Infrastructure
Infrastructure News
Latest Infrastructure analysis and market intelligence from RWA Signal.
7.5
Infrastructure
cointrust.com·Jun 29
Canton Network Tops Blockchain Revenue With $60.2M
Canton Network has achieved a significant milestone by recording $60.2 million in revenue over a 30-day period, positioning it as the highest revenue-generating blockchain in the industry. This performance notably outpaced established platforms like Tron, which generated $27.6 million, and Ethereum, which reported $3.2 million during the same timeframe. The surge in revenue highlights a growing market preference for specialized blockchain infrastructure tailored to enterprise and institutional requirements. While the network currently reports zero trading volume, its ability to generate substantial revenue suggests strong underlying commercial adoption and utility. This shift underscores a broader industry trend where revenue generation is becoming a primary metric for evaluating the long-term viability of blockchain ecosystems. By focusing on functionality and developer-centric tools, Canton Network is successfully attracting participants who prioritize practical, real-world applications over speculative activity. This development signals a potential realignment in competitive dynamics, as newer, enterprise-oriented platforms begin to challenge the dominance of legacy blockchain networks.
9.5
Infrastructure
Securitize heads to NYSE debut after investors approve SPAC merger
Securitize has cleared the final regulatory hurdle for its public listing following shareholder approval of its merger with Cantor Equity Partners II. The transaction is scheduled to close this Wednesday, with the combined entity set to begin trading on the New York Stock Exchange under the ticker SECZ on Thursday. This milestone marks a significant transition for the tokenization infrastructure provider, which has facilitated blockchain-based investment products for major institutions including BlackRock, Apollo, KKR, and VanEck. Founded in 2017, the firm has established itself as a critical bridge between traditional finance and distributed ledger technology. The NYSE debut provides public market investors with a rare pure-play opportunity to gain exposure to the expanding tokenization sector. This development arrives as industry projections from Citi and Standard Chartered suggest the market for tokenized assets could reach trillions of dollars by the end of the decade. By entering the public markets, Securitize signals the increasing institutional maturity and mainstream adoption of real-world asset tokenization.
8.5
Infrastructure
Broadridge Hires EY Partner As Tokenized Securities Race Moves Into Market Infrastructure
Broadridge Financial Solutions has appointed former EY partner Mark Nichols as Co-President of Digital Assets to accelerate its institutional tokenization strategy. This leadership expansion underscores a broader industry shift where major financial infrastructure providers are prioritizing the operational plumbing of tokenized securities over retail cryptocurrency ventures. Broadridge currently operates a Distributed Ledger Repo platform that settles approximately $365 billion in tokenized real assets daily, marking a transition from pilot projects to large-scale production. By focusing on post-trade processing, governance, and settlement, the firm aims to modernize how traditional assets like government bonds and equities are financed. The appointment of an executive with deep experience in collateral management and market infrastructure signals that tokenization is becoming a core component of mainstream financial systems. As global institutions like JPMorgan and BlackRock continue their own initiatives, the competition is increasingly centered on who provides the most scalable and compliant underlying technology. This development highlights that the future of RWA tokenization relies on institutional-grade workflows that integrate seamlessly with existing capital market operations.
9.0
Infrastructure
Tokenized Deposits Gain Traction as Banks Race to Build
Tokenized deposits are rapidly transforming transaction banking by offering programmable, real-time settlement capabilities that traditional systems lack. Currently, only 3.4% of the world's top 290 banks have live tokenized deposit services, but Fireblocks projects this adoption will surge to 21% by mid-2027. Unlike stablecoins, these assets are direct liabilities on a bank's balance sheet, ensuring they maintain standard regulatory protections and deposit insurance. Major institutions including JPMorgan, Citi, and HSBC are already leveraging this technology to streamline liquidity, with JPMorgan’s Kinexys platform alone processing over $5 billion daily. The shift is driven by the need to unlock trillions in trapped capital, such as the $27 trillion currently held in nostro accounts globally. While 88% of banks have allocated funding for digital infrastructure, internal hurdles like talent shortages and legacy systems have kept production rates at only 16%. As The Clearing House prepares a shared on-chain network for 2027, the industry faces a critical window to adopt these tools or risk losing corporate clients to more digitally advanced competitors.
7.5
Infrastructure
Tokenized Assets Could Hit $8.2 Trillion by 2030
The global market for tokenized assets is projected to reach a valuation of $8.2 trillion by 2030, according to recent industry analysis. This growth trajectory is driven by the increasing integration of blockchain technology into traditional financial systems, which enhances liquidity and operational efficiency. By converting real-world assets into digital tokens, institutions can reduce settlement times and lower administrative costs associated with asset management. The shift represents a fundamental change in how capital markets operate, moving from legacy infrastructure to decentralized, programmable ledgers. Major financial institutions are actively exploring these technologies to capture market share in the emerging digital asset ecosystem. As regulatory frameworks continue to mature, the adoption of tokenization is expected to accelerate across various asset classes. This transition signifies a broader institutional acceptance of blockchain as a viable infrastructure for global finance, potentially unlocking significant value for investors and issuers alike.
6.5
Infrastructure
Tokenized Asset Portfolio Ideas: Types and How to Choose
Real World Asset (RWA) tokenization is transforming traditional finance by converting physical and financial assets into blockchain-based tokens, enabling fractional ownership and 24/7 liquidity. As of June 17, 2026, the RWA market has reached a Distributed Asset Value of $32.38 billion, with U.S. Treasury debt leading the sector at $15 billion. Commodities follow with $4.8 billion, while real estate and credit instruments continue to expand their reach globally. Platforms like RealT, Propy, Centrifuge, and Maple Finance are facilitating this shift, supported by major issuers such as BlackRock and Ondo. The growth is further bolstered by $297.38 billion in stablecoin circulation, which provides the necessary liquidity for these digital ecosystems. Regulatory bodies like Indonesia's OJK are actively developing frameworks to oversee these assets, ensuring consumer protection through initiatives like the Regulatory Sandbox. This evolution allows retail investors to access previously exclusive asset classes with significantly lower capital requirements.
7.5
Infrastructure
Stablecoins as AI Infrastructure Fuel: Why On-Chain Cash Wants Data-Center Collateral
The integration of stablecoins as collateral for AI infrastructure marks a significant evolution in the utility of on-chain cash. By utilizing data centers and high-performance computing assets as backing, protocols are attempting to bridge the gap between digital liquidity and physical hardware requirements. This shift addresses the massive capital expenditure needs of AI firms while providing stablecoin issuers with yield-generating, real-world assets. The model suggests that tokenizing infrastructure allows for fractional ownership of GPU clusters and server farms, effectively democratizing access to AI-related revenue streams. As AI demand continues to outpace traditional financing, this collateralization strategy offers a scalable solution for liquidity providers. The move signals a broader trend where stablecoins move beyond simple currency pegs to become foundational layers for industrial-scale technology. This development is critical for the RWA market as it demonstrates how blockchain can facilitate the financing of the physical backbone of the artificial intelligence economy.
6.5
Infrastructure
Bybit to phase out Global services for EEA users as MiCA migration begins
Bybit has initiated a progressive restriction of services on its global platform for residents within the European Economic Area to align with the European Union's Markets in Crypto-Assets (MiCA) regulatory framework. This strategic shift requires EEA users to transition from the global platform to Bybit’s MiCAR-authorized European entity, ensuring full compliance with regional financial laws. Affected users in major markets including France, Germany, Italy, Spain, and the Netherlands will receive advance notice to manage their positions and balances. While access to certain global services is being phased out, the exchange guarantees that customers will retain custody of their assets throughout the migration process. Bybit is simultaneously pursuing an additional license in Austria to broaden its product offerings across the continent. This move represents a significant operational pivot for major exchanges as they move from securing regulatory approvals to the active enforcement of MiCA-compliant service models. The transition underscores the increasing pressure on global crypto platforms to localize operations to maintain access to the European market.
8.5
Infrastructure
JPMorgan’s Kinexys Adds Five Asia-Pacific Currencies
JPMorgan has significantly expanded its Kinexys blockchain-based payments platform by adding support for five new currencies in the Asia-Pacific region. The platform now facilitates institutional transactions in the Australian dollar, Hong Kong dollar, Japanese yen, Chinese yuan, and Singapore dollar, alongside the previously supported U.S. dollar, euro, and British pound. This update brings the total number of available currencies to eight, specifically targeting the growing demand for efficient blockchain-based payments and foreign-exchange trading among institutional clients. By integrating these regional currencies, JPMorgan is positioning Kinexys to capture a larger share of the cross-border settlement market in Asia. This development underscores the increasing institutional adoption of distributed ledger technology for traditional financial operations. The expansion represents a strategic effort to streamline liquidity management and reduce settlement times for global financial institutions operating within the APAC corridor. Such advancements are critical for the RWA market as they provide the necessary infrastructure for tokenized assets to be settled instantly across diverse fiat denominations.
7.5
Infrastructure
Ripple wants institutions to borrow against tokenized assets on XRPL
Ripple has introduced proposals for a new lending protocol on the XRP Ledger, aiming to enable institutional borrowing against onchain assets. The proposed system, outlined in technical drafts XLS-65 and XLS-66, separates the blockchain's mechanical enforcement of loans from the off-chain credit decision-making process. By keeping credit assessments with traditional institutions, Ripple seeks to bridge the gap between blockchain efficiency and regulatory compliance. The protocol utilizes Single Asset Vaults to pool liquidity, allowing entities to secure short-term financing against assets like the RLUSD stablecoin. This infrastructure is designed to automate repayment and default processing while maintaining consistent, immutable rules at the network's base layer. Unlike crypto-native lending protocols that rely on community governance, Ripple's approach targets institutional stability by preventing underlying risk rules from shifting. This development represents a strategic move to position the XRP Ledger as a viable platform for institutional-grade financial services.
9.5
Infrastructure
Canton Network Rolls Out New Synchronizer Architecture Built for High‑Reliability Onchain Finance
Digital Asset has successfully raised $355 million to accelerate the development and scaling of the Canton Network, with a16z crypto spearheading the investment round by contributing $100 million. This significant capital injection values the company at $2 billion, underscoring growing institutional confidence in privacy-enabled blockchain infrastructure. The Canton Network is increasingly positioned as a critical settlement layer, evidenced by recent collaborations such as the proof-of-concept launched by Visa and Brale to test the SBC stablecoin for institutional transactions. Furthermore, the Depository Trust & Clearing Corporation (DTCC) has expanded its footprint by tokenizing Russell 1000 constituents, ETFs, and U.S. Treasury bonds across both the Stellar and Canton networks. These developments collectively signal a shift toward interoperable, regulated financial rails that prioritize privacy and cross-chain settlement efficiency. By integrating traditional financial giants with advanced distributed ledger technology, these initiatives aim to modernize legacy clearing and settlement processes. The maturation of the Canton ecosystem represents a pivotal step in bridging the gap between institutional finance and decentralized infrastructure.
8.0
Infrastructure
Siebert Expands Into Tokenized Securities Through tZERO's End-to-End Digital Markets Infrastructure
Muriel Siebert & Co., a broker-dealer managing approximately $20 billion in assets, has partnered with tZERO to integrate blockchain-based infrastructure for tokenized securities. This collaboration allows Siebert to offer end-to-end digital asset services, including investor onboarding, compliance, custody, and secondary market trading. By leveraging tZERO’s regulated technology stack, Siebert avoids the need to build proprietary digital asset capabilities from the ground up. The partnership’s first initiative involves supporting the private placement of GLDY, a gold-backed, yield-bearing tokenized security issued by Streamex Ltd. under Rule 506(c) of Regulation D. This move highlights a broader trend of established financial institutions adopting turnkey, compliant blockchain infrastructure to enter the digital capital markets. The integration signifies a shift toward institutional-grade, regulated platforms that bridge traditional brokerage experiences with the efficiency of tokenization. Ultimately, this partnership validates the demand for integrated, compliant solutions that enable traditional firms to modernize their offerings while maintaining regulatory standards.
5.5
Infrastructure
JPMorgan Expands Tokenized Deposit Network With Singapore Dollar
The provided text contains a collection of disparate industry updates rather than a single cohesive narrative regarding a specific RWA event. Notable developments include Baillie Gifford entering the digital asset space with over $377 billion in assets under management and Fireblocks launching a 90-day roadmap to upgrade embedded wallets into sophisticated financial products. Polygon continues to solidify its role in digital payments through significant stablecoin activity, while Sui Network has partnered with Token Terminal to enhance blockchain analytics capabilities. Additionally, Let’s Burn has formed a strategic partnership with the CeDeFi yield hub SumPlusReal, and Coinbase's Base blockchain successfully resolved a two-hour block production outage. These updates collectively highlight the ongoing maturation of blockchain infrastructure and the increasing institutional interest in tokenized financial services. The integration of advanced analytics and improved wallet functionality is critical for the RWA market to achieve broader adoption and operational efficiency. By diversifying their service offerings, these firms are laying the groundwork for more complex, on-chain financial interactions.
7.5
Infrastructure
Understanding the Risk Profile of Tokenized Assets in Institutional Portfolios
The market for tokenized real-world assets grew from $10 billion in 2024 to $17.88 billion by March 2025, driven primarily by tokenized treasuries and private credit. While this expansion signals rising institutional conviction, it necessitates a sophisticated approach to risk management that distinguishes between underlying asset risks and new infrastructure-related vulnerabilities. Tokenization does not alter the fundamental financial characteristics of an instrument, meaning traditional credit and valuation risks remain paramount. However, the shift to ledger-based automation introduces unique operational risks, including smart contract bugs, private key management challenges, and cybersecurity threats. Regulatory bodies like the SEC emphasize that tokenized securities must adhere to existing compliance and disclosure standards, while new legislation like the U.S. GENIUS Act and Europe's MiCA framework are formalizing operating parameters. Institutions must navigate these evolving legal landscapes while addressing liquidity fragmentation and the complexities of digital asset custody. Ultimately, successful institutional adoption depends on integrating these assets into existing risk frameworks while implementing rigorous controls for on-chain infrastructure.
7.5
Infrastructure
Bullish receives Gibraltar Financial Services Commission approval to offer trading in tokenized securities
Bullish, a regulated digital asset exchange, has secured approval from the Gibraltar Financial Services Commission to facilitate trading in tokenized securities. This regulatory milestone allows the platform to expand its service offerings beyond traditional cryptocurrencies into the broader RWA sector. By leveraging its existing regulatory framework, Bullish aims to bridge the gap between institutional-grade financial products and blockchain-based trading environments. The approval signifies a growing trend of established exchanges seeking formal oversight to capture the increasing demand for tokenized financial instruments. This development is significant for the RWA market as it provides a compliant venue for the secondary market trading of tokenized assets. As more jurisdictions provide clear regulatory pathways, the infrastructure for institutional participation in tokenized securities continues to mature. Bullish's ability to integrate these assets into its current ecosystem positions it as a key player in the evolving landscape of digital finance.
7.5
Infrastructure
IMF Says Tokenization Is Finance's Next Evolution — Here's Why XRP Ledger Stands Out
The International Monetary Fund (IMF) has identified tokenization as the next major evolution in global financial markets, emphasizing its potential to enhance efficiency by removing intermediaries. IMF Senior Economist Itai Agur highlights that tokenization enables programmable assets, such as stocks, bonds, and real estate, to be transferred instantly and securely. This shift promises to reduce counterparty risk and administrative costs while facilitating fractional ownership and 24/7 liquidity. The XRP Ledger (XRPL) is increasingly positioned as a primary infrastructure for this transition due to its high-speed settlement and low transaction costs. Ripple has integrated native support for digital asset management, allowing institutions to issue and custody tokenized assets without complex smart contracts. Recent network upgrades, including automated market makers and decentralized identity, have bolstered its institutional appeal. Furthermore, the UK Parliament has explored XRPL for climate bond tokenization, signaling growing governmental interest in the platform's capabilities. As global financial institutions seek scalable blockchain solutions, the alignment between IMF-endorsed programmable finance and XRPL's architecture underscores the network's growing role in the RWA ecosystem.
5.5
Infrastructure
New MiCA regime in Europe, U.S. jobs report for June: Crypto Week Ahead
The European crypto market faces a significant regulatory transition as the MiCA framework's transitional period concludes, forcing exchanges to compete for Binance's former user base following the firm's failure to secure a license. This regulatory shift coincides with a busy week of U.S. macroeconomic data, including critical employment and manufacturing reports that are expected to influence digital asset volatility. Robinhood is also scheduled to reveal new product offerings, with CEO Vlad Tenev and crypto general manager Johann Kerbrat set to present. While market participants monitor these developments, the broader industry continues to evaluate the integration of U.S. equities onto blockchain rails. Although access to these tokenized assets is becoming easier, the industry faces a persistent challenge regarding true on-chain composability. Currently, only Binance and Backpack are identified as platforms providing both accessible entry and functional composability at scale. These developments highlight the ongoing tension between regulatory compliance, macroeconomic pressures, and the technical requirements for mature RWA infrastructure.
5.5
Infrastructure
CLARITY Act Faces Tougher Odds as Galaxy Research Downgrades 2026 Passage to 50%
The CLARITY Act, a significant cryptocurrency market structure bill, faces increasing legislative uncertainty as Galaxy Research has downgraded its probability of 2026 passage from 60% to 50%. Despite securing bipartisan approval from the Senate Banking Committee with a 15-9 vote on May 14, the bill is currently stalled at position 423 on the Senate legislative calendar. Alex Thorn of Galaxy Research cites a tightening Senate schedule and unresolved ethics provisions as primary hurdles to the bill's advancement. Urgent legislative priorities, such as the reauthorization of Section 702 of FISA, are consuming limited floor time, leaving little room for crypto-specific debate before the August recess. Furthermore, the bill requires 60 votes for passage, yet faces opposition from Senators Josh Hawley and Rand Paul, necessitating strong Democratic support that remains unconfirmed. Senate Majority Leader John Thune must now prioritize the bill in early July to avoid the legislative bottlenecks associated with the upcoming midterm election cycle. This delay is critical for the RWA market, as the CLARITY Act is intended to provide the regulatory framework necessary for institutional adoption and the legal certainty required for large-scale asset tokenization. Without a consolidated legislative package and resolved ethics concerns, the window for meaningful progress is rapidly closing.