#OnChainFinance
9 articles tagged #OnChainFinance — curated RWA tokenization coverage.
Bitwise Launches Tokenized Stock Portfolios Supported by Coinbase, Glider
Bitwise has launched Automated Token Portfolios, a new product enabling users to manage institutional-grade stock portfolios directly through their crypto wallets. By utilizing tokenized stocks, the platform removes the necessity for traditional financial accounts, bridging the gap between conventional investment strategies and on-chain accessibility. The infrastructure for this offering is supported by Coinbase and the on-chain asset management platform Glider. This development signifies a broader trend of bringing sophisticated financial management tools into the decentralized ecosystem, allowing retail users to interact with tokenized assets in a self-custodial manner. By leveraging blockchain technology, Bitwise aims to democratize access to professional-grade portfolio management methods that were previously restricted to institutional investors. This move highlights the growing integration of traditional financial instruments into the crypto space, signaling increased utility for tokenized real-world assets. The launch represents a significant step in the evolution of on-chain finance, as it demonstrates the practical application of tokenization for complex investment products.
Tokenized Dollars Enable Cross-Border Transfers Even on U.S. Holidays
Citigroup has launched Citi Token Services (CTS), a platform that enables corporate clients to execute cross-border payments using deposit tokens without requiring knowledge of blockchain technology. By converting deposits into tokens, the system facilitates real-time settlement that bypasses traditional banking hours, holidays, and intermediary bank delays. This infrastructure allows companies to optimize liquidity management by moving funds instantly to overseas subsidiaries, even when US financial markets are closed. The service successfully operated during the July 4th US Independence Day holiday, demonstrating its ability to function independently of traditional banking schedules. Citi is currently in discussions with Korean financial institutions to expand these services, highlighting the competitive pressure on local firms to modernize their payment infrastructure. This development is part of a broader Wall Street trend, alongside initiatives from JPMorgan and BlackRock, to move traditional assets like deposits and Treasurys onto blockchain networks. The shift toward on-chain finance is viewed as a critical evolution in financial plumbing, enabling real-time risk calculation and supporting the future integration of AI-driven trading agents.
Ethereum controls 43% of tokenized treasuries
The tokenized U.S. Treasury market has reached a total valuation of $15.2 billion, with Ethereum maintaining a dominant 43% market share at $6.6 billion. Despite the emergence of competitive networks like BNB Chain, which holds $4.8 billion, Ethereum remains the primary hub for on-chain financial activity. This leadership is largely attributed to the network's deep liquidity, including $162.4 billion in stablecoins and $578.8 million in euro stablecoins. Other blockchains such as Stellar, Solana, and Avalanche collectively contribute $2.8 billion to the sector, indicating a trend toward multi-chain institutional adoption. While newer networks like Solana and Base are gaining traction in specific liquidity segments, Ethereum's absolute balances continue to rise alongside market expansion. This suggests that the growth of rival chains is driven by new issuance rather than a direct migration of capital away from Ethereum. Consequently, Ethereum's liquidity moat remains intact as the broader tokenized finance ecosystem scales across multiple settlement layers.
Citi Deposit Tokens Surpass $1 Billion in Daily Settlements, Accelerating Wall Street's On-Chain Shift
Citigroup’s blockchain-based deposit token service, Citi Token Services (CTS), has reached a milestone by processing over $1 billion in daily transaction volume across five global markets. By converting traditional bank deposits into digital tokens on a private blockchain, the service enables real-time, 24/7 cross-border settlements that bypass the limitations of traditional banking hours and intermediary delays. This infrastructure allows global corporations to optimize liquidity management by eliminating the need to pre-position cash in regional subsidiary accounts. Unlike stablecoins backed by external reserves, CTS tokens are direct representations of bank deposits, maintaining the security and regulatory framework of traditional banking. The platform is currently utilized by major entities, including members of the Intercontinental Exchange and fintech firm Payoneer, to handle urgent funding needs and margin calls. This development represents a significant shift toward on-chain finance, where major institutions like Citi and JPMorgan are modernizing financial plumbing to support automated, programmable settlements. As global finance moves toward a 'token-dollar' system, Citi plans to expand the service to additional currencies and markets to further enhance capital efficiency.
Robinhood Chain Leads All Networks in Tokenized-Stock Holders One Month After Launch
The number of tokenized stock holders surged by 68.5% in July, rising from 554,900 to 934,800, largely driven by the launch of the Robinhood Chain. Since its mainnet debut on July 1, the Robinhood Chain has captured 329,200 asset holders, surpassing established networks like Solana with 281,400 and BNB Chain with 214,400. This rapid adoption is attributed to Robinhood leveraging its existing brokerage base of 28 million users, allowing them to access tokenized equities without navigating complex crypto infrastructure. While the chain leads in holder count, it currently holds only $44 million in assets, resulting in an average holding of approximately $130 per wallet. In contrast, protocols like Ondo maintain significantly higher capital density, with $857 million in assets despite having fewer wallets. The data highlights a divergence between retail-driven distribution metrics and institutional capital flows in the RWA sector. Future growth for the Robinhood Chain will depend on whether these retail users increase their average account balances over time. Currently, the network remains a hybrid environment where speculative memecoin activity coexists with the growing tokenized equity layer.
Why Community-Led Innovation Is Accelerating AI, Ethereum, and Tokenization
Recent industry gatherings at ETH HK Hub and SNZ Holding highlighted the convergence of Ethereum, artificial intelligence, and tokenization within the financial sector. Industry leaders, including Henry Chen of Kucoin, emphasized shifting the focus from speculative crypto pricing toward the development of practical, institutional-grade financial infrastructure. The discussions centered on building robust systems for tokenized funds, on-chain finance, and stablecoins that prioritize security, compliance, and scalability. This collaborative approach involves founders, developers, and traditional financial institutions working together to bridge the gap between theoretical blockchain utility and real-world financial products. By integrating AI-powered developer tools and smarter payment systems, the ecosystem aims to simplify complex technology for broader adoption. The success of these initiatives relies heavily on coordination between private sector innovators and policymakers to establish viable regulatory frameworks. Ultimately, this community-led innovation is essential for transitioning tokenized assets from experimental concepts into mainstream financial instruments.
XStocks Crosses $600 Million Milestone In Tokenized Equities And Related Assets
The xStocks platform has officially surpassed $600 million in assets under management, marking a significant milestone for the tokenization of traditional equities and ETFs. This growth is supported by a network of over 150 partners that have integrated the platform's digital assets into various trading venues, wallets, and decentralized applications. The platform has achieved a cumulative trading volume exceeding $35 billion, with a user base of more than 180,000 individuals spanning 110 countries. By issuing tokens that track US equities on a one-to-one basis, xStocks provides fractional ownership and near-instant settlement, effectively bypassing the limitations of traditional market hours and multi-day clearing cycles. These tokens are fully collateralized by real-world securities held in regulated custody, ensuring economic exposure for non-US participants. The expansion of this ecosystem highlights the transition of RWA tokenization from experimental pilots to high-volume, multi-chain financial infrastructure. This development underscores the increasing demand for borderless, blockchain-based access to conventional financial instruments, signaling a maturing bridge between capital markets and digital ledgers.
Breaking: Ripple Ally SBI Expands On-Chain Finance Beyond XRPL, RippleNet Via Canton Network
SBI Holdings is restructuring its subsidiary SBI Security Solutions into SBI Digital Practice Co., Ltd. to focus exclusively on institutional on-chain finance via the Canton Network. This strategic pivot marks a significant expansion for the Japanese financial giant, which is diversifying its blockchain infrastructure beyond its long-standing partnership with Ripple and the XRP Ledger. The new entity will provide end-to-end support for financial institutions, including system building and the development of cross-border transaction platforms. By leveraging the Canton Network, which currently hosts over 600 institutions and manages $6 trillion in assets, SBI aims to capture a larger share of the global institutional digital asset market. The move highlights the growing industry preference for interoperable, enterprise-grade networks like Canton, which has recently gained traction through projects like DTCC’s digital securitization of U.S. Treasury bonds. While SBI remains a key Ripple partner, this restructuring confirms that its long-term digital asset strategy is now multi-chain. This development underscores the broader trend of major financial institutions building agnostic infrastructure to facilitate compliant, cross-currency, and cross-border financial services.
SBI Holdings collaborates with Solana Foundation to build on-chain financial market from Japan
SBI Holdings and the Solana Foundation have entered a strategic partnership to develop an on-chain financial market originating from Japan. This collaboration aims to position Japan as a central hub for digital financial assets within the Asian market. By leveraging the Solana blockchain as the primary infrastructure, the initiative seeks to create a seamless bridge between Japanese financial markets and global liquidity. The project focuses on building robust on-chain financial infrastructure to support the next generation of digital asset trading. This move signifies a major institutional commitment to integrating traditional finance with high-performance blockchain technology. By establishing this framework, SBI Group intends to facilitate the expansion of on-chain finance across broader Asian and international jurisdictions. The partnership highlights the growing trend of major financial institutions adopting scalable public blockchains to modernize market operations and asset issuance.