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Infrastructure

Clarity Act preliminary vote falls short in Senate amid ethics fight over Trump’s crypto wealth

The U.S. Senate failed to advance the Clarity Act during a preliminary vote, stalling legislative efforts to establish a comprehensive regulatory framework for digital assets. The legislative setback was primarily driven by intense political friction regarding President Trump's personal cryptocurrency holdings and potential conflicts of interest. This failure highlights the ongoing difficulty in separating partisan political disputes from the technical necessity of creating clear rules for tokenized assets and blockchain-based financial instruments. For the RWA market, the lack of legislative progress prolongs the period of regulatory uncertainty that currently hinders institutional adoption of tokenized securities. Market participants remain in a state of limbo, as the absence of a clear legal pathway for digital asset classification complicates the integration of real-world assets into decentralized finance protocols. The inability to pass this bill suggests that broader RWA adoption may face continued headwinds until lawmakers can decouple crypto-asset regulation from broader political agendas. Consequently, the industry must continue to navigate a fragmented regulatory landscape that lacks the federal clarity required for large-scale institutional participation.

#DigitalAssets #Regulation #CLARITYAct

The Block·Sep 15, 20267.5

Infrastructure

UK tokenization feedback puts collateral first, but settlement finality stands in the way

The Bank of England and the Financial Conduct Authority (FCA) recently summarized feedback from their call for input regarding wholesale market tokenization. Industry participants identified the rapid movement and reuse of collateral as the primary benefit of tokenization, prioritizing it over 24/7 trading or atomic settlement. However, respondents expressed significant concern regarding the regulators' proposal to determine settlement finality contractually rather than through legislation. Industry experts argue that without statutory legal finality, assets lack the necessary insolvency protection to be safely re-pledged or used as margin. This legal ambiguity currently threatens to undermine the very collateral mobility that market participants seek to achieve. In response, the Bank of England confirmed that stablecoins may be utilized as settlement assets within the Digital Securities Sandbox. Furthermore, the Bank is evaluating the eligibility of tokenized assets as collateral within its Sterling Monetary Framework, while the FCA has initiated a consultation on tokenized gold.

#Tokenization #BankOfEngland #DigitalSecuritiesSandbox

ledgerinsights.com·Sep 15, 20268.0

Infrastructure

Standard Chartered says Arbitrum could outperform Bitcoin, Ether through 2030

Standard Chartered projects that the Arbitrum layer-2 network could see its native ARB token reach $10 by 2030, driven by the integration of institutional tokenization projects. The bank highlights the launch of Robinhood Chain as a pivotal development that has already significantly altered Arbitrum's economic model. By capturing 10% of net protocol revenue from entities building on its infrastructure, Arbitrum stands to benefit directly from the broader migration of traditional financial assets onchain. Standard Chartered estimates that total tokenized real-world assets have reached nearly $39 billion and forecasts this market will grow to $4 trillion by 2028. The bank notes that Arbitrum's revenue in September is expected to hit $5 million, a fivefold increase since the July launch of Robinhood Chain. This shift suggests that layer-2 networks providing institutional-grade infrastructure may become primary beneficiaries of the RWA sector's expansion. However, the bank warns that the realization of this price target depends on the sustained pace of asset tokenization and the network's ability to maintain a competitive edge against other blockchains.

#Arbitrum #RWA #Tokenization

Cointelegraph — Tokenization·Sep 15, 20267.5

Infrastructure

Should you bet on AI or crypto? Plus, the SEC’s tokenized stock overhaul

Joris Delanoue, CEO of Fairmint, discusses the SEC's proposed overhaul of transfer-agent rules, which represents the first significant regulatory update in decades. This potential change is critical for the RWA market because it could allow blockchain networks to serve as the official record of securities ownership. By enabling a single source of truth for issuers and shareholders, this shift aims to resolve long-standing disputes regarding stock-token ownership, such as the historical AMC–Robinhood conflict. Delanoue highlights three distinct models of tokenized equities that could emerge under these new rules. This development is essential for the RWA sector as it bridges the gap between traditional financial infrastructure and decentralized ledger technology. Establishing legal recognition for on-chain records is a foundational step toward the widespread adoption of tokenized assets. Ultimately, these regulatory updates could streamline the issuer-shareholder relationship and provide the necessary legal clarity for institutional participation in tokenized securities.

#TokenizedEquities #SEC #Infrastructure

finance.yahoo.com·Sep 15, 20267.5

Infrastructure

NSDL and CDSL launch Demat 2.0 for tokenised securities and CBDC settlement

The National Securities Depository Limited (NSDL) has announced the launch of 'Demat 2.0', a strategic initiative designed to modernize India's securities infrastructure through the integration of tokenized assets and Central Bank Digital Currency (CBDC) settlement. By leveraging distributed ledger technology, NSDL aims to streamline the settlement process for securities, reducing the reliance on traditional clearing cycles and enhancing operational efficiency for market participants. This move represents a significant shift for the Indian financial ecosystem, as it aligns national depository standards with global trends in digital asset adoption and blockchain-based settlement. The implementation of tokenized securities within a regulated depository framework provides a secure environment for institutional and retail investors to engage with digital financial instruments. Furthermore, the integration of CBDC for settlement purposes addresses liquidity and counterparty risk, marking a critical step toward a more programmable and instantaneous financial market. As India continues to explore the intersection of traditional finance and blockchain, NSDL's initiative serves as a foundational layer for future RWA tokenization projects. This development is pivotal for the RWA market, as it demonstrates how established national infrastructure providers are actively adopting tokenization to improve market transparency and settlement speed.

#TokenizedSecurities #Infrastructure #CBDC

moneycontrol.com·Sep 15, 20268.5

Infrastructure

Sebi’s Demat 2.0 lays groundwork for tokenising more regulated financial assets

The Securities and Exchange Board of India (SEBI) has launched the 'Demat 2.0' pilot program to test distributed ledger technology (DLT) as a foundational layer for the corporate bond market. By integrating tokenized securities with the Reserve Bank of India’s wholesale digital rupee, the initiative enables atomic Delivery-versus-Payment (DvP) settlement, effectively eliminating the time gap between security transfer and cash payment. The pilot maintains the existing legal framework of corporate bonds, including ISINs and investor rights, while utilizing private, permissioned DLT networks operated by depositories. This infrastructure shift allows for the automation of corporate actions like coupon payments and redemptions through smart contracts. Although the current pilot is limited to a ₹1,025 crore scope, it serves as a critical proof-of-concept for the broader tokenization of regulated financial assets in India. Industry experts view this as a strategic application of India's Digital Public Infrastructure playbook to modernize capital markets. The success of this initiative will ultimately depend on the development of secondary-market liquidity and the eventual expansion to retail participation.

#CorporateBonds #DLT #CBDC

businesstoday.in·Sep 15, 20268.5

Infrastructure

IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction

IIFL Finance has become the first non-PSU Non-Banking Financial Company in India to execute a ₹25 crore tokenized bond transaction. The deal was conducted under the Securities and Exchange Board of India's Regulatory Sandbox framework, utilizing the Metropolitan Stock Exchange of India as the bidding platform. Trust Investment Advisors Private Limited served as the sole arranger and advisor for the issuance, which is slated for listing on the National Stock Exchange of India. This milestone aligns with a broader national initiative to integrate blockchain and distributed ledger technology into the country's debt capital markets. The transaction follows a joint pilot launch by the Reserve Bank of India and SEBI at the Global Fintech Fest 2026, which aims to combine DLT with central bank digital currency for instantaneous settlement. By adopting this technology, IIFL Finance seeks to enhance the efficiency, transparency, and speed of its capital market operations. This development signals a significant shift toward digitizing financial infrastructure within the Indian corporate bond sector.

#TokenizedBonds #DLT #India

m.thewire.in·Sep 15, 20268.0

Infrastructure

Astar Fi Opens Public Beta for Onchain Personal Finance Manager

Astar Fi has officially launched its public beta, introducing an onchain personal finance manager designed to bridge the gap between portfolio tracking and active asset management. Incubated by the Astar Foundation, the platform allows self-directed users to monitor their net worth while accessing a curated, risk-rated selection of DeFi vaults and tokenized real-world assets. The interface aggregates opportunities from protocols like Morpho, Aave, and Midas, alongside tokenized products from major issuers including BlackRock, Apollo, Fidelity, and Ondo. By providing contract-level transparency and risk assessments for 436 tokenized stock and ETF records, the platform aims to simplify the management of diverse onchain portfolios. Users maintain self-custody of their assets throughout the process, as the platform does not issue or mint the underlying tokens itself. This development marks a shift toward more sophisticated, institutional-grade tooling for retail investors navigating the fragmented landscape of tokenized securities and decentralized finance. The platform currently supports assets on Ethereum and Base, with plans to expand its multichain capabilities over time.

#Ethereum #Base #DeFi

benzinga.com·Sep 15, 20267.0

Infrastructure

CLARITY Act Vote Set For Tuesday As Senate Democrats Push Counteroffer

Senate Democrats have submitted a counterproposal to Republican negotiators regarding the CLARITY Act, a legislative effort aimed at establishing a regulatory framework for digital assets. This development occurred just hours before a critical procedural cloture vote scheduled for September 15, which requires 60 votes to advance. The updated Republican draft incorporates 126 substantive changes requested by Democrats, specifically addressing ethics restrictions for federal officials regarding their digital asset holdings. Key provisions include mandates for divestment or the use of qualified blind trusts for covered officials, alongside new enforcement powers for state attorneys general. The bill also introduces a mechanism for the Treasury secretary to study and potentially restrict stablecoin reward practices if they threaten community bank deposits. However, banking industry groups, including the American Bankers Association, argue that the proposed 18-month study timeline is insufficient to prevent deposit flight. The outcome of this vote is significant for the RWA market as it signals the potential for federal oversight on stablecoins and the integration of blockchain assets into traditional financial ethics standards. The legislative process remains fluid as both parties negotiate the final language surrounding state authority and financial stability.

#Stablecoins #DigitalAssets #Regulation

Blockonomi·Sep 15, 20267.5

Infrastructure

From Real Estate to Bonds: RealX Opens Infrastructure for India’s Next Tokenisation Wave

India's asset tokenization market is projected to grow from $133.5 million in 2026 to $245.7 million by 2033, with real estate representing nearly one-third of the market share this year. To support this expansion, RealX has partnered with MST Blockchain to launch 'The Box,' a modular infrastructure suite designed for developers, startups, and corporations. This platform provides the necessary legal, compliance, and security frameworks for businesses to build and operate their own tokenized RWA platforms. By shifting from a model where a single entity tokenizes assets to an infrastructure-as-a-service approach, RealX aims to democratize access to blockchain-based ownership. This development aligns with India's broader financial agenda, which increasingly prioritizes blockchain integration for assets like bonds, deposits, and land. The initiative addresses the critical industry bottleneck of scaling tokenization beyond technical feasibility into operational reality. Ultimately, this move seeks to replicate the success of India's open digital payment rails within the real-world asset ownership sector.

#RWA #Tokenization #India

cxotoday.com·Sep 15, 20267.5

Infrastructure

HSBC Partners with Ripple-Owned Metaco for Tokenized Securities Custody Platform

HSBC has entered a strategic partnership with Metaco, a digital asset custody firm acquired by Ripple for $250 million, to enhance its capabilities in tokenized securities. The collaboration centers on the integration of Metaco’s Harmonize platform, which provides the institutional-grade infrastructure necessary for secure digital asset operations. By leveraging this technology, HSBC aims to address the growing demand from asset managers and owners for robust custody and fund administration services for tokenized assets. This initiative represents a significant step in HSBC's broader exploration of distributed ledger technology for asset generation and lifecycle management. Tokenized securities, including stocks, ETFs, and bonds, are increasingly viewed as a mechanism to improve efficiency through fractionalized ownership and digital representation. The move underscores the commitment of major global financial institutions to building the necessary plumbing for a tokenized financial ecosystem. As traditional banks adopt blockchain-based custody solutions, the barrier to entry for institutional participation in the RWA market continues to lower.

#Ripple #TokenizedSecurities #HSBC

coinmarketcap.com·Sep 15, 20267.5

Infrastructure

Tokenized RWAs top $38 billion as market shifts from listings to utility

The total value of tokenized real-world assets has surpassed $38 billion, yet industry analysts at Castle Labs argue that the market's next phase must prioritize utility over simple asset listings. While platforms like BlackRock, Franklin Templeton, and Ondo have successfully brought assets on-chain, current data indicates that 77.6% of these assets remain basic digital wrappers rather than native instruments. The market is currently fragmented across major blockchains, with Ethereum leading at $17.3 billion, followed by BNB Chain and Solana. Experts emphasize that future growth depends on achieving interoperability, deep liquidity, and the ability to use tokenized assets as collateral within DeFi protocols. Reports from the IMF and OECD highlight that while tokenization offers benefits like atomic settlement, significant barriers such as custody gaps and legal uncertainty persist. As of mid-September 2026, the sector serves over 4.2 million holders, with U.S. Treasuries accounting for $15.9 billion of the total market value. Ultimately, the industry is shifting its focus from merely increasing the supply of tokenized products to ensuring these assets can effectively interact within a broader financial ecosystem.

#Ethereum #RWA #Tokenization

cryptopolitan.com·Sep 15, 20268.0

Infrastructure

India Launches $620B Tokenized Bond Experiment Using Digital Rupee

The Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have launched 'Demat 2.0,' a pilot program designed to test the issuance and settlement of tokenized corporate bonds on a distributed ledger. This initiative integrates blockchain technology with India's existing statutory depositories and the wholesale digital rupee (CBDC) to facilitate atomic delivery-versus-payment. By enabling simultaneous bond transfer and settlement, the system aims to significantly reduce transaction risks and increase operational efficiency within India's $620 billion corporate bond market. The first phase of the pilot has already successfully facilitated the issuance of ₹1,025 crore ($116 million) in tokenized bonds by REC, Larsen & Toubro, and IIFL Finance. These digital assets maintain standard coupon rates and investor rights while remaining accessible through existing Demat accounts. This development marks a significant milestone as India becomes the first nation to combine natively issued DLT bonds with CBDC settlement within a regulated market framework. The experiment serves as a critical real-world test for scaling blockchain infrastructure in national financial systems, with future plans to include secondary market trading and retail investor access.

#Tokenization #CorporateBonds #CBDC

coinpedia.org·Sep 15, 20268.5

Infrastructure

Robinhood Chain Nears $1 Billion TVL as Memecoins, Tokenized Stocks Create Growth Loop

Robinhood Chain has reached nearly $1 billion in total value locked just over two months after its July 1 launch, signaling rapid adoption within the decentralized finance ecosystem. According to a StoneX report by analyst Mark Palmer, this growth is driven by a unique synergy between memecoin speculation and the trading of tokenized stocks. The platform's permissionless structure, combined with gas-fee subsidies for transactions over $5, has facilitated a high volume of token issuance, with approximately 10,000 tokens created daily via platforms like Pons. On September 13, daily decentralized exchange volume on the chain hit $1.88 billion, representing over half of Uniswap's total volume. The ecosystem benefits from a feedback loop where memecoin interest drives demand for tokenized stocks, which in turn provides financial legitimacy to the memecoin narrative. Despite this momentum, current data suggests that the majority of activity is driven by crypto-native users rather than the existing Robinhood retail app customer base. Furthermore, the chain's stablecoin market capitalization has surged to over $1 billion, with USDG and Ethena’s USDe serving as the primary assets. This rapid expansion highlights the potential for integrated tokenized financial products to capture significant market share in the decentralized trading landscape.

#Stablecoins #TokenizedStocks #DeFi

en.bloomingbit.io·Sep 15, 20267.5

Infrastructure

NASDAQ Bets $100 Million on Kraken's Parent as Tokenized Stocks Target 2027...

Nasdaq has committed a $100 million investment into Payward, the parent company of the cryptocurrency exchange Kraken, to accelerate the development of tokenized stock trading. This strategic partnership aims to launch Nasdaq Equity Tokens (NETs) by the second quarter of 2027, bringing 24/7 trading flexibility to traditional equity markets. Beyond the tokenization initiative, Payward will integrate Nasdaq’s proprietary surveillance technology across its trading venues to enhance market monitoring for both crypto and traditional assets. The deal underscores a significant institutional push to bridge the gap between legacy financial infrastructure and digital asset platforms. While the investment values Payward at $21 billion, the focus remains on building the underlying systems for regulated tokenized securities. The initiative faces the complex challenge of balancing economic exposure with shareholder rights, a point of contention in previous market disputes. Ultimately, this collaboration represents a major exchange operator betting on the future of blockchain-based settlement and trading infrastructure.

#TokenizedStocks #Kraken #Nasdaq

globalcryptopress.com·Sep 15, 20268.5

Infrastructure

Crypto Regulation in 2026: A Complete Guide to the GENIUS Act, CLARITY Act, MiCA, and Global Rules

The regulatory landscape for digital assets is undergoing significant formalization through the enactment of the GENIUS Act in the U.S. and the full implementation of MiCA in the European Union. The GENIUS Act, signed into law on July 18, 2025, establishes a comprehensive framework for payment stablecoin issuers, mandating 1:1 backing with liquid reserves and monthly disclosures. Concurrently, the EU's MiCA regulation, which reached its final transitional phase by July 1, 2026, mandates authorization for Crypto-Asset Service Providers and sets strict standards for asset-referenced and e-money tokens. While these frameworks aim to enhance market stability and consumer protection, the U.S. market remains in flux regarding broader exchange oversight, as the CLARITY Act of 2025 remains a pending legislative bill. These developments are critical for the RWA market because they provide the legal certainty required for institutional participation and the tokenization of financial instruments. By standardizing reserve requirements and redemption rights, these laws create a foundation for stablecoins to function as reliable settlement layers for real-world assets. Investors and issuers must now navigate a fragmented global environment where compliance requirements vary significantly by jurisdiction and asset classification.

#Stablecoins #Compliance #MiCA

stealthex.io·Sep 15, 20267.5

Infrastructure

SEBI launches Demat 2.0 to bring tokenised corporate bonds to investors | Demat 2.0 phase focuses on bond issuances | Inshorts

The Securities and Exchange Board of India (SEBI) has officially launched 'Demat 2.0', a strategic initiative designed to modernize the Indian debt market by introducing tokenized corporate bonds. This phase specifically targets the streamlining of bond issuances, aiming to enhance transparency, reduce settlement times, and increase accessibility for retail and institutional investors. By leveraging distributed ledger technology, SEBI intends to eliminate traditional inefficiencies associated with paper-based or legacy electronic bond management systems. This move represents a significant regulatory endorsement of blockchain-based securities in one of the world's largest emerging markets. The integration of tokenization into the national dematerialization framework signals a shift toward programmable finance for corporate debt instruments. As India moves to digitize its capital markets, this framework provides a scalable foundation for future asset classes to be issued on-chain. The initiative is expected to lower entry barriers for investors while providing issuers with a more efficient mechanism for capital raising.

#Tokenization #CorporateBonds #India

inshorts.com·Sep 14, 20268.0

Infrastructure

Larsen & Toubro accepts INR 5 billion bids for tokenised bonds

Indian engineering conglomerate Larsen & Toubro (L&T) has successfully raised INR 5 billion through the issuance of tokenized corporate bonds. This transaction marks a significant milestone for the Indian debt capital markets by leveraging blockchain technology to streamline the issuance and settlement process. By utilizing a digital ledger, L&T aims to enhance transparency, reduce administrative overhead, and shorten the settlement cycle compared to traditional bond issuance methods. The move signals growing institutional confidence in the efficiency of distributed ledger technology for large-scale corporate financing in emerging markets. This development is particularly noteworthy as it demonstrates the practical application of tokenization by a major infrastructure firm to optimize capital raising. As more Indian corporations explore blockchain-based debt instruments, the broader RWA market gains further validation for the scalability of tokenized securities. The successful execution of this INR 5 billion issuance serves as a blueprint for future digital asset adoption within the Indian financial ecosystem.

#Blockchain #TokenizedBonds #India

propnewstime.com·Sep 14, 20267.5

Infrastructure News

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