267.5

Infrastructure

Bottomline Launches Global Pay Connect, Taps Chainlink for Onchain Bank Payments

Bottomline, a major Swift service provider processing over $16 trillion in annual payments, has launched Global Pay Connect to bridge traditional banking infrastructure with blockchain networks. The platform enables more than 600 financial institutions to access onchain payment rails without the need for extensive system replatforming. By integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE), the solution provides a unified, network-agnostic connection for diverse payment systems like Swift, SEPA, and CHAPS. This development addresses critical industry challenges, as 40% of CFOs identify outdated infrastructure as the primary barrier to adopting real-time payments. Beyond connectivity, the platform offers ISO 20022 transformation, payment data enrichment, and AI-enabled insights to improve operational intelligence. The collaboration marks a significant step in institutional adoption, allowing banks to support emerging models such as digital assets and tokenization. By simplifying complex cross-border payment workflows, the initiative positions Bottomline and Chainlink as key facilitators for the future of programmable finance.

#Chainlink #CCIP #Payments

Blockonomi·Sep 18, 20267.5

Infrastructure

Credit where credit's due: India's tokenised bonds must now open the door to global capital

India recently completed a successful pilot of tokenized corporate bonds, with issuers REC, L&T, and IIFL Finance raising a combined Rs 1,025 crore within a single week. These transactions utilized a permissioned distributed ledger and wholesale CBDC to achieve atomic settlement, effectively eliminating traditional settlement risks within the existing regulatory perimeter. While this engineering milestone proves that domestic market infrastructure can be upgraded without compromising statutory protections, the current ecosystem remains a closed loop restricted to domestic participants. The lack of interoperability between conventional demat accounts and the new ledger, combined with a three-month lock-in period, currently limits liquidity and secondary market activity. The broader significance for the RWA market lies in the potential to democratize access to Indian credit for global investors who are currently priced out by high operational costs. By transitioning from domestic-only settlement to programmable, cross-border rails, India could tap into significant global stablecoin liquidity and institutional capital. Ultimately, the success of this initiative depends on enabling foreign allocators to hold Indian assets alongside US-denominated tokenized debt while maintaining regulatory compliance. This shift would transform tokenized bonds from mere digital labels into versatile instruments capable of being used in global treasury workflows and collateral arrangements.

#Tokenization #CorporateBonds #Infrastructure

m.economictimes.com·Sep 17, 20267.5

Infrastructure

The Ondo Finance succession crisis gets messier as Kathleen Allman’s daughter alleges ‘dementia’, alcoholism and reckless spending

The sudden death of Ondo Finance founder Nathan Allman at age 32 has triggered a complex legal battle over control of the company and his estate. Following Allman's passing without a will, his parents inherited his controlling equity interest and significant ONDO token holdings. Acting CEO Ian De Bode is currently embroiled in litigation with Allman’s mother, Kathleen Allman, who accuses him of attempting to usurp corporate control through an $11 million compensation package. Conversely, Allman’s half-sister and an Ondo investor have petitioned a Hawaiian court to place Kathleen Allman under a limited conservatorship, citing concerns over her mental health, alleged alcohol use disorder, and reckless financial management. These internal conflicts threaten the governance stability of a major RWA protocol, potentially impacting investor confidence and the long-term strategic direction of the platform. The dispute highlights the risks associated with key-person dependency and succession planning in the rapidly maturing RWA sector. As the legal proceedings unfold across multiple jurisdictions, the future leadership and operational integrity of Ondo Finance remain in significant flux.

#Ondo Finance #RWA #Ondo

CoinDesk·Sep 17, 20265.5

Stocks

SEC Grants Five-Year Exemption for Tokenized Stock Trading Platforms | Ukraine news - #Mezha

On September 17, 2026, the U.S. Securities and Exchange Commission (SEC) granted a five-year regulatory exemption for platforms facilitating the trading of tokenized stocks. This landmark decision allows platforms to bypass certain traditional exchange registration requirements, provided they maintain investor protections and ensure token holders receive identical rights to traditional shareholders, such as voting and dividends. The policy shift aims to foster innovation by removing barriers that previously hindered blockchain-based securities in the United States. Platforms must notify issuers before listing tokens, and the SEC has explicitly prohibited synthetic tokens that lack a direct ownership link to the underlying asset. Major industry players including Coinbase, Robinhood, and Kraken have signaled interest in leveraging this framework to offer tokenized equities domestically. By enabling 24/7 trading and near-instant settlement, this move positions crypto exchanges to compete directly with traditional brokerages like Morgan Stanley and Charles Schwab. This regulatory evolution reflects a broader shift in U.S. policy toward integrating digital assets into the mainstream financial infrastructure while maintaining market integrity.

#Blockchain #SEC #TokenizedStocks

mezha.net·Sep 17, 20269.5

Stocks

On Tokenized Stock Rights

The tokenized equity market is currently divided between synthetic, unsponsored tokens and direct, consented stock representations. Robinhood has faced public pushback from AMC CEO Adam Aron regarding its unsponsored stock tokens, yet the firm maintains that these products function similarly to traditional unsponsored ADRs. Meanwhile, Nasdaq is taking a different approach by investing $100 million in Payward to develop consented Nasdaq Equity Tokens with full voting rights, slated for a 2027 launch. Data shows that 84.5% of the $2.9 billion tokenized equity market consists of unsponsored tokens, with Robinhood and Binance driving the majority of volume through gas subsidies that are set to expire. This shift highlights a growing tension between high-volume synthetic products and regulated, consented offerings. Simultaneously, BlackRock’s BUIDL fund has seen its market share drop to 18% due to high onboarding friction, despite widespread adoption as collateral. These developments signal a critical transition period where organic demand will be tested as subsidies end and institutional clearinghouse integration becomes the new focus.

#BUIDL #TokenizedEquities #BlackRock

theblock.co·Sep 17, 20268.5

Infrastructure

Intercepta extends compliance tools to Canton Network’s unique architecture

Intercepta has integrated its Compliance Engine with the Canton Network to provide essential security and regulatory oversight on a privacy-first blockchain. Unlike public chains like Ethereum, the Canton Network, developed by Digital Asset, lacks a shared ledger and public addresses, rendering traditional blockchain analytics tools ineffective. By leveraging Canton’s unique observer roles, Intercepta enables real-time sanctions screening, anti-money laundering checks, and fund flow traceability for institutional participants. This development is critical for the RWA market because it demonstrates how complex financial compliance can be maintained within private, permissioned environments. Major institutions like J.P. Morgan, Goldman Sachs, and Visa utilize the network, which requires specialized tooling to meet strict data-handling and regulatory requirements. The integration allows these entities to maintain privacy while ensuring that multi-party financial workflows remain transparent to authorized compliance functions. This shift marks a necessary evolution in infrastructure as institutional adoption of tokenized assets moves toward architectures that prioritize confidentiality over public visibility.

#CantonNetwork #InstitutionalFinance #Compliance

cryptobriefing.com·Sep 17, 20267.5

Infrastructure

SEC opens door to tokenized stock trading

The U.S. Securities and Exchange Commission (SEC) has issued an order granting temporary exemptions to facilitate secondary market trading of tokenized securities. This regulatory move allows automated market makers and liquidity pools to operate as tokenized securities venues (TSVs) under specific conditions. These conditions include volume and stock quantity limits, requirements for shareholder rights parity, and issuer veto power over tokenization. The SEC acknowledges that distributed ledger technology can provide benefits such as investor self-custody, 24/7 trading, fractional ownership, and near-instantaneous settlement. By creating this five-year 'innovation exemption,' the regulator aims to modernize capital markets while maintaining oversight. This development represents a significant shift in U.S. policy, potentially accelerating the institutional adoption of on-chain equity trading. The SEC is currently soliciting public feedback to refine the framework as the market for tokenized assets continues to evolve.

#Blockchain #SEC #TokenizedSecurities

investmentexecutive.com·Sep 17, 20269.0

Infrastructure

Bond tokenisation faces secondary market test

The tokenization of bonds is currently undergoing a critical transition as the industry shifts focus from primary issuance to the development of robust secondary market liquidity. While numerous financial institutions have successfully utilized blockchain technology to streamline the issuance and settlement of debt instruments, the lack of active trading venues remains a significant barrier to widespread adoption. Market participants are now prioritizing the creation of interoperable platforms that allow for seamless transferability and price discovery of tokenized assets. This evolution is essential for moving beyond pilot programs toward a mature ecosystem where investors can exit positions efficiently. The integration of decentralized finance protocols with traditional financial infrastructure is being explored to bridge this liquidity gap. As regulatory frameworks continue to evolve, the ability to maintain secondary market activity will determine whether tokenized bonds can compete with traditional securities. Ultimately, the success of this asset class depends on establishing standardized protocols that ensure liquidity across fragmented blockchain networks.

#Blockchain #Infrastructure #Liquidity

financialexpress.com·Sep 17, 20267.5

Stocks

Ondo token jumps as SEC opens door to onchain stock trading

The SEC has signaled a potential shift in market structure by approving a rule change that allows for the tokenization and on-chain trading of traditional securities. This regulatory development directly impacted Ondo Finance, a prominent player in the RWA sector, causing its native token to experience a significant price surge. By enabling the integration of traditional stock market infrastructure with blockchain technology, the SEC is effectively lowering the barriers for institutional-grade assets to exist on-chain. Ondo Finance is well-positioned to benefit from this transition, as it specializes in bridging institutional financial products with decentralized finance protocols. This move represents a major milestone for the broader RWA market, as it provides a clearer legal pathway for the issuance and secondary market trading of tokenized equities. As regulatory clarity improves, market participants expect increased liquidity and efficiency in the settlement of real-world assets. The convergence of traditional equity markets and blockchain rails is now moving from theoretical experimentation to actionable regulatory reality.

#Ondo Finance #RWA #SEC

thestreet.com·Sep 17, 20268.5

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