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U.S. Treasuries

Ondo Pushes USDY Deeper Into Solana DeFi

Ondo Finance is expanding the utility of its USDY token within the Solana ecosystem by integrating the asset into various decentralized finance protocols. Unlike traditional stablecoins, USDY is a yield-bearing product backed by short-term U.S. Treasuries and bank deposits, requiring a distinct approach to onchain collateral management. By enabling USDY to function as productive collateral in lending and liquidity venues, Ondo aims to move beyond simple issuance volume toward active asset utility. Solana is the chosen venue for this expansion due to its high-speed settlement and low transaction costs, which facilitate the circulation of institutional-grade assets. This integration allows DeFi protocols to incorporate lower-volatility, yield-generating building blocks alongside native crypto assets. The strategy highlights the broader industry shift toward making regulated, real-world assets composable within existing onchain workflows. Maintaining deep liquidity and strict compliance remains the primary challenge as these assets become more deeply embedded in decentralized markets.

#Solana #Ondo Finance #TokenizedTreasuries

tradingview.com·Sep 24, 20267.5

U.S. Treasuries

What Is Ondo Finance (ONDO)? The Ultimate Guide to Real-World Assets (RWA)

Ondo Finance operates as a decentralized protocol that bridges traditional financial markets with blockchain technology by tokenizing institutional-grade assets like U.S. Treasuries and global equities. Founded in 2021 by former Goldman Sachs professionals, the platform enables 24/7 on-chain trading and yield generation without traditional settlement delays. The protocol utilizes a three-step process involving regulated custody, one-to-one on-chain minting, and transparent yield distribution through accumulating or rebasing models. Key products include USDY, a permissionless yield-bearing token, and OUSG, which provides exposure to BlackRock's BUIDL fund. By early April 2026, the protocol's total value locked surpassed $3 billion, demonstrating significant institutional adoption across Ethereum and BNB Chain. This growth highlights a shift toward using provable, auditable cash flows from government bonds and equities rather than speculative crypto-native rewards. The platform's focus on compliance and regulated custody serves as a critical infrastructure layer for institutional allocators entering the RWA space.

#Ondo Finance #RWA #Tokenization

mexc.com·Sep 24, 20268.0

U.S. Treasuries

Raoul Pal: The endgame of tokenization isn't stocks on-chain, but "everything can be priced"

Raoul Pal reflects on his 2014 prediction that blockchain would become a global ownership ledger, noting that while the vision shifted from Bitcoin to programmable chains, the core thesis of tokenizing everything is now materializing. The RWA market has evolved from a theoretical concept into a functional infrastructure, with tokenized U.S. Treasury funds reaching $14.8 billion as of September 20. Major institutions including BlackRock, Franklin Templeton, and JPMorgan are actively issuing these products, while firms like Robinhood and Kraken have introduced 24/7 tokenized equity trading. Regulatory progress has accelerated, with the SEC approving Nasdaq and NYSE rules for tokenized securities, and the DTCC facilitating the minting process. Pal argues that the current focus on trading existing assets like stocks is merely the first phase of a much larger shift toward a machine-readable economy. He posits that as AI agents become the primary economic participants, tokens will serve as essential information carriers for identity, contracts, and compute power. This transition represents a fundamental upgrade to global financial pipelines, promising faster settlement and broader access to capital markets.

#RWA #Tokenization #BlackRock

techflowpost.com·Sep 23, 20267.5

U.S. Treasuries

Franklin Templeton Expands BENJI Tokenization Platform to BNB Chain

Franklin Templeton has expanded its Benji Technology Platform by integrating with BNB Chain to increase the accessibility of its tokenized investment products. The platform currently manages the Franklin OnChain U.S. Government Money Fund, which has reached $732 million in assets under management since its initial launch on the Stellar network in 2021. By leveraging BNB Chain's infrastructure, the asset manager aims to provide greater utility for its tokenized assets while maintaining strict compliance and security standards. This move highlights a broader trend of institutional players seeking to distribute traditional financial products across multiple blockchain ecosystems. Roger Bayston, head of digital assets at Franklin Templeton, noted that the strategy focuses on meeting investors within their preferred active environments. Sarah Song of BNB Chain emphasized that this partnership validates the network's capacity to handle regulated real-world assets at a significant scale. The integration marks a notable step in the ongoing institutional adoption of blockchain technology for the management and distribution of traditional financial instruments.

#Tokenization #FranklinTempleton #BNBChain

coinmarketcap.com·Sep 23, 20268.0

U.S. Treasuries

MoonPay Expands Access to WisdomTree Tokenized Funds

MoonPay has partnered with WisdomTree to integrate its payment infrastructure into the WisdomTree Prime digital investment platform, significantly expanding retail access to tokenized financial products. This collaboration connects over 30 million MoonPay registered accounts to WisdomTree's Government Money Market Digital Fund, known by the ticker WTGXX. By enabling familiar payment methods like card payments and bank transfers, the partnership aims to lower the technical barriers for retail investors entering the blockchain-based investment space. The initiative highlights a strategic shift in the RWA market from product creation toward improving distribution and user onboarding. As major financial institutions continue to develop tokenized money market and Treasury products, efficient payment rails are becoming essential for mass adoption. This integration serves as a practical example of bridging traditional finance with blockchain infrastructure while maintaining regulatory compliance. Ultimately, the move underscores the industry's focus on making tokenized ownership as accessible as conventional investment vehicles to drive broader market participation.

#Tokenization #MoonPay #WisdomTree

cointrust.com·Sep 21, 20267.5

U.S. Treasuries

Crypto Holds Firm: How Tokenization Is Navigating Rate Hikes and Regulatory Setbacks

Despite macroeconomic headwinds from a Federal Reserve interest rate hike to 3.75%–4% and the failure of the CLARITY Act in the Senate, the tokenized real-world asset (RWA) market has demonstrated significant resilience. Data from RWA.xyz as of September 19 indicates approximately $38.50 billion in distributed RWA value on public blockchains, excluding stablecoins, with a broader represented asset value reaching $368.13 billion. This growth suggests that blockchain-based financial infrastructure is increasingly attracting capital independent of traditional speculative crypto cycles. Institutional interest remains anchored in products like BlackRock’s BUIDL, Circle’s USYC, and Ondo’s USDY, which provide regulated exposure to short-term government debt. While legislative progress remains stalled, the SEC has provided conditional relief for trading tokenized National Market System stocks, signaling a shift toward practical regulatory integration. The durability of these assets highlights a transition where tokenization is valued for improved settlement speed, reduced reconciliation costs, and 24/7 availability. Ultimately, the sector is evolving into a functional financial layer that persists even when monetary policy and political conditions create market pressure.

#RWA #Tokenization #SEC

cryptotimes.io·Sep 20, 20267.5

U.S. Treasuries

BlackRock Adds Tokenised Share Classes to European UCITS MMFs

BlackRock has expanded its digital asset strategy by launching twelve tokenized share classes across six of its existing UCITS-regulated money market funds. These share classes, available in EUR, GBP, and USD, utilize the Ethereum blockchain to provide 24/7 peer-to-peer transferability and real-time settlement visibility. The initiative leverages Kinexys by J.P. Morgan as the tokenization layer, which acts as a bridge between on-chain activity and the fund's traditional transfer agent infrastructure. By utilizing established UCITS structures, BlackRock aims to lower adoption barriers for institutional investors while maintaining regulatory continuity. This move represents the most significant institutional tokenized fund launch in Europe to date, targeting use cases such as corporate treasury optimization and digital collateral management. The integration of these funds into tokenized ecosystems addresses inefficiencies in traditional T+1 settlement cycles. Ultimately, the success of this deployment will depend on the speed at which custodians and treasury platforms integrate with the Kinexys infrastructure.

#Ethereum #Kinexys #BlackRock

thefintechtimes.com·Sep 20, 20269.5

U.S. Treasuries

WisdomTree Brings Tokenized Treasury Fund to MoonPay’s 35 Million Accounts

MoonPay has expanded its digital asset payment infrastructure by integrating WisdomTree’s tokenized treasury fund into its PayBox vault system. This development allows AI assistants, including ChatGPT and Claude, to facilitate interactions with real-world financial assets directly through the MoonPay interface. By bridging the gap between generative AI and regulated financial products, the initiative aims to simplify the acquisition and management of tokenized U.S. Treasuries for a broader user base. The integration leverages MoonPay's existing payment architecture to provide a seamless bridge for users to access WisdomTree's institutional-grade investment vehicles. This move represents a significant step in the convergence of artificial intelligence agents and the tokenized real-world asset market. By enabling AI-driven access to yield-bearing assets, MoonPay is positioning itself as a critical middleware provider for the future of automated finance. The expansion underscores the growing institutional demand for integrating tokenized government debt into consumer-facing digital platforms.

#Tokenization #MoonPay #U.S.Treasuries

crypto-economy.com·Sep 18, 20267.5

U.S. Treasuries

Spiko ranks sixth among RWA issuers with $2.5B in tokenized assets

Paris-based tokenization platform Spiko has emerged as a significant player in the RWA sector, currently managing approximately $2.55 billion in on-chain assets. By offering nine active funds that include Eurozone T-bills, US Treasury bills, and UK gilts, the firm has secured a position among the top six global RWA issuers. The platform utilizes a UCITS-compliant structure, ensuring regulatory alignment within the European Union under the supervision of France’s AMF. Institutional-grade custody is provided by BNY Mellon and CACEIS, with audits conducted by PwC. Spiko distributes these assets across the Stellar, Arbitrum, Ethereum, and Polygon blockchains, with Stellar hosting the majority of the volume at $1.6 billion. The platform serves 15,680 KYC-verified holders, reflecting a growing institutional appetite for compliant, blockchain-native government debt products. This rapid growth, which saw the firm double its AUM since early 2026, highlights the increasing viability of tokenized fund shares for traditional asset managers.

#RWA #Stellar #TokenizedFunds

cryptobriefing.com·Sep 18, 20267.5

U.S. Treasuries

Fireblocks Confirms Tokenized US Treasuries in Live

Fireblocks has officially confirmed that tokenized U.S. Treasuries are now live in production, marking a significant milestone for institutional digital asset trading. The initiative follows the Depository Trust Company (DTC) issuing these tokens in July, enabling live production trades within a secure framework. While current market activity shows no recorded trading volume in the last 24 hours, the development establishes a foundation for increased transparency and efficiency in government debt markets. By integrating traditional financial instruments with blockchain technology, the move aims to enhance liquidity and accessibility for institutional participants. Fireblocks serves as the infrastructure provider, emphasizing secure key management as a critical component of this new ecosystem. This integration represents a broader trend of traditional finance firms adopting blockchain to modernize financial operations. The success of this project will likely depend on future institutional adoption and the evolution of regulatory oversight regarding digital asset custody.

#Tokenization #InstitutionalFinance #U.S.Treasuries

coinfomania.com·Sep 16, 20268.5

U.S. Treasuries

USTB:ASX Announcement - Annual Statements 2026 - 16 Sep 2026

The ASX-listed USTB (Global X US Treasury Bond ETF) has released its annual financial statements for the 2026 fiscal year, providing transparency into its underlying asset holdings and operational performance. As an exchange-traded fund providing Australian investors with exposure to U.S. Treasury bonds, the report details the fund's net asset value, management fees, and distribution history. This disclosure is critical for the RWA market as it highlights the ongoing integration of traditional sovereign debt instruments into accessible, regulated investment vehicles. By maintaining rigorous reporting standards, the fund reinforces investor confidence in the stability and liquidity of tokenized or ETF-wrapped government debt products. The availability of such data allows market participants to better assess the risk-adjusted returns of U.S. Treasuries within a global portfolio context. This annual filing serves as a benchmark for the operational maturity required to bridge traditional finance with digital-first investment structures. Ultimately, the continued performance of such instruments validates the demand for high-quality, yield-bearing assets that underpin the broader RWA ecosystem.

#ETF #U.S.Treasuries #GlobalX

marketindex.com.au·Sep 16, 20267.0

U.S. Treasuries

Centrifuge: Fixed-income market with JTRSY, JAAA and HYB goes live on Arc at mainnet launch - 16 Sep 2026

Centrifuge has officially launched its fixed-income market on the Arc network, integrating tokenized real-world assets directly at the mainnet genesis block. The platform debuts with three core asset classes: JTRSY (Treasuries), JAAA (AAA-rated CLOs), and HYB (high-yield bonds). This strategic deployment is supported by institutional partners JHI Advisors and New York Life Investment Management, ensuring the network begins with income-producing collateral rather than an empty state. By embedding these assets at launch, Arc aims to provide immediate utility and liquidity for its ecosystem participants. The integration of high-yield bonds specifically expands market access to a new blockchain environment, bridging traditional finance with decentralized infrastructure. This move signals a shift toward prioritizing functional, yield-bearing assets as the foundation for new institutional-grade networks. Ultimately, the launch demonstrates how established asset managers are leveraging Centrifuge's infrastructure to bring regulated financial products onchain from day one.

#Centrifuge #RWA #TokenizedTreasuries

tradingview.com·Sep 16, 20268.0

U.S. Treasuries

Grove Basin enables instant stablecoin liquidity for tokenized treasuries

On May 14, 2026, Grove Labs launched Grove Basin, a noncustodial credit facility designed to provide up to $1 billion in daily stablecoin liquidity for tokenized real-world assets. This infrastructure addresses the critical issue of settlement lag by providing immediate onchain stablecoin payouts upon transaction approval, while the underlying asset movement settles on a separate schedule. By integrating with the Sky ecosystem, the platform leverages established stablecoin infrastructure to facilitate these rapid redemptions and transfers. The initial rollout supports major tokenized money market funds, specifically BlackRock’s BUIDL and Janus Henderson’s JTRSY. Institutional partners including Anchorage Digital, Galaxy Digital, and FalconX provide the necessary backing for this liquidity facility. This development is significant as it targets the $15 billion tokenized U.S. Treasury and money-market sector, which has grown nearly fourfold since early 2025. By removing friction for institutional managers, Grove Basin aims to increase the utility and adoption of tokenized assets within the broader financial ecosystem.

#Stablecoins #BUIDL #SkyEcosystem

cryptobriefing.com·Sep 15, 20268.0

U.S. Treasuries

6 Most Stable Tokenized Asset Backings for Low-Volatility Corporate Cash Equivalents

The enactment of the GENIUS Act in July 2025 has transformed corporate liquidity management by legitimizing on-chain instruments for institutional treasury operations. By utilizing programmable rails, corporations are now optimizing idle cash through low-volatility assets like short-term U.S. Treasuries, overnight repo agreements, and bank deposits. Major institutions such as J.P. Morgan have expanded blockchain-based deposit accounts, while Mitsubishi Corporation has adopted similar infrastructure for internal cash management. BlackRock’s BUIDL fund has reached $2.8 billion in assets, representing a significant portion of the $15.1 billion tokenized Treasury market. Furthermore, the SEC’s August 2026 no-action letter regarding Franklin Templeton’s BENJI token allows for broader use of tokenized shares as collateral. These developments provide a regulatory-compliant framework that mitigates the risks previously associated with crypto-native assets. This shift signals a maturation of the RWA market, where programmable settlement and capital preservation are now prioritized for corporate balance sheets.

#BUIDL #Tokenization #BlackRock

financefeeds.com·Sep 14, 20268.0

U.S. Treasuries

Centrifuge to release RWA report on tokenized money market funds’ structural differences

Centrifuge is preparing to release a comprehensive report analyzing the structural disparities among tokenized treasury and money market funds, which have grown to $14.2 billion in total assets under management by mid-2026. While these funds often hold identical underlying U.S. Treasury assets, the report highlights significant variations in fee structures, redemption timelines, and DeFi composability. Data from Centrifuge’s Tokenization Outlook 2026 reveals that 86% of industry operators identify distribution as their primary challenge, while only 12% of tokenized assets currently possess the technical composability required for seamless DeFi integration. The analysis underscores a critical tension between the desire for yield-bearing cash equivalents and the regulatory reality that classifies these products as securities, necessitating KYC and transfer restrictions. Centrifuge’s own flagship offerings, such as the Janus Henderson Anemoy Treasury Fund (JTRSY), demonstrate efforts to improve transparency through onchain NAV reporting. As the market matures, the report argues that investors must look beyond uniform yields to evaluate the specific plumbing and liquidity constraints of individual tokenized wrappers. This shift in focus is essential for the industry to move beyond the current state where many assets exist onchain but remain isolated from the broader decentralized ecosystem.

#Centrifuge #RWA #TokenizedTreasuries

cryptobriefing.com·Sep 14, 20267.5

U.S. Treasuries

Centrifuge assets go live on X Layer, expanding DeFi access to tokenized Treasuries and CLOs

Centrifuge has expanded its real-world asset tokenization platform to X Layer, the Ethereum Layer 2 blockchain developed by OKX. This integration introduces two institutional-grade products, deJTRSY and deJAAA, which provide exposure to short-duration US Treasuries and AAA-rated collateralized loan obligations, respectively. By launching on X Layer, Centrifuge gains access to a massive ecosystem of over 120 million users and a stablecoin supply exceeding $2 billion. The deployment follows a strategic partnership between Centrifuge and OKX’s Exchange OS, designed to streamline infrastructure sharing across different blockchain networks. Since its inception in 2017, Centrifuge has facilitated over $1.3 billion in tokenized assets, collaborating with major financial institutions like Apollo and S&P Dow Jones Indices. The expansion into Para-powered wallets in August 2026 further reduces friction for users seeking to interact with these yield-bearing instruments. This move highlights the intensifying competition in the RWA sector as protocols vie for institutional capital alongside established players like BlackRock and Franklin Templeton.

#Centrifuge #RWA #DeFi

cryptobriefing.com·Sep 14, 20267.5

U.S. Treasuries

Real-World Assets Hit $10B On-Chain, Reshaping How Capital Moves

The tokenized real-world asset (RWA) sector reached a $10 billion on-chain market capitalization by June 2026, hitting a milestone analysts previously projected for 2027 or 2028. This rapid growth, doubling from $5 billion in just 14 months, is driven by maturing infrastructure, clearer global regulations, and institutional demand for blockchain-native settlement. Tokenized U.S. Treasuries remain the dominant asset class, with products like BlackRock’s BUIDL and Ondo Finance’s OUSG/USDY providing yields that have structurally repriced DeFi lending markets. Beyond Treasuries, private credit protocols like Centrifuge and Maple Finance now account for 30% of non-Treasury RWA value. Geographic demand is diversifying, with Indian exchanges offering tokenized U.S. equities to bypass traditional brokerage friction and currency controls. Key technical enablers include the ERC-3643 compliance standard, institutional custody from providers like Fireblocks, and cross-chain interoperability via Chainlink CCIP. As the market scales, the increased correlation between tokenized assets and DeFi liquidity introduces new structural risks that differ from the isolated failures seen when the sector was sub-$2 billion. This shift marks the transition of RWA tokenization from a niche experiment to a meaningful component of global financial infrastructure.

#Ethereum #RWA #ERC-3643

yellow.com·Sep 13, 20268.0

U.S. Treasuries

Tokenized RWAs Are Up 589% And Nobody In Crypto Is Talking About It

The tokenized real-world asset (RWA) sector experienced a 589% surge in active issuance between January 2025 and May 2026, growing from $2.9 billion to nearly $20 billion. Binance Research identifies 2026 as the maturation year for the industry, driven by institutional demand for programmable yield and improved regulatory clarity in the U.S. and EU. BlackRock’s BUIDL fund on Ethereum served as a primary catalyst, reaching $1.7 billion in assets and validating the use of public blockchains for institutional-grade products. Tokenized U.S. Treasuries currently dominate the market, accounting for $9.6 billion of the total, with major players like Ondo Finance and Franklin Templeton leading the space. Simultaneously, tokenized private credit has rebounded to $4.1 billion in TVL, supported by improved underwriting and institutional participation. Ethereum remains the dominant infrastructure, hosting 68% of all active RWA value due to its established custodian tooling and DeFi composability. This shift signifies a structural transition where traditional finance firms increasingly adopt on-chain rails for asset management and settlement.

#Ethereum #RWA #PrivateCredit

yellow.com·Sep 13, 20268.5

U.S. Treasuries News

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