#Derivatives

29 articles tagged #Derivatives — curated RWA tokenization coverage.

#Tokenization #TokenizedStocks #RWA #Perpetuals #CantonNetwork #CFTC #Hyperliquid #InstitutionalFinance #Binance #Blockchain

Stocks

Crypto.com Announces Tokenized Stocks, A New Derivative

Crypto.com has launched tokenized stocks, which function as derivative contracts that track the performance of underlying traditional securities without granting direct ownership. These products are regulated under CySEC guidelines through Foris Capital CY Limited, which holds a CIF license to offer such financial instruments. By integrating these derivatives, Crypto.com aims to diversify its platform offerings and attract a broader demographic of investors seeking exposure to equities within a regulated crypto environment. The initiative represents a strategic effort to bridge traditional finance and digital asset trading, though initial market response has been characterized by a wait-and-see approach. Currently, trading volume for these new assets remains low as the market adjusts to the availability of these products. This development is significant for the RWA market as it highlights the ongoing trend of centralized exchanges incorporating regulated synthetic assets to compete with traditional brokerage services. Monitoring user engagement and volume will be critical to determining the long-term viability of these tokenized derivatives on the platform.

#RWA #TokenizedStocks #Derivatives

cryptonews.net·Oct 14, 20266.0

Infrastructure

S&P Dow Jones Completes First Tokenized Index-Referenced OTC Swap on Canton Network

S&P Dow Jones Indices, Kaiko, and Derivnex have successfully executed the first OTC total return swap referencing a fully tokenized index on the Canton Network. The transaction, involving DRW and Marex, utilized the iBoxx USD Liquid Investment Grade Index, which Kaiko tokenized by embedding index data and usage rules directly into the token. By leveraging the Common Domain Model and ISDA standards, the parties managed the entire derivatives lifecycle on a shared, synchronized ledger, effectively eliminating the need for manual reconciliation. This milestone demonstrates how smart contracts can streamline complex, bespoke OTC workflows that traditionally rely on fragmented systems and bilateral communication. The integration allows for real-time valuation and position management, with future plans to incorporate digital cash and collateral settlement on the same infrastructure. While the Canton Network remains a permissioned environment, its adoption by major institutional players highlights a shift toward blockchain-based operational efficiency in traditional finance. Furthermore, Ripple has recently added support for the Canton blockchain, providing institutional custody services for assets on the network, though the two ecosystems remain technically distinct.

#Tokenization #CantonNetwork #InstitutionalFinance

finance.biggo.com·Oct 13, 20268.5

Infrastructure

First OTC swap on Canton Network completed by DRW and Marex

S&P Dow Jones Indices, Kaiko, and Derivnex have successfully executed the first over-the-counter (OTC) total return swap on the Canton Network. The transaction involved DRW and Marex, who utilized a tokenized version of the iBoxx USD Liquid Investment Grade Index. By leveraging the Canton Network, the parties utilized smart contracts to maintain a shared, immutable record of transaction terms and lifecycle events. Kaiko facilitated the tokenization process by integrating benchmark data with specific access permissions and usage rules. This milestone marks the first instance of an OTC derivative referencing a tokenized index on distributed ledger infrastructure. The integration of the Common Domain Model allows for standardized digital representations of complex derivatives, enhancing operational efficiency between counterparties. Future developments aim to integrate digital cash and collateral directly onto the Canton Network to streamline margin and contractual payments. This event signifies a critical step in moving traditional credit market workflows onto interoperable blockchain infrastructure.

#CantonNetwork #InstitutionalFinance #Derivatives

ca.investing.com·Oct 13, 20268.5

Infrastructure

ISDA Reviews Tokenized Money Market Funds as Collateral

The International Swaps and Derivatives Association (ISDA) has released a paper evaluating the eligibility of tokenized money market funds (TMMFs) as collateral for financial transactions, particularly derivatives. This initiative addresses the growing institutional interest in leveraging the liquidity and stability of traditional money market funds alongside the operational efficiencies of blockchain technology. The paper identifies key legal and operational considerations for market participants when posting or taking TMMF shares as collateral. By highlighting areas for potential standardization, ISDA aims to facilitate the integration of these digital assets into existing collateral management frameworks. The organization is actively seeking industry feedback to refine these approaches and determine where further market coordination is required. This development is significant for the RWA market as it provides a pathway for institutional-grade collateral mobility and 24/7 settlement finality. Establishing clear legal standards for TMMFs as collateral is a critical step toward broader adoption of tokenized assets in global derivatives markets.

#Tokenization #Derivatives #CollateralManagement

marketsmedia.com·Oct 7, 20268.0

Infrastructure

Cboe, S&P Dow Jones may explore tokenized options contracts under extended licensing deal

Cboe Global Markets and S&P Dow Jones Indices have extended their licensing agreement for 25 years, securing Cboe's exclusive rights to S&P 500 Index options through 2051. Within this long-term partnership, the firms explicitly identified the potential to collaborate on tokenized options contracts. While no specific product, timeline, or technical architecture was announced, the move signals a strategic shift toward integrating blockchain technology into traditional derivatives markets. Tokenized options could leverage smart contracts to automate collateral management, margin requirements, and settlement processes, potentially reducing reliance on traditional intermediaries. This development follows previous onchain initiatives by S&P DJI, including licensing the S&P 500 to Centrifuge for the SPXA fund and to Trade[XYZ] for perpetual futures on Hyperliquid. By exploring tokenization, these financial heavyweights aim to enhance capital efficiency and accessibility for global investors. The collaboration highlights the growing institutional interest in moving high-volume, regulated financial products onto blockchain rails.

#Blockchain #Derivatives #Cboe

CoinDesk·Sep 29, 20267.5

Infrastructure

U.S. commodities firms can invest in tokenized assets, use blockchain records: CFTC

The U.S. Commodity Futures Trading Commission (CFTC) has issued updated guidance confirming that regulated firms may invest customer funds in tokenized assets, provided these tokens offer legal and economic rights equivalent to their traditional counterparts. This policy shift explicitly permits the use of blockchain technology for official recordkeeping, allowing firms to satisfy regulatory obligations through on-chain data. For private networks, the agency may waive the requirement for off-chain record maintenance, while public, permissionless chains require robust contingency systems to ensure data accessibility during network disruptions. This move represents a significant step toward integrating distributed ledger technology into the derivatives market by providing clear compliance pathways. The guidance arrives as the CFTC seeks to provide regulatory clarity amid legislative uncertainty following the U.S. Senate's failure to advance the Digital Asset Market Clarity Act. By validating the functional equivalence of tokenized assets, the regulator is lowering barriers for institutional adoption of blockchain-based financial instruments. This development underscores a broader trend of U.S. agencies adapting existing frameworks to accommodate the growing RWA ecosystem.

#Blockchain #CFTC #Compliance

CoinDesk·Sep 24, 20269.0

Infrastructure

Binance RWA Perpetuals Capture 97% of Post

Binance Research reports that RWA-linked perpetual futures captured 97% of the U.S. stock opening gap for 16 companies following the September FOMC policy decision. These derivatives allow global traders to price macroeconomic events and individual stock movements during hours when traditional U.S. equity markets are closed. Data indicates that approximately $1.02 billion in trading volume occurred outside regular market hours during this period. Furthermore, 198 TradFi-linked perpetual contracts generated $7.25 billion in volume during the most recent S&P index rebalance. The expansion of these instruments, which grew from one ticker in January to 149 by August, highlights a shift toward continuous price discovery. While these contracts do not provide direct stock ownership, they offer up to 10x leverage and settle in USDT. This trend signifies that RWA-linked derivatives are increasingly serving as a primary venue for market participants to react to major financial developments in real-time.

#RWA #Perpetuals #Derivatives

Blockonomi·Sep 22, 20267.5

Infrastructure

Key facts: NASDAQ:COIN Seeks Exchange for Futures; Tokenized Stocks

Coinbase has filed Form 1-N with the SEC to register Coinbase Derivatives as a national exchange, aiming to list security futures and eventually offer tokenized stocks in the U.S. market. This strategic move follows the SEC's issuance of a five-year Innovation Exemption specifically designed for tokenized securities venues. The proposal seeks to introduce cash-settled perpetual futures on large-cap U.S. stocks, allowing for leveraged long and short exposure without scheduled rollovers. By pursuing this regulatory pathway, Coinbase intends to bridge the gap between traditional equity markets and blockchain-based trading infrastructure. The initiative complements the company's broader expansion into regulated derivatives, including recent launches of crypto and commodity futures in Canada. If approved, this would represent a significant shift in how retail and institutional investors access equity exposure through on-chain venues. The development highlights the ongoing institutional push to integrate tokenized financial instruments into the regulated U.S. securities framework.

#SEC #TokenizedStocks #Derivatives

tradingview.com·Sep 19, 20268.0

Infrastructure

OG.com cleared by SEC to offer single

The North American Derivatives Exchange, operating as OG.com and affiliated with Crypto.com, has received authorization from the U.S. Securities and Exchange Commission (SEC) to offer single-stock futures in the United States. By filing Form 1-N, the platform secured status as a national securities exchange, marking a significant regulatory milestone for bridging traditional capital markets with digital asset innovation. CEO Kris Marszalek confirmed that the exchange is coordinating with both the SEC and the Commodity Futures Trading Commission (CFTC) to facilitate these offerings. This development allows the platform to list single-stock perpetual futures, providing U.S. users with new avenues for equity-based derivatives trading. The move reflects a broader industry trend of crypto-native firms integrating regulated financial products into their ecosystems. Similar initiatives have been observed elsewhere, such as Kraken's partnership with the London Stock Exchange for tokenized UK stocks and Coinbase's expansion into stock perpetual futures. This regulatory clearance underscores the increasing convergence between institutional-grade derivatives and digital asset infrastructure.

#SEC #Derivatives #TradFi

Cointelegraph — Tokenization·Sep 17, 20266.5

Infrastructure

Payward plans to offer U.S. clients onchain perpetual futures on Hyperliquid

Payward, the parent company of Kraken, has announced plans to offer U.S. clients access to onchain perpetual futures markets via the Hyperliquid blockchain. The initiative utilizes Hyperliquid’s HIP-3 framework, which enables third parties to deploy permissioned perpetual futures markets while maintaining onchain trade matching and recordkeeping. These contracts would be listed under the regulatory oversight of Bitnomial Exchange, a designated contract market regulated by the Commodity Futures Trading Commission (CFTC). To participate, U.S. clients must maintain futures accounts with NinjaTrader Clearing, Payward’s registered futures commission merchant. This proposal represents a significant effort to integrate popular, historically offshore perpetual trading products into a regulated U.S. financial structure. By leveraging Hyperliquid’s public blockchain for settlement, the move aims to bridge decentralized infrastructure with institutional compliance standards. The success of this model depends on pending regulatory approval, as perpetual futures have largely remained outside the scope of U.S. regulated markets since their inception.

#CFTC #Hyperliquid #Kraken

CoinDesk·Sep 16, 20267.5

Infrastructure

Ekiden Launches Canton Network’s First Order Book-Based Derivatives Exchange

Ekiden has launched the first order book-based derivatives exchange on the Canton Network, a privacy-enabled, interoperable blockchain designed for institutional finance. This platform leverages the Canton Network's unique architecture to facilitate secure, high-performance trading of tokenized derivatives while maintaining strict institutional compliance and data privacy. By utilizing the Canton Network, Ekiden aims to bridge the gap between traditional financial derivatives and decentralized ledger technology, allowing for atomic settlement and reduced counterparty risk. The integration represents a significant step in the maturation of the Canton ecosystem, which is backed by major financial institutions including Goldman Sachs, Microsoft, and Deloitte. This development matters for the RWA market because it demonstrates the transition of complex financial instruments like derivatives onto institutional-grade blockchains. As liquidity providers and market makers increasingly adopt these privacy-preserving networks, the infrastructure for tokenized assets becomes more robust and scalable. The launch signals a shift toward more sophisticated, on-chain financial products that mirror the functionality of traditional exchanges while benefiting from blockchain-based settlement efficiencies.

#Tokenization #CantonNetwork #InstitutionalFinance

tipranks.com·Sep 12, 20267.5

Infrastructure

Canton Network Gets Its First Order Book-Based Derivatives Exchange as Ekiden Launches Mainnet

Ekiden has officially launched its mainnet, introducing the first order book-based derivatives exchange infrastructure to the Canton Network. This development provides a professional-grade trading layer designed to meet the specific requirements of institutional participants, such as banks, funds, and market makers. By integrating Central Limit Order Book (CLOB) and Request for Quote (RFQ) mechanisms with privacy-preserving technology, Ekiden aims to bridge the gap between traditional capital market workflows and on-chain execution. The platform addresses the limitations of retail-focused DeFi by offering deterministic execution and privacy for sensitive order flow. During its testnet phase, the exchange recorded 1,502 active users and $8.9 million in trading volume, demonstrating significant institutional interest. This launch is a critical step for the Canton ecosystem, as it enables the full lifecycle of derivatives trading to occur on-chain while maintaining compliance and confidentiality. As institutional allocations to digital assets are projected to grow, Ekiden's infrastructure serves as a catalyst for scaling tokenized asset markets.

#Tokenization #CantonNetwork #InstitutionalDeFi

incrypted.com·Sep 8, 20267.5

Active Strategies

Ondo urges SEC, CFTC to bring US stock perpetuals onshore

Ondo Finance has formally petitioned the SEC and CFTC to authorize the domestic offering of perpetual futures tied to individual U.S. stocks. In three comment letters submitted on August 24, the firm argued that existing security futures frameworks are sufficient to regulate these products without requiring new legislation. Ondo contends that modern onchain margining and scheduled funding payments effectively align perpetual contracts with underlying asset prices, mirroring traditional futures functionality. The company currently operates an offshore platform via a Panama-based affiliate that offers stablecoin-settled perpetuals on U.S.-listed equities. This platform has already achieved $8 billion in cumulative trading volume within six weeks of its launch, demonstrating significant market demand. By advocating for an onshore regulatory pathway, Ondo aims to capture the substantial volume currently migrating to offshore venues. As the fourth-largest tokenized RWA manager by distributed value, Ondo's proposal highlights the growing tension between innovative onchain derivatives and current U.S. regulatory boundaries. This initiative represents a strategic effort to integrate high-velocity RWA derivatives into the regulated U.S. financial ecosystem.

#Ondo Finance #CFTC #SEC

Cointelegraph — RWA Tokenization·Sep 2, 20267.5

Active Strategies

Onchain perps capture 15% of futures volume as centralized trading declines

Decentralized perpetual futures platforms have captured approximately 14.9% of the total perpetual trading volume, marking a significant shift in market dynamics over the past 18 months. While centralized exchange (CEX) volumes dropped to $4.41 trillion in May 2026—the lowest level since September 2024—onchain platforms demonstrated greater relative resilience. Hyperliquid currently leads the sector, maintaining 30-day trading volumes between $180 billion and $245 billion and previously commanding over 70% of the onchain market share. Emerging competitors such as Aster and Lighter are now challenging this dominance, with Aster capturing 14.9% of weekly onchain volume in September 2025. This transition is supported by data from DefiLlama and analysis from Pantera Capital, highlighting a growing institutional interest in decentralized infrastructure. The shift is largely driven by a preference for non-custodial trading, which allows users to retain control of their assets following historical CEX failures. This trend underscores a broader migration toward transparent, onchain financial primitives as the derivatives market undergoes a structural reshaping.

#Hyperliquid #DeFi #Perpetuals

cryptobriefing.com·Aug 17, 20267.0

Stocks

Crypto.com rolls out tokenized stock derivatives as crypto exchanges push into equities

Crypto.com has launched tokenized derivatives tracking 1,500 U.S. equities and ETFs, allowing eligible users in the European Economic Area to gain synthetic exposure to assets like Apple, Nvidia, and Tesla. These products, issued by Foris Capital CY Limited, enable 24/7 trading with positions starting at $1, though they do not grant legal ownership or voting rights associated with traditional shares. The underlying assets are held by U.S. broker-dealer Alpaca, leveraging the MiFID license Crypto.com acquired through its May 2025 purchase of Foris Capital. This expansion reflects a broader trend among major crypto exchanges to bridge the gap between digital assets and traditional financial markets. With the tokenized stock market reaching $2.49 billion in value—a 600% increase over the past year—the sector is rapidly evolving toward the $2.6 trillion valuation projected by Citi for 2030. The move highlights the growing competition between synthetic derivative models and issuer-sponsored onchain shares. As infrastructure providers like the DTCC and major exchanges explore tokenization, the industry faces ongoing regulatory scrutiny regarding market integrity and the distinction between synthetic tracking and direct asset ownership.

#RWA #TokenizedStocks #Derivatives

CoinDesk·Aug 12, 20267.5

Stocks

What Is a Tokenized Stock? From Fractionalized Shares to Perpetual Contracts

Tokenized stocks represent a bridge between traditional equity markets and blockchain technology by allowing digital exposure to shares like Apple or Tesla. These assets are typically structured as spot tokens backed 1:1 by physical shares held by regulated custodians, or as synthetic derivatives and perpetual contracts. By utilizing blockchain infrastructure, these instruments enable 24/7 trading, fractional ownership, and global accessibility, bypassing the limitations of traditional stock exchange hours. However, investors must distinguish between these digital representations and actual equity, as tokenized versions often lack voting rights and dividend payments. The regulatory landscape remains fragmented, with the U.S. SEC still evaluating frameworks while regions like Singapore and Hong Kong utilize regulatory sandboxes. Platforms such as Ondo and Hyperliquid have already introduced perpetual contracts for stocks, including pre-IPO assets like SpaceX. Ultimately, the growth of this market depends on evolving global regulations, technological maturity, and institutional adoption to ensure liquidity and security for participants.

#RWA #Blockchain #TokenizedStocks

litefinance.org·Aug 3, 20267.5

Active Strategies

RWA perps will outpace tokenization

The financial landscape is shifting as perpetual futures (perps) for real-world assets (RWAs) begin to outpace traditional tokenization in volume and growth. While tokenized assets have reached $34 billion in value, RWA perp volume surged to $347 billion in May 2026, representing a 1,472x increase from early 2025. Platforms like Hyperliquid are facilitating this growth by offering 24/7 trading access, which allows market participants to react to global events outside of traditional market hours. Unlike tokenized spot assets, which face significant legal and regulatory hurdles, perp markets are easier to launch and provide synthetic exposure to commodities and AI equities. Data shows that while spot tokenization maintains a larger user base of 180,845 wallets, perp holders are growing at a faster monthly rate of 33%. The accuracy of these synthetic markets is evidenced by pre-IPO perp pricing, which successfully predicted the Cerebras Nasdaq listing price within 1%. As retail brokerages like Robinhood begin integrating these products, perps are positioned to become the primary vehicle for trading diverse asset classes globally.

#RWA #Tokenization #Hyperliquid

CoinDesk·Jul 31, 20267.5

Commodities

Binance launches regulated gold, silver options through ADGM exchange

Binance has launched USDT-settled options for gold and silver through its Abu Dhabi Global Market-regulated entity, Nest Exchange Limited. This expansion allows traders to gain exposure to precious metal price movements without requiring physical delivery of the underlying assets. The platform restricts retail users to buying options to mitigate downside risk, while institutional participants are permitted to write contracts to collect premiums. This development follows the introduction of gold and silver perpetual futures on the exchange earlier this year. The move highlights a broader trend of integrating traditional commodity exposure into crypto-native trading environments. While Binance focuses on derivative-based exposure, the broader RWA market continues to see growth in direct tokenized bullion, such as Tether's XAUt. With the tokenized commodities sector reaching approximately $4.56 billion in distributed value, these regulated offerings represent a significant step in bridging traditional finance and digital asset infrastructure.

#TokenizedGold #Commodities #Derivatives

Cointelegraph — RWA Tokenization·Jul 29, 20267.5

#Derivatives

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