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Infrastructure

REC raises $53M in India's first tokenised bond sale

REC Limited, a state-owned infrastructure finance company in India, has successfully raised $53 million through the country's first-ever tokenized bond issuance. The transaction was facilitated on the EarthID blockchain platform, marking a significant milestone for the digitization of India's debt capital markets. By leveraging blockchain technology, REC aims to streamline the issuance process, enhance transparency, and reduce the settlement cycle for institutional investors. This move signals a growing appetite among Indian public sector enterprises to explore distributed ledger technology for capital raising efficiency. The successful pilot demonstrates the viability of tokenized securities within the Indian regulatory framework, potentially paving the way for broader adoption of digital assets in the region. As major financial institutions globally shift toward tokenized debt, this development positions India as an emerging participant in the institutional RWA landscape. The integration of blockchain into traditional bond markets serves as a critical proof-of-concept for future large-scale digital debt offerings in the South Asian market.

#TokenizedBonds #India #REC

app.dealroom.co·Sep 7, 20267.5

Infrastructure

REC Limited: Issues India’s First Tokenized Corporate Bonds

REC Limited has successfully executed India's first pilot issuance of tokenized corporate bonds under the Securities and Exchange Board of India (SEBI) Regulatory Sandbox Framework. The issuance, valued at ₹500 Crore, attracted significant market demand with a total book build of ₹796 Crore, representing an 8x oversubscription. These bonds carry a coupon rate of 7.30% per annum with a tenor of one year and nine months. By utilizing distributed ledger technology and atomic Delivery-versus-Payment (DvP) settlement, the pilot achieved same-day pay-in, allotment, and listing on the NSE and BSE. This initiative, part of the broader Demat 2.0 project, demonstrates the potential for shared-ledger transparency to reduce settlement risks and operational friction in capital markets. The project involved close collaboration between SEBI, the Reserve Bank of India, and various market infrastructure institutions. This milestone marks a transformative shift toward modernized, digital-first debt market infrastructure in India while maintaining strict regulatory compliance.

#TokenizedBonds #India #SEBI

investywise.com·Sep 7, 20268.0

Infrastructure

Korea’s Financial Services Commission outlines tokenization roadmap

South Korea’s Financial Services Commission (FSC) has unveiled a structured, multi-phase roadmap to integrate tokenized securities and fractional investments into the national financial system. The initiative follows legislation passed earlier this year that officially recognizes securities recorded on distributed ledger technology, with the first phase set to commence in February 2027. Initially, institutional investors will gain access to tokenized money market funds and bonds, while both retail and institutional participants can engage with unlisted stocks and fractional investments via trust structures. The FSC has prioritized trust beneficiary certificates as the primary format for these fractional assets during the initial rollout. A second phase is planned to expand support to public securities, followed by a third phase that aims to incorporate stablecoins for settlement purposes. This phased approach allows the FSC to calibrate regulatory oversight based on market adoption rates and the future passage of specific stablecoin legislation. By establishing this clear regulatory framework, South Korea is positioning itself as a significant jurisdiction for the institutional adoption of blockchain-based financial instruments.

#Regulation #TokenizedSecurities #SouthKorea

ledgerinsights.com·Sep 7, 20268.0

Infrastructure

SEC's Innovation Delay: Impact on Tokenized Securities

The SEC has postponed its proposed innovation exemption, a regulatory framework intended to provide a conditional path for firms to issue, custody, and trade tokenized securities. This delay creates uncertainty for market participants who were looking for a streamlined approach to on-chain trading outside of existing Securities Act and Exchange Act constraints. Ryan Louvar, Chief Legal Officer at WisdomTree, emphasizes that the exemption was designed to foster a broader on-chain trading environment rather than serving as a permanent overhaul of securities law. While some firms like WisdomTree currently operate tokenized funds within existing rules, the exemption was viewed as a critical step toward reducing friction in digital asset markets. The pause highlights the ongoing tension between rapid technological innovation and the need for durable regulatory clarity from both the SEC and Congress. Ultimately, the future of institutional-grade on-chain market infrastructure remains contingent on establishing clear standards for custody and market structure. This development underscores the regulatory hurdles that must be cleared to achieve a fully functional, frictionless tokenized securities ecosystem.

#SEC #Regulation #TokenizedSecurities

investingnews.com·Sep 7, 20267.5

Infrastructure

Tokenized Funds: Subscriptions, Redemptions, NAV, and Transfers

Tokenized funds represent a structural evolution in asset management where blockchain technology serves as a ledger for fund shares rather than a replacement for traditional governance. While tokens provide portability and potential efficiency, they remain subject to the same legal, administrative, and liquidity constraints as conventional investment vehicles. The process requires rigorous integration between on-chain records and off-chain functions like NAV calculation, investor onboarding, and custody. A critical distinction exists between the token's technical transferability and the underlying portfolio's liquidity, which often operates on traditional business-day schedules. Effective tokenization requires a clear hierarchy of control where legal registers and governing documents supersede smart contract execution. The BIS and IOSCO have highlighted that while tokenized money-market funds are growing rapidly, they rely on hybrid dependencies and established regulatory frameworks. Ultimately, the value of tokenization is realized only when shared ledgers eliminate reconciliation delays rather than merely adding another layer of digital infrastructure. Investors must look beyond the interface to understand who bears the legal and financial exposure in the event of system failure.

#BlockchainInfrastructure #TokenizedFunds #DigitalSecurities

securities.io·Sep 7, 20267.5

Infrastructure

DBS and Citi complete weekend USD payment via Swift’s Digital Ledger using tokenized deposits

DBS Bank and Citi have successfully executed a live cross-border payment using tokenized deposits on the Swift blockchain ledger. This transaction marks the second confirmed use of Swift's distributed ledger technology, demonstrating the network's capability to facilitate instant, 24/7 settlements. By leveraging tokenized deposits, the banks aim to modernize traditional correspondent banking rails that typically suffer from delays and limited operating hours. The integration highlights Swift's strategic pivot to remain competitive against emerging digital payment infrastructures and private blockchain solutions. This development is significant for the RWA market as it validates the utility of tokenized commercial bank money in institutional cross-border flows. The successful pilot underscores a growing industry trend where traditional financial institutions utilize blockchain to enhance liquidity management and settlement efficiency. As Swift continues to test its ledger, the move signals a broader institutional shift toward programmable money and real-time global value transfer.

#CrossBorderPayments #TokenizedDeposits #Citi

CoinDesk·Sep 7, 20268.5

Infrastructure

Citi, DBS Complete First Weekend Tokenized Deposit Transfer on Swift Ledger

Citi and DBS have successfully executed a cross-border transfer of tokenized deposits using the Swift Digital Ledger, marking the first time such a transaction occurred over a weekend. By processing the remittance outside of traditional banking hours, the banks achieved final settlement in mere minutes, a significant improvement over the standard two-day processing window. This milestone follows Swift's July announcement regarding the rollout of its blockchain-based ledger, which involves 17 major global financial institutions including HSBC, UBS, and Standard Chartered. The successful pilot demonstrates the potential for blockchain technology to eliminate the friction and time delays inherent in legacy cross-border payment systems. This development is part of a broader industry trend where major banks are actively building infrastructure for tokenized deposits to modernize interbank settlements. Citi is currently working toward launching a dedicated tokenized deposit network by the first half of next year, while DBS continues to collaborate with JPMorgan on an on-chain interbank transfer framework. These initiatives collectively signal a shift toward 24/7 global liquidity management through institutional-grade distributed ledger technology.

#CrossBorderPayments #TokenizedDeposits #Citi

en.bloomingbit.io·Sep 7, 20268.5

Infrastructure

Bitget and BlackRock Discuss Tokenized ETF Distribution Across Asia

Bitget is currently in high-level discussions with BlackRock to explore the distribution of tokenized exchange-traded funds (ETFs) across the Asian market. This strategic dialogue aims to leverage Bitget's established crypto infrastructure to provide regional investors with seamless access to BlackRock's institutional-grade tokenized financial products. By bridging traditional finance with decentralized platforms, the partnership seeks to capitalize on the growing demand for regulated, blockchain-based investment vehicles in Asia. The potential integration highlights a significant shift in how global asset managers approach distribution channels in emerging digital asset markets. If finalized, this collaboration would mark a major milestone in the adoption of tokenized securities, moving beyond Western markets into the highly active Asian retail and institutional landscape. The move underscores the increasing pressure on traditional financial institutions to adopt blockchain technology for asset distribution to remain competitive. Ultimately, this development signals a broader trend of institutional players seeking crypto-native partners to navigate complex regulatory environments and reach tech-savvy investor bases.

#InstitutionalAdoption #BlackRock #Bitget

cryptodaily.co.uk·Sep 7, 20267.5

Infrastructure

Why tokenized bonds could reshape India's capital markets

Tokenization of bonds in India is emerging as a transformative force for the nation's capital markets by enhancing liquidity and accessibility for retail investors. By leveraging blockchain technology, issuers can reduce the high costs and administrative burdens traditionally associated with bond issuance and settlement. The transition from manual, paper-based processes to digital ledger systems allows for fractional ownership, enabling smaller investors to participate in debt markets previously reserved for institutions. This shift is expected to streamline the lifecycle management of securities, from issuance to coupon payments and maturity. Regulatory bodies like the Securities and Exchange Board of India (SEBI) are increasingly exploring frameworks to support these digital innovations while maintaining investor protection. As India's bond market continues to expand, tokenization offers a scalable solution to improve transparency and operational efficiency across the financial ecosystem. Ultimately, the adoption of tokenized bonds could democratize investment opportunities and foster a more robust, technology-driven financial infrastructure in the region.

#Blockchain #TokenizedBonds #CapitalMarkets

zeebiz.com·Sep 7, 20267.5

Infrastructure

L&T plans to raise up to ₹500 crore via tokenized bonds after REC's success, marking new era for debt markets

Rural Electrification Corporation Ltd (REC) has successfully raised ₹500 crore through India's first-ever tokenized corporate bond issuance, signaling a significant shift in the nation's debt market infrastructure. The bonds, which mature on May 31, 2028, were issued with a 7.30% coupon rate, utilizing a blockchain-based platform developed under the guidance of the Reserve Bank of India and the Securities and Exchange Board of India. Following this milestone, Larsen & Toubro Ltd is preparing to launch its own tokenized bond issue this week, aiming to raise up to ₹500 crore at an expected 7.40% coupon. This initiative leverages the RBI’s wholesale central bank digital currency (CBDC) for payments and a "DEMAT 2.0" blockchain wallet for secure asset holding. By moving away from traditional settlement systems, these tokenized instruments aim to enable near-instant settlement and enhanced transparency for market participants. The adoption of this technology is expected to reduce settlement risks and potentially allow for fractional ownership, which could broaden investor participation in corporate debt. While the pilot project marks a major technological advancement, market participants emphasize that scaling the ecosystem will require further development of secondary market liquidity and supporting infrastructure.

#Blockchain #TokenizedBonds #CBDC

livemint.com·Sep 7, 20268.5

Infrastructure

DBS, Citi bypass traditional banking hours in cross-border tokenised deposit trial

DBS and Citigroup successfully executed a cross-border US dollar payment on a Saturday, demonstrating the potential for tokenized deposits to bypass traditional banking hours. By utilizing the Swift Digital Ledger, the banks completed the transaction in minutes, effectively eliminating the two-day settlement delays typically caused by time zone mismatches and weekend closures. This milestone highlights a shift from experimental blockchain projects to practical, real-world adoption for global liquidity management. As digital industries like e-commerce demand 24/7 financial services, the ability to move capital outside of standard banking windows becomes a critical competitive advantage. The initiative aligns with broader industry trends, as 50 percent of finance leaders are now exploring blockchain-powered tools for foreign-exchange and liquidity risk. With outbound cross-border payment volumes in Asia projected to reach US$24 trillion by 2033, this trial underscores the growing necessity for instantaneous value transfer infrastructure. DBS, a member of Swift’s core design group, expects its investment in tokenized finance to rival traditional payment spending within three years.

#CrossBorderPayments #TokenizedDeposits #Citigroup

businesstimes.com.sg·Sep 7, 20268.5

Infrastructure

Sen. Lummis Issues Urgent Warning: CLARITY Act Failure May Stall Crypto Regulation Until 2030

Senator Cynthia Lummis has issued an urgent call for the U.S. Senate to advance the CLARITY Act, warning that failure to pass the legislation during the current congressional term could delay comprehensive crypto market structure reform until 2030. The bill, which successfully passed the House of Representatives in July 2025, seeks to resolve regulatory ambiguity by establishing clear jurisdictional boundaries between the SEC and the CFTC for digital assets. Despite its importance for job creation and capital investment, the bill has remained dormant in the Senate for over thirteen months. A procedural motion is scheduled for September 15 to determine if deliberations can conclude, though unresolved demands from Democratic legislators regarding ethics standards continue to hinder progress. Industry observers note that securing final approval before the November midterm elections is unlikely, necessitating a restart of the legislative process if the current session expires. While the delay poses a risk to long-term regulatory clarity, institutional investment has remained resilient following the approval of spot Bitcoin ETFs. The outcome of this legislative effort is critical for the RWA market, as clear classification of digital assets as securities or commodities is a prerequisite for the widespread institutional tokenization of real-world assets.

#CFTC #SEC #Regulation

Blockonomi·Sep 7, 20267.5

Infrastructure

Real World Assets - Page 5

Yellow.com provides a comprehensive overview of the Real World Asset (RWA) sector, highlighting the transformative potential of blockchain technology in traditional finance. The platform emphasizes how tokenization enables the fractional ownership and increased liquidity of traditionally illiquid assets like real estate, commodities, and government bonds. By leveraging distributed ledger technology, these assets can be traded 24/7 with reduced settlement times and lower administrative costs. The article notes that major financial institutions are increasingly exploring these digital rails to improve operational efficiency and market accessibility. This shift represents a fundamental evolution in how capital is allocated and managed across global markets. As regulatory frameworks continue to mature, the integration of RWA tokenization is expected to bridge the gap between decentralized finance and institutional investment. The ongoing development of standardized protocols remains a critical factor for the widespread adoption and interoperability of these tokenized assets.

#RWA #Blockchain #Tokenization

yellow.com·Sep 7, 20267.5

Infrastructure

Why Tokenized Assets Still Need Traditional Cash to Settle

Tokenization of financial assets like stocks and bonds is only half of the transaction process, as the settlement of the cash leg remains a critical hurdle for onchain markets. While tokenized assets promise increased efficiency, the industry must address how to achieve delivery versus payment (DvP) within a digital infrastructure. Currently, three primary candidates exist for this cash settlement: stablecoins, tokenized bank deposits, and tokenized central-bank money. Stablecoins offer blockchain-native liquidity but carry risks related to the issuer's reserve quality and redemption capabilities. Tokenized bank deposits allow commercial banks to maintain their role in the financial system while enabling programmable settlement. Central-bank money remains the gold standard for risk-free settlement, as it does not rely on the solvency of a private entity. The transition to fully onchain finance is unlikely to happen overnight, as institutions currently experiment with hybrid models that bridge blockchain assets with traditional banking infrastructure. Ultimately, the future of the RWA market depends on ensuring these different forms of money can interact safely and efficiently across fragmented networks.

#Stablecoins #RWA #Tokenization

coinpaper.com·Sep 6, 20267.5

Infrastructure

Aerodrome Finance (AERO) Gains 5-6% Amid Tokenization Narrative

Aerodrome Finance (AERO) experienced a 5.96% price increase over a 15-hour window, contributing to a broader 24-hour gain of approximately 9.3%. This upward momentum is largely attributed to its strategic position within the Base network's growing tokenized assets ecosystem. Aerodrome serves as a primary liquidity venue for Coinbase’s tokenized equities, which recorded over $220 million in volume during their first month. Market sentiment has been further bolstered by high-profile endorsements, including Bitwise CIO Matt Hougan, who identified the protocol as a key beneficiary of the broader $500 trillion tokenization thesis. While no single hard catalyst triggered the recent move, the price action reflects sustained buying pressure and positive technical sentiment from traders on X. The protocol's role in facilitating liquidity for real-world assets on Base has made it a focal point for capital rotation. This trend highlights the increasing importance of decentralized exchanges in supporting the infrastructure required for institutional-grade tokenized products.

#Base #TokenizedEquities #DeFi

coinmarketcap.com·Sep 6, 20266.5

Infrastructure

South Korea launches a three-phase plan for the tokenized securities revolution

South Korea has officially unveiled a comprehensive three-phase regulatory roadmap to integrate tokenized securities into its national financial infrastructure. This strategic initiative aims to establish a secure and transparent framework for the issuance and trading of security tokens, effectively bridging traditional capital markets with blockchain technology. The first phase focuses on establishing legal definitions and regulatory sandboxes to test tokenized asset issuance, while subsequent phases will expand market participation and infrastructure integration. By formalizing these guidelines, the South Korean government seeks to foster innovation while ensuring robust investor protection and market stability. This move represents a significant institutional commitment to digitizing financial assets, positioning the nation as a proactive leader in the global RWA landscape. The implementation of these standards is expected to attract institutional capital and streamline the lifecycle management of various financial instruments. Ultimately, this structured approach provides the necessary legal certainty for domestic financial institutions to scale their tokenization efforts within a regulated environment.

#RWA #DigitalAssets #Regulation

arabictrader.com·Sep 5, 20268.5

Infrastructure

Wall Street Goes On-Chain but Investors Miss the Shift, Says Matt Hougan

Bitwise CIO Matt Hougan argues that investors are currently underestimating the institutional migration of capital markets onto blockchain infrastructure due to persistent anchoring bias. While retail investors remain skeptical, major financial institutions including BlackRock and Apollo have already deployed billions of dollars into tokenized funds. Furthermore, banking giants such as JPMorgan, Bank of America, Citigroup, and Wells Fargo are actively exploring the development of a joint stablecoin. Hougan highlights that this cycle differs from previous ones because regulators, including the SEC under chair Paul Atkins, are now actively facilitating the transition to on-chain finance. This shift represents a fundamental change in market infrastructure rather than a speculative trend, suggesting that the current market is mispricing the long-term impact of this institutional adoption. Hougan advises that investors should focus on broad exposure to the sector rather than attempting to pick individual winners, as the migration of finance to blockchain rails is now a systemic reality. Ultimately, the disconnect between public perception and institutional action creates a significant opportunity for those who recognize that the underlying technology is becoming the new standard for global capital markets.

#Stablecoins #Tokenization #InstitutionalAdoption

coinmarketcap.com·Sep 5, 20267.5

Infrastructure

Digital Asset: Tokenized Deposits Key for Crypto Adoption

Digital Asset CEO Yuval Rooz recently discussed the critical role of tokenized deposits in facilitating institutional adoption of digital assets during an interview with Henri Arslanian. The conversation emphasized how tokenized bank deposits serve as a foundational bridge for traditional financial institutions looking to integrate into the broader crypto ecosystem. By leveraging the DAML Canton network, Digital Asset provides the necessary infrastructure to connect legacy banking systems with modern blockchain environments. Rooz highlighted that these tokenized instruments are essential for enabling secure, regulated transactions that coexist alongside assets like Bitcoin. This development is significant for the RWA market as it addresses the liquidity and settlement challenges that have historically hindered institutional participation. The integration of programmable deposits allows banks to maintain compliance while exploring the efficiencies of distributed ledger technology. Ultimately, the focus on DAML Canton underscores a strategic shift toward interoperable, institutional-grade rails for real-world asset tokenization.

#CantonNetwork #TokenizedDeposits #Daml

blockchain.news·Sep 5, 20267.5

Infrastructure News

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