RWA distributed asset value: $34.11B (+2.98%)

Number of RWA holders: 819.9K (+10.5%)

Transfer volume: $5.04B (-55.98%)

Total stablecoin value: $304.43B (-0.23%)

Tokenized treasuries total value: $15.33B (+2.27%)

Tokenized private credit (active loans value): $5.31B (+6.23%)

Ondo Finance, JPMorgan’s Kinexys, Mastercard and Ripple completed the first cross-border transaction of a tokenized fund between a public blockchain and interbank settlement rails. The transaction was processed by Ondo on the XRP Ledger, routed through Mastercard’s Multi-Token Network to Kinexys, which then delivered payment to Ripple’s Singapore bank account.  

Digital asset platform Bullish has agreed to acquire transfer agent Equiniti for $4.2 billion in an effort to build infrastructure bridging blockchains with traditional capital markets. The deal will give Bullish access to a regulated transfer agent to track shareholders for companies that issue stocks, helping it overcome a persistent hurdle to institutional adoption. This makes Bullish the first tokenization platform to acquire a global transfer agent, breaking the traditional partnerships route that other players like Securitize and Ondo have taken in the past.

BlackRock filed two SEC proposals to expand its tokenized fund lineup, adding a new Daily Reinvest Stablecoin Reserve Vehicle, and an onchain share class for its $7 billion Select Treasury Based Liquidity Fund. The reserve vehicle, aimed at stablecoin issuers, has a $3 million minimum investment requirement, and will use Securitize as a transfer agent across multiple blockchains. The liquidity fund will tap BNY Mellon to maintain ownership records on Ethereum.

Ondo Finance said its tokenized stocks can now be bridged to Hyperliquid’s HyperEVM via a bridge powered by LayerZero. Melt Finance and Felix Protocol will be among the first HyperEVM protocols to support this. The move gives Hyperliquid’s perp traders onchain access to spot equity positions for executing basis trades and delta-neutral hedging strategies that previously required offchain venues.

Ostium partnered with the Nasdaq to offer perpetual futures contracts on U.S. equities using Nasdaq’s data. The deal is Nasdaq's second onchain partnership in two months following its March infrastructure agreement with Kraken's parent, Payward.

Securitize, Jump Trading and Jupiter have launched secondary trading for tokenized equities. Under the partnership, Jump’s PropAMM will provide liquidity on Solana, Jupiter will act as the frontend, and Securitize will handle broker-dealer, ATS and transfer agent functions.

DTCC, a post-trade market infrastructure provider, said it is targeting to launch its tokenization service in October, and aims to offer limited production trades in July 2026. The firm is working with over 50 firms, including BlackRock, JPMorgan, Goldman Sachs and Nasdaq, to initially tokenize Russell 1000 stocks, major index ETFs, and U.S. Treasuries.

Fidelity, in partnership with Chainlink, launched its first tokenized fund, FILQ. The launch adds another major asset manager to the growing list of financial firms offering tokenized products.

Securitize received FINRA approval to custody tokenized securities within its broker-dealer service, which clears it to execute atomic settlements of tokenized securities against stablecoins onchain.

droppRWA, a digital capital markets infrastructure company, secured $12.5 billion in mandates to tokenize RWAs across Saudi Arabia, starting with real estate. The firm is targeting a late-2026 launch for stablecoin-based real estate settlement in partnership with the Capital Market Authority and Saudi Central Bank.

Grove Finance launched Grove Basin, a programmable credit layer that provides liquidity in stablecoin form to holders of tokenized assets when they start a liquidation transaction. The product is backed by $1 billion in committed daily liquidity.

Jason Barraza, head of institutional business development at RedStone, spoke on the Talking Tokens podcast about why blockchain oracles are evolving beyond price feeds into a full institutional intelligence layer. He explained how RWAs as collateral will revolutionize DeFi, why private credit is making headlines, and dissected Securitize's Computershare partnership.

Xiao-Xiao Zhu, president of Jupiter Exchange, spoke on The Market Runup podcast about Jupiter's expansion from a Solana DEX aggregator into an onchain finance super app.

Federal Reserve Governor Lisa Cook delivered a speech at the Central Bank of West African States conference in Dakar, endorsing tokenization as a promising financial innovation.