#DLT

48 articles tagged #DLT — curated RWA tokenization coverage.

#Tokenization #India #CBDC #CorporateBonds #TokenizedDeposits #Eurosystem #SEBI #ECB #InstitutionalFinance #TokenizedBonds

Infrastructure

The SEC Wrote Tokenized Securities Rules 47 Years in the Making. The Market Had Already Moved.

On September 1, 2026, the SEC issued Release 34-106246, marking the first comprehensive update to transfer agent regulations since the 1980s to formally accommodate blockchain technology. This proposal establishes a technology-neutral framework that allows transfer agents to maintain master securityholder files on distributed ledgers while imposing strict risk management and cybersecurity requirements. The move follows significant industry momentum, including the DTCC's July 2026 launch of its Tokenization Service involving major institutions like BlackRock, Goldman Sachs, and JPMorgan. By updating Form TA-2 to require annual disclosures of DLT-serviced issues, the SEC is creating a transparent map of the tokenized asset footprint. The proposal addresses technical challenges such as record retention on immutable ledgers, requesting industry feedback before the November 3, 2026, deadline. With $15.6 billion in monthly tokenized volume as of September 2026, this regulatory enablement provides the legal certainty necessary for institutional capital to transition from pilot programs to full-scale production. This shift effectively positions the transfer agent as the primary gatekeeper for the evolving on-chain financial ecosystem.

#SEC #DTCC #TokenizedSecurities

finance.yahoo.comAdded: Oct 10, 20269.5

Infrastructure

Dutch central bank, regulator call for legal change to keep up in tokenization race

The Dutch central bank, De Nederlandsche Bank (DNB), and the Authority for the Financial Markets (AFM) have issued a formal call for legislative reform to support natively digital securities in the Netherlands. While tokenization is currently permitted, the existing legal framework fails to recognize natively digital issuance, forcing Dutch firms to utilize foreign jurisdictions for such operations. The regulators highlight that the EU DLT Pilot Regime is insufficient because it grants infrastructure exemptions without resolving the underlying legal status of tokens under national law. To remain competitive, the Netherlands must align with peers like Germany, Luxembourg, and France, which have already amended their laws to recognize distributed ledgers as valid records of ownership. The paper also expresses caution regarding the European Commission's proposed 28th regime, warning that it could introduce redundant legal layers if not implemented comprehensively. This regulatory bottleneck underscores the broader European challenge of reconciling technology-neutral laws with financial market infrastructures that implicitly assume traditional, centralized designs. Addressing these legal gaps is essential for the Netherlands to participate effectively in the growing global market for tokenized financial assets.

#Tokenization #DLT #EURegulation

ledgerinsights.comAdded: Oct 8, 20267.5

Infrastructure

Citi sees tokenisation driving shift to real-time treasury and capital markets

Citi Services is actively transitioning global financial infrastructure from legacy batch-processing systems to an always-on, event-driven model using blockchain and tokenization. The bank has deployed Citi Token Services, a private permissioned blockchain platform, which currently processes approximately US$1 billion in daily transactions across seven markets including the US, UK, and Singapore. By enabling near-instantaneous cross-border movement of tokenized deposits, Citi allows corporate treasurers to mobilize liquidity dynamically, bypassing traditional banking cut-off times and weekend closures. This initiative has been further bolstered by integrating tokenized cash solutions with Citi’s 24/7 USD Clearing network, connecting over 300 financial institutions globally. Beyond cash, the bank is expanding its Custody+ platform to include native digital asset custody, including Bitcoin, and has pioneered tokenized depositary receipts on the SIX blockchain. These developments represent a strategic shift to provide institutional clients with the speed of digital assets while maintaining the regulatory rigor of traditional banking. This evolution is critical for the RWA market as it establishes the necessary rails for seamless, real-time settlement of tokenized securities and trade instruments at a massive institutional scale.

#Blockchain #TokenizedDeposits #InstitutionalFinance

theedgemalaysia.comAdded: Oct 5, 20268.5

Infrastructure

India’s RBI stays cautious on crypto, backs tokenization

The Reserve Bank of India (RBI) continues to maintain a strict regulatory divide between private cryptocurrencies and institutional tokenization efforts. RBI Governor Sanjay Malhotra emphasized that while the central bank remains cautious toward private digital assets due to risks regarding monetary sovereignty and capital flow management, it actively promotes distributed ledger technology and tokenization for regulated financial instruments. The RBI is currently advancing projects involving programmable central bank digital currencies (CBDCs), tokenized certificates of deposit, and corporate bonds settled via the wholesale digital rupee. Notably, the Securities and Exchange Board of India (SEBI) recently launched the Demat 2.0 pilot, which successfully utilized DLT for securities records while settling cash legs through central bank money. Recent tokenized bond issuances by REC, Larsen & Toubro, and IIFL totaled ₹1,025 crore, demonstrating the practical application of these technologies within India's existing legal framework. This dual-track approach allows the government to leverage blockchain for financial efficiency and settlement finality while simultaneously enforcing anti-money laundering regulations on offshore crypto platforms. By prioritizing the 'singleness of money,' the RBI aims to integrate tokenized assets into the sovereign financial system rather than allowing private alternatives to disrupt domestic monetary policy.

#Tokenization #DLT #CBDC

crypto.newsAdded: Oct 4, 20268.0

Infrastructure

How tokenized collateral changes collateral management

EY and Transcend have published a joint analysis detailing how the emergence of distributed ledger technology (DLT) is creating a dual-rail system for collateral management. While traditional infrastructure relies on custodians and central securities depositories, tokenized assets are introducing new digital rails that promise faster settlement and improved liquidity. This shift forces financial institutions to navigate a complex environment where they must manage assets across both legacy systems and digital networks simultaneously. The report highlights that tokenization offers significant benefits, such as 24/7 mobilization and near-instant repurchase agreements, but warns that it also introduces new operational challenges. Firms must now solve for dynamic routing decisions, considering factors like counterparty acceptance, wallet structures, and varying settlement speeds. Ultimately, the authors argue that success depends on building unified operating models that provide visibility across both traditional and tokenized environments. This evolution is critical for the RWA market as it moves beyond experimentation into practical institutional use cases for collateral mobility.

#Tokenization #InstitutionalFinance #DLT

ey.comAdded: Oct 2, 20267.5

Infrastructure

Everything you need to know about tokenisation of public assets

The tokenization of public assets, such as French OATs, represents a shift in infrastructure rather than a fundamental change to the underlying financial securities. While proponents argue that blockchain integration could unify issuance, settlement, and custody to drive automation, current European systems are already highly efficient and cost-effective. The European Union has established a regulatory environment through the 2022 DLT Pilot Scheme, the MiCA Regulation, and the 2025 DORA Regulation to test these technologies in a controlled sandbox. However, the pilot scheme imposes strict transaction caps, such as a one-billion-euro limit, which remains marginal compared to the multi-trillion-euro scale of existing sovereign debt. Experts note that the lack of clarity regarding the regulatory regime following the pilot phase creates uncertainty that hinders institutional adoption. Furthermore, the absence of widely adopted, reliable euro-denominated stablecoins limits the potential for automated DeFi integration. Ultimately, the transition remains an experimental effort focused on technical feasibility and operational security rather than immediate economic gain.

#MiCA #DLT #OAT

polytechnique-insights.comAdded: Sep 29, 20267.5

Infrastructure

Blockchain in European Finance: How Tokenized Finance Could Reshape Markets

The European Central Bank has officially transitioned from experimental DLT trials to operational infrastructure with the launch of the Pontes system on September 21, 2026. Pontes enables the settlement of wholesale tokenized assets using central bank money by connecting market DLT platforms with the Eurosystem's existing TARGET Services. Major financial institutions including Deutsche Bank, Santander, and Société Générale are already onboarded to utilize this infrastructure for secure, risk-free settlement. Simultaneously, the ECB announced plans to invest its own funds into tokenized euro-denominated public-sector securities to gain practical experience in DLT-based portfolio management. Looking toward 2028, the Eurosystem is also developing the Appia initiative to establish a comprehensive blueprint for an integrated European tokenized financial ecosystem. These developments represent a critical shift in European finance, moving blockchain technology from niche crypto trading into the core of regulated financial-market infrastructure. By integrating central bank money with DLT, the ECB aims to automate asset lifecycles while maintaining established financial safeguards and reducing settlement risks.

#DLT #ECB #Eurosystem

analyticsinsight.netAdded: Sep 28, 202610.0

Credit (Private Credit)

Tokenized asset market in Brazil reaches R$10bn

The Brazilian tokenized asset market experienced a tenfold increase over the past year, reaching R$10 billion in August 2026. According to the 2026 Brazil Tokenization Report by Nexa Finance, this growth is heavily skewed toward private credit, which accounts for 88% of the total volume. While the market has expanded significantly compared to the global growth rate of twofold, it still represents only a small fraction of Brazil's broader financial sector. Regulatory frameworks like CVM Resolution 88 and Resolution 160 have been instrumental in facilitating this transition, with the latter now serving as the primary channel for public securities offerings. The CVM, led by Otto Lobo, is actively formalizing oversight through a proposed DLT Pilot Program to test the issuance and settlement of various securities. This initiative aims to integrate blockchain-based assets into the traditional regulatory environment while providing the commission with real-time transaction visibility. The shift signals that Brazil is moving beyond experimental phases into operational maturity for tokenized financial instruments. This development highlights the country's proactive approach to digitizing traditional credit and receivables markets.

#Tokenization #PrivateCredit #DLT

valorinternational.globo.comAdded: Sep 23, 20268.0

Infrastructure

ARK Venture Fund Gets SEC Nod for Tokenized Fund Shares

The U.S. Securities and Exchange Commission has granted ARK Venture Fund approval to issue a tokenized class of shares, marking a significant regulatory milestone for secondary market trading of fund interests. Under the Sept. 21 order, these shares will be recorded on a distributed ledger and can be traded on alternative trading systems or via peer-to-peer transfers between approved wallets. To ensure compliance, the fund must conduct rigorous anti-money-laundering and know-your-customer checks on all participating wallets. The approval requires daily disclosure of the net asset value on the fund's website, while acknowledging that secondary market prices may deviate from this value. This development allows ARK Investment Management to move beyond its previous 2025 structure, which lacked provisions for secondary market liquidity. By enabling tokenized shares for an interval fund focused on disruptive innovation, the SEC is establishing a clearer pathway for the integration of blockchain technology into traditional investment vehicles. This move reflects a broader regulatory trend, as the commission simultaneously explores frameworks for tokenized NMS stocks and other digital securities venues.

#SEC #TokenizedFunds #DLT

cryptotimes.ioAdded: Sep 23, 20268.5

Infrastructure

Is it time for corporate treasurers to lean into tokenization? AFME and EACT say yes

A joint report by the Association for Financial Markets in Europe (AFME) and the European Association of Corporate Treasurers (EACT) signals that distributed ledger technology has transitioned from experimental to practical for corporate treasury operations. The paper identifies cross-border payments, collateral management, and tokenized fixed income as the most immediate areas for operational efficiency. Large financial institutions, including BlackRock, JPMorgan, State Street, and BNP Paribas, have launched tokenized money market funds that allow for intraday, programmable liquidity management. This shift enables corporate treasurers to move surplus cash into yield-bearing assets without the traditional overnight lock-up periods. The report highlights that global issuance of DLT-based instruments reached EUR 1.69 billion by the end of 2025, representing a 629% increase since 2021. Siemens is cited as a leading corporate issuer, having successfully placed both digital bonds and commercial paper on-chain. Ultimately, the report advocates for treasurers to adopt tokenization as a core operational capability to optimize liquidity and capital mobility.

#Tokenization #CorporateTreasury #FixedIncome

ledgerinsights.comAdded: Sep 23, 20267.5

Infrastructure

Hana Bank Issues $100 Million Euroclear Blockchain Digital Bond With First T+0 Settlement: 14 outlets compared

Hana Bank has successfully issued a $100 million five-year foreign-currency digital bond, marking South Korea's first instance of T+0 same-day settlement for such an instrument. The transaction was executed on Euroclear's D-FMI platform, a distributed ledger technology (DLT) infrastructure designed to integrate with existing global capital market systems. By utilizing this blockchain-based framework, the bank reduced the traditional settlement cycle from three to five business days down to a single day. Standard Chartered acted as the sole lead manager, overseeing the structuring and distribution process. The bond was issued under the bank's existing Global Medium-Term Note (GMTN) program, ensuring compatibility with current institutional trading systems. This milestone demonstrates how traditional financial institutions can leverage established global settlement networks to enhance operational efficiency and liquidity. The initiative serves as a practical proof-of-concept for South Korean banks ahead of the Financial Services Commission's planned 2027 tokenization framework launch.

#DigitalBonds #DLT #Euroclear

newscord.orgAdded: Sep 21, 20268.0

Infrastructure

The ECB Will Buy Tokenized Bonds With Its Own Funds When Pontes Goes Live in 2026

The European Central Bank has officially launched Pontes, a new settlement system designed to facilitate wholesale transactions in tokenized assets using central bank money. Alongside this launch, the ECB announced plans to invest a portion of its own non-monetary policy funds into tokenized euro-denominated securities issued by central and regional governments, agencies, and supranational institutions. Thirteen major financial institutions, including Deutsche Bank, Santander, and Société Générale, have already onboarded to the system, alongside the Bundesbank and four DLT operators. This initiative follows two years of development and successful 2024 trials, aiming to provide a risk-free settlement asset for the European tokenized finance ecosystem. By participating directly in these markets, the ECB intends to gain practical experience in the full lifecycle of tokenized trade execution and portfolio management. Pontes serves as a critical bridge between DLT-based platforms and the Eurosystem’s existing TARGET Services infrastructure. This move marks a significant institutional endorsement of blockchain-based financial markets, signaling a shift toward integrating DLT into core European financial infrastructure by 2028.

#TokenizedBonds #DLT #ECB

cryptotimes.ioAdded: Sep 21, 202610.0

Infrastructure

Brazil’s securities regulator plans tokenization simulations

Brazil’s securities regulator, the Comissão de Valores Mobiliários (CVM), is preparing to launch a distributed ledger technology (DLT) pilot program focused on tokenized securities. The initiative, coordinated by the CVM’s Tokenization Working Group (GTT), aims to evaluate the technical, operational, and legal viability of blockchain integration within capital markets. Although the program is labeled as a pilot, reports indicate it will involve simulated transactions rather than live assets or real investors. The testing phase is scheduled to last 60 days, with an optional 30-day extension, and will cover the full lifecycle of assets including shares, debentures, receivables certificates, and investment fund units. Participants are required to submit detailed reports upon completion, which will inform the regulator's future decisions regarding potential legislative or rule changes. By exploring network interoperability and identifying regulatory gaps, the CVM seeks to establish a framework for the modernization of Brazil's financial infrastructure. This move signals a proactive regulatory approach to integrating tokenization into traditional securities markets, setting a precedent for other emerging economies.

#Regulation #TokenizedSecurities #DLT

ledgerinsights.comAdded: Sep 18, 20267.5

Infrastructure

NSE enables India’s first tokenised corporate bond issuances worth Rs 1,000 crore

The National Stock Exchange of India (NSE) has successfully executed the country's first tokenized corporate bond issuances, totaling Rs 1,000 crore. REC Limited and Larsen & Toubro each raised Rs 500 crore through the NSE Electronic Bidding Platform (NSE EBP) under the SEBI Regulatory Sandbox Framework. The REC issuance, which saw a 7.9 times subscription rate, was finalized at a 7.30 per cent coupon rate. Formally unveiled at the Global Fintech Fest 2026, the initiative utilizes Distributed Ledger Technology (DLT) to represent and manage securities digitally. This milestone is significant as it integrates tokenization into India's existing digital settlement infrastructure to facilitate atomic settlement and improve operational transparency. By demonstrating the scalability of DLT for both public and private sector issuers, the NSE is positioning itself to modernize the broader corporate bond market. This development marks a critical regulatory and technological step toward institutionalizing blockchain-based securities management within the Indian capital markets.

#Tokenization #CorporateBonds #DLT

aninews.inAdded: Sep 17, 20268.5

Infrastructure

Policy Address 2026 | HK to test tokenization of $1.3t Exchange Fund bills, regularize e-bond issuance

Hong Kong Chief Executive John Lee Ka-chiu announced that the Hong Kong Monetary Authority will begin testing the tokenization of HK$1.3 trillion in Exchange Fund bills by the end of 2026. This initiative aims to enhance asset and liability management efficiency by enabling round-the-clock utilization of these bills for lenders. The government plans to regularize digital bond issuance, building on its status as a global leader that accounted for nearly 50 percent of new digital bond issuances between 2025 and mid-2026. To support this ecosystem, CMU OmniClear will launch a digital asset platform this year to provide comprehensive issuance and settlement services. Furthermore, the HKMA’s tokenized bond expert group is initiating a second-phase legal review to integrate Distributed Ledger Technology into the broader capital market. These efforts are designed to solidify Hong Kong's position as a premier hub for digital finance and innovation. By exploring full-cycle applications like automated dividend payments and redemptions, the city seeks to modernize its financial infrastructure and improve market liquidity.

#HKMA #TokenizedBonds #HongKong

thestandard.com.hkAdded: Sep 16, 20269.0

Infrastructure

Tokenized bonds pass the launch test. The real challenge starts now

Indian firms Rural Electrification Corp., Larsen & Toubro, and IIFL Finance have successfully completed tokenized corporate bond issuances, marking a significant technological milestone for the nation's debt market. REC raised Rs.500 crore, L&T raised Rs.500 crore, and IIFL Finance raised Rs.25 crore using distributed ledger technology and the Reserve Bank of India's central bank digital currency (CBDC). While these transactions demonstrate the viability of atomic delivery-versus-payment settlement, market participants characterize them as largely ceremonial due to the lack of a functioning secondary market. The current infrastructure requires investors to manage separate CBDC and electronic securities wallets, creating friction that hinders widespread adoption. Experts emphasize that the next critical phase for 'Demat 2.0' is achieving interoperability between these new digital environments and existing bond-market infrastructure. Without a robust financing ecosystem and secondary market liquidity, the benefits of instant settlement remain limited compared to established T+1 workflows. Ultimately, the success of Indian bond tokenization depends on integrating these digital assets into the broader financial system while simplifying the user experience.

#CorporateBonds #DLT #CBDC

tradingview.comAdded: Sep 16, 20267.5

Infrastructure

Sebi’s Demat 2.0 lays groundwork for tokenising more regulated financial assets

The Securities and Exchange Board of India (SEBI) has launched the 'Demat 2.0' pilot program to test distributed ledger technology (DLT) as a foundational layer for the corporate bond market. By integrating tokenized securities with the Reserve Bank of India’s wholesale digital rupee, the initiative enables atomic Delivery-versus-Payment (DvP) settlement, effectively eliminating the time gap between security transfer and cash payment. The pilot maintains the existing legal framework of corporate bonds, including ISINs and investor rights, while utilizing private, permissioned DLT networks operated by depositories. This infrastructure shift allows for the automation of corporate actions like coupon payments and redemptions through smart contracts. Although the current pilot is limited to a ₹1,025 crore scope, it serves as a critical proof-of-concept for the broader tokenization of regulated financial assets in India. Industry experts view this as a strategic application of India's Digital Public Infrastructure playbook to modernize capital markets. The success of this initiative will ultimately depend on the development of secondary-market liquidity and the eventual expansion to retail participation.

#CorporateBonds #DLT #CBDC

businesstoday.inAdded: Sep 15, 20268.5

Infrastructure

IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction

IIFL Finance has become the first non-PSU Non-Banking Financial Company in India to execute a ₹25 crore tokenized bond transaction. The deal was conducted under the Securities and Exchange Board of India's Regulatory Sandbox framework, utilizing the Metropolitan Stock Exchange of India as the bidding platform. Trust Investment Advisors Private Limited served as the sole arranger and advisor for the issuance, which is slated for listing on the National Stock Exchange of India. This milestone aligns with a broader national initiative to integrate blockchain and distributed ledger technology into the country's debt capital markets. The transaction follows a joint pilot launch by the Reserve Bank of India and SEBI at the Global Fintech Fest 2026, which aims to combine DLT with central bank digital currency for instantaneous settlement. By adopting this technology, IIFL Finance seeks to enhance the efficiency, transparency, and speed of its capital market operations. This development signals a significant shift toward digitizing financial infrastructure within the Indian corporate bond sector.

#TokenizedBonds #DLT #India

m.thewire.inAdded: Sep 15, 20268.0

#DLT

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