tokenized

According to SolanaFloor data, Solana set multiple new highs in key metrics in the second quarter of 2026, including tokenized stock spot trading, dApp revenue, on-chain transaction activity, and perpetual futures nominal trading volume.Among them, the trading volume of Solana tokenized stocks reached $4.84 billion, with a market share exceeding 96%; the quarterly revenue of ecological applications was $257 million, ranking among the top of all public chains for the 9th consecutive quarter.

On July 3, 2026, Binance added 15 bStocks tokenized securities as qualified collateral assets, which users can use as margin collateral.The newly added tokens include Circle (CRCLB), Micron (MUB), NVIDIA (NVDAB), and others. This feature is only available to VIP 3 and above users in approved jurisdictions.

The digital asset trading platform Gate officially launched the gStocks tokenized securities service, supported by a 1:1 full reserve of native stocks as the underlying asset, opening a new investment gateway for users to the global stock market. This service relies on digital asset trading infrastructure, supporting 24/7 trading, order book matching, unified account management, and multi-asset interoperability, while providing API access capabilities to meet the needs of individual users and professional institutions in order execution, liquidity management, and hedging strategies. The first batch includes 15 tokenized securities trading pairs, covering popular global stocks such as Micron, AMD, SanDisk, and SpaceX, with plans to expand to more quality stocks and ETFs in the future, providing users with richer and more diverse investment options.As an important supplement to Gate's existing product system, the tokenized securities held by users can be used as margin for leveraged lending, can be included in wealth management products such as Yubibao, and support trading bots, grid strategies, with a minimum investment starting from 1 USDT and fractional share trading.

PumpFun announced that, based on community feedback, the various issuance options recently added to the platform have led to user distraction and unnecessary competition. Therefore, it has decided to stop providing the Tokenized Agent issuance feature effective immediately.This feature will no longer support new token issuances, but existing tokens that have enabled this feature will not be affected. PumpFun stated that it will focus on issuance models that can significantly improve the retail trading experience in the future.

According to Cointelegraph, the on-chain capital market platform Theo announced an investment of $20 million into Fidelity International's dollar digital liquidity fund (FILQ) through the Swiss digital asset bank Sygnum, becoming the first crypto-native platform to allocate to this tokenized fund.The fund is a tokenized dollar liquidity product that primarily invests in a diversified portfolio of short-term money market instruments. Data shows that Theo's allocation represents a significant proportion of the current on-chain managed assets of the fund, reflecting that institutional funds are continuously flowing into tokenized U.S. Treasury and cash management products.

XRPLRipple is actively promoting the addition of a layer of lending infrastructure on the XRP Ledger (XRPL), enabling institutions to use on-chain tokenized assets as collateral for financing, while the loan terms are automatically executed by the protocol, with credit assessments and lending decisions still made by off-chain institutions.According to reports, the proposal is named the XRPL Lending Protocol (corresponding to the XLS-65 and XLS-66 standards), which is currently still in the technical draft stage and must be approved through validator voting before it can go live on the mainnet, but it is already available for developer testing on the test network.The design of the protocol splits the lending process into two parts: on-chain mechanisms responsible for fund pool management, interest calculation, repayment execution, and default handling; while borrower credit assessments and loan term settings remain with traditional financial institutions to meet compliance requirements in different jurisdictions.Ripple states that this mechanism is primarily aimed at institutional short-term liquidity needs, such as in cross-border payment scenarios, where temporary financing is obtained through stablecoins or collateralized assets before settlement, to enhance capital efficiency.Analysts believe that this solution attempts to introduce a "rule-based lending infrastructure" similar to traditional finance while maintaining the open network attributes of XRPL, but it still faces competition from established on-chain lending protocols like Aave, Compound, and Maple.

Data shows that the daily trading volume of tokenized stocks issued on the Solana network has risen to $553 million, setting a new historical record.

According to Cointelegraph, Ondo stated that the minting and redemption functions for tokenized stocks and ETFs are now available 24/7 on Ethereum and BNB Chain, with Solana launching soon.

Former Ren Protocol founder Loong Wang announced the launch of the tokenized financial product settlement network Metal and completed a seed round financing co-led by Airwallex and Capital49, with Airwallex also joining as the first design partner. Metal was co-founded by Loong Wang and former Libra project partner lead Catherine Porter, aiming to build an institutional-grade full-stack infrastructure for tokenized financial products, natively supporting AI agents, authentication, and authorization, while providing global withdrawal and recharge channels covering 200 countries and 90 currencies.

Asset management giant Invesco is planning to launch a new money market fund aimed at stablecoin reserves. According to its amended filing with the U.S. SEC, Invesco intends to add the "Invesco Stablecoin Reserves Onchain Fund" to its Short-Term Investments Trust product lineup. The fund has not yet disclosed a code and will primarily invest in high-quality short-term assets, including U.S. Treasury securities, repurchase agreements, and cash equivalents, with the goal of maintaining a stable net asset value of $1 per share and providing daily liquidity.This product is designed for stablecoin issuers, allowing them to hold compliant reserves under the GENIUS Act reserve framework while earning returns. As of May 31, Invesco manages approximately $2.45 trillion in assets. The fund will also introduce blockchain infrastructure company Superstate as a secondary transfer agent for tokenized shares, recording fund shares on a yet-to-be-disclosed designated public blockchain. Recently, several Wall Street institutions, including State Street, have also launched similar products, indicating that traditional asset management giants are accelerating their competition for stablecoin reserves and the tokenized money market fund market.

South Korea will incorporate tokenized securities into the overall framework of capital market reform. The Financial Services Commission (FSC) recently launched a review meeting on capital market infrastructure to coordinate the advancement of reforms such as speeding up securities settlement, extending trading hours, and digital transformation.According to the plan, the tokenized securities framework will officially take effect in February 2027, and relevant subordinate regulations are expected to solicit public opinions in July this year. In terms of infrastructure development, Samsung SDS has been contracted by the Korea Securities Depository (KSD) to develop a tokenized securities management platform, aiming to integrate the existing electronic securities account system with blockchain data, with the goal of completing this by February 2027.

The latest report from Binance Research shows that the on-chain tokenization of real-world assets (RWA) has grown by 589% since the beginning of 2025, now exceeding $31.4 billion, further expanding from $21.5 billion at the beginning of 2026, and growing approximately fivefold since the beginning of 2025. The main drivers of growth come from bonds and money market funds, which together added about $6.5 billion, an increase of 83%. Tokenized U.S. Treasury bonds, money market funds, gold-backed assets, and tokenized listed stocks are the main driving forces behind this round of growth. Although the base for tokenized stocks is relatively small, the growth rate is particularly remarkable, indicating that issuing institutions are testing whether blockchain tracks can support the circulation of a broader range of traditional securities.Analysts point out that this round of RWA growth differs from the previous narrative of the crypto market dominated by speculative trading or DeFi yields, and is more closely linked to traditional financial infrastructure, focusing on institutional needs such as settlement efficiency, collateral liquidity, and programmable asset services. However, compared to the global bond, money fund, and stock markets, which are worth tens of trillions of dollars, $31.4 billion is still a drop in the bucket. The report indicates that the key to the next phase of growth lies not in the issuance of tokens themselves, but in the improvement of liquidity depth, legal enforceability, custody standards, and access to secondary markets. The regulatory framework remains the core bottleneck restricting further expansion of scale.

According to The Block, Ben Slavin, the global ETF head at Bank of New York Mellon (BNY), stated that asset managers are accelerating their tokenized ETF plans, driven mainly by investor demand and the FOMO sentiment of fearing to miss early opportunities in blockchain finance. Slavin revealed that BNY has multiple tokenized ETF projects underway, and although the regulatory environment and infrastructure are not yet fully ready, many clients wish to launch products as soon as possible. He believes that blockchain networks are expected to become a new distribution channel for traditional investment products, enabling around-the-clock holding and transfer of fund shares, shortening settlement times, and expanding coverage for global investors.Slavin also pointed out that currently, hundreds of well-known ETFs are trading in tokenized form in unregulated markets, and most of these have not been directly authorized by the fund sponsors, which poses reputational risks. This topic has become a focal point for discussions among BNY's asset management clients. Although the industry is still exploring core issues such as the integration of tokenized funds with existing infrastructure, secondary trading mechanisms, and regulatory frameworks, Slavin stated that asset managers are increasingly inclined to believe that "getting in early" in this field is more important than "waiting for clarity."

According to CoinDesk, Anchorage Digital, a federally chartered crypto bank in the United States, announced the launch of a new platform to help banks issue and manage tokenized deposits.The platform provides banks with round-the-clock payment and settlement services through blockchain technology, without the need to replace existing core systems. The platform operates in a parallel layer, with Anchorage responsible for blockchain infrastructure, wallet management, and smart contract technology, while banks continue to maintain customer relationships and deposit custody.Currently, several large banks, including JPMorgan Chase, Citigroup, and Bank of America, also plan to jointly establish a tokenized deposit network in the first half of 2027.

According to Cointelegraph, Swiss Web3 development platform Enso has launched an RWA application and opened trading for over 500 tokenized assets, including US stocks, ETFs, US Treasuries, commodities, and stablecoins. The platform provides users with a unified asset distribution and execution layer by integrating xStocks, Ondo Finance, and Anchorage Digital's Porto.The tradable assets include stocks from major US tech companies such as Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, Tesla, and SpaceX. Enso co-founder and CEO Connor Howe stated that European investors' demand for exposure to the US market and 24/7 trading continues to grow.Meanwhile, data from RWA.xyz shows that the number of on-chain tokenized asset holders has increased by 13.4% over the past 30 days, reaching approximately 930,000 people. In terms of scale, tokenized US Treasuries rank first at $15 billion, tokenized commodities reach $4.6 billion, and tokenized stocks are approximately $1.6 billion.

According to CoinDesk, the long-established asset management company Baillie Gifford from Edinburgh, Scotland (founded over 118 years ago) announced on Monday in collaboration with global custodian giant BNY the launch of a tokenized fixed income fund—Baillie Gifford Enhanced Yield Fund (BAGEY), deployed simultaneously on the Ethereum and Solana public chains.The fund is denominated in US dollars and operates under an open-ended investment company (OEIC) structure within the UK regulatory framework, targeting qualified investors from the UK, Switzerland, and the Cayman Islands. It offers an actively managed short-duration corporate bond portfolio, with a current yield of approximately 7%.Unlike most tokenized products on the market, Baillie Gifford's Head of Digital Assets Theo Golden emphasized that BAGEY is not a traditional fund wrapped in a token shell, but rather a fund issued directly on-chain, with the blockchain itself serving as the rights registry, allowing investors to directly hold shares and enjoy direct recourse.BNY will provide tokenization and wallet infrastructure for the fund, with NatWest acting as the custodian. The Global Head of Investor Solutions at BNY stated that this issuance marks the transition of tokenization from concept to real application, as regulated fund structures evolve towards a more digital and interconnected market.

Venus Protocol announced the launch of tokenized stock (bStocks) collateral lending functionality on the BNB Chain. Users can now deposit on-chain US stock assets such as TSLAB, NVDAB, SPCXB into the Venus Core Pool as collateral, allowing them to borrow assets like USDT and USDC while maintaining exposure to stock prices, without the need to sell their holdings. This is the first time Venus supports tokenized stocks as collateral assets.With the launch of bStocks, tokenized stocks officially join the on-chain liquidity market shared by Venus with BTC, ETH, BNB, and stablecoins. Following tokenized assets like XAUm, Venus further expands the range of on-chain collateral to include stock assets, promoting the deep integration of RWA and DeFi.

Brian Armstrong posted on the X platform that Coinbase now includes pre-IPO perpetual contracts, stock options, and will soon support tokenized stocks; Coinbase has also redesigned Coinbase Advanced and begun integrating global liquidity between U.S. and international users, as well as between Coinbase and Deribit users. CoinbaseDev is providing stablecoin payment capabilities for enterprises, launching fully managed accounts based on its compliance tech stack, and rolling out a new developer tools dashboard. Regarding Base, Coinbase announced the launch of private transactions and a web-based Base App. Coinbase is also becoming a financial account for AI, supporting wallet provision for AI agents, obtaining AI-driven financial advice, and connecting Coinbase accounts to users' commonly used LLMs.

According to The Kobeissi Letter, the SpaceX IPO has significantly driven the explosive growth of on-chain tokenized stock trading volume. Data shows that the cumulative transfer trading volume of on-chain tokenized stocks has surpassed $20 billion for the first time.In the past 30 days, the transaction volume reached $4.3 billion, setting a new historical high with a year-on-year growth of over 140%. After the launch of SpaceX tokenized stock ($SPCX) on June 15, the daily spot trading volume on Solana exceeded $100 million for the first time, reaching a network share of 99% at one point, with Jupiter becoming the platform with the largest trading volume for this asset.