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Infrastructure

Understanding the Risk Profile of Tokenized Assets in Institutional Portfolios

The market for tokenized real-world assets grew from $10 billion in 2024 to $17.88 billion by March 2025, driven primarily by tokenized treasuries and private credit. While this expansion signals rising institutional conviction, it necessitates a sophisticated approach to risk management that distinguishes between underlying asset risks and new infrastructure-related vulnerabilities. Tokenization does not alter the fundamental financial characteristics of an instrument, meaning traditional credit and valuation risks remain paramount. However, the shift to ledger-based automation introduces unique operational risks, including smart contract bugs, private key management challenges, and cybersecurity threats. Regulatory bodies like the SEC emphasize that tokenized securities must adhere to existing compliance and disclosure standards, while new legislation like the U.S. GENIUS Act and Europe's MiCA framework are formalizing operating parameters. Institutions must navigate these evolving legal landscapes while addressing liquidity fragmentation and the complexities of digital asset custody. Ultimately, successful institutional adoption depends on integrating these assets into existing risk frameworks while implementing rigorous controls for on-chain infrastructure.

#RWA #Tokenization #MiCA

worldbusinessoutlook.com·Jun 29, 20267.5

Infrastructure

Bullish receives Gibraltar Financial Services Commission approval to offer trading in tokenized securities

Bullish, a regulated digital asset exchange, has secured approval from the Gibraltar Financial Services Commission to facilitate trading in tokenized securities. This regulatory milestone allows the platform to expand its service offerings beyond traditional cryptocurrencies into the broader RWA sector. By leveraging its existing regulatory framework, Bullish aims to bridge the gap between institutional-grade financial products and blockchain-based trading environments. The approval signifies a growing trend of established exchanges seeking formal oversight to capture the increasing demand for tokenized financial instruments. This development is significant for the RWA market as it provides a compliant venue for the secondary market trading of tokenized assets. As more jurisdictions provide clear regulatory pathways, the infrastructure for institutional participation in tokenized securities continues to mature. Bullish's ability to integrate these assets into its current ecosystem positions it as a key player in the evolving landscape of digital finance.

#RWA #DigitalAssets #TokenizedSecurities

stocktitan.net·Jun 29, 20267.5

Infrastructure

IMF Says Tokenization Is Finance's Next Evolution — Here's Why XRP Ledger Stands Out

The International Monetary Fund (IMF) has identified tokenization as the next major evolution in global financial markets, emphasizing its potential to enhance efficiency by removing intermediaries. IMF Senior Economist Itai Agur highlights that tokenization enables programmable assets, such as stocks, bonds, and real estate, to be transferred instantly and securely. This shift promises to reduce counterparty risk and administrative costs while facilitating fractional ownership and 24/7 liquidity. The XRP Ledger (XRPL) is increasingly positioned as a primary infrastructure for this transition due to its high-speed settlement and low transaction costs. Ripple has integrated native support for digital asset management, allowing institutions to issue and custody tokenized assets without complex smart contracts. Recent network upgrades, including automated market makers and decentralized identity, have bolstered its institutional appeal. Furthermore, the UK Parliament has explored XRPL for climate bond tokenization, signaling growing governmental interest in the platform's capabilities. As global financial institutions seek scalable blockchain solutions, the alignment between IMF-endorsed programmable finance and XRPL's architecture underscores the network's growing role in the RWA ecosystem.

#XRP #RWA #Tokenization

coinpaper.com·Jun 29, 20267.5

Infrastructure

New MiCA regime in Europe, U.S. jobs report for June: Crypto Week Ahead

The European crypto market faces a significant regulatory transition as the MiCA framework's transitional period concludes, forcing exchanges to compete for Binance's former user base following the firm's failure to secure a license. This regulatory shift coincides with a busy week of U.S. macroeconomic data, including critical employment and manufacturing reports that are expected to influence digital asset volatility. Robinhood is also scheduled to reveal new product offerings, with CEO Vlad Tenev and crypto general manager Johann Kerbrat set to present. While market participants monitor these developments, the broader industry continues to evaluate the integration of U.S. equities onto blockchain rails. Although access to these tokenized assets is becoming easier, the industry faces a persistent challenge regarding true on-chain composability. Currently, only Binance and Backpack are identified as platforms providing both accessible entry and functional composability at scale. These developments highlight the ongoing tension between regulatory compliance, macroeconomic pressures, and the technical requirements for mature RWA infrastructure.

#TokenizedEquities #MiCA #Regulation

coindesk.com·Jun 29, 20265.5

Infrastructure

CLARITY Act Faces Tougher Odds as Galaxy Research Downgrades 2026 Passage to 50%

The CLARITY Act, a significant cryptocurrency market structure bill, faces increasing legislative uncertainty as Galaxy Research has downgraded its probability of 2026 passage from 60% to 50%. Despite securing bipartisan approval from the Senate Banking Committee with a 15-9 vote on May 14, the bill is currently stalled at position 423 on the Senate legislative calendar. Alex Thorn of Galaxy Research cites a tightening Senate schedule and unresolved ethics provisions as primary hurdles to the bill's advancement. Urgent legislative priorities, such as the reauthorization of Section 702 of FISA, are consuming limited floor time, leaving little room for crypto-specific debate before the August recess. Furthermore, the bill requires 60 votes for passage, yet faces opposition from Senators Josh Hawley and Rand Paul, necessitating strong Democratic support that remains unconfirmed. Senate Majority Leader John Thune must now prioritize the bill in early July to avoid the legislative bottlenecks associated with the upcoming midterm election cycle. This delay is critical for the RWA market, as the CLARITY Act is intended to provide the regulatory framework necessary for institutional adoption and the legal certainty required for large-scale asset tokenization. Without a consolidated legislative package and resolved ethics concerns, the window for meaningful progress is rapidly closing.

#Regulation #CLARITYAct #GalaxyResearch

Blockonomi·Jun 29, 20265.5

Infrastructure

Wharton Warns RWA Tokenization May Trigger Liquidity Risks With 24/7 Trading

A May 2026 report from the Wharton School’s Financial Policy and Regulation Initiative warns that the rapid growth of tokenized real-world assets (RWA) faces systemic risks if trading velocity outpaces underlying asset liquidity. While the RWA market has expanded from $2.9 billion in 2022 to approximately $46 billion by 2026, researchers emphasize that tokenization changes market access rather than the fundamental credit quality or valuation of assets. The report introduces a 'speed-matching' principle, cautioning that 'fast tokens' backed by 'slow assets' like private credit or real estate create dangerous maturity mismatches. Such structures risk triggering run-like dynamics if redemption mechanisms fail during periods of market stress. Furthermore, the study highlights significant concentration risks, noting that the top 10 issuers control 82% of the market and Ethereum hosts 54% of total RWA value. By analyzing major players like BlackRock, Franklin Templeton, Figure Technologies, and Ondo Finance, the authors argue that current infrastructure lacks the robust, rule-bound redemption mechanics found in traditional finance. Ultimately, the report calls for regulatory frameworks that address the economic reality of these assets rather than just their technical implementation to prevent future systemic shocks.

#Ethereum #RWA #Tokenization

tokenpost.com·Jun 29, 20269.5

Infrastructure

RWA Tokenization 2026: How Ondo Finance and BlackRock Are Disrupting Finance

The Real World Asset (RWA) tokenization market has reached a critical inflection point in 2026, surpassing $36 billion in total on-chain value. Driven by institutional giants like BlackRock, JPMorgan, and Goldman Sachs, the sector is transitioning from experimental pilots to foundational financial infrastructure. Ondo Finance has emerged as a dominant force, securing over 70% market share in tokenized equities and managing $3.78 billion in total value locked. A major catalyst for this growth is the DTCC's July 2026 production testing of tokenized Russell 1000 stocks, which signals a shift toward mainstream blockchain-based settlement. By replacing inefficient T+2 settlement cycles with instant, 24/7 blockchain transactions, these firms are reducing costs and systemic risk. The integration of products like Ondo's USDY and OUSG into major platforms demonstrates that tokenization is now deeply embedded in global treasury management. This evolution democratizes access to institutional-grade assets, allowing fractional ownership for retail investors while providing corporations with unprecedented liquidity. Ultimately, this structural shift represents a fundamental reimagining of how global value is created, transferred, and stored.

#Ondo Finance #RWA #Tokenization

intellectia.ai·Jun 29, 202610.0

Infrastructure

How to Use Loopscale’s Loops 2.0 Engine for Asynchronous Real-World Asset Settlements

Loopscale has launched Loops 2.0, a significant infrastructure overhaul designed to address the persistent challenge of asynchronous settlement in the tokenized real-world asset market. By introducing the PRISM layer, the protocol enables users to maintain an immediate on-chain user experience while managing the underlying delays inherent in off-chain redemption queues and issuer processing. The platform utilizes a modular, order-book-based lending model that replaces traditional pool-based systems, allowing for fixed-rate borrowing and lending across a diverse range of assets including tokenized credit, commodities, and equities. An advanced routing engine further enhances efficiency by sourcing liquidity from over 15 venues to optimize trade execution. This development is critical for the RWA sector as it bridges the gap between traditional financial settlement timelines and the demand for instant DeFi-style position management. By supporting specific assets like TESOURO, ACRED, and ONyc, Loopscale provides a framework for institutional and retail users to gain leveraged exposure to yield-generating instruments. Ultimately, this infrastructure reduces the operational friction that has historically hindered the scalability of tokenized private debt and treasury products.

#Solana #RWA #Tokenization

financefeeds.com·Jun 29, 20267.5

Infrastructure

Tokenised Securities: The Infrastructure of Tomorrow's Capital Markets

Tokenized securities are transitioning from experimental pilots to foundational infrastructure for global capital markets, driven by distributed ledger technology. This shift enables 24/7 secondary trading, near-instant settlement, and enhanced collateral mobility, moving beyond traditional T+2 cycles. While many current implementations utilize hybrid models with off-chain registers, Switzerland’s DLT Act provides a legal framework for fully on-chain register value rights. The emergence of regulated stablecoins and tokenized deposits serves as a critical bridge, allowing digital money to settle tokenized assets with matching speed and programmability. Tokenized money market funds have become a primary use case, offering yield-bearing, high-liquidity alternatives to non-interest-bearing stablecoins. Despite these operational efficiencies, the industry faces risks regarding liquidity transformation and the potential for rapid capital flight during market stress. Ultimately, the integration of smart contracts for KYC/AML and automated compliance is reshaping investment management, treasury operations, and collateral management across both decentralized and traditional finance.

#Tokenization #DLT #CapitalMarkets

deloitte.com·Jun 28, 20268.5

Infrastructure

Weekly Preview | EU MiCA Transition Period Ends; Multiple Platforms Halt Operations, Users Must Migrate Assets in Time

The crypto market faces significant regulatory and operational shifts as of late June 2026, highlighted by the conclusion of the EU's MiCA transitional period on July 1. This deadline mandates that all crypto-asset service providers without proper authorization cease operations in the EU, impacting approximately 60% of European users currently on unlicensed platforms. Simultaneously, Tennessee has enacted HB2505, banning cryptocurrency kiosks to curb fraud, while Russia’s Energy Ministry proposed a regional ban on digital currency mining. In the RWA and TradFi space, Binance is expanding its offerings with leveraged perpetual contracts for US equity ETFs like TQQQ and SQQQ. Furthermore, SharpLink and Forward Industries are joining the Russell 2000 and 3000 indices, signaling increased integration between crypto-treasury companies and traditional equity benchmarks. Conversely, several projects including Seamless Protocol and 0xPPL are winding down operations, requiring users to migrate assets before platform shutdowns. These developments reflect a broader trend of tightening regulatory oversight and a maturing, albeit volatile, landscape for digital asset infrastructure.

#MiCA #Regulation #TradFi

panewslab.com·Jun 28, 20266.5

Infrastructure

FirstRand Bank First to Advance Blockchain Treasury Management in South Africa With Kinexys by J.P. Morgan

FirstRand Bank has become the first financial institution in South Africa to utilize Kinexys by J.P. Morgan for blockchain-based treasury management. This integration enables the bank to execute near-instantaneous cross-border payments and settlement processes, significantly reducing the friction typically associated with traditional banking infrastructure. By leveraging J.P. Morgan’s Onyx-powered platform, FirstRand aims to enhance liquidity management and operational efficiency for its corporate clients. This development marks a critical milestone for the South African financial sector, signaling a shift toward institutional adoption of distributed ledger technology for high-value treasury operations. The move demonstrates how global banking giants are successfully exporting blockchain solutions to emerging markets to solve legacy settlement inefficiencies. As more banks adopt these programmable payment rails, the RWA market benefits from increased velocity of capital and improved transparency in cross-border transactions. This partnership underscores the growing trend of major financial institutions moving beyond pilot programs into live, production-grade blockchain treasury services.

#JPMorgan #Kinexys #TreasuryManagement

ffnews.com·Jun 28, 20267.5

Infrastructure

Tokenization’s Real Problem: Who Will Actually Buy?

At the Point Zero Forum 2026, Bybit CEO Ben Zhou highlighted a critical shift in the RWA sector from technical feasibility to the challenge of generating genuine market demand. While institutions and regulators are actively tokenizing bonds, properties, and portfolios, Zhou argues that the industry currently suffers from an oversupply of tokenized assets without a corresponding base of active buyers. He emphasizes that simply placing assets on-chain does not guarantee liquidity or trading volume, which remain the primary hurdles for sustainable growth. Exchanges are evolving into comprehensive financial super-apps that integrate AI to simplify complex on-chain interactions for retail users. Zhou contends that intermediaries and centralized platforms will remain essential to provide trust, custody, and regulatory enforcement in a tokenized economy. By focusing on user-friendly wrappers and personalized wealth management, exchanges aim to bridge the gap between traditional finance and blockchain systems. Ultimately, the industry must pivot from a 'tokenize-first' mentality to one that prioritizes real-world utility and buyer engagement to ensure long-term viability.

#RWA #Tokenization #Bybit

disruptionbanking.com·Jun 28, 20266.5

Infrastructure

Tokenized RWAs Hit $23.6B as 24/7 Trading Draws Investors

The on-chain market capitalization for tokenized real-world assets has surged to approximately $23.6 billion, representing a 66% increase from the $14.1 billion recorded at the beginning of the year. Data from DeFiLlama indicates a consistent growth trajectory from January through early March across diverse asset classes. Industry experts suggest this expansion is driven less by the novelty of tokenization technology and more by improved accessibility and distribution of financial products. Market participants are increasingly seeking alternatives to traditional financial systems, which are often hindered by limited operating hours and complex intermediary requirements. Stobox co-founder Ross Shemeliak highlights that investor frustration with legacy market structures is a significant catalyst for this shift. The ability to facilitate 24/7 trading and near-instant settlement has emerged as a primary value proposition for institutional and retail investors alike. This trend underscores a broader transition toward digital infrastructure that prioritizes efficiency and continuous liquidity over conventional banking constraints.

#RWA #Tokenization #DigitalAssets

coinmarketcap.com·Jun 28, 20266.5

Infrastructure

Can Tokenization Narratives Finally Lift Crypto Prices?

The on-chain real-world asset market has experienced a significant 30x expansion over the last three years, growing from $1 billion to $30 billion in total value. This growth is driven by the migration of traditional financial instruments like stocks, bonds, and real estate onto blockchain rails, positioning tokenization as a foundational layer for future finance. Notable developments include the use of stablecoins for cross-border remittances and Securitize's upcoming $400 million SPAC merger for a NYSE debut. Furthermore, the DTCC has scheduled a tokenization interoperability test for July 13, with a full-scale rollout planned for October 2026. Despite this institutional progress, many tokenization-related crypto assets like ONDO have struggled to maintain price momentum. Analysts suggest this disconnect stems from a lack of direct value accrual mechanisms for token holders and significant supply unlocks. This trend highlights a critical distinction in the RWA sector: while the underlying infrastructure and revenue models are thriving, the associated crypto tokens may not necessarily capture that value. Consequently, the market is increasingly scrutinizing the economic design of tokenized projects rather than just their technological utility.

#RWA #Ondo #Tokenization

tradingview.com·Jun 28, 20267.5

Infrastructure

ClearToken Launches Regulated Stablecoin FX and Tokenised…

ClearToken has officially launched its regulated infrastructure for stablecoin foreign exchange and tokenized settlement on the Canton Network. This platform enables institutional participants to execute atomic settlement of stablecoin-based FX trades, significantly reducing counterparty risk and operational friction. By integrating with three institutional decentralized applications, ClearToken facilitates a seamless bridge between traditional financial workflows and distributed ledger technology. The initiative leverages the interoperability of the Canton Network to ensure that regulated entities can maintain compliance while accessing the efficiency of blockchain-based settlement. This development marks a critical step in the institutional adoption of stablecoins for cross-border payments and liquidity management. As financial institutions increasingly seek to modernize legacy settlement systems, ClearToken provides a robust framework that addresses the demand for transparency and regulatory oversight. The successful deployment underscores the growing trend of private, permissioned blockchains becoming the preferred environment for high-value institutional asset tokenization.

#Stablecoins #CantonNetwork #InstitutionalDeFi

ffnews.com·Jun 28, 20268.5

Infrastructure

DTCC picks Stellar to help in tokenization push for $114T in assets

The Depository Trust & Clearing Corporation (DTCC) has selected the Stellar blockchain network to facilitate the tokenization of a massive portfolio of assets. This initiative aims to modernize the infrastructure for up to $114 trillion in financial assets, representing a significant step toward institutional-grade blockchain integration. By leveraging Stellar's distributed ledger technology, the DTCC seeks to enhance the efficiency, transparency, and settlement speed of traditional financial instruments. This move underscores the growing confidence of major financial clearinghouses in public blockchain networks for handling high-value, regulated assets. The collaboration highlights a shift in how global financial markets approach the digitization of securities and clearing processes. As the DTCC processes the vast majority of U.S. securities transactions, its adoption of blockchain technology serves as a critical validation for the broader RWA sector. This development signals that tokenization is moving from experimental pilot programs to core infrastructure implementation within the global financial system.

#Stellar #Tokenization #DTCC

aol.com·Jun 28, 20269.5

Infrastructure

Philippine SEC Opens Door to RWA Tokenization

The Philippine Securities and Exchange Commission has officially signaled that the nation's capital markets are prepared to support real-world asset tokenization, provided that all products adhere to existing securities laws and investor protection standards. This regulatory stance provides a clear framework for banks, fintech firms, and exchanges to begin testing tokenized securities within the country. By emphasizing that blockchain wrappers do not negate underlying legal obligations, the SEC ensures that tokenized shares, bonds, and fund interests remain subject to standard registration, disclosure, and custody requirements. The move aligns the Philippines with broader Asian regulatory trends seen in Hong Kong, Singapore, and Japan, where authorities are integrating blockchain into capital markets without abandoning traditional oversight. Fixed-income markets are identified as the most probable starting point for these initiatives, leveraging the existing infrastructure of the Philippine Dealing & Exchange Corp. While this development does not grant blanket approval for open trading, it establishes a formal, regulated pathway for issuers to explore fractional access and faster settlement. Ultimately, this shift matters because it demonstrates a commitment to modernizing financial infrastructure while maintaining the enforceability of issuer obligations and market conduct rules.

#SEC #TokenizedSecurities #FixedIncome

coininsider.com·Jun 28, 20267.5

Infrastructure

Stellar Has 9 Times More Tokenized Assets Than XRP but XRP Is Worth 11 Times More

Stellar and XRP represent two distinct approaches to blockchain-based financial infrastructure, with Stellar currently leading in the volume of on-chain tokenized assets. While XRP maintains a significantly higher market capitalization of approximately $66 billion compared to Stellar's $6 billion, Stellar hosts roughly $3 billion in tokenized U.S. Treasuries and money market funds, outperforming the XRP Ledger's $330 million in active on-chain value. Stellar’s growth is bolstered by institutional partnerships, most notably a collaboration with the DTCC to bring securities like Russell 1000 stocks and ETFs onto its public blockchain by 2027. Conversely, XRP dominates in stablecoin volume and maintains a stronger direct link between network usage and token demand through its cross-border payment rails. Despite Stellar's success in attracting major asset managers like Franklin Templeton and WisdomTree, the network currently generates minimal fee revenue from these tokenized assets. XRP benefits from regulatory tailwinds, including potential passage of the CLARITY Act and the success of its spot ETFs, which provide institutional on-ramps that Stellar currently lacks. Ultimately, the market faces a divergence where Stellar leads in asset tokenization volume, while XRP maintains superior market valuation and utility-driven token demand.

#XRP #RWA #Stellar

247wallst.com·Jun 28, 20268.5

Infrastructure News

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