Infrastructure

Infrastructure News

Latest Infrastructure analysis and market intelligence from RWA Signal.

DTCC's tokenization pilot launches this month with Russell 1000 stocks, ETFs, and Treasuries
Infrastructure

DTCC's tokenization pilot launches this month with Russell 1000 stocks, ETFs, and Treasuries

The Depository Trust and Clearing Corporation (DTCC) is launching a landmark tokenization pilot in July 2026 to digitize Russell 1000 stocks, major index ETFs, and U.S. Treasuries. Backed by a December 2025 SEC No-Action Letter, this initiative aims to modernize the settlement infrastructure for the $114 trillion in assets currently held by the DTC. By transitioning from the traditional T+1 settlement cycle to continuous, around-the-clock settlement, the project seeks to eliminate capital lock-up and reduce counterparty risk. More than 50 major financial institutions, including BlackRock, Goldman Sachs, JPMorgan, and Ripple, are collaborating to ensure interoperability across token standards. This move represents a significant shift for the RWA market, as it integrates blockchain-native representations into the core of the global financial system without altering underlying legal rights. The pilot serves as a high-profile validation for institutional-grade tokenization, potentially enabling future programmable dividends and direct DeFi integration. Ultimately, this transition marks the first fundamental update to securities settlement plumbing since the 1970s, setting a new standard for regulated market infrastructure.

cryptobriefing.com·Jul 3, 202610.0
ESMA Adds 37 Crypto Firms to MiCA Register After Transition Ends
Infrastructure

ESMA Adds 37 Crypto Firms to MiCA Register After Transition Ends

The European Securities and Markets Authority (ESMA) has updated its MiCA register by adding 37 licensed crypto-asset service providers (CASPs) following the conclusion of the transitional period. This update brings the total number of registered entities to 280, signaling a transition from rulemaking to active market supervision across the European Union. Notable additions include Standard Chartered, FalconX, Sygnum Europe, and CACEIS, reflecting increased institutional participation in the regulated digital asset space. Standard Chartered’s dual acquisition of MiCA and Electronic Money Institution (EMI) licenses highlights the strategic importance of combining digital asset services with traditional payment infrastructure. While CASP licensing is accelerating, the register for asset-referenced tokens remains empty, indicating a more cautious approach toward token issuance under the new framework. This shift creates a competitive filter where registered firms gain significant market access advantages over unlicensed competitors. Ultimately, the MiCA register is evolving into a critical tool for institutional due diligence, procurement, and risk management within the European financial ecosystem.

financefeeds.com·Jul 3, 20267.5
Crypto rules are ‘not a favor,’ says SEC, but CLARITY Act still waits
Infrastructure

Crypto rules are ‘not a favor,’ says SEC, but CLARITY Act still waits

SEC Chairman Paul Atkins has defended the current administration's efforts to modernize digital asset regulations, framing the push for market clarity as a functional necessity rather than a regulatory favor. The SEC is actively working to facilitate the transition of markets on-chain while attempting to rebuild institutional trust following past regulatory friction. Despite these internal efforts, the agency faces significant operational pressure, managing approximately 200 ETF filings monthly, including complex products like prediction markets. The proposed CLARITY Act remains the primary legislative vehicle intended to codify oversight between the SEC and CFTC, yet it currently lacks a scheduled Senate floor vote. Legal experts note that without formal codification, SEC staff guidance remains vulnerable to court challenges, which has already stalled planned tokenization innovation exemptions. The urgency for legislative action is amplified by the implementation of the EU’s MiCA framework, which has intensified concerns that U.S. innovation is migrating to more favorable jurisdictions. Ultimately, the passage of the CLARITY Act is viewed as the critical step to provide the legal certainty required for sustained RWA and digital asset growth in the United States.

AMBCrypto·Jul 3, 20265.5
From SpaceX to trade invoices: Here’s how tokenization is changing how the world moves money
Infrastructure

From SpaceX to trade invoices: Here’s how tokenization is changing how the world moves money

The tokenization of real-world assets is transitioning from a niche concept to a fundamental shift in global financial infrastructure, highlighted by the emergence of tokenized equities following the $75 billion SpaceX IPO. Platforms are now offering blockchain-native exposure to major stocks like Nvidia and Google, while institutions like NASDAQ seek regulatory approval to facilitate tokenized security trading. Beyond equities, the private credit market has doubled to over $10 billion on-chain, with significant activity in commodities and receivables. Networks like XDC have processed over $1.1 billion in institutional-grade assets, while Brazil’s Liqi Digital Assets reported BRL 1.2 billion in cumulative tokenized credit operations. This growth is supported by evolving legal frameworks in jurisdictions including Brazil, Singapore, the UK, and the EU, alongside the US GENIUS Act of 2025. Projections from BCG, Ripple, and Standard Chartered estimate the tokenized asset market could reach between $18.9 trillion and $30 trillion by the mid-2030s. This evolution signifies a move toward 24/7 settlement and increased accessibility for assets previously constrained by legacy banking layers.

AMBCrypto·Jul 3, 20268.5
The 5 Pillars of Enterprise Tokenization: Building Scalable, Secure, and Compliant Digital Asset Eco
Infrastructure

The 5 Pillars of Enterprise Tokenization: Building Scalable, Secure, and Compliant Digital Asset Eco

Enterprise tokenization is transitioning from a speculative blockchain trend into a core strategic capability for financial institutions seeking operational efficiency and liquidity. The framework for successful implementation rests on five pillars: interoperability, regulatory compliance, security, scalability, and asset lifecycle management. By leveraging standardized protocols, institutions can bridge the gap between legacy systems and decentralized finance, ensuring that digital assets remain compliant across jurisdictions. The integration of smart contracts allows for the automation of complex corporate actions, significantly reducing settlement times and administrative overhead. As global financial markets demand greater transparency, these pillars provide a blueprint for building robust, institutional-grade digital asset ecosystems. This shift is critical for the RWA market because it moves the industry away from fragmented, siloed experiments toward a unified, scalable infrastructure. Ultimately, the adoption of these standards will determine which financial entities successfully capture the next wave of capital market digitization.

Finextra — Crypto·Jul 3, 20267.5
Who Actually Owns a Tokenized Asset? The IMF Wants an Answer
Infrastructure

Who Actually Owns a Tokenized Asset? The IMF Wants an Answer

The International Monetary Fund has issued a formal warning regarding the future of tokenized assets, asserting that the sector will remain a peripheral financial niche without standardized legal frameworks. Current research indicates that the global tokenized asset market has reached a valuation of $60 billion, yet it remains significantly fragmented across disparate international regulatory regimes. A primary concern highlighted by the IMF is the lack of clarity regarding legal ownership and the precise point of settlement finality for these digital instruments. This ambiguity creates substantial operational risks that prevent institutional adoption and broader market integration. Furthermore, the current landscape is largely inaccessible to United States retail investors due to these ongoing compliance and jurisdictional hurdles. Resolving these foundational legal questions is essential for transitioning tokenization from an experimental phase to a robust, scalable component of the global financial system. Without such clarity, the potential for blockchain-based assets to improve market efficiency and liquidity will likely remain unrealized.

BeInCrypto·Jul 3, 20267.5
India's central bank revives push to isolate banks from crypto: Report
Infrastructure

India's central bank revives push to isolate banks from crypto: Report

The Reserve Bank of India (RBI) has formally advised lawmakers to implement a containment strategy that shields the domestic banking sector from exposure to private cryptocurrencies and stablecoins. During a presentation to the Parliamentary Standing Committee on Finance, RBI officials Rohit Jain and P. Vasudevan emphasized that prohibiting crypto in payments and settlements remains a viable policy option. The central bank expressed concerns that traditional regulation might inadvertently legitimize speculative assets, potentially misleading retail investors regarding their safety. Crucially, the RBI distinguished these speculative assets from regulated tokenized instruments, such as government securities and corporate bonds. By advocating for this distinction, the central bank aims to ensure that restrictive crypto policies do not stifle the growth of legitimate RWA tokenization efforts. This stance reflects a long-standing tension between the regulator and the digital asset industry, reminiscent of the 2018 banking ban that was eventually overturned by the Supreme Court in 2020. As India leads the 2025 Chainalysis Global Crypto Adoption Index, the RBI's push for a bifurcated regulatory framework highlights the government's intent to control systemic financial risks while fostering institutional blockchain innovation.

Cointelegraph — Tokenization·Jul 3, 20266.5
First Major Law Enforcement Group Endorses CLARITY Act in Letter to Senate
Infrastructure

First Major Law Enforcement Group Endorses CLARITY Act in Letter to Senate

The National Organization of Black Law Enforcement Executives (NOBLE) has officially endorsed the Digital Asset Market Clarity Act, marking the first time a major law enforcement organization has supported this specific legislative proposal. In a formal letter addressed to Senate leaders John Thune and Chuck Schumer, the group signaled its backing for the bill despite ongoing legislative challenges. The CLARITY Act aims to establish a more defined regulatory framework for the digital asset industry, which is a critical component for the maturation of the RWA sector. By aligning law enforcement interests with crypto-asset regulation, the endorsement potentially increases the political viability of the bill. This development is significant for the RWA market because clear regulatory guidelines are essential for institutional adoption and the secure tokenization of real-world assets. As the bill navigates hurdles related to ethics and legislative priorities, the support from a prominent law enforcement body provides a new layer of credibility to the proposed oversight mechanisms. Ultimately, this move highlights the growing intersection between traditional law enforcement and the evolving digital asset ecosystem.

BeInCrypto·Jul 3, 20265.5
Binance says MiCA should be judged by who it licenses, not who it excludes
Infrastructure

Binance says MiCA should be judged by who it licenses, not who it excludes

Binance recently withdrew its MiCA license application in Greece after months of discussions with the Hellenic Capital Market Commission, forcing the exchange to suspend services for affected users on short notice. Gillian Lynch, Binance's head of Europe and the U.K., argued that the success of the European Union’s Markets in Crypto-Assets regulation should be judged by its ability to integrate firms into the regulated system rather than by exclusion. Despite reports from the Wall Street Journal suggesting ESMA advised regulators to reject the application due to financial-crime compliance concerns, Lynch maintained that the company's application was complete and that it remains committed to European regulation. The withdrawal highlights the significant friction major crypto entities face while attempting to align with the EU's new comprehensive regulatory framework. With approximately 80% of the 3,000 existing virtual asset service providers in the EU potentially unable to survive the transition, the market faces a massive migration of over 10 million users. Binance continues to emphasize its $300 million annual investment in compliance and its 1,500-person global compliance team as evidence of its commitment to maturity. This situation underscores the broader challenge of balancing stringent regulatory standards with the need for liquidity and market infrastructure in the evolving digital asset ecosystem.

CoinDesk·Jul 3, 20266.5
Here’s what happened in crypto today
Infrastructure

Here’s what happened in crypto today

Securitize has officially debuted on the New York Stock Exchange under the ticker SECZ following a merger with a Cantor Fitzgerald-backed SPAC. The company, which counts BlackRock and Morgan Stanley as backers, simultaneously launched tokenized versions of its shares on the Avalanche and Solana blockchains. This milestone represents the first instance of a newly public company offering tokenized equity to eligible US investors. Simultaneously, Standard Chartered has partnered with Circle to enable institutional clients to mint and redeem USDC directly through the bank's platform. As the first Global Systemically Important Bank to offer this service, Standard Chartered is integrating stablecoin access into traditional risk and compliance frameworks. These developments signal a significant maturation of the RWA market, as institutional-grade infrastructure increasingly bridges the gap between legacy financial systems and blockchain-based assets. By embedding these capabilities, both Securitize and Standard Chartered are addressing the industry's demand for deeper liquidity, extended trading hours, and seamless onchain settlement.

Cointelegraph — Tokenization·Jul 3, 20269.0
SOL Surges 19% As Securitize Listing Draws NYSE Into Solana Ecosystem
Infrastructure

SOL Surges 19% As Securitize Listing Draws NYSE Into Solana Ecosystem

Solana’s native token SOL experienced a 19% price surge following a strategic listing announcement by Securitize that integrates the Solana blockchain with the New York Stock Exchange. This development highlights a growing trend of institutional engagement, as traditional financial giants increasingly leverage high-performance blockchain infrastructure for tokenized securities. By utilizing Solana’s high transaction throughput and low costs, Securitize aims to scale real-world asset operations beyond the limitations of legacy networks. The involvement of the NYSE provides a critical layer of institutional credibility, signaling that major exchanges are integrating digital assets into their core operations. Market participants interpreted this move as a validation of Solana’s capacity to support institutional-grade financial products. This shift suggests that partnerships between regulated entities and blockchain networks are becoming primary catalysts for market momentum. Ultimately, the event underscores the transition of crypto infrastructure from a peripheral interest to a foundational component of modern financial portfolios.

londoninsider.co.uk·Jul 3, 20268.5
Mexico Securities Market Law: Tokenized Securities Treatment
Infrastructure

Mexico Securities Market Law: Tokenized Securities Treatment

Mexico has officially integrated tokenized securities into its legal framework through amendments to the Securities Market Law, providing a clear regulatory pathway for digital assets. The reform mandates that securities issued via distributed ledger technology must be registered with the National Banking and Securities Commission to ensure investor protection and market integrity. By establishing these legal definitions, Mexico aims to modernize its financial infrastructure and attract institutional capital into the blockchain ecosystem. This development is significant for the RWA market as it reduces legal ambiguity for issuers looking to tokenize traditional financial instruments within a G20 economy. The legislation emphasizes that tokenized assets must adhere to the same transparency and reporting standards as traditional securities, effectively bridging the gap between decentralized finance and regulated capital markets. This move positions Mexico as a proactive jurisdiction for digital asset adoption, potentially setting a precedent for other Latin American nations. The formal recognition of tokenized securities serves as a critical milestone for the institutionalization of blockchain-based financial products globally.

cryptoslate.com·Jul 3, 20268.5
CoinFlip secures Italy MiCA license as EU crypto transition period ends
Infrastructure

CoinFlip secures Italy MiCA license as EU crypto transition period ends

CoinFlip has officially secured a Markets in Crypto-Assets (MiCA) license from Italy’s securities regulator, CONSOB, marking a significant expansion for the U.S.-based crypto platform into the European Union. This authorization allows the company to passport its services across all EU member states, establishing its European headquarters in Milan. The approval arrives immediately following the July 1 expiration of the EU's MiCA grandfathering period, which mandates that all crypto-asset service providers must hold formal authorization to operate within the bloc. By becoming the first international provider to operate under this new framework in Italy, CoinFlip gains a unified regulatory foundation to scale its operations. This transition represents a major shift from fragmented national licensing regimes to a harmonized, continent-wide regulatory standard. For the broader RWA and crypto market, this development underscores the increasing necessity of regulatory compliance to maintain access to European capital. As ESMA enforces strict wind-down plans for unauthorized firms, the ability to passport services under MiCA becomes a critical competitive advantage for platforms seeking to integrate traditional financial services with digital assets.

AMBCrypto·Jul 2, 20266.5
T+1 Settlement Through a Trading Lens: What Changes for Brokers, Reporting, and Tokenized Exposure?
Infrastructure

T+1 Settlement Through a Trading Lens: What Changes for Brokers, Reporting, and Tokenized Exposure?

The transition to T+1 settlement in the United States in May 2024 has acted as a catalyst for broader structural changes in global capital markets. While the move aimed to reduce settlement time, it has primarily exposed the operational limitations of legacy systems, forcing firms to prioritize capital efficiency over mere execution speed. Major institutions including DTCC, Nasdaq, and ICE are actively developing tokenized collateral and digital market infrastructure to address these friction points. Simultaneously, firms like BlackRock, Franklin Templeton, and Ondo Finance are expanding institutional access to tokenized Treasuries to streamline post-trade processes. This shift is critical for the RWA market because it positions tokenization as a functional solution for reconciliation and liquidity management rather than just a novel asset format. As Europe prepares for a coordinated move to T+1 by October 2027, the industry is learning that faster settlement requires seamless coordination across fragmented jurisdictions and currencies. Ultimately, the competitive landscape is evolving toward firms that can automate the movement of capital and collateral through shared ledgers and programmable assets. This transition underscores that the future of finance relies on reducing the need for manual reconciliation through advanced, blockchain-native infrastructure.

financefeeds.com·Jul 2, 20268.5
Securitize is latest crypto company to go public as BlackRock-backed firm sees stock jump 3% on debut
Infrastructure

Securitize is latest crypto company to go public as BlackRock-backed firm sees stock jump 3% on debut

Securitize, a BlackRock-backed firm specializing in asset tokenization, officially debuted on the New York Stock Exchange following a merger with Cantor Equity Partners II. The transaction, structured as a SPAC merger, raised $400 million and established a market valuation of $1.25 billion for the Miami-based company. Despite initial pre-market volatility, shares rose nearly 3% upon opening, signaling investor interest in the firm's role as a bridge between traditional finance and blockchain infrastructure. Securitize plans to further its mission by issuing a tokenized version of its own public stock. This listing represents a significant milestone for the RWA sector, as the company has previously facilitated major projects like BlackRock’s BUIDL money market fund and VanEck’s tokenized Treasury offerings. The move follows a series of recent crypto-sector IPOs, including Circle, Gemini, and BitGo, highlighting a broader trend of institutional-grade crypto firms entering public markets. By integrating traditional financial services on-chain, Securitize aims to capitalize on the growing institutional appetite for tokenized assets despite broader market headwinds.

fortune.com·Jul 2, 20269.5
JPMorgan Says Tokenization Could Reshape The $4.7 Trillion U.S. Financial Market
Infrastructure

JPMorgan Says Tokenization Could Reshape The $4.7 Trillion U.S. Financial Market

JPMorgan, managing approximately $4.7 trillion in assets, has identified tokenization as a critical catalyst for modernizing the American financial system. By transitioning from experimental blockchain projects to strategic mainstream adoption, the bank aims to leverage tokenization to enable fractional ownership, 24/7 trading, and programmable automation. Through its Kinexys platform and JPM Coin, JPMorgan is actively integrating these technologies alongside peers like Citigroup, HSBC, and Standard Chartered. These institutions are collectively tokenizing diverse assets, including government bonds, private-market securities, and deposits, to reduce reconciliation costs and improve liquidity. A collaborative effort between JPMorgan, Citi, and Bank of America is currently targeting a 2027 launch for a shared tokenized deposit network. This shift is supported by evolving regulatory frameworks, such as the CLARITY Act, which aim to provide necessary guardrails for digital asset integration. Ultimately, this institutional movement signals that blockchain is becoming the foundational infrastructure for the next generation of global finance.

tekedia.com·Jul 2, 20269.0
IMF says tokenization could transform settlement and financial stability
Infrastructure

IMF says tokenization could transform settlement and financial stability

The International Monetary Fund has officially recognized tokenization as a transformative force capable of moving financial markets toward near-instant settlement by consolidating assets and recordkeeping on shared ledgers. Tobias Adrian, the IMF’s financial counselor, emphasized that this shift moves systemic risk from traditional intermediaries to underlying infrastructure like smart contracts and distributed ledgers. While the technology promises to eliminate multi-day settlement delays, the IMF warns that a lack of standardized regulations could lead to fragmented, incompatible platforms. Major institutions are already responding, with The Clearing House—backed by JPMorgan Chase, Bank of America, and Barclays—planning a tokenized deposit network for 2027. Research from PwC and Moody’s supports the IMF’s view that tokenization addresses critical inefficiencies in asset ownership and payment transfers. Policymakers now face a narrow window to establish governance and interoperability standards to ensure these efficiencies do not introduce new systemic vulnerabilities. In the U.S., the SEC is currently evaluating an innovation exemption to allow testing of blockchain-based trading platforms under existing securities laws.

Cointelegraph — RWA Tokenization·Jul 2, 20269.0
Solana’s RWA ecosystem reaches all-time high of $3.4 billion in total value
Infrastructure

Solana’s RWA ecosystem reaches all-time high of $3.4 billion in total value

Solana has reached a new all-time high of $3.3 billion in tokenized real-world asset (RWA) value, marking a nearly fourfold increase from the $873 million recorded in January 2026. This growth secures Solana's position as the third-largest blockchain for RWA value, trailing only Ethereum and BNB Chain. The network now commands a 10.39% market share, supported by 692 distinct on-chain assets and a 27.92% growth rate over the last 30 days. Key contributors to this expansion include Ondo Finance and Kamino, which provide essential infrastructure for tokenized treasuries and DeFi markets. Institutional interest has been bolstered by successful pilots, such as Citigroup’s February 2026 test of tokenized Bill of Exchange settlements. While Solana’s low fees and high speed attract institutional users, the network must overcome historical concerns regarding downtime to maintain this momentum. This shift highlights increasing competition in the RWA sector as Solana challenges the dominance of established chains like Ethereum.

cryptobriefing.com·Jul 2, 20267.5

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