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U.S. Treasuries

Japan's Largest Trust Bank Puts BUIDL-Style Fund on Ethereum

Sumitomo Mitsui Trust Bank (SMTB) has announced a proof of concept to tokenize beneficiary interests of a Cayman Islands-based fund on the Ethereum blockchain. This initiative marks the first time a Japanese trust bank has tokenized an overseas fund interest on a public chain, signaling a strategic shift away from the private network-based real estate products that have historically dominated Japan's security token market. The fund, which holds short-term US-dollar bonds and cash equivalents, aims to replicate the success of established tokenized money market funds like BlackRock's BUIDL and Franklin Templeton's BENJI. By utilizing an offshore vehicle, SMTB intends to bypass current domestic regulatory bottlenecks that prevent onchain settlement for continuously traded funds. The project involves collaboration with Securitize Japan and Fireblocks, with a target issuance window between fiscal 2026 and early 2027. This move is significant as it demonstrates how major financial institutions are leveraging international jurisdictions to accelerate RWA adoption while awaiting domestic legislative updates. Ultimately, SMTB views this offshore experiment as a necessary precursor to its long-term goal of tokenizing yen-denominated Japanese trusts once local regulations evolve.

#Ethereum #Securitize #DigitalSecurities

cryptonews.net·Jul 10, 20268.5

U.S. Treasuries

BlackRock BUIDL Passing $500 Million Shows Tokenized Treasuries Still Have Momentum

BlackRock’s BUIDL fund has officially surpassed $500 million in assets under management, marking a significant milestone for the tokenized treasury sector. This achievement demonstrates that institutional capital is increasingly comfortable utilizing blockchain rails for traditional, yield-bearing assets. By leveraging Securitize as a platform manager, BlackRock provides a familiar institutional framework that bridges the gap between legacy finance and digital infrastructure. The expansion of BUIDL into networks like Arbitrum highlights a growing industry focus on distribution, usability, and cost-efficiency beyond the Ethereum mainnet. This development is critical for the RWA market because it moves tokenization from speculative pilots to scalable, real-world financial products. Rather than requiring investors to adopt new asset classes, BUIDL proves that blockchain technology can effectively modernize the settlement and accessibility of established instruments. Ultimately, this milestone serves as a verifiable data point confirming that institutional interest in on-chain treasuries is gathering measurable, long-term momentum.

#Arbitrum #BUIDL #TokenizedTreasuries

bitcoinist.com·Jul 9, 20268.5

U.S. Treasuries

Securitize Partners with Uniswap to Enable On-Chain Trading — Here’s Why It Matters

Securitize has entered a strategic partnership with Uniswap to facilitate the on-chain trading of BlackRock’s USD Institutional Digital Liquidity Fund. This integration aims to bridge the gap between traditional finance and decentralized finance by providing institutional-grade assets to a broader user base. By enabling the trading of tokenized funds on a decentralized exchange, the collaboration seeks to enhance liquidity options and attract institutional participants to the DeFi ecosystem. While current trading volumes remain unreported, the announcement has generated notable engagement, signaling strong market interest in the intersection of regulated assets and blockchain protocols. This move represents a significant step in the evolution of DeFi, as it incorporates traditional financial instruments into decentralized trading environments. The partnership underscores a broader industry trend where established financial giants leverage blockchain technology to modernize asset distribution and accessibility. Ultimately, this development could strengthen Uniswap's market position by diversifying its offerings with high-quality, institutional-grade digital products.

#RWA #BUIDL #Securitize

coinfomania.com·Jul 9, 20268.5

U.S. Treasuries

BlackRock's Tokenized Treasury Fund BUIDL Yields $7 Million in Dividends

BlackRock's BUIDL fund has distributed $7 million in dividends to investors since its March 2024 launch, demonstrating the rapid growth of tokenized U.S. Treasury products. The fund, which invests in cash, repurchase agreements, and Treasury bills, saw monthly dividend payouts climb from $265,400 in its first month to $2.12 million by July. In April 2024, BUIDL surpassed Franklin Templeton’s BENJI fund to become the largest tokenized government debt fund globally. By July 2024, the fund reached $500 million in total capital, signaling strong institutional appetite for on-chain yield-bearing assets. This milestone underscores a broader industry shift toward real-world asset tokenization as a viable financial infrastructure. The momentum is further supported by Goldman Sachs, which plans to launch three additional tokenized debt products in the U.S. and European markets later this year. These developments highlight the increasing integration of traditional financial instruments into blockchain ecosystems, providing investors with efficient, transparent access to government-backed yields.

#RWA #BUIDL #TokenizedTreasuries

coinmarketcap.com·Jul 9, 20269.5

U.S. Treasuries

25% of tokenized fund assets on Ethereum now deployed in DeFi

The utilization of tokenized fund assets within DeFi protocols on Ethereum has surged from 8% to 25% over the past three years, signaling a shift toward productive on-chain capital. Major financial institutions, including BlackRock, JPMorgan, and UBS, are increasingly tokenizing money market funds and Treasury products to leverage 24/7 settlement capabilities. BlackRock’s BUIDL fund, launched in 2024, serves as a primary example, having been integrated as collateral by protocols like Ethena and Spark before enabling direct trading on Uniswap. Other firms like VanEck have launched funds specifically designed for DeFi collateral utility, moving beyond standalone investment products. This integration improves the quality of collateral within DeFi, replacing speculative assets with high-quality, yield-bearing instruments. However, this transition introduces new systemic risks, including unresolved regulatory frameworks for permissionless interaction and potential infrastructure-level vulnerabilities on Ethereum. As Standard Chartered projects a multi-trillion dollar market, the ability to bridge traditional finance settlement cycles with on-chain liquidity remains a critical development for institutional adoption.

#Ethereum #BUIDL #BlackRock

cryptobriefing.com·Jul 9, 20269.0

U.S. Treasuries

BlackRock’s BUIDL Move To Arbitrum Shows Tokenized Treasuries Are Leaving Ethereum Mainnet Only Mode

BlackRock has expanded its BUIDL tokenized treasury fund beyond the Ethereum mainnet by integrating with the Arbitrum network. This strategic move signals a shift for institutional-grade financial products, which are increasingly prioritizing scalability and cost-efficiency alongside security. By leveraging Layer-2 solutions, BlackRock aims to overcome the high transaction costs associated with the Ethereum mainnet, making tokenized assets more accessible for broader distribution. This expansion highlights that major asset managers are moving past experimental phases to treat tokenization as essential, scalable infrastructure. The integration serves as a significant endorsement for the Arbitrum ecosystem and the broader Ethereum Layer-2 landscape. For the RWA market, this development confirms that tokenized treasuries are evolving into a mature product category rather than remaining a niche crypto-native concept. Ultimately, the transition to multi-chain deployment demonstrates that institutional players are actively optimizing their technical stacks to support the long-term growth of real-world assets.

#Arbitrum #RWA #BUIDL

bitcoinist.com·Jul 9, 20268.5

U.S. Treasuries

Plume brings institutional real-world asset yield to Binance wallet through nBasis vault on Nest

Plume has integrated its nBASIS institutional yield vault into the Binance Wallet, significantly expanding retail access to professional-grade financial strategies. This integration allows users to gain onchain exposure to the Bitwise Crypto Carry Fund, which holds over $225 million in AUM, and the Invesco Short Duration U.S. Government Securities Fund, which manages over $950 million. By leveraging Superstate for tokenization, these funds bring strategies previously reserved for hedge funds and institutional allocators to a broader audience. The move highlights a shift in the crypto industry, where major platforms are increasingly prioritizing RWA yield as a core offering rather than a niche vertical. With tokenized RWA total value locked growing by 420% over the past year, the focus of the sector is transitioning from infrastructure development to distribution. Plume, which serves over half of all RWA holders, aims to dismantle traditional barriers to institutional-grade yield through its compliant, non-custodial vault architecture. This development underscores the growing importance of integrating regulated, transparent financial products directly into high-volume Web3 ecosystems.

#RWA #TokenizedTreasuries #Bitwise

cryptobriefing.com·Jul 9, 20268.5

U.S. Treasuries

66% of Institutions Plan Tokenized Money Market Funds by 2027 : Report

A new report from Global Digital Finance and the International Swaps and Derivatives Association reveals that 66% of financial institutions plan to launch tokenized money market funds by 2027. This shift is driven by the need to solve operational inefficiencies in collateral mobility, as only 33% of firms currently view existing money market processes as efficient. With tokenized assets under management reaching $8.4 billion by May 2026, the sector is rapidly maturing beyond experimental status. Major players like Hashnote, BlackRock, and Franklin Templeton are already leading the market, while J.P. Morgan has recently entered the space with its own liquidity-token funds. The report highlights that 44% of institutions intend to accept these tokenized funds as eligible collateral, signaling a move toward mainstream financial integration. By enabling 24/7 settlement and programmable liquidity, these assets aim to streamline the $1.6 trillion non-cleared margin market. This transition represents a significant evolution in how global capital markets manage collateral, moving away from manual reconciliation toward blockchain-based efficiency.

#InstitutionalFinance #BlackRock #TokenizedMMFs

coingape.com·Jul 8, 20268.5

U.S. Treasuries

Fidelity tokenized fund picks up $20 million Theo buy, onchain US Treasuries still clustered

Theo has invested $20 million into Fidelity International’s tokenized liquidity fund, known as FILQ, marking the first time a crypto-native platform has allocated capital to this specific vehicle. While this investment represents a modest portion of the $14.79 billion total tokenized U.S. Treasury market, it accounts for approximately 36% of FILQ’s total onchain assets. Theo utilizes this position as the second institutional underlying asset for its thBILL product, leveraging infrastructure provided by Sygnum. The transaction highlights a growing trend of institutional-grade assets being integrated into decentralized finance, though distribution remains concentrated with only four holders currently listed for FILQ on RWA.xyz. Fidelity International’s fund, which carries an Aaa-mf rating from Moody’s, utilizes Chainlink for onchain NAV reporting and maintains daily data feeds with JPMorgan Chase. This development underscores the ongoing shift toward tokenized cash equivalents that offer faster settlement times and transparent onchain data for accredited investors outside the U.S. The industry is now closely monitoring whether these products can expand their investor base beyond the current small group of qualified participants.

#RWA #TokenizedTreasuries #Chainlink

ts2.tech·Jul 8, 20266.5

U.S. Treasuries

The 5 types of real world assets being tokenized fastest onchain

The tokenized real-world asset (RWA) market has experienced rapid expansion, reaching $32.22 billion in on-chain value by June 2026, nearly tripling from the previous year. US Treasury products lead this growth, with BlackRock’s BUIDL fund and Franklin Templeton’s BENJI token serving as primary drivers of institutional adoption. Beyond government debt, private credit, tokenized stocks, and commodities are gaining traction, with the latter proving essential for 24/7 price discovery during geopolitical volatility. Major financial infrastructure players like the DTCC are now piloting tokenized securities, signaling a shift toward mainstream integration. While the sector remains small compared to traditional finance, projections suggest DeFi integration for RWAs could rise to 30% by 2030. Regulatory developments, including SEC approvals for tokenized stock settlement, are further accelerating the transition of traditional assets onto blockchain rails. This evolution highlights a fundamental move toward bringing the trust of traditional finance into the high-speed, open environment of decentralized networks.

#Ethereum #RWA #Tokenization

Cointelegraph — RWA Tokenization·Jul 8, 20269.5

U.S. Treasuries

Bitfinex Relaunches Tokenized Bonds on Bitcoin Sidechain

Bitfinex Securities has officially resumed the issuance of tokenized bonds for the Luxembourg-based fund ALTERNATIVE, targeting a fundraising volume exceeding $10 million. These financial instruments are denominated in USDT and utilize the Liquid Network, a Bitcoin sidechain, to facilitate on-chain issuance, coupon payments, and principal repayments. By leveraging Tether's Hadron platform for token management, Bitfinex Securities continues to expand its portfolio, which currently encompasses approximately $250 million in regulated tokenized assets. The platform operates under licenses in the Astana International Financial Centre and El Salvador, providing a comprehensive ecosystem for issuance and secondary market trading. This development highlights the growing integration of stablecoins into traditional debt markets, a trend that has drawn scrutiny from major financial institutions. Bank of America CEO Brian Moynihan has cautioned that such high-yielding digital products could potentially siphon $6 trillion in deposits away from the traditional banking sector. As the industry evolves, the potential for legislative progress, such as the CLARITY Act, remains a critical factor for the future of regulated RWA tokenization.

#RWA #TokenizedBonds #USDT

coinmarketcap.com·Jul 8, 20267.5

U.S. Treasuries

First Redemption of Cross-Border, Cross-Bank Tokenized Treasuries Completed

Ondo Finance has successfully executed the first near real-time, cross-border, and cross-bank redemption of a tokenized U.S. Treasury fund. The pilot involved Ripple redeeming its OUSG holdings on the XRP Ledger, with fiat settlement facilitated by the Mastercard Multi-Token Network and Kinexys by J.P. Morgan. This transaction bypassed traditional banking cut-off windows, demonstrating a unified flow between public blockchain infrastructure and global correspondent banking networks. By integrating these disparate systems, the collaboration proves that tokenized assets can move seamlessly across borders without relying on manual, siloed wire processes. This development is significant for the RWA market as it addresses the critical bottleneck of settlement infrastructure, which has historically limited the efficiency of onchain assets. The framework establishes a scalable model for 24/7 global markets, allowing institutional-grade tokenized products to interact directly with existing bank accounts. Ultimately, this milestone signals a shift toward continuous, automated financial operations that bridge the gap between decentralized ledgers and traditional finance.

#Ondo Finance #XRP #TokenizedTreasuries

marketsmedia.com·Jul 7, 20269.0

U.S. Treasuries

DeFi RWA Sector TVL Surges 200% to $7.44B, Defying Broader Market Slowdown

The decentralized finance sector dedicated to real-world assets experienced a 200% year-over-year surge in total value locked, reaching $7.44 billion in the second quarter of 2024. This growth stands in stark contrast to the broader DeFi market, which saw a 15% decline in TVL during the same period. The expansion is driven by institutional and retail demand for tokenized traditional instruments like U.S. Treasury bonds, private credit, and real estate. Platforms such as Ondo Finance and Maple Finance have successfully attracted yield-seeking investors by offering low-risk alternatives to volatile crypto-native assets. The entry of major financial institutions, notably BlackRock with its BUIDL fund, has further bolstered the credibility and adoption of the sector. This shift signifies a maturation of the DeFi ecosystem, moving toward the integration of regulated financial assets on blockchain rails. While the sector faces ongoing challenges regarding regulatory compliance and oracle reliability, the sustained capital inflows highlight a clear market preference for tangible, yield-generating assets.

#RWA #Tokenization #BlackRock

cryptonews.net·Jul 7, 20268.5

U.S. Treasuries

J.P. Morgan tokenizes $800M in assets on Ethereum across two money market funds

J.P. Morgan Asset Management has successfully migrated approximately $800 million in institutional capital onto the public Ethereum blockchain through two tokenized money market funds. The initiative began with the launch of the MONY fund in December 2025, followed by the JLTXX fund in May 2026. JLTXX experienced rapid adoption, growing its assets under management by 250% within its first month to reach $695 million by July 2026. These funds are backed by U.S. government Treasuries and repurchase agreements, replacing traditional legacy custody systems with blockchain-based tokenization. Early institutional participation includes investment from the federally chartered crypto bank Anchorage Digital. This move signals a significant shift in institutional strategy, moving beyond private, permissioned networks toward public blockchain infrastructure. By scaling to nearly a billion dollars, J.P. Morgan is pressuring traditional asset managers to accelerate their own tokenization efforts from experimental projects into immediate operational realities.

#Ethereum #Tokenization #JPMorgan

cryptobriefing.com·Jul 7, 20269.5

U.S. Treasuries

BlackRock, Citi, 46 firms in tokenized MMF collateral trials with GDF and ISDA

Global Digital Finance and ISDA have released a comprehensive report confirming that tokenized money market funds can function as institutional collateral within the United States. The study involved over 120 firms, including industry giants like BlackRock, Citi, JP Morgan, and Franklin Templeton, alongside clearing houses CME and ICE. Through sandbox simulations conducted by Ownera with 48 participating firms, the group analyzed three distinct tokenization models against ten legal and regulatory dimensions. While the findings suggest these models align with existing frameworks, the report notes that money market funds remain ineligible as variation margin for cleared derivatives. Furthermore, the lack of specific SEC guidance on uncleared initial margin necessitates treating tokenized assets as conventional securities for now. This initiative builds upon recent regulatory clarifications from the CFTC and SEC regarding blockchain-based shareholder records and securities law application. By establishing a clear taxonomy for ownership records, this work provides a critical roadmap for the institutional adoption of tokenized assets in financial markets.

#InstitutionalFinance #BlackRock #Collateral

ledgerinsights.com·Jul 7, 20268.5

U.S. Treasuries

RWA deposits in DeFi surge 200% year-over-year to $7.4B in Q2 2026

Real-world asset (RWA) deposits in decentralized finance protocols experienced a 200% surge, rising from $2.33 billion in Q2 2025 to $7.44 billion in Q2 2026. While total on-chain RWA values reached approximately $23.6 billion by mid-2026, only a small fraction of these assets are currently utilized within open DeFi lending markets. Major institutional players like BlackRock have entered the space with the BUIDL fund, which holds between $2 billion and $2.8 billion in tokenized Treasuries, while Ondo Finance’s USDY product manages over $2 billion. Platforms such as Morpho, Aave, and Pendle are increasingly integrating these stable, yield-bearing assets as collateral to replace volatile crypto assets. Despite this growth, technical barriers like smart contract composability and regulatory hurdles, including KYC requirements, continue to limit broader adoption. The passage of the GENIUS Act has provided necessary regulatory clarity, helping to attract institutional capital that was previously sidelined. With only $2.5 billion of the $30 billion total tokenized RWA base currently deployed in open lending, the sector faces a significant 12x expansion opportunity as these barriers are addressed.

#Ondo Finance #RWA #BlackRock

cryptobriefing.com·Jul 6, 20268.5

U.S. Treasuries

JPMorgan’s JLTXX tokenized money market fund surges 250% in a month to nearly $700M

JPMorgan's JLTXX tokenized money market fund experienced a rapid 250% growth in assets under management, climbing from $200.3 million in May to $694.95 million by July 2, 2026. Launched on May 13, 2026, on the public Ethereum blockchain, the fund serves as a critical tool for institutional liquidity management. It invests exclusively in US Treasuries and overnight repurchase agreements, offering a daily yield of 3.51%. The fund is specifically engineered to assist stablecoin issuers in meeting reserve requirements mandated by the recently passed GENIUS Act. By accepting both cash and stablecoins for subscriptions, JLTXX bridges the gap between traditional finance and crypto-native infrastructure. Its deployment on public Ethereum, rather than a private ledger, marks a strategic shift in how major banks approach on-chain assets. This development highlights the increasing institutional demand for compliant, on-chain yield vehicles that integrate seamlessly with existing digital asset custody solutions like Anchorage Digital.

#Ethereum #Stablecoins #JPMorgan

cryptobriefing.com·Jul 6, 20269.5

U.S. Treasuries

How Scrypt’s On-Chain Treasury Move With BENJI Has Changed Franklin Resources’ (BEN) Investment Story

Franklin Resources is leveraging its BENJI on-chain money fund to modernize its investment narrative amidst ongoing fee pressure and market volatility. The recent integration with Scrypt Swiss AG serves as a strategic move to bolster the firm's blockchain credentials and expand the utility of its tokenized products. This initiative is further supported by a June 2026 partnership with MoonPay, which aims to broaden distribution channels for the BENJI fund. While these developments highlight Franklin's commitment to digital asset innovation, analysts remain divided on whether these efforts will generate significant revenue in the near term. Current financial projections for 2029 estimate revenues of $8.7 billion, though optimistic scenarios suggest potential for $9.3 billion if tokenization efforts scale effectively. The core challenge for Franklin Resources remains balancing the uncertain economic payoff of these digital initiatives against the structural decline in traditional management fees. Ultimately, the success of the BENJI ecosystem will depend on its ability to transition from a technological experiment into a high-margin revenue driver for the firm.

#Tokenization #FranklinTempleton #MoonPay

sahmcapital.com·Jul 6, 20266.5

U.S. Treasuries News

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