Tag Archives: RWA / Tokenized Assets

This tag is used to collect regulatory updates, licensing systems, compliance requirements, and industry practices related to RWA/tokenized assets.

A diagram illustrating the concept of tokenized deposit interbank settlement verified by multiple Japanese institutions.
43 Japanese institutions participate in the verification of interbank settlement for tokenized deposits: Two models and compliance boundaries.

A Japanese project supporting the Financial Services Agency's experimental hub for tokenized deposit interbank settlement has attracted 43 participating institutions, primarily comparing the interbank brokerage model with a stablecoin linkage model. The project is still validating its legality, usability, and feasibility, and does not represent a commercial launch or the acquisition of a product license.

27
June
Coinbase in the US launches tokenized stocks: the B20 standard, Chainlink oracles, and 24/7 on-chain trading.
Coinbase in the US launches tokenized stocks: the B20 standard, Chainlink oracles, and 24/7 on-chain trading.

Coinbase launched tokenized shares on Base in August 2026, using the B20 standard. The underlying US shares are held in 1:1 custody by Alpaca under a bankruptcy-remote structure. The product is only available to qualified non-US users and supports 24/7 operation.

25
June
Japan's SBI led a $6800 million Series C funding round for Fastet, making the regionally licensed stablecoin bank a unicorn.
Japan's SBI led a $6800 million Series C funding round for Fastet, making the regionally licensed stablecoin bank a unicorn.

SBI Group of Japan led a $6,800 million Series C funding round for Fastet, valuing the company at $10 billion post-money and officially making it a unicorn. The platform boasts an annualized transaction volume exceeding $400 billion, covering 125 countries and holding regional approvals in jurisdictions including the UAE, Indonesia, Malaysia, the EU, Turkey, and Pakistan.

24
June
Ondo abandons self-built blockchain and returns to Ethereum settlement: RWA exchange platform implements off-chain execution, on-chain settlement, and FINRA compliance path.
Ondo abandons self-built blockchain and returns to Ethereum settlement: RWA exchange platform implements off-chain execution, on-chain settlement, and FINRA compliance path.

Ondo Finance launched Ondo Network on July 27, 2026, abandoning its original Layer 1 public chain, Ondo Chain, and moving execution to an off-chain trusted execution environment while settlement remains on Ethereum. Its SEC-registered broker, Oasis Pro, is authorized by FINRA to support the US tokenized securities compliance path, but Ondo Perps is not currently open to US investors.

24
June
Global | OKX CEO says tokenized stocks have become the platform's second largest liquidity market
Global | OKX CEO says tokenized stocks have become the platform's second largest liquidity market

OKX CEO Star stated that tokenized stocks and perpetual stock contracts have become the second largest source of liquidity for its users in Europe, Asia Pacific, and other international markets outside the United States. With ICE (the parent company of the NYSE) making a strategic investment in OKX, NYSE tokenized stocks and futures are expected to be integrated into approximately 1.2 million of its accounts, making the cross-border compliance path for tokenized securities a key focus for institutional investors.

22
June
South Korea's STO Tokenization Vanguard: Shinhan Asset Management Partners with Solana Foundation to Pilot Won-Denominated Fund
South Korea's STO Tokenization Vanguard: Shinhan Asset Management Partners with Solana Foundation to Pilot Won-Denominated Fund

Shinhan Asset Management, together with the Solana Foundation, Etherfuse, and Orca, signed a four-party MOU to launch a proof-of-concept (PoC) for a Korean won-denominated tokenized fund, structured similarly to the BlackRock BUIDL. The PoC will undergo KYC/AML and compliance requirements under the Foreign Exchange Trading Act, aiming to be among the first to comply with South Korea's STO (Security Token Offering) framework by 2027.

21
June
WLFI in the US launches USD1-denominated RWA perpetual contracts: Analysis of the compliance path for stablecoin issuer licenses.
WLFI in the US launches USD1-denominated RWA perpetual contracts: Analysis of the compliance path for stablecoin issuer licenses.

World Liberty Financial (WLFI) launched its first batch of RWA tokens priced at USD1 on Aster DEX on August 20, 2026.

21
June
Ondo executives: Asset tokenization is developing along the path of early ETFs, with overseas markets leading the way.
Ondo executives: Asset tokenization is developing along the path of early ETFs, with overseas markets leading the way.

John Hoffman, Head of Product at Ondo Finance, stated that asset tokenization is following the early ETF path, with adoption accelerating. Ondo Treasury products have approximately $20 billion locked in assets, and its tokenized stock platform has an 8-month TVL.

21
June
The U.S. Securities and Exchange Commission (SEC) has approved Franklin Templeton's registration policy allowing its funds to hold Benji's tokenized money market fund for cash management and as collateral.
The U.S. Securities and Exchange Commission (SEC) has approved Franklin Templeton's registration policy allowing its funds to hold Benji's tokenized money market fund for cash management and as collateral.

The U.S. SEC’s Investment Management Division issued a no-action letter allowing Franklin Templeton’s registered mutual funds and ETFs to hold shares in its on-chain money fund BENJI, exempting them from three physical custody provisions of the Investment Company Act of 1940. This marks the first time that tokenized assets have entered the cash management and collateral processes of traditional funds.

21
June
Anchored says it plans to deploy tokenized shares on Arbitrum via UniswapX: target date subject to preconditions.
Anchored says it plans to deploy tokenized shares on Arbitrum via UniswapX: target date subject to preconditions.

On August 20, 2026, Anchored announced in a company press release its plan to deploy its tokenized shares on Arbitrum, with UniswapX as the initial on-chain access path. The team initially set August 21 as the target date, but explicitly stated that it was subject to technical readiness, liquidity arrangements, partner review, and applicable compliance approvals. This announcement does not prove that the deployment was complete, nor does it support the assertion that Alpaca, the initial 10 tokens, or 300% growth are established facts.

20
June
US | SoFi and Figure founder Mike Cagney launches self-custodied wallet The Wallet Co: integrating yield cash, RWA, and on-chain securities
Self-custodied wallet product information verification: Proposed features are not equivalent to existing licenses.

Media coverage of the new wallet product can indicate the proposed direction; whether it triggers securities, brokerage, trading venue or commodity regulatory obligations still depends on the actual functionality and applicable rules.

20
June
The US SEC has granted a transfer agent license: Injective's institutional business line has been registered, and tokenized securities records are on-chain.
The US SEC has granted a transfer agent license: Injective's institutional business line has been registered, and tokenized securities records are on-chain.

Injective Institutional Services' SEC Transfer Agent registration became effective on August 19, 2026, enabling it to maintain an authoritative ownership record of tokenized securities on-chain. This function is related to Injective Mint.

20
June
US | Injective Receives SEC Registered Transfer Agent Designation: RWA's Tokenization Compliance Infrastructure Takes Another Step Forward
US | Injective Receives SEC Registered Transfer Agent Designation: RWA's Tokenization Compliance Infrastructure Takes Another Step Forward

Injective has obtained SEC Registered Transfer Agent status through its affiliate, Injective Institutional Services, and the registration is now in effect. This status enables it to provide a federally regulated, authoritative record of ownership for tokenized securities, complementing the Injective Mint issuance platform and aligning with European MiCA white paper compliance, thus advancing institutional-grade RWA tokenization infrastructure.

20
June
Robinhood CEO calls for the US to clear obstacles for tokenized stocks: SEC twice postpones innovation exemptions, four types of licensing obligations become bottlenecks.
Tokenized Securities in the US and Robinhood Stock Tokens: Product Terms Do Not Equate to US Licensing or Exemption

SEC disclosures of tokenized securities and Robinhood EU product disclosures can help define product structures; they do not individually constitute a conclusion of U.S. innovation exemption, U.S. marketability, or broker-dealer licensing.

19
June
Updates on RWA tokenization licenses in the US: Neuberger partners with Securitize to launch a multi-chain tokenization high-yield fund.
HINC Fund reports on the boundaries of evidence: issuance documents, on-chain deployments, and license scope must be verified separately.

Market reports may suggest tokenized fund projects, but without issuance documents, investor eligibility rules, on-chain records, and corresponding registration materials, the fund structure, four-chain deployment, or license scope cannot be presented as definitive conclusions.

19
June
Japan | Toyota Financial Services opens retail subscription to tokenized bonds: Direct purchase via Toyota Wallet, no securities account required
Japanese security token bonds: Issuance documents, sales arrangements, and transfer restrictions must be verified separately.

Toyota Financial Services’ public information may indicate that it has issued security token bonds and general services such as TOYOTA Wallet; retail sales, revenue terms, platforms or non-transferable arrangements cannot be established as facts without obtaining specific issuance documents.

19
June
US | Securitize partners with Neuberger to launch the HINC tokenized high-yield bond fund: four-chain issuance, SEC multi-license support
Verification of information on tokenized high-yield funds: Media reports, issuance documents, and regulatory registrations are not interchangeable.

The yield assets, investment advisors, sales qualifications, and on-chain issuance of tokenized funds must all be supported by corresponding primary documents; media reports or general company introductions are insufficient to form definitive conclusions about funds and licenses.

19
June
Spanish banks are shifting their blockchain recruitment focus to stablecoins and tokenization: EMI licenses and compliance talent development under MiCA regulation.
Spanish banks' digital asset strategy: Job positions, Qivalis program, and EMI authorization status should be verified separately.

CaixaBank's publicly disclosed job postings support its digital asset job needs; Qivalis and its member banks disclosed that the consortium is applying for DNB EMI authorization and plans to launch a euro stablecoin in the second half of 2026 after obtaining authorization, which cannot be described as having been licensed or issued.

18
June
Tokenized Stocks Reach $28 Billion in Market Cap: An Analysis of the Global Compliance and Licensing Landscape
Tokenized Equity Compliance Verification: Market data, product rights, and licensing conclusions must be verified separately.

Without issuance documents, product terms, holding rights, and applicable rules, figures or labels in market reports should not be presented as definitive licensing conclusions.

18
June
The US SEC's Crypto Fundraising Framework meeting was abruptly canceled: Wall Street's SIFMA legal threats and the Clarity Act battle.
Discussion on US Crypto Fundraising Rules: SIFMA Public Opinions and Media Reports Must Be Verified Separately

Publicly disclosing industry opinions can demonstrate a position, but it cannot prove the current decisions of regulatory authorities, the White House, or market participants, or establish causal relationships.

18
June

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