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Latest Infrastructure analysis and market intelligence from RWA Signal.

SEBI's Tech-Driven Push for Bond Tokenisation and Financial Inclusion
Infrastructure

SEBI's Tech-Driven Push for Bond Tokenisation and Financial Inclusion

The Securities and Exchange Board of India (SEBI) is actively pursuing the integration of bond tokenization to modernize the nation's financial infrastructure and improve product distribution. During the Global Fintech Fest 2026 in Mumbai, SEBI Executive Director Manoj Kumar highlighted that converting traditional bonds into digital tokens is a core component of the regulator's broader technological strategy. By digitizing asset ownership, SEBI aims to simplify the issuance and transfer processes, thereby reducing friction in the bond market. This initiative is specifically designed to leverage the high technological engagement of India's younger demographic to drive greater financial inclusion. The regulator is maintaining a participative approach, engaging in ongoing dialogues with industry stakeholders to refine the framework for these digital assets. This move signals a significant regulatory shift toward embracing blockchain-based solutions for sovereign and corporate debt management. Ultimately, SEBI's focus on tokenization reflects a growing global trend among major regulators to utilize distributed ledger technology to enhance market efficiency and accessibility.

devdiscourse.com·Sep 9, 20267.5
RBI’s Vasudevan flags legal, privacy, interoperability risks in tokenization
Infrastructure

RBI’s Vasudevan flags legal, privacy, interoperability risks in tokenization

Reserve Bank of India (RBI) Executive Director P. Vasudevan highlighted critical challenges for the nation's tokenization roadmap, including legal uncertainty, data privacy, and the necessity for platform interoperability. Speaking at the Global Fintech Fest 2026, Vasudevan emphasized that while tokenization offers faster transactions and increased leverage, it introduces potential risks to financial stability that require careful regulatory oversight. The RBI has already successfully tested tokenization through its Unified Markets Interface, processing approximately ₹17,000 crore in certificate-of-deposit transactions. Recent milestones include pilot corporate bond issuances by REC and Larsen & Toubro, each raising ₹500 crore using a blockchain-based 'DEMAT 2.0' system. These pilots utilize the RBI’s wholesale central bank digital currency for settlement, aiming to reduce risks and automate the bond lifecycle. Vasudevan noted that existing market intermediaries like depositories and custodians must evolve into token service providers to support this transition. Ultimately, the RBI remains optimistic about expanding tokenization to diverse asset classes while maintaining a cautious approach to systemic stability.

livemint.com·Sep 9, 20268.5
Citi Launches Tokenized Deposit-Based Cross-Border
Infrastructure

Citi Launches Tokenized Deposit-Based Cross-Border

Citigroup is set to become the first foreign bank to launch tokenized deposit-based international transfers in Japan by the end of the year. This service will facilitate instant, 24/7 cross-border payments for Japanese companies operating across five countries. By leveraging tokenized deposits, the bank aims to streamline transaction processes and enhance operational efficiency for businesses in a globalized market. This initiative represents a significant advancement in the integration of blockchain-based financial technology within traditional banking frameworks. The move is expected to set a new standard for banking services in Japan, potentially influencing other financial institutions to adopt similar innovations. While the broader cryptocurrency market experiences mixed momentum, Citi's commitment to this technology highlights a strategic shift toward real-time, programmable financial operations. The service will operate under Japanese financial regulations, ensuring compliance while introducing cutting-edge payment solutions to the region.

coinfomania.com·Sep 9, 20267.5
WisdomTree Brings Tokenized Funds To Solana As RWA Market Crosses $1B
Infrastructure

WisdomTree Brings Tokenized Funds To Solana As RWA Market Crosses $1B

Asset manager WisdomTree has expanded its suite of tokenized funds to the Solana blockchain, allowing institutional and retail investors to access money market, equity, and fixed income products. This integration leverages the WisdomTree Connect and Prime platforms, enabling users to mint and manage positions using stablecoins like USDC and PYUSD. The move marks a significant milestone for Solana, which recently surpassed $1.12 billion in total value locked for real-world assets, representing a 325% growth from the start of 2025. WisdomTree’s multi-chain strategy now spans several major networks, including Ethereum, Arbitrum, and Stellar, as the firm seeks to capitalize on Solana’s high transaction speeds and low costs. This expansion places WisdomTree in direct competition with other major financial institutions like BlackRock and Franklin Templeton, who are also aggressively pursuing blockchain-based financial products. With the global tokenized fund market reaching $14.4 billion, the shift highlights a broader institutional trend toward utilizing distributed ledger technology for asset management. The development underscores the increasing importance of high-performance chains in supporting the scaling of regulated financial instruments.

yellow.com·Sep 9, 20268.5
CLARITY Act Senate Vote Set for September 15 as Coinbase Pushes Tokenized Stocks
Infrastructure

CLARITY Act Senate Vote Set for September 15 as Coinbase Pushes Tokenized Stocks

Coinbase Vice Chair Ryan VanGrack emphasized that tokenization is actively reshaping capital markets as the U.S. Senate prepares for a critical cloture vote on the CLARITY Act scheduled for September 15, 2026. The bill, which previously passed the House with a 294 to 134 vote, requires 60 Senate votes to advance, necessitating bipartisan support. Recent momentum increased after the National Sheriffs Association shifted to a neutral stance, removing a key barrier for undecided Democratic senators. Coinbase is aggressively expanding its tokenized stock offerings, including assets like Nvidia and Google, which are backed one-to-one by real shares and eligible for dividends. Furthermore, the company has integrated Chainlink to allow these tokenized stocks to serve as collateral within DeFi platforms on the Base network. While the U.S. legislative outcome remains uncertain, Coinbase has secured regulatory approval in Abu Dhabi to provide tokenized security services internationally. This dual-track strategy ensures that Coinbase can continue its onchain finance operations regardless of domestic regulatory hurdles. The outcome of the Senate vote will ultimately determine whether the U.S. establishes a formal framework for these digital assets or risks losing innovation to overseas jurisdictions.

Blockonomi·Sep 9, 20268.0
L&T Becomes India’s First Private Sector Corporate to Issue Tokenised Bond
Infrastructure

L&T Becomes India’s First Private Sector Corporate to Issue Tokenised Bond

Larsen & Toubro (L&T) has officially become the first private sector corporation in India to issue tokenized bonds, raising ₹500 crore with a 3-year tenure. This issuance was conducted under the Securities and Exchange Board of India’s (SEBI) newly established blockchain-based tokenization framework. The transaction utilizes Distributed Ledger Technology (DLT) to manage the bond lifecycle, aiming to enhance transparency and operational efficiency within the Indian corporate debt market. A critical component of this milestone is the integration of the tokenized securities with Central Bank Digital Currency (CBDC) for settlement, ensuring a seamless digital transaction flow. By adopting this technology, L&T is modernizing its treasury operations and setting a precedent for digital capital-market infrastructure in the region. This development is significant as it signals a shift toward regulatory-backed blockchain adoption in one of the world's largest emerging economies. The move highlights how institutional players are leveraging DLT to reduce friction in traditional finance, potentially paving the way for broader liquidity and participation in Indian corporate debt.

larsentoubro.com·Sep 9, 20268.5
Tokenization grows 2,500% since May 2025: Will this fuel crypto’s 2024
Infrastructure

Tokenization grows 2,500% since May 2025: Will this fuel crypto’s 2024

The tokenized asset market has experienced significant expansion, with the total number of holders surpassing 3.5 million for the first time. This represents a growth of 109% over the last 30 days and a 2,500% increase since May 2025, bringing the total represented asset value to $387 billion. Institutional participation is a key driver of this trend, with major platforms like Robinhood entering the space to capitalize on the demand for 24/7 on-chain trading. This surge in tokenization coincides with a resurgence in institutional interest in Bitcoin ETFs, evidenced by BlackRock’s IBIT ETF attracting $3.7 billion in inflows this quarter. The combination of rising tokenized asset adoption and robust ETF inflows suggests a shift in market sentiment despite ongoing macroeconomic uncertainty. Analysts believe this institutional engagement, paired with the supply constraints from the 2024 Bitcoin halving, could potentially catalyze a market rally similar to previous cycles. The data highlights a clear transition toward increased on-chain activity and institutional integration within the broader digital asset ecosystem.

AMBCrypto·Sep 9, 20267.5
Broadridge Launches DLX, an Always-On Digital Asset Infrastructure Platform for Tokenized Markets
Infrastructure

Broadridge Launches DLX, an Always-On Digital Asset Infrastructure Platform for Tokenized Markets

Broadridge Financial Solutions has launched DLX, an integrated, end-to-end digital asset infrastructure platform designed to serve as an operating system for tokenized finance. The platform enables financial institutions to manage the full lifecycle of tokenized assets, including issuance, trading, settlement, and custody, across both traditional and on-chain markets. By leveraging a multi-chain architecture, DLX connects to the DTCC Tokenization Service via the Canton Network, aiming to reduce fragmentation in the digital asset ecosystem. This launch builds upon Broadridge's existing Distributed Ledger Repo (DLR) platform, which currently processes over $350 billion in daily collateral mobility and securities financing activity. DLX supports a wide range of asset classes, such as bonds, equities, funds, and private market instruments, within a unified governance framework. The platform is designed to allow institutions to integrate tokenized workflows into their existing operating models while maintaining necessary regulatory controls and connectivity. This development marks a significant step in institutionalizing RWA infrastructure by providing a scalable, modular solution for complex financial operations.

tradingview.com·Sep 9, 20268.5
Dallas Fed’s $700 Billion Tokenized Deposits Analysis: Banking Dynamics and Bitcoin Implications
Infrastructure

Dallas Fed’s $700 Billion Tokenized Deposits Analysis: Banking Dynamics and Bitcoin Implications

Research from the Dallas Fed by economists Rosie Levy and Srini Ramaswamy highlights that tokenized commercial bank deposits could reduce the U.S. banking system's long-term risk-absorption capacity by approximately $700 billion. By enabling instant atomic settlement and programmable smart contracts, tokenization removes the operational friction that historically sustained fractional-reserve lending and deposit stickiness. The study models that a 10% increase in depositor sensitivity to interest rates could shrink risk-absorption capacity by $700 billion, while a 10% reduction in deposit tenure could decrease it by $580 billion. To mitigate the risk of instantaneous, automated capital outflows, banks are incentivized to shift assets from long-term loans toward High-Quality Liquid Assets like Treasury bills. This transition forces banks to rely on more expensive wholesale funding, which may lead to wider credit spreads and higher borrowing costs for the real economy. Ultimately, the research suggests that while tokenized deposits modernize banking infrastructure to compete with stablecoins, they act as a de facto tightening of monetary policy. This shift underscores a fundamental transformation in how commercial banks manage balance sheets and liquidity in a blockchain-native financial environment.

programminginsider.com·Sep 9, 20267.5
Tom Lee backs tokenization and AI for ETH as Bitmine nears 5% of supply
Infrastructure

Tom Lee backs tokenization and AI for ETH as Bitmine nears 5% of supply

Tom Lee, co-founder of Fundstrat and chairperson of Bitmine Immersion Technologies, has publicly positioned Ethereum as critical financial infrastructure for the future of tokenization and agentic AI. Bitmine recently disclosed a massive accumulation of 5,929,198 ETH, representing approximately 4.9% of the total circulating supply, signaling strong institutional conviction in the network's utility. Lee argues that Ethereum serves as a vital settlement and collateral layer, evidenced by the $12 billion in tokenized U.S. Treasury products currently hosted on the blockchain. He posits that as autonomous AI agents require independent transaction settlement capabilities, Ethereum’s smart contract architecture will become the standard for digital finance. By comparing Ethereum’s network effects to the U.S. dollar, Lee suggests the asset is transitioning from a speculative instrument to essential plumbing for institutional capital. This strategic move by Bitmine highlights a growing trend where firms treat blockchain networks as foundational settlement layers rather than mere digital commodities. The thesis relies on the expectation that the ETH/BTC ratio will recover as institutional demand for tokenized assets and AI-driven payment systems matures over the next five years.

cryptopolitan.com·Sep 8, 20267.5
What tokenised bonds mean for India’s debt market
Infrastructure

What tokenised bonds mean for India’s debt market

Tokenized bonds are emerging as a transformative force in India's debt market by leveraging blockchain technology to enhance transparency, liquidity, and settlement efficiency. By digitizing bond issuance, the process reduces reliance on traditional intermediaries, thereby lowering transaction costs and shortening settlement cycles from T+2 to near-instantaneous execution. This shift allows for fractional ownership, enabling retail investors to access high-yield debt instruments that were previously restricted to institutional players. The integration of smart contracts automates interest payments and compliance, significantly reducing the administrative burden for issuers. As the Reserve Bank of India and SEBI explore digital infrastructure, the adoption of tokenization could broaden the investor base and deepen the domestic corporate bond market. This evolution is critical for India's financial ecosystem, as it aligns local debt markets with global trends in decentralized finance and digital asset integration. Ultimately, the transition toward tokenized debt represents a modernization of capital markets that promises to improve market accessibility and operational resilience for all participants.

financialexpress.com·Sep 8, 20267.5
UK Finance pushes for execution on tokenization as UK progress lags rivals
Infrastructure

UK Finance pushes for execution on tokenization as UK progress lags rivals

UK Finance and Oliver Wyman have released a report highlighting that while the United Kingdom has established the necessary legal and regulatory framework for tokenized wholesale markets, it currently lacks sufficient market activity. The report warns that the UK risks losing its competitive edge in financial services, an industry contributing £290 billion annually to the economy, if it fails to implement tokenization infrastructure faster than rivals in New York, Frankfurt, and Singapore. Industry participants describe the UK's current position as mid-table, emphasizing that the nation is not yet a leader in the global transition to digital assets. To address this, the report urges both the government and private sector firms to accelerate execution rather than focusing solely on policy development. A key milestone identified is the appointment of Chris Woolard as the Wholesale Digital Markets Champion, who is tasked with coordinating a 12-month program across nine action groups. This initiative aims to launch a live tokenized repo trial by Spring 2027 to demonstrate practical utility. The report underscores that failing to act could result in UK firms being forced to operate on financial rails designed and governed by foreign jurisdictions.

ledgerinsights.com·Sep 8, 20267.5
SEC targets 40-year-old transfer rules: Can tokenized securities finally hit main street?
Infrastructure

SEC targets 40-year-old transfer rules: Can tokenized securities finally hit main street?

The U.S. Securities and Exchange Commission has proposed a comprehensive overhaul of transfer agent regulations, marking the first significant update in nearly 40 years. This proposal modernizes requirements for registration, recordkeeping, and asset safeguarding to accommodate modern technologies, including blockchain-based security tokens. By integrating distributed ledger technology into the existing regulatory framework, the SEC aims to eliminate the need for separate, distinct frameworks for digital assets. The rules mandate that digital ownership records must be replicable and provide verifiable evidence of authorized modifications to ensure security. Furthermore, the proposal increases the performance threshold for routine transaction processing from 75% to 95% to prevent operational bottlenecks. This shift forces blockchain-based systems to meet the same high-speed execution standards as traditional paper-based methods. Ultimately, these changes provide a clearer path for tokenized securities to enter regulated markets by establishing consistent operational standards across both conventional and digital records. This regulatory evolution is critical for the RWA market as it bridges the gap between legacy infrastructure and the efficiency of real-time blockchain settlement.

cryptonews.net·Sep 8, 20268.5
Best RWA Tokenization Platforms in 2026: Who Is Winning the $30B+ Market?
Infrastructure

Best RWA Tokenization Platforms in 2026: Who Is Winning the $30B+ Market?

As of September 8, 2026, the total onchain Real World Asset (RWA) market has reached $39.2 billion in distributed value, excluding stablecoins, marking significant growth from $12 billion in mid-2025. This expansion is driven by institutional adoption from major players like BlackRock, Apollo, and KKR, who are increasingly utilizing platforms like Securitize, Ondo, and Centrifuge to issue tokenized securities. Tokenized U.S. Treasury funds currently account for $15.9 billion of this market, while tokenized credit contributes an additional $8 billion. The industry is shifting from experimental startups to robust, regulated infrastructure providers that offer end-to-end management, including compliance, investor onboarding, and DeFi integration. Companies like Franklin Templeton have successfully integrated tokenized funds with institutional custody and payment services, signaling a move toward mainstream financial utility. While platforms like STOKR focus on niche Bitcoin-based capital markets, others like Kinexys by J.P. Morgan are processing trillions in blockchain transactions to embed tokenization into global banking. This maturation of the RWA sector highlights a transition where blockchain serves as a primary settlement and ownership layer for traditional financial assets. The rapid scaling of these platforms demonstrates that tokenization is becoming a standard component of modern institutional asset management.

bitcoinfoundation.org·Sep 8, 20268.0
Visa combines VisaNet data with onchain lending to power stablecoin card working capital
Infrastructure

Visa combines VisaNet data with onchain lending to power stablecoin card working capital

Visa has announced that its stablecoin settlement volume has reached an annualized run rate exceeding $20 billion, representing a 15x increase compared to the previous year. To capitalize on this growth, the payments giant is opening its settlement data to blockchain-based lenders to facilitate credit extension for card issuers. By providing lenders with visibility into transaction patterns and settlement reliability, Visa aims to bridge the gap between traditional payment rails and decentralized finance protocols. This initiative allows lenders to better assess the risk profiles of crypto-native card issuers, potentially unlocking more efficient capital deployment for the sector. The move signifies a strategic shift where institutional payment infrastructure is increasingly integrated with blockchain-based lending ecosystems. As stablecoin usage for cross-border and commercial payments matures, this data-sharing model provides a blueprint for institutional-grade credit underwriting in the RWA space. Ultimately, this development highlights the growing synergy between global payment networks and the tokenized asset economy, fostering a more robust environment for blockchain-enabled financial services.

CoinDesk·Sep 8, 20267.5
Canton Network Gets Its First Order Book-Based Derivatives Exchange as Ekiden Launches Mainnet
Infrastructure

Canton Network Gets Its First Order Book-Based Derivatives Exchange as Ekiden Launches Mainnet

Ekiden has officially launched its mainnet, introducing the first order book-based derivatives exchange infrastructure to the Canton Network. This development provides a professional-grade trading layer designed to meet the specific requirements of institutional participants, such as banks, funds, and market makers. By integrating Central Limit Order Book (CLOB) and Request for Quote (RFQ) mechanisms with privacy-preserving technology, Ekiden aims to bridge the gap between traditional capital market workflows and on-chain execution. The platform addresses the limitations of retail-focused DeFi by offering deterministic execution and privacy for sensitive order flow. During its testnet phase, the exchange recorded 1,502 active users and $8.9 million in trading volume, demonstrating significant institutional interest. This launch is a critical step for the Canton ecosystem, as it enables the full lifecycle of derivatives trading to occur on-chain while maintaining compliance and confidentiality. As institutional allocations to digital assets are projected to grow, Ekiden's infrastructure serves as a catalyst for scaling tokenized asset markets.

incrypted.com·Sep 8, 20267.5
Archax wins US broker dealer approval, pitches US gateway for European tokenized securities
Infrastructure

Archax wins US broker dealer approval, pitches US gateway for European tokenized securities

UK-based digital asset exchange Archax has secured FINRA approval for its US subsidiary, Archax Markets, successfully registering as a broker-dealer with the SEC. This milestone follows a 17-month process that began after a failed acquisition attempt of Globacap’s US operations. By establishing this US presence, Archax aims to serve as a critical gateway for European tokenized securities to reach institutional investors in the United States. The firm plans to commence US operations within the current quarter, leveraging SEC Rule 15a-6 to facilitate cross-border transactions. By acting as a chaperoning broker-dealer, Archax enables its UK and Spanish entities to market tokenized private placements to US institutions under regulatory oversight from the FCA, CNMV, and SEC. This development is significant for the RWA market as it bridges the liquidity gap between European tokenization firms and US capital markets. The move positions Archax as a direct competitor to established US players like Securitize, which has also begun exploring European DLT Pilot Regime opportunities.

ledgerinsights.com·Sep 8, 20268.0
Cathie Wood’s ARK Invest To Beat BlackRock, Fidelity In SEC Tokenized Fund Race
Infrastructure

Cathie Wood’s ARK Invest To Beat BlackRock, Fidelity In SEC Tokenized Fund Race

ARK Invest is reportedly positioning itself to be the first major asset manager to launch tokenized investment funds in the United States by leveraging a potential SEC innovation exemption for transfer agents. According to industry reports, ARK Invest may outpace institutional giants like BlackRock and Fidelity in this race to bring tokenized securities to market. The initiative centers on a significant SEC proposal regarding transfer agents, which marks the most substantial regulatory update in this sector since the 1980s. This proposal explicitly addresses the integration of blockchain-native transfer agents to oversee tokenized funds, distributed ledger records, and smart contract operations. By establishing a framework for blockchain-based recordkeeping, the SEC aims to correlate wallet addresses with verified investors while maintaining accurate ownership records. The potential approval of this framework by SEC leadership could fundamentally alter how funds are traded and managed on-chain. This development signals a critical shift toward institutional adoption of tokenized assets, as firms prepare to allow investors to trade both the funds and underlying assets directly on distributed ledgers.

coingape.com·Sep 8, 20267.5

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