Infrastructure

Infrastructure News

Latest Infrastructure analysis and market intelligence from RWA Signal.

Stablecoins U.S. Treasuries Non-U.S. Govt. Debt Credit (Private Credit)Stocks PE / VC Active Strategies Commodities Real Estate Infrastructure

Stablecoins U.S. Treasuries Non-U.S. Govt. Debt Credit (Private Credit)

Infrastructure

Pyth Adds OpenYield as a Publisher, Bringing Live Firm Bond Quotes Onchain

Pyth Network has significantly expanded its institutional data capabilities by integrating Fenics Market Data, OpenYield, and Tradeweb as primary fixed income data providers. This integration allows for the delivery of live, executable bond quotes directly on-chain, leveraging Fenics' access to over $1 trillion in daily trading volume. By providing high-fidelity, institutional-grade pricing for fixed income assets, Pyth is bridging the gap between traditional financial markets and decentralized finance applications. This development is critical for the RWA market as it enables more accurate collateralization and valuation of tokenized debt instruments. Furthermore, Pyth has broadened its scope by launching 24/7 price discovery for U.S. equities, metals, and energy markets, alongside an expansion of Hong Kong-listed equity data. These infrastructure upgrades ensure that smart contracts can interact with real-world asset prices with greater transparency and frequency. The move reinforces Pyth's position as a vital oracle infrastructure provider for the growing ecosystem of on-chain financial products.

#DeFi #FixedIncome #PythNetwork

crypto-economy.com·Jul 24, 20267.5

Infrastructure

Former Goldman Sachs and Aave executive joins Grayscale to lead onchain products

Grayscale Investments has officially launched an Onchain Asset Management division, appointing industry veteran Sebastian Pulido to lead the new unit. This strategic move aims to capture increasing institutional demand for tokenized assets and decentralized finance solutions. Pulido brings over 15 years of experience, having previously held roles at Aave Labs, JPMorgan’s Kinexys, and Goldman Sachs. His appointment signals Grayscale's intent to bridge the gap between traditional capital markets and blockchain-based investment strategies. By leveraging his background in both DeFi and Wall Street, the firm plans to develop long-term onchain products to complement its existing digital asset offerings. This expansion follows a period of growth for Grayscale, which has recently introduced staking-focused ETFs to its portfolio. The move highlights the broader industry trend of established financial firms formalizing their internal infrastructure to support the growing RWA ecosystem.

#Tokenization #Grayscale #InstitutionalFinance

cryptobriefing.com·Jul 24, 20266.5

Infrastructure

Tokenization Moves Beyond Pilots as Institutional Adoption Gains Traction - citybuzz -

Tokenization is transitioning from experimental pilot programs to production-grade implementation within global financial markets. Industry leaders like BlackRock’s Robbie Mitchnick and Digital Currency Group’s Barry Silbert emphasize that blockchain is being adopted as a modernization layer for existing financial infrastructure rather than a replacement system. Institutions are prioritizing operational efficiencies, such as improved settlement windows, enhanced collateral management, and increased liquidity, over speculative use cases. This shift marks a maturation of the sector, where the market now rewards companies solving tangible institutional problems rather than those focused on theoretical concepts. Past market cycles and high-profile collapses have forced a pivot toward more sophisticated risk management, governance, and due diligence standards. As financial institutions integrate blockchain into their back-end operations for bonds, private credit, and money market funds, the technology is becoming an integrated component of modern finance. This incremental progress, while often occurring behind the scenes, signals that tokenization has moved beyond the phase of needing to justify its existence to a stage of widespread institutional adoption.

#InstitutionalAdoption #BlockchainInfrastructure #BlackRock

citybuzz.co·Jul 24, 20267.5

Infrastructure

Binance Dominates Social Chatter on RWAs and Tokenized Stocks as Narratives Shift to TradFi

Mid-2026 social data from Santiment reveals that Binance is significantly outpacing competitors like OKX and Bybit in discussions surrounding real-world assets (RWAs), tokenized stocks, and stablecoins. This shift in narrative dominance suggests that major centralized exchanges are positioning themselves as the primary gateways for traditional finance assets moving on-chain. With RWA tokenization recently surpassing $20 billion in total value locked, the market is increasingly prioritizing infrastructure over speculative assets like memecoins. While social chatter does not always guarantee immediate on-chain volume, it often serves as a leading indicator for future listing activity and market-making commitments. Institutional players, including JPMorgan and Bullish, are actively engaging with these tokenized instruments, signaling a broader industry pivot toward yield-bearing fiat-linked products. However, the sector faces ongoing regulatory uncertainty in Washington, which could either accelerate or hinder the integration of these assets. Ultimately, the competition for narrative share reflects a strategic race among exchanges to capture the next wave of institutional and retail capital flowing into tokenized traditional finance.

#Stablecoins #RWA #TokenizedStocks

cryptorank.io·Jul 24, 20267.5

Infrastructure

Unlocking onchain collateral

HQLAᵡ is transforming the securities lending market by leveraging distributed ledger technology to enable real-time collateral mobility. By utilizing the Digital Collateral Registry, the platform allows market participants to exchange high-quality liquid assets (HQLA) without the need for traditional settlement cycles. This shift addresses the systemic inefficiencies of fragmented liquidity pools, which often lead to trapped collateral and increased capital costs for major financial institutions. The platform operates on the R3 Corda blockchain, ensuring that ownership transfers are instantaneous and legally robust across multiple jurisdictions. Major banks, including Goldman Sachs, J.P. Morgan, and Commerzbank, have already integrated with the system to optimize their liquidity management. This development is significant for the RWA market as it demonstrates how tokenization can solve complex operational bottlenecks in global finance. By digitizing the underlying assets, HQLAᵡ provides a scalable blueprint for institutional-grade collateral management that reduces counterparty risk and enhances market stability.

#InstitutionalDeFi #CollateralManagement #HQLAx

securitiesfinancetimes.com·Jul 24, 20268.5

Infrastructure

Crypto Biz: Is the AI-to

Institutional interest in digital assets is showing signs of recovery as US spot Bitcoin ETFs recorded six consecutive days of inflows totaling $930 million. This renewed momentum coincides with a cooling trend in AI-related equities, as the Philadelphia Semiconductor Index entered a technical bear market. Market participants are increasingly optimistic about the CLARITY Act, which aims to establish a formal regulatory framework for the digital asset industry in the United States. Simultaneously, Bitcoin mining firms like Hut 8 and IREN are pivoting toward AI infrastructure, securing multi-billion dollar contracts to diversify revenue streams. Bernstein analysts highlighted that the future growth of brokerages like Robinhood will be driven by the integration of tokenized equities and prediction markets. Robinhood is leveraging its Arbitrum-based layer-2 network to facilitate the transition of real-world assets onto the blockchain. This shift reflects a broader Wall Street trend, with firms such as Broadridge, Alpaca, Securitize, and Cantor Fitzgerald actively expanding their blockchain-based securities infrastructure.

#Arbitrum #RWA #TokenizedEquities

Cointelegraph — Tokenization·Jul 24, 20267.5

Infrastructure

HSBC Wins Approval to Enter Digital Securities Sandbox with Orion Launch

The United Kingdom Treasury has released a report outlining a strategic 12-month roadmap to transition wholesale financial markets toward blockchain-based infrastructure. This initiative focuses on migrating tokenized repo agreements, fixed-income securities, and investment funds from experimental pilot programs into live production environments. Ripple has secured a significant role within this framework, positioning the company as a key technology provider for the U.K.'s digital market modernization efforts. By integrating distributed ledger technology into traditional wholesale operations, the government aims to enhance settlement efficiency and reduce operational friction in capital markets. This development represents a major institutional endorsement of tokenization as a viable mechanism for systemic financial infrastructure. The inclusion of Ripple in this national plan highlights the growing convergence between established financial institutions and enterprise-grade blockchain providers. Ultimately, this move signals a shift toward regulatory and technical standardization for tokenized assets within the British financial ecosystem.

#Tokenization #Ripple #DigitalAssets

crypto-economy.com·Jul 24, 20268.5

Infrastructure

HSBC first bank to receive BoE approval for Digital Securities Sandbox

HSBC has become the first financial institution to receive approval from the Bank of England to operate within the UK’s Digital Securities Sandbox. This regulatory milestone allows the bank to utilize its HSBC Orion platform to perform live securities depository and settlement services using distributed ledger technology. By waiving legacy regulatory requirements, the sandbox enables HSBC to provide the central bank with critical real-world data on the efficacy of tokenized financial infrastructure. A primary objective of this participation is the inaugural issuance of the government’s Digital Gilt Instrument, or DIGIT, scheduled for the first quarter of 2027. This pilot project represents a significant step in the UK government's broader strategy to digitize financial markets and foster sector-wide innovation. The initiative aligns with recent treasury reports suggesting that a transition to digitized finance could generate a £33 billion economic uplift for the UK. This development marks a pivotal shift toward institutional adoption of DLT for sovereign bond issuance and lifecycle management.

#Tokenization #HSBC #BankOfEngland

fstech.co.uk·Jul 24, 20269.5

Infrastructure

Galaxy cuts Clarity Act passage odds to 30%, says bill needs ‘last

A group of seven Democratic negotiators has formally requested significant revisions to the latest draft of the Clarity Act, specifically demanding more robust ethics and consumer protection provisions. This legislative pushback creates a critical hurdle for the bill, which aims to establish a comprehensive regulatory framework for digital assets in the United States. Galaxy Digital analysts have responded to these developments by lowering the probability of the bill's passage during the current legislative session to 30%. The impasse highlights the ongoing tension between industry-friendly regulatory proposals and the demands of lawmakers focused on investor safeguards. For the RWA market, the uncertainty surrounding this legislation complicates the path toward institutional adoption and legal clarity for tokenized assets. As the bill faces a last-ditch effort to reconcile these competing interests, the broader crypto and RWA ecosystem remains in a state of regulatory limbo. The outcome of these negotiations will likely dictate the speed at which traditional financial institutions can integrate tokenized real-world assets into their portfolios under a clear U.S. legal mandate.

#Regulation #CLARITYAct #GalaxyDigital

The Block·Jul 24, 20267.5

Infrastructure

Broadridge Financial Solutions (BR) Fell Amid Concerns Over AI Disruption and Tokenized Equities

SouthernSun Asset Management's Q2 2026 investor letter highlights Broadridge Financial Solutions as a significant holding despite recent share price underperformance. The firm attributes Broadridge's market pressure to investor fears regarding the potential for AI to erode its technology franchises and the risk that tokenized equities might disintermediate its core governance business. SouthernSun argues these concerns are overstated, noting that the SEC maintains that tokenized securities remain subject to the same strict governance and compliance obligations as traditional equities. Furthermore, the firm expects that most tokenized assets will continue to be processed through existing broker-dealers and digital platforms that currently utilize Broadridge's infrastructure. Broadridge continues to report 7% recurring revenue growth and 11% Adjusted EPS growth, maintaining a strong competitive position in proxy voting and fixed-income trading. The firm views the current valuation as compelling given the company's leverage profile and long-term contract structure. This analysis underscores the ongoing debate regarding how blockchain-based asset tokenization will integrate with, rather than replace, established financial market intermediaries.

#TokenizedEquities #SEC #Broadridge

sg.finance.yahoo.com·Jul 24, 20267.5

Infrastructure

tZERO CEO Says XRP Has an Edge Over Bitcoin for Tokenized Capital Markets

Allen Konevsky, Chairman and Chief Executive of tZERO Group, argues that assets like XRP and Ether are superior to Bitcoin for building tokenized capital markets due to their functional utility as infrastructure ingredients. While Bitcoin is viewed primarily as a store of value, Konevsky emphasizes that programmable assets are essential for the emerging machine-to-machine economy driven by AI agents. He identifies real estate as a highly underrated asset class for tokenization, noting that current regulatory complexities regarding the securitization of single-asset properties have hindered meaningful scale. tZERO, which holds a rare special purpose broker-dealer license from the SEC, is actively advocating for regulatory changes to reduce silos between traditional financial entities and crypto markets. Konevsky suggests that the CLARITY Act provides a framework for better integration, allowing regulated broker-dealers to offer crypto products more directly to clients. By lowering these barriers, he believes the industry can achieve the user experience necessary to drive mass adoption of tokenized assets. Ultimately, the firm remains focused on evolving the infrastructure required to support efficient, programmable value transfer in a digital-first financial system.

#XRP #Tokenization #SEC

es.tradingview.com·Jul 24, 20267.0

Infrastructure

State Street lands first external client for tokenized fund servicing

State Street has secured its first external client, a major European asset manager, for its tokenized fund servicing platform based in Luxembourg. This development follows the bank's April announcement to provide administration, custody, and transfer agency services for tokenized money market funds. The initiative leverages State Street's Digital Asset Platform, which utilizes custody and tokenization technology provided by Taurus. By expanding its services to external clients, the bank is positioning itself to compete directly with established players like Clearstream, Euroclear, and Apex Group. This move signifies a broader institutional shift toward integrating distributed ledger technology into traditional fund administration workflows. The expansion into Luxembourg is particularly significant given the region's status as a global hub for investment funds. As traditional financial institutions continue to adopt DLT, the infrastructure for tokenized assets is becoming increasingly robust and competitive.

#InstitutionalFinance #TokenizedFunds #Luxembourg

ledgerinsights.com·Jul 24, 20268.0

Infrastructure

DeFi’s next institutional hurdle is deciding who can be trusted to price real-world assets

The integration of real-world assets into decentralized finance faces a critical bottleneck regarding the reliable valuation of off-chain collateral. While blockchain technology enables transparent settlement, the reliance on centralized oracles to feed pricing data for assets like private credit or real estate introduces significant counterparty risk. Institutional participants require robust, verifiable pricing mechanisms that align with traditional financial standards to ensure market stability and regulatory compliance. Current solutions often struggle to bridge the gap between opaque off-chain markets and the immutable nature of on-chain ledgers. This challenge necessitates the development of decentralized oracle networks or specialized valuation services that can provide audit-ready data without compromising the trustless ethos of DeFi. Solving this pricing dilemma is essential for scaling RWA adoption beyond experimental pilots and into mainstream institutional portfolios. Failure to establish standardized, trusted valuation protocols could hinder the broader transition of traditional assets onto public or private blockchains.

#RWA #InstitutionalFinance #DeFi

cryptoslate.com·Jul 24, 20267.5

Infrastructure

Mirae Asset Transforms Korbit Into Digital X for Tokenized Asset Strategy

Mirae Asset has finalized its acquisition of a 97.15% stake in the South Korean cryptocurrency exchange Korbit, rebranding the platform as Digital X. This strategic pivot marks a transition from a traditional crypto exchange model to a comprehensive digital asset ecosystem focused on tokenized real-world assets and security tokens. By integrating Mirae Asset’s financial expertise with blockchain technology, the firm aims to bridge conventional investment frameworks with decentralized finance. The initiative is a core component of the Mirae Asset 3.0 blueprint, which prioritizes regulatory compliance, investor education, and robust infrastructure over mere trading volume. Digital X will incorporate stablecoin integration and advanced investment instruments to cater to both institutional and individual investors. Existing Korbit users will experience no service interruptions, with all assets remaining under mandated segregated custody arrangements. This move signifies a broader institutional trend in South Korea where established financial conglomerates are leveraging existing exchange infrastructure to lead the development of regulated tokenized financial products.

#SecurityTokens #MiraeAsset #SouthKorea

Blockonomi·Jul 24, 20267.5

Infrastructure

MiCA is Turning Europe Into a Licensing Test for Every Type of Crypto Company

The European Union officially concluded the final transitional period for the Markets in Crypto-Assets (MiCA) regulation on July 1, 2026, marking a pivotal shift in the regional digital asset landscape. Crypto-asset service providers that previously operated under disparate national regimes were required to secure full MiCA authorization or initiate the cessation of their EU-based operations by this deadline. This regulatory milestone effectively forces a consolidation of the market, as firms must now adhere to a unified set of compliance standards to maintain access to the European Economic Area. For the RWA sector, this transition provides a clearer legal framework for tokenized assets, potentially increasing institutional confidence in European blockchain infrastructure. By eliminating regulatory fragmentation, the EU aims to foster a more stable environment for the issuance and trading of regulated digital securities. The reduction in the number of active providers suggests a shift toward higher-quality, compliant entities capable of meeting stringent operational requirements. Ultimately, this development serves as a global benchmark for how comprehensive oversight can integrate tokenized real-world assets into traditional financial systems.

#Compliance #DigitalAssets #MiCA

BeInCrypto·Jul 24, 20267.5

Infrastructure

XRP Ledger Eyes Trillion-Dollar Tokenization Boom With LOBSTR

The XRP Ledger (XRPL) is positioning itself as a primary infrastructure for institutional tokenization by leveraging its native capabilities for asset issuance, a built-in decentralized exchange, and rapid settlement times of three to five seconds. The network has seen significant growth in real-world asset adoption, with tokenized U.S. Treasuries increasing from $50 million to over $418 million within the past year. To further expand its reach, the XRPL has integrated with the LOBSTR wallet, a platform serving 1.5 million users, facilitating cross-chain interoperability between the XRP Ledger and Stellar ecosystems. This integration allows for seamless management of XRP and RLUSD, Ripple's regulated U.S. dollar-backed stablecoin, across mobile platforms. Beyond traditional finance, RippleX anticipates that autonomous AI agents will drive future transaction volume, potentially scaling from 1 million to 100 million transactions. By providing production-ready tools for assets like private credit and corporate bonds, the XRPL aims to capture a significant share of the projected multi-trillion-dollar tokenization market. These developments collectively underscore the network's transition from a simple payments rail to a comprehensive foundation for global digital finance.

#Stablecoins #RWA #Tokenization

coinpaper.com·Jul 24, 20267.5

Infrastructure

Lavarage Brings Spot Leverage Trading to Any Solana Token — From Day-One Launches to Tokenized Stocks

The Solana-based spot margin protocol Lavarage has expanded its operations to support over 700 live markets, enabling leverage trading for both new tokens and tokenized real-world assets. Unlike perpetual futures that rely on synthetic derivatives, Lavarage provides spot leverage, allowing traders to maintain ownership of the underlying assets. This distinction is critical for tokenized stocks, which saw $4.9 billion in volume on Solana during the first half of 2026. By facilitating leverage on these assets, the protocol allows users to retain ownership benefits while accessing capital efficiency. The platform supports diverse assets, ranging from newly minted tokens to tokenized equities issued by third parties like Backpack Securities and Sunrise. Lenders on the protocol earn yield from borrow demand, with recent vault performance reaching approximately 30% APY on SOL and 14% on USDC. Since its mainnet launch in early 2024, the protocol has processed over $200 million in volume. This development highlights the growing demand for on-chain financial infrastructure that bridges the gap between speculative trading and long-term asset ownership.

#Solana #TokenizedStocks #DeFi

tradingview.com·Jul 24, 20267.5

Infrastructure

Hong Kong Launches Tokenized Deposit Pilot With Live Transactions

The Hong Kong Monetary Authority (HKMA) has officially launched a sandbox for Project Ensemble, a strategic initiative designed to integrate tokenization into the traditional banking sector via the e-HKD. Initiated in August 2024, the project facilitates end-to-end digital asset settlement by utilizing experimental tokenized deposits among participating banks and industry partners. This infrastructure development aims to transition toward a 24/7 settlement environment using tokenized central bank money, marking a shift from conceptual testing to real-value transactions. HKMA Chief Executive Eddie Yue highlighted that the sandbox serves as a bridge where financial innovation meets practical implementation. Simultaneously, the Securities and Futures Commission, led by Julia Leung, is prioritizing interoperability to enable the seamless scaling of tokenized investment products. By enabling real-time, round-the-clock interbank settlement, the project addresses critical friction points in current financial systems. This development is significant for the RWA market as it establishes a regulatory-backed framework for institutional digital asset adoption in a major global financial hub.

#TokenizedDeposits #HKMA #DigitalAssets

coinmarketcap.com·Jul 24, 20268.5

Infrastructure News

Insights directly to your inbox