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Infrastructure

Payward valuation soars to $21B in $100M Nasdaq tokenization expansion

Nasdaq Ventures has committed $100 million to Payward, the parent company of the Kraken exchange, in a strategic investment that deepens their existing partnership. This deal, which reportedly values Payward at $21 billion, positions Kraken as a primary distribution hub for Nasdaq’s upcoming tokenized stock product, known as Nasdaq Equity Tokens (NETs). Unlike many existing tokenized equity offerings that provide only synthetic price exposure, these NETs are designed to grant holders full voting rights equivalent to traditional shares. The launch of these tokens is currently scheduled for the second quarter of 2027. This collaboration integrates Nasdaq’s advanced market surveillance technology across Payward’s diverse trading ecosystem, including crypto, futures, and tokenized assets. The move reflects a broader trend of major exchange operators, such as the Intercontinental Exchange and Deutsche Börse, securing stakes in crypto-native platforms to bridge traditional finance with digital asset infrastructure. By standardizing voting rights for tokenized equities, this initiative aims to address a significant limitation in current RWA market offerings and enhance the institutional utility of blockchain-based securities.

#RWA #TokenizedEquities #Kraken

cryptopolitan.com·Sep 14, 20268.5

Stocks

Tokenized Stocks Are Moving From Crypto Experiments to Wall Street Infrastructure

Tokenized stocks are evolving from niche crypto experiments into foundational Wall Street infrastructure, with major institutions like Nasdaq and the DTCC leading the transition. By leveraging blockchain technology, these firms aim to modernize equities trading, settlement, and custody through increased programmability and 24/7 availability. Nasdaq is developing its own equity token product with a planned 2027 launch, supported by a $100 million investment in Kraken’s parent company, Payward, to bridge institutional compliance with crypto-native distribution. The DTCC is simultaneously building infrastructure to represent eligible securities on-chain, focusing on automating clearing and settlement to reduce operational costs and reconciliation burdens. While crypto-native platforms like Robinhood and Ondo continue to expand retail access, the shift toward institutional-grade tokenization promises to enhance collateral mobility and capital efficiency. This transition represents a fundamental change in market structure, moving away from fragmented databases toward shared, on-chain settlement systems. Ultimately, the integration of traditional financial expertise with blockchain efficiency is positioning tokenized equities as a critical component of future global capital markets.

#TokenizedStocks #DTCC #Nasdaq

bitcoinfoundation.org·Sep 14, 20268.5

Stocks

Kraken launches xStocks vaults with yields on tokenized stocks

Kraken has introduced three xStocks vaults, enabling eligible non-U.S. customers to earn variable yields on tokenized versions of Nvidia shares (NVDAx) and two U.S.-listed ETFs (SPYx and QQQx). These vaults utilize a complex DeFi strategy where deposited assets are moved from Kraken’s Ink layer-2 network to Solana, where they serve as collateral in the Kamino lending market. The generated yields, currently estimated at 2% for SPYx and QQQx and 1.8% for NVDAx, are reinvested into the vault balance after a 25% performance fee. This product highlights the growing trend of bridging traditional equity exposure with decentralized finance yield-generation mechanisms. However, the vaults carry significant risks, including potential liquidation, cross-chain execution failures, and the lack of traditional shareholder rights like voting or dividends. Kraken emphasizes that these tokens are not equivalent to brokerage-held securities and are not insured by government programs. The launch underscores Kraken's ongoing expansion into on-chain securities infrastructure following its previous initiatives with xStocks and planned acquisitions in the sector.

#TokenizedStocks #xStocks #Kraken

crypto.news·Sep 14, 20267.5

Stocks

Kraken Launches xStocks Vaults That Borrow Against Tokenized Equities

Kraken has introduced xStocks Vaults, a new feature allowing users to utilize tokenized equities as collateral for borrowing stablecoins. By leveraging the infrastructure of the Layer 2 blockchain network, Kraken enables clients to maintain exposure to traditional stock market assets while accessing liquidity without selling their holdings. This integration bridges the gap between traditional equity markets and decentralized finance by allowing users to deposit tokenized shares into vaults to secure loans. The platform utilizes a proprietary tokenization process to represent ownership of real-world stocks on-chain, ensuring that the underlying assets remain secure. This development marks a significant step in the evolution of RWA utility, as it moves beyond simple asset representation toward complex financial services like collateralized lending. By providing a mechanism to borrow against equities, Kraken is expanding the functional use cases for tokenized securities within its ecosystem. This move highlights the growing institutional and retail demand for hybrid financial products that combine the efficiency of blockchain technology with the stability of traditional equity markets.

#RWA #TokenizedEquities #Kraken

thedefiant.io·Sep 14, 20267.5

Commodities

Bybit Introduces Yield-Bearing Gold Product Offering APR on Tokenized Gold

Bybit has launched XAUT Earn, a new financial product that allows users to generate yield on Tether Gold (XAUT), a digital asset backed by physical gold. This offering addresses a significant gap in the market, as traditional gold holdings, ETFs, and other tokenized gold products like PAXG typically do not provide interest. Bybit provides both flexible staking and fixed-term savings options to enable income generation alongside price exposure. This development is notable because it shifts gold from a purely passive safe-haven asset into an active, yield-bearing instrument within the digital asset ecosystem. By integrating yield into gold holdings, Bybit aims to attract both traditional investors seeking utility and crypto users looking for diversification beyond stablecoin-based returns. The launch reflects a broader trend of bridging traditional finance with decentralized finance through asset-backed yield solutions. Bybit, currently the world's second-largest cryptocurrency exchange by trading volume, intends for this product to expand the utility of real-world assets for its global user base of over 80 million people.

#XAUT #TokenizedGold #Bybit

yellow.com·Sep 14, 20266.0

Infrastructure

Plume Network general counsel outlines tokenization's benefits in Bitcoin Suisse wealth report

Plume Network, an Ethereum Layer 2 platform, has reached a milestone of over 220 active tokenization projects with a combined asset value exceeding $350 million. General Counsel B. Salman Banaei highlighted four core advantages of tokenization in a September 2026 report by Bitcoin Suisse, specifically citing improved settlement efficiency, fractional ownership, enhanced transparency, and reduced counterparty risk. Banaei, who testified before the U.S. House Financial Services Committee, advocates for applying existing economic risk frameworks to tokenized securities rather than creating redundant regulations. He emphasized that the U.S. risks losing its competitive edge to jurisdictions like Switzerland and Singapore, which have fostered more favorable environments for digital asset innovation. Plume Network currently supports approximately 260,000 wallets, focusing on collateral such as private credit, real estate, and trade finance. By embedding compliance and jurisdictional rules directly into smart contracts, the platform aims to streamline institutional asset management. This development underscores the growing institutional focus on using blockchain infrastructure to modernize debt and fixed-income markets.

#Layer2 #Tokenization #PlumeNetwork

cryptobriefing.com·Sep 14, 20267.5

Stocks

Sunrise Adds 20 New Tokenized Stocks on Solana

Solana has expanded its tokenized stock offerings by adding 20 new equities issued by Backpack Securities through the Sunrise platform. This development aims to leverage the current memestock trading narrative to attract younger investors and increase network transaction volumes. By diversifying its asset offerings, Solana seeks to strengthen its position within the fintech and decentralized finance ecosystem. The integration of these tokenized equities reflects a broader industry trend toward bridging traditional financial instruments with high-performance blockchain infrastructure. Increased trading activity resulting from these listings is expected to influence Solana's market dynamics and potentially drive further institutional interest. As Sunrise continues to ramp up its equity listings, the platform serves as a critical bridge for users seeking exposure to traditional stocks on-chain. This expansion highlights the growing significance of tokenized assets in the evolving cryptocurrency landscape and sets a precedent for other blockchain networks to follow.

#Solana #RWA #TokenizedStocks

cryptonews.net·Sep 14, 20266.5

Infrastructure

India launches bond tokenisation pilot

The Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have officially launched a bond tokenisation pilot program titled Demat 2.0. This initiative aims to leverage distributed ledger technology to achieve near-instant settlement and mitigate systemic settlement risks within the Indian financial markets. The pilot involves key infrastructure participants including the Central Depository Services, National Securities Depositories, and major financial institutions such as HDFC and ICICI. By integrating security and settlement processes, the project seeks to automate complex asset servicing tasks that currently rely on legacy systems. This move represents a significant evolution from the original Demat 1.0 framework, which digitized paper-based shareholdings starting in 1996. SEBI chairman Tuhin Kanta Pandey indicated that the scope of this tokenization effort is intended to expand beyond bonds to include equities, gold, and mutual funds. The successful implementation of this pilot could serve as a blueprint for other emerging markets looking to modernize their national financial infrastructure through blockchain integration.

#RBI #India #SEBI

fundsglobalasia.com·Sep 14, 20268.5

Infrastructure

Singapore banks complete first domestic tokenized deposit payments via Swift blockchain

DBS, OCBC, and UOB have successfully executed the first live domestic interbank payments using tokenized deposits on the Swift blockchain ledger in Singapore. This milestone follows recent successful cross-border trials by the same institutions, signaling a shift toward broader interoperability for tokenized assets. By moving beyond single-bank systems, these banks are addressing a critical limitation where tokenized deposits were previously restricted to internal client ecosystems. The use of Swift’s ledger as a common infrastructure allows for seamless value transfer between different banking entities, effectively creating a unified payment network. This development is significant for the RWA market as it demonstrates how established financial institutions can leverage existing messaging infrastructure to bridge fragmented DLT silos. Similar initiatives are currently underway globally, including projects by The Clearing House in the U.S. and the GBTD project in the U.K., highlighting a worldwide trend toward standardized tokenized deposit frameworks. Ultimately, this move positions Singapore as a leader in domestic interoperability, providing a scalable blueprint for the future of digital commercial bank money.

#TokenizedDeposits #Interoperability #Singapore

ledgerinsights.com·Sep 14, 20268.5

U.S. Treasuries

Centrifuge to release RWA report on tokenized money market funds’ structural differences

Centrifuge is preparing to release a comprehensive report analyzing the structural disparities among tokenized treasury and money market funds, which have grown to $14.2 billion in total assets under management by mid-2026. While these funds often hold identical underlying U.S. Treasury assets, the report highlights significant variations in fee structures, redemption timelines, and DeFi composability. Data from Centrifuge’s Tokenization Outlook 2026 reveals that 86% of industry operators identify distribution as their primary challenge, while only 12% of tokenized assets currently possess the technical composability required for seamless DeFi integration. The analysis underscores a critical tension between the desire for yield-bearing cash equivalents and the regulatory reality that classifies these products as securities, necessitating KYC and transfer restrictions. Centrifuge’s own flagship offerings, such as the Janus Henderson Anemoy Treasury Fund (JTRSY), demonstrate efforts to improve transparency through onchain NAV reporting. As the market matures, the report argues that investors must look beyond uniform yields to evaluate the specific plumbing and liquidity constraints of individual tokenized wrappers. This shift in focus is essential for the industry to move beyond the current state where many assets exist onchain but remain isolated from the broader decentralized ecosystem.

#Centrifuge #RWA #TokenizedTreasuries

cryptobriefing.com·Sep 14, 20267.5

Infrastructure

REC Successfully Issued India’s First Pilot Issue on Tokenized Corporate Bonds

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has successfully executed India's first pilot issuance of tokenized corporate bonds. This milestone marks a significant shift in the Indian financial landscape by leveraging blockchain technology to streamline debt issuance and settlement processes. By tokenizing these corporate bonds, REC aims to enhance transparency, reduce settlement cycles, and improve overall operational efficiency within the domestic capital markets. The pilot serves as a proof-of-concept for the broader adoption of distributed ledger technology in the Indian public sector. This development is critical for the RWA market as it demonstrates institutional appetite for digital securities in emerging economies. The successful issuance signals a potential regulatory shift toward modernizing traditional debt instruments through tokenization. As a major state-owned entity, REC's involvement provides a credible blueprint for other Indian PSUs to explore blockchain-based financing solutions.

#Blockchain #Tokenization #CorporateBonds

indianmandarins.com·Sep 14, 20267.5

Infrastructure

Polymath and Polymesh Join the Tokenized Asset Foundation (STO Foundation) as Founding Partners

Polymath and Polymesh have officially joined the Tokenized Asset Foundation, formerly known as the STO Foundation, as founding partners to advance the standardization of regulated digital assets. This collaboration aims to foster industry-wide adoption of security token standards by leveraging the expertise of both entities in the blockchain-based securities sector. By aligning with the Foundation, Polymath and Polymesh seek to promote interoperability and regulatory compliance across the fragmented RWA landscape. The partnership underscores a strategic shift toward unified governance and technical frameworks for tokenized real-world assets. This move is significant as it signals a consolidation of efforts among key infrastructure providers to bridge the gap between traditional finance and decentralized ledger technology. The Foundation intends to provide a neutral platform for stakeholders to develop open-source protocols that facilitate the issuance and management of compliant digital securities. Ultimately, this initiative reflects the growing maturity of the RWA market as it moves toward institutional-grade infrastructure and standardized regulatory compliance.

#Polymesh #RWA #SecurityTokens

einnews.com·Sep 14, 20267.5

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