Tokenization
Morgan Stanley, Oliver Wyman See Tokenized Assets Reaching $2.3 Trillion by 2030
Collateral mobility accounts for about $1.7 trillion of the base-case forecast, with reserve and treasury management contributing another $400 billion.
WisdomTree Opens Tokenized Treasury Fund To MoonPay's 35 Million Accounts
MoonPay will build an access point for WTGXX and hold the tokenized money market fund against its stablecoin reserves. The fund runs $1.23 billion, fifth-largest in a $15.4 billion tokenized Treasury market.
SEC Clears Tokenized Stocks To Trade Onchain As CFTC Widens Software Relief
The Securities and Exchange Commission issued a five-year conditional exemption on Thursday letting tokenized National Market System (NMS) stock trade on permissioned automated market makers (AMMs), and Commodity Futures Trading Commission staff opened introducing-broker relief to passive software providers across the industry the same morning. Both actions came two days after the Senate blocked the CLARITY Act and a day after the two chairmen said they would write crypto rules without it. Uniswap's token rose 19.8% over 24 hours.
Tokenized Stocks Traded $1 Billion While The Stock Market Was Shut
The 42 largest tokenized equities turned over $1.01 billion on Saturday and Sunday, roughly matching Friday's session, and another $398.3 million on Labor Day. Robinhood Chain handled $572.8 million of the weekend total. One tokenized Nasdaq-100 fund on BNB Chain did $180.5 million on its own.
The AMC Fight Turned Into An Industry Argument Over Which Tokenized Stock Model Wins
Uniswap founder Hayden Adams compared Robinhood's and Ondo's stock tokens to early stablecoins on Friday, hours after Dinari co-founder Gabriel Otte called the same instruments "indisputably worse for the end investors than even common stocks." Three models are competing for $2.91 billion of tokenized equities, and the SEC has already sorted them into separate legal boxes.
AMC's CEO Told Robinhood To Halt Its Stock Token. Robinhood Told Him To Send Lawyers
Adam Aron called on Robinhood to "CEASE AND DECIST" trading of AMC stock tokens and said the company's securities counsel is looking at whether it can force a halt. Chief Legal Officer Dan Gallagher answered "Send your lawyers and we'll educate them." The token's onchain supply grew from 157,844 to 1.5 million in the 18 hours between the two posts, and at least 23 memecoins whose names spell AMC launched against it.
Nomura’s Laser Digital Backs ZIGChain’s Emerging-Market Private Credit Push
Laser Digital bought ZIG tokens and will structure and risk-govern a pipeline of vault products with ZIG Markets, which says it has originated more than $50 million with no defaults so far. The investment size was not disclosed.
Tokenized Stocks Hit Records Across Every Major Venue as Sector Reaches $2.3B
Ondo, Backed Finance, and Robinhood Chain all set all-time highs in tokenized equity holdings this week, while dYdX's new Arcus exchange posted record perps volume — signs the market for onchain stocks is scaling on multiple fronts at once.
SpaceX Opens for Public Trading Friday With a Live Crypto Tokenized-Equity Stack Behind It
SpaceX begins trading on Nasdaq at 9:30 AM ET Friday under SPCX. The same morning, Ondo's SPCXon, Kraken's xStocks SPCXx, a Backpack Securities-issued SPCX token on Solana, and Hyperliquid's pre-IPO perpetual all settle into a single live tokenized-equity stack.
Circle's USYC Becomes Largest T-Bill Fund on BNB Chain at $2.9 Billion
Circle's USYC tokenized Treasury bill fund has reached $2.9 billion in market cap, becoming the largest T-Bill fund deployment across blockchain networks.
