Infrastructure News

DoubleZero brings Hyperliquid RWA market data to institutional desks

DoubleZero Foundation has launched live access to Hyperliquid’s order book data through its DoubleZero Edge platform to support institutional trading strategies. By utilizing dedicated fiber connections, the platform provides low-latency, machine-readable market data for Hyperliquid’s native perpetuals and HIP-3 real-world asset markets. These HIP-3 markets currently facilitate perpetual trading for commodities such as oil, gold, and silver. The infrastructure, developed in collaboration with validator operators and partners like Hyperion DeFi, MAVAN, and Kinetiq, aims to replace reliance on public internet APIs for high-frequency traders. This development is significant as Hyperliquid continues to scale, having processed over $662 billion in volume during Q2 2026. Reliable data access is increasingly critical for quantitative firms, market makers, and AI agents operating within the onchain ecosystem. By streamlining data delivery from Tokyo, DoubleZero seeks to enhance price discovery and execution efficiency for institutional participants in the RWA sector.

cryptobriefing.com·Sep 24, 20267.0

Cash That Moves, Cash That Earns: Onchain for Treasurers

Corporate adoption of on-chain treasury management is shifting from theoretical interest to practical implementation, as evidenced by ArcelorMittal’s focus on international intercompany transfers. While the underlying technology, including MPC-based custody and stablecoin settlement, is deemed mature, organizational hurdles remain the primary bottleneck for large-scale integration. Companies are increasingly utilizing a 'stablecoin sandwich' model, where fiat is converted to stablecoins for rapid cross-border transfer and immediately converted back to fiat upon arrival. This approach allows firms to bypass traditional correspondent banking delays while avoiding the regulatory and accounting complexities of holding stablecoins as cash equivalents. Security concerns are being addressed through sophisticated policy engines and multi-party computation, moving the focus from key theft to governance and transaction authorization. Experts suggest that banks will act as the primary catalysts for broader adoption by bundling custody, liquidity, and privacy services into unified offerings. Ultimately, the transition is moving from a question of technical feasibility to one of internal change management, compliance alignment, and regulatory clarity regarding accounting treatments.

thebigwhale.io·Sep 24, 20267.5

Tokenized Renewable Energy Projects: Building the Infrastructure for On

Finextra — Crypto·Sep 24, 20267.5

Solana Foundation hires Binance, Polygon veterans as it ramps up tokenized finance push

The Solana Foundation has appointed former Binance executive Rachel Conlan as Chief Strategy Officer and former Polygon Labs veteran Jamal Raees as General Manager for Payments to accelerate its institutional finance and RWA strategy. These strategic hires signal Solana's intent to transition from a retail-focused network to a robust infrastructure layer for tokenized assets and global payments. The foundation is actively courting traditional financial institutions to migrate securities, equities, and stablecoin settlement onto its public blockchain. This push aligns with the "Token Supercycle" vision articulated by President Lily Liu, which anticipates a long-term migration of financial ownership to always-on blockchain rails. Currently, the Solana network has processed over $5 trillion in stablecoin volume year-to-date, demonstrating significant throughput for financial activity. Furthermore, the ecosystem now hosts $4.5 billion in tokenized assets, including over $600 million in tokenized stocks. By leveraging the expertise of Conlan and Raees, the foundation aims to convert institutional interest into tangible implementation for real-world asset use cases. This development underscores the intensifying competition among Layer 1 blockchains to capture the growing market for institutional-grade tokenized finance.

CoinDesk·Sep 24, 20267.5

EU banking watchdog calls for crypto lending rules under MiCA

The European Banking Authority (EBA) has formally recommended that the European Commission integrate crypto borrowing and lending services into the existing Markets in Crypto-Assets (MiCA) regulatory framework. This proposal aims to address the growing prevalence of lending activities across at least 16 EU member states, which the EBA notes are increasingly facilitated by centralized crypto-asset service providers and AI-driven tools. The regulator suggests implementing strict oversight, including mandatory suitability tests for users, leverage limits, and enhanced disclosure requirements for firms. Furthermore, the EBA is exploring potential restrictions on lending involving MiCA-authorized asset-referenced or e-money tokens, alongside a possible certification regime for decentralized finance (DeFi) protocols. By blurring the lines between centralized and decentralized finance, these activities have prompted regulators to seek a more robust legislative approach to consumer protection and market stability. This move signals a significant shift toward formalizing the regulatory perimeter for DeFi-adjacent services within the European Union. If adopted, these changes would impose substantial compliance burdens on any entity providing access to crypto lending, fundamentally altering the operational landscape for RWA-backed lending platforms and DeFi protocols in the region.

lcx.com·Sep 24, 20267.5

Ondo partners with BlackRock to develop tokenized Intelligent Portfolios

Ondo Finance and BlackRock are collaborating to launch seven tokenized model portfolios on September 24, 2026, specifically for non-US investors. These portfolios, categorized into high-income, diversified growth, and high-growth themes, represent baskets of traditional assets including stocks, bonds, and Bitcoin ETFs. By tokenizing these baskets, the initiative allows investors to hold positions on-chain, enabling 24/7 trading, instant settlement, and the ability to use tokens as collateral for borrowing. This development marks a significant evolution from single-security tokenization, such as the previous efforts involving BlackRock’s IVV ETF and Micron Technology shares. The system automates the purchase of underlying ETF shares while providing investors with a productive digital token. With BlackRock’s model portfolio business managing $9.8 trillion in assets as of June 2026, this partnership signals a major shift toward integrating mainstream asset management with blockchain infrastructure. The project highlights the technical complexity of managing on-chain rebalancing and multi-asset tracking, while also navigating the current regulatory landscape that restricts these offerings to non-US participants.

cryptobriefing.com·Sep 24, 20269.0

Tokenized RWA surge to $4T may push LINK to $200 by end

Standard Chartered projects that the tokenized real-world asset (RWA) market will reach $4 trillion by 2028, driving significant demand for decentralized oracle services. According to a report by Geoff Kendrick, the bank's global head of digital asset research, this expansion will necessitate secure external data feeds and cross-chain interoperability. Consequently, Chainlink (LINK) is positioned to capture this growth, with the bank forecasting a potential 25-fold price increase to $200 by 2030. The report highlights that Chainlink is uniquely equipped to handle the privacy-preserving compliance and financial system integrations required for large-scale tokenization. Furthermore, the bank anticipates a 37-fold rise in crypto-native and tokenized assets within decentralized finance, reaching $2.7 trillion by 2030. While Chainlink currently secures $34.4 billion in value, the forecast acknowledges risks such as institutional adoption delays and emerging competition. This analysis underscores the critical role of oracle infrastructure in bridging traditional finance with blockchain-based asset management.

Cointelegraph — DeFi·Sep 24, 20267.5

Nasdaq Eyes Always-On Markets With Tokenized Equities and 23/5 Trading

Nasdaq is advancing its 'always-on' market strategy by integrating tokenized equities and extended trading hours to enhance investor access and market efficiency. President Tal Cohen confirmed that the upcoming Nasdaq Equity Token will be issuer-sponsored, ensuring that economic and governance rights, such as proxy voting and dividends, remain intact for investors. The company has partnered with Kraken to distribute these tokens and utilize Nasdaq’s surveillance technology, aiming to bridge permissioned and permissionless blockchain environments. Nasdaq projects a $3 billion to $6 billion serviceable market for these always-on initiatives by 2030, encompassing trading, asset servicing, and collateral management. Furthermore, the firm is connecting its Calypso collateral-management platform to digital rails like the Canton Network to facilitate real-time margin views and 24/7 collateral mobility. By acquiring the alternative trading system LeveL, Nasdaq intends to expand its execution protocols and international reach while maintaining a strictly regulated framework. This shift represents a significant institutional effort to standardize interoperability between traditional financial markets and blockchain infrastructure.

marketbeat.com·Sep 24, 20269.0

HIFI raises $37 million Series A to expand tokenized capital markets infrastructure

HIFI, a New York-based firm specializing in stablecoin payments and tokenized capital-markets infrastructure, has successfully raised $37 million in a Series A funding round led by Left Lane Capital. The company provides API-driven infrastructure that integrates money movement, regulatory compliance, and settlement across both traditional bank rails and digital asset networks. Currently processing over $7 billion in annualized volume across 87 countries, HIFI intends to use the new capital to expand its product suite and further develop its tokenized market solutions. This funding follows HIFI's strategic participation in the DTCC’s July production trades, which involved tokenized securities alongside major financial institutions like BlackRock, Goldman Sachs, and Nasdaq. Additionally, the company recently partnered with Visa to facilitate stablecoin-funded payouts to over 4 billion cards globally. These developments underscore the growing institutional focus on bridging legacy financial systems with blockchain-based settlement layers. As stablecoin supply exceeds $295 billion, HIFI’s infrastructure plays a critical role in enabling the mainstream adoption of tokenized assets and programmable money.

The Block·Sep 24, 20268.0

UK tokenized deposit platform GBTD conducts first live transactions

The Great British Tokenised Deposit (GBTD) initiative has successfully executed its first live customer transactions, marking a significant milestone for the UK's digital asset infrastructure. Coordinated by UK Finance and built on technology developed by Quant, the platform facilitates interoperability between the distinct tokenized deposit solutions of seven major banks: Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest, and Santander. Unlike many global initiatives focused exclusively on wholesale markets, GBTD is uniquely designed to support retail applications alongside institutional use cases. The pilot program demonstrated the platform's utility in the mortgage sector, specifically utilizing a fund-locking mechanism to secure capital during remortgage completions. This feature allows funds to remain productive and earn interest until the moment of settlement, streamlining the transaction process. By providing a unified messaging and clearing layer, GBTD addresses the fragmentation inherent in multi-bank digital asset ecosystems. This development represents a critical step toward integrating programmable money into the UK's retail banking landscape, potentially setting a standard for future interoperable deposit tokens.

ledgerinsights.com·Sep 24, 20268.0

Hong Kong to Pilot Tokenized Exchange Fund Bills and Regulated Stablecoin Trading

Hong Kong plans to pilot the tokenization of Exchange Fund Bills by the end of 2026, marking a significant expansion of the city's digital asset infrastructure. Secretary for Financial Services and the Treasury Christopher Hui announced that the government will also permit regulated stablecoins to trade on licensed platforms. These initiatives are designed to maintain Hong Kong's competitive edge as a global financial hub, building upon its status as a leader in digital bond issuance. The Hong Kong Monetary Authority will utilize the CMU Omniclear platform to provide comprehensive services for digital bond issuance and settlement. By integrating its own debt instruments on-chain, the government aims to bridge traditional finance with modern digital asset frameworks. This policy shift extends the city's existing regulatory regime from simple spot trading and custody into the broader capital markets. These developments represent a strategic effort to solidify Hong Kong's position as a premier digital asset hub in Asia through institutional-grade adoption.

cryptorank.io·Sep 24, 20269.0

IBM connects Digital Asset Haven to Swift blockchain ledger for tokenized deposit transactions

IBM has integrated its Digital Asset Haven platform with Swift’s blockchain-based shared ledger, enabling financial institutions to conduct tokenized deposit transactions. A new beta ISO 20022 messaging adapter allows banks to utilize existing payment message formats to instruct these transactions, bridging traditional operational processes with blockchain networks. This development supports 24/7 digital asset movement while maintaining final settlement through established financial systems. Additionally, IBM is launching an on-premises beta of Digital Asset Haven for IBM Z and LinuxONE, allowing organizations to manage stablecoins and tokenized deposits within their own data centers. By leveraging IBM Crypto Express hardware security modules, the platform ensures that key management remains entirely under client control. These initiatives reflect a broader industry push to integrate tokenized assets into global financial infrastructure. The collaboration underscores the importance of interoperability between legacy messaging standards and emerging distributed ledger technologies for institutional adoption.

The Block·Sep 24, 20268.5

Barclays, Lloyds and NatWest complete tokenized deposit transactions

Major UK financial institutions including Barclays, Lloyds Banking Group, and NatWest have successfully completed the world's first interbank transactions using tokenized deposits. Facilitated by the UK Finance Great British Tokenised Deposit initiative, the pilot tested the movement of digital representations of sterling across different banking systems for remortgage and person-to-person payments. Unlike previous isolated experiments, this project focused on interoperability, allowing programmable money to remain reserved until specific transaction conditions were met. This development is significant for the RWA market as it demonstrates how commercial bank money can be digitized while retaining its legal status as a bank liability and regulatory protection. By utilizing blockchain infrastructure, the banks aim to reduce fraud risks and improve settlement efficiency for complex financial processes. The initiative, supported by Quant, EY, and Linklaters, serves as a foundational step toward a broader digital asset ecosystem in the UK. Looking ahead, participants plan to expand these capabilities to include digital bond trading and settlement by early 2027.

crypto.news·Sep 24, 20268.5

Raoul Pal Backs BlackRock’s AI Tokenization Thesis, But Notes it Doesn’t Go Far Enough: ‘Everything Will Be a Token’

Macro investor Raoul Pal, CEO of Real Vision, recently critiqued BlackRock's perspective on tokenization, arguing that their focus on money and AI compute is too narrow for the emerging machine economy. BlackRock's whitepaper had highlighted tokenized AI compute as a potential "new large market for digital assets," envisioning autonomous AI agents using stablecoins and blockchains for real-time resource payments. Pal, however, asserted that tokenization will extend far beyond these areas to encompass identity, contracts, attention, energy, and information itself, stating, "Everything will be a token," a thesis he first developed in 2014. He views the current emphasis on tokenized securities as merely the initial stage of a much larger transition, where many new asset classes will emerge. This broader discussion unfolds as the U.S. sees increased interest in tokenization, partly due to the SEC introducing a five-year temporary regulatory pathway for trading certain tokenized U.S. stocks on blockchain-based venues. Experts like Michael Selig are urging U.S. financial markets to prepare for "mass tokenization" and 24/7 on-chain finance, which could enable real-time collateral movement and instant transaction settlement. The total value of tokenized assets has already surpassed $348 billion, with over 310 million asset holders, according to Token Terminal, underscoring the market's rapid expansion. Furthermore, Blockchain.com and NYSE are actively exploring 24/7 tokenized U.S. stocks and ETFs, aiming to bridge traditional finance with blockchain technology.

benzinga.com·Sep 24, 20267.5

Stock-Paired Memecoins / Tokenized Stock Memes: What's the Point? - Arkham

Stock-paired memecoins represent a novel speculative asset class emerging on the Robinhood Chain and Binance Smart Chain that trade against tokenized equities rather than traditional stablecoins or native crypto assets. A prominent example is Artificial Inu ($AI), which is paired directly against tokenized Nvidia ($NVDA) shares within an automated market maker (AMM) liquidity pool. The price of these tokens is determined by the ratio of assets held in the smart contract, yet their fiat value remains tethered to the real-world performance of the underlying stock. When the underlying equity experiences price volatility, the memecoin's dollar value fluctuates proportionally, effectively creating a high-beta, leveraged derivative of the stock. Because the AMM pool reserves only track the relative ratio of the two assets, the mechanism does not require direct interaction with traditional Wall Street order books. This innovation highlights a growing intersection between RWA tokenization and memecoin culture, where blockchain-native liquidity pools are used to amplify speculative exposure to traditional financial assets. The emergence of these products signals a shift in how retail traders utilize tokenized RWAs to gain synthetic, high-volatility exposure to equity markets.

info.arkm.com·Sep 24, 20266.5

Britain's Banks Pick Tokenized Deposits Over Stablecoins. Here's Why the BoE Is Cheering

Major UK financial institutions including Lloyds, NatWest, Barclays, and HSBC have successfully completed the first interbank transfers of tokenized deposits using blockchain technology. This initiative, managed under the UK Finance 'Great British Tokenised Deposit' project, demonstrates the viability of using bank-issued tokens for mortgage transactions and simulated marketplace purchases. Unlike privately issued stablecoins, these tokenized deposits maintain the same legal status as traditional bank deposits, aligning with the Bank of England's preference for regulated, bank-backed digital assets. By utilizing programmable deposits, the pilot aims to reduce fraud risk and enhance settlement efficiency within the existing banking infrastructure. The project is now transitioning toward establishing a formal governing rulebook and a dedicated company to oversee operations. Participating lenders have scheduled the issuance of three digital bonds for the first quarter of 2027, which will be settled using these tokenized deposits. This development signals a significant shift in institutional adoption, positioning the UK as a leader in the global race to modernize financial settlement rails.

BeInCrypto·Sep 24, 20268.5

Securitize Corp (SECZ) Soars to All-Time High Anew, Analysts ‘Highly Bullish’

Securitize Corp. (NYSE:SECZ) reached a new all-time high of $14.86 per share following positive analyst sentiment and recent regulatory developments. Cantor Fitzgerald initiated a buy rating with a $21.20 price target, highlighting the firm's leadership in tokenizing traditional equities. Rosenblatt also raised its price target to $13, citing the SEC's new Innovation Exemption as a critical catalyst for on-chain US equity trading. This regulatory relief allows platforms to issue tokenized representations of publicly traded stocks, provided they maintain shareholder rights and allow companies to object to tokenization. With $319 trillion in global traditional assets and only $39 billion currently on-chain, Securitize is positioned to capture significant market share. The firm currently manages $5 billion in tokenized assets across 23 public blockchains. This shift represents a major milestone for the RWA market as it moves toward integrating traditional equity infrastructure with blockchain rails.

insidermonkey.com·Sep 24, 20268.0

Ethereum vs. Chainlink: Which Will Benefit More From Tokenization?

The tokenization market is currently defined by a strategic divergence between Ethereum, which serves as a primary settlement layer, and Chainlink, which provides essential cross-chain interoperability. Ethereum currently hosts over $15.5 billion in tokenized assets, representing more than half of the $31 billion total market value for non-stablecoin tokenized assets. Meanwhile, Chainlink has become integral to institutional infrastructure through its Cross-Chain Interoperability Protocol (CCIP), facilitating multi-chain asset movement for major entities like BlackRock’s BUIDL fund. Swift has conducted multi-year trials with institutions including Citi, BNP Paribas, and UBS to test blockchain-based asset transfers, consistently utilizing Chainlink’s technology. While Ethereum benefits from direct transaction fees, its supply dynamics are impacted by layer-2 scaling, whereas Chainlink captures value through node operator contracts and institutional service agreements. As financial institutions increasingly adopt a multi-chain approach to asset distribution, Chainlink’s ability to generate revenue across various ledgers positions it as a critical infrastructure layer. This shift highlights a broader market trend where interoperability services may capture more long-term growth than individual settlement ledgers. The ongoing transition from experimental trials to formal, fee-generating contracts remains the primary catalyst for future market valuation in this sector.

247wallst.com·Sep 23, 20267.5