Tokenized US Treasurys Surge 50x as Institutions Chase On-Chain Yield

Tokenized US Treasurys have emerged as one of the fastest-growing segments of the real-world asset (RWA) market, with data pointing to 50x growth in less than two years amid rising institutional demand for on-chain yield. Data from Token Terminal shows that the combined market capitalization of tokenized US Treasury products has exploded from well under $200 million in January 2024 to almost $7 billion in late 2025. The growth underscores the rapid acceleration of onchain adoption for government-backed debt instruments. Source: Token Terminal At the center of this expansion is…

Malaysia’s Royal Stablecoin and Asia’s Shift to Tokenized Money

Key takeaways RMJDT is a ringgit stablecoin pitched for payments and cross-border trade. Its treasury and validator setup is designed to make onchain settlement function like reliable infrastructure. Across Asia, stablecoins are being brought under licensing and reserve and redemption rules. Tokenized assets are increasing demand for tokenized settlement in local currencies, not just USD. RMJDT is being pitched as a ringgit-pegged token tied to Johor’s Crown Prince. It was launched by his company, Bullish Aim, and issued on Zetrix, a network connected to Malaysia’s national blockchain infrastructure. The token…

Blockchain Fragmentation Is Costing Tokenized Assets Billions

Fragmentation across blockchain networks is already imposing a measurable economic cost on the tokenized asset market, with inefficiencies translating into up to $1.3 billion in annual value drag.  In a report sent to Cointelegraph, real-world asset (RWA) data provider RWA.io argued that while blockchains accelerated innovation, they also created walls that trap liquidity and prevent capital from moving freely across networks.  As a result, tokenized RWAs have increasingly behaved like disconnected markets rather than a single, unified financial system. The research found that identical or economically equivalent assets routinely trade…

Kraken-Backed xStocks Launches Tokenized Stocks On TON

Kraken-backed tokenized securities platform xStocks is launching on TON Wallet, a self-custodial wallet on the Telegram messenger. Following an initial rollout on Wallet in Telegram, xStocks is now live on TON Wallet, marking the offering’s official launch on Telegram-linked blockchain, The Open Network (TON), Kraken announced Thursday. “Launching xStocks on TON brings tokenized equities onto truly open infrastructure,” Kraken co-CEO Arjun Sethi said in the announcement, adding that the launch marks the first time for Telegram users to access tokenized US equities onchain. The initial rollout will include 10 tokenized…

Bitfinex axes trading fees on all products, including spot, perpetuals, and tokenized assets

Key Takeaways Bitfinex has removed all trading fees on spot, margin, perpetuals, tokenized securities, and OTC markets for all eligible users. The fee removal is a permanent structural change aimed at financial inclusion and attracting new customers. Share this article Bitfinex has eliminated all trading fees across its platform, covering spot, margin, perpetual derivatives, tokenized securities, and OTC markets. The change applies to both maker and taker fees and is available to all eligible users without volume thresholds, token holdings, or account tier requirements. The exchange, which launched in 2012,…

JPMorgan debuts MONY tokenized money market fund on Ethereum

Key Takeaways JPMorgan has launched its first tokenized money-market fund, MONY, on Ethereum and seeded it with $100 million. Investors can use cash or USDC to subscribe and receive digital tokens representing fund ownership on the blockchain. Share this article JPMorgan’s asset management division, known as J.P. Morgan Asset Management, is rolling out its first tokenized money-market fund named My OnChain Net Yield Fund (MONY) on the Ethereum blockchain, according to The Wall Street Journal. The fund, supported by JPMorgan’s Kinexys Digital Assets platform, will be available to wealthy individuals…

Backed teams up with Chainlink to launch xBridge, first cross-chain infrastructure for tokenized stocks

Key Takeaways Backed and Chainlink launched xBridge, enabling cross-chain transfers of tokenized stocks between Ethereum and Solana. xBridge preserves corporate actions like dividends and stock splits, enhancing accessibility and interoperability for tokenized equities. Share this article Backed, a leading provider of compliant tokenized equities and ETFs, best known for its xStocks product line, has teamed up with Chainlink to roll out xBridge, the first bridge that lets tokenized stocks move between blockchains without losing fidelity to corporate actions such as dividends, stock splits, and other events. xBridge, powered by Chainlink…

Coinbase Expands Into Prediction Markets And Tokenized Stocks

Coinbase, the largest US crypto exchange by trading volume, is days away from unveiling its push into prediction markets and tokenized stocks, according to Bloomberg. Coinbase plans to announce next week that it will launch prediction markets and tokenized equities, Bloomberg reported on Thursday, citing anonymous sources familiar with the matter. The exchange will hold a livestream on Wednesday to showcase new products, though the report said it hasn’t disclosed whether prediction markets and tokenized stocks will be among them. The news comes nearly a month after tech researcher Jane…

Coinbase set to unveil prediction markets and tokenized stocks on Dec. 17

Key Takeaways Coinbase will launch prediction markets and tokenized stocks on December 17. These new products expand Coinbase’s offerings beyond traditional digital assets. Share this article Coinbase is set to launch prediction markets and its own suite of tokenized equities next week, Bloomberg reported on Thursday, citing a person familiar with the company’s plan. The crypto exchange will introduce these new products as it expands its trading offerings beyond traditional digital assets. The prediction markets will allow users to speculate on future events, while tokenized stocks will enable trading of…

State Street and Galaxy To Launch Tokenized Sweep Fund On Solana In 2026

State Street Investment Management and Galaxy Asset Management are joining forces with Ondo Finance on a tokenized liquidity fund that pushes cash “sweep” balances directly onto public blockchains, opening up a source of potential 24/7 onchain liquidity. The planned State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, is designed to take in and pay out PayPal’s (PYUSD) stablecoin for accredited investors, the companies said Tuesday. Ondo is expected to seed the fund with $200 million, tying a major tokenized real-world asset (RWA) issuer directly into State Street’s tokenization stack.…