Tokenization: archive
Every Tokenization story in Digital Assets, newest first. 122 stories
4 stories
A 51-cent redemption puts tokenized credit's exits on trial
Neutrl's haircut traces to disclosed liquid assets and Strata's waterfall is executing as written. The unpublished sNUSD conversion and the stale $1 screen are the two numbers no one in this stack can price.
Morpho makes tokenized stocks collateral, with the token carrying the law
Coinbase's non-US stock tokens can now be pledged for dollars on Base, but $54,652 in borrowing and a single curator show how much of the market is still missing.
MoonPay builds a shelf of tokenized funds and keeps the leverage
Two of the larger managers in tokenized government paper have now plugged into the same app, and the reserve share neither firm named is what sizes the deal.
Onchain finance's real product is a counterparty you can name
Fortune's new category concedes what crypto spent a decade refusing to concede, and that concession is what institutions will pay for.
2 stories
The SEC's tokenized-stock test rewards plumbing, not wrappers
A five-year exemption opens AMM trading for real tokenized shares while the 30-day issuer notice and the synthetic exclusion decide which firms actually collect.
Tenka raises pre-seed to give private credit an exit other than redemption
Maven 11 leads an undisclosed round for infrastructure designed to let asset-backed exposures change hands before the loans beneath them repay.
4 stories
Ondo's broker-dealer joins Fund/SERV, the fund industry's distribution pipe
The first tokenization participant on a network that predates the current debate buys distribution reach no chain replicates, with no fund, distributor, or launch date attached.
Theo's tokenized silver is a lease book in a wrapper
The $40 million beta launch moves commodity carry off dealer balance sheets and into a token, where counterparty credit is the hard part.
Aave's RWA hub is a governance test before it is a lending market
Aave Labs' plan to let institutions borrow in USA₮ against tokenized collateral on Avalanche rests on a DAO proposal that has not been posted and on collateral that has not arrived.
Arc is a distribution deal disguised as a blockchain
Circle's founding validators are the moat, and the 21-bank dollar stablecoin of 2027 is where the argument gets scored.
2 stories
Kamino hires a distribution CEO to sell tokenized lending
A Manhattan headquarters and a finance bench answer the easy half of the business; the match between PRIME deposits and borrowers is the harder one.
Bitget Wallet shelves its own tokenized stocks beside Ondo's
The widest retail shelf for tokenized equities now belongs to a group that issues the product sitting on it.
1 story
Kraken turns tokenized equity into collateral and keeps 25% of the yield
The 2% APY on SPYx and QQQx comes from a leveraged credit strategy behind an exchange interface, and the disclosed loss-sharing reaches the depositor's principal.
2 stories
Valinor's tokenized BDC fund bought its liquidity from the tape
A $5 million wrapper around listed business development companies, with a token contract that has moved nothing, puts the 1.25% fee on trial.
A national bank's stablecoin lands on Stellar, freeze switch included
U.S. Bank's live cross-border pilot in its own dollar token shows banks will use public rails as long as the issuer keeps the ability to stop a transfer.
1 story
Tenev's token defense: it's debt, not AMC stock
If the tokens are Robinhood Assets debt referencing AMC, issuer consent may be beside the point—but so are shareholder votes.
3 stories
ARK asks SEC for a tokenized share class without asking it to bless the ledger
The venture interval fund's application seeks a ledger-recorded share class and leaves the distributed ledger itself out of the requested relief.
REC's tokenized bond draws an eight-times book in SEBI's sandbox
The state-owned lender's ₹5 billion placement found eager institutional buyers, but whether the token itself mattered remains the open question.
DBS and Citi complete weekend dollar transfer on Swift ledger
The Sept. 5 Singapore–New York payment is the ledger's second live use, stretching tokenized deposits past standard banking hours while final settlement stays on existing systems.
2 stories
LSE to List Tokenized Versions of UK's 100 Largest Stocks
The London Stock Exchange's planned listing of Payward's xStocks would put the 100 largest London-listed companies on a 24/5 venue as loan notes, with the shares parked in a Jersey vehicle.
High-yield credit becomes onchain collateral
Securitize's HINC fund is now borrowable on Loopscale, pushing tokenized lending beyond Treasuries and into marks that can fall.
1 story
Stellar's $3 billion RWA stack outruns its DeFi collateral engine
A $2 million RWA-backed lending pool shows why tokenization's next fight is over collateral, not issuance.
1 story
CIMB settles tokenized sukuk with tokenized deposits
A Malaysian pilot pairs tokenized securities with tokenized deposits, testing the settlement model bank-owned rails are betting on.
3 stories
Visa joins BLOOM, signs Shinhan to stablecoin rails
The card network is positioning itself as the settlement switchboard for regulated stablecoins in Singapore and Korea.
39 state banking groups formalize a bank-owned settlement rail
The alliance wants community and regional banks to own the tokenized settlement network they rely on; the ownership terms are still unpriced.
Revolut’s euro stablecoin is a distribution deal
Bridge holds the license and the reserves; Revolut's 75 million customers are the real product.
2 stories
EDX Markets adopts Figure YLDS as collateral and treasury
The exchange's yield-bearing digital security turns idle margin into an earning asset and pressures zero-yield stablecoin collateral.
Bitwise puts Coinbase tokenized stocks into self-custodied portfolios
Automated Token Portfolios put the model in Glider's hands and the token in the investor's wallet, leaving Coinbase's ADGM-licensed issuer as the anchor.
2 stories
Circle sets Sept. 16 target for Arc's public mainnet launch
Circle targets Sept. 16 to open Arc's production blockchain to any user; eleven founding institutions will still control block production. Half a billion test transactions measure capacity, not trust.
MANTRA halt freezes tokenized settlement as token slides
The outage on a chain carrying Securitize's validator seat shows settlement risk is still the weak point in the tokenization story.
1 story
HSBC and Standard Chartered complete first live tokenized-deposit transfer on Swift ledger
Swift's ledger matched and netted the banks' obligations; final settlement still ran on existing systems.
4 stories
AMM-correlated-pairs debate turns on permission
The XTX counterpoint concedes the mechanism; who gets to provide liquidity decides whether tokenized equities matter.
Coinbase makes Abu Dhabi its tokenized-securities hub
The ADGM license lets Coinbase arrange deals and hold digital assets, with investors keeping tokenized shares in wallets instead of brokerage accounts.
Robinhood CEO Tenev pushes SEC to open US to tokenized stocks
A week after the SEC shelved its innovation exemption, Tenev makes a market-structure case for tokenized equities at home.
HSBC and Standard Chartered move first cross-bank tokenized deposit on Swift
A live transfer between HSBC and Standard Chartered shows how tokenized deposits can move across banks on Swift's blockchain.
5 stories
Hong Kong's first regulated stablecoin, Standard Chartered's HKDAP, enters beta
The HKMA-licensed stablecoin's beta pairs strict holder-identification rules with institutional distribution; tokenized settlement is the aim.
BIS's Agorá selects 41 institutions for tokenized payments test
A unified-ledger experiment backed by seven central banks moves from design to live testing with the private sector.
Securitize's tokenized assets reach a record $4.3B as revenue falls
The first public report since Securitize listed shows tokenized assets at a record even as tokenization fees shrink and the net loss widens.
Standard Chartered's HKDAP stablecoin enters beta on licensed exchanges
Hong Kong's first regulated stablecoin moves into beta with institutions, testing an identity-first compliance model.
JPMorgan adds euro payments to JPM Coin
Siemens is the first client to move euros on the bank's tokenized rail, which still settles only inside JPMorgan.