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Topic

Real-World Asset Tokenization

Representing off-chain assets—like Treasuries, real estate, and equities—as blockchain tokens to enable fractional ownership, trading, and settlement.

Current stories

investOne report1 publisher

BNB Chain overtakes Stellar to hold 59.8% of Franklin Templeton's onchain fund assets

Franklin Templeton holds about $1.5 billion, or 59.8%, of its roughly $2.55 billion in onchain fund assets on BNB Chain, Crypto Briefing reported. The other nine chains split about $1.03 billion, roughly $114 million each on average.

Reality

Evidence40
Adoption30
Hype gap+15
Incentives
Not scored
Confidence45
investConfirmed4 publishers

IMF finds $2.3 billion of tokenized stocks already price the overnight session

IMF research finds more than 85% of overnight moves in tokenized U.S. stocks show up in the listed shares within five minutes of the open. The fund still wants ownership rules settled before a market this thin grows much larger.

Perspective Coverage

4 publishers
Builder
Builder 26%
Operator
Operator 35%
Investor
Investor 39%

Reality

Evidence72
Adoption6
Hype gap+10
Incentives40
Confidence70
investOne report1 publisher

Commodity token issuers bet on metal lending to grow a $5.55 billion market built on gold

Paxos Labs, Theo and EnSub are pitching metal lending and oil tokens to grow a tokenized commodities market CoinGecko valued at $5.55 billion in March. Each adds borrower or storage risk to a price bet, and those risks will set how far the market grows past gold.

Publishers:coindesk.com

Reality

Evidence40
Adoption30
Hype gap+55
Incentives80
Confidence45
investOne report1 publisher

XRP Ledger's Permission Delegation splits payment and compliance duties without capping amounts

XRP Ledger's Permission Delegation went live Oct. 8, letting institutions hand specific transaction rights to other accounts without sharing primary keys. Because the grants cannot carry spending limits, institutions keep their own checks on how much a delegate sends.

Publishers:cryptoslate.com

Reality

Evidence58
Adoption30
Hype gap+22
Incentives65
Confidence45
investOne report1 publisher

Tokenized stock SPVs cluster in Jersey, the BVI and Abu Dhabi, with Jersey holding $651 million of the $2.93 billion market

Large issuers led by Ondo, Kraken's xStocks and Binance bStocks hold about 81% of $2.93 billion in tokenized stocks via offshore SPVs, RWA.xyz data shows. A holder's claim runs to the vehicle and not to the company behind the share, so issuer, custodian and governing law become part of what the buyer owns.

Reality

Evidence35
Adoption40
Hype gap+15
Incentives
Not scored
Confidence40
investOne report1 publisher

Binance and Ondo wrap most of the estimated $314 million to $345 million in tokenized Circle stock

Outside issuers have tokenized an estimated $314 million to $345 million of Circle's stock, about 1.7% of its market value, Crypto Briefing reported. Token holders are not shareholders of record, so each token's tie to the $80-to-$82 share depends on the firm that wrapped it.

Reality

Evidence42
Adoption40
Hype gap+15
Incentives
Not scored
Confidence40
investOne report1 publisher

Pendle lists an 11.59% fixed rate on the senior slice of Brazilian card receivables

Pendle Finance opened a fixed-yield market on srnOPAL, the senior tranche of BlackOpal's Brazilian card-receivables vault, quoting an 11.59% APY. With roughly 15% of junior capital taking losses first, buyers are underwriting Brazilian card credit and BlackOpal's off-chain reporting.

Reality

Evidence35
Adoption
Not scored
Hype gap+25
Incentives60
Confidence40
investOne report1 publisher

Most new tokenized-commodity wallets land on chains holding 5% of the sector's value

Wallets holding tokenized commodities rose to 452,931 from about 126,000 a year ago, according to rwa.xyz data. Most of the new arrivals are opening small accounts on cheaper chains, while about 95% of the sector's $5.16 billion stays on Ethereum.

Reality

Evidence55
Adoption40
Hype gap+20
Incentives
Not scored
Confidence50
investConfirmed7 publishers

Tether's Kazakhstan MoU puts its Hadron platform in contention for Alatau City's $60 million plan

Tether signed a non-binding MoU with Kazakhstan's central bank on a tenge stablecoin and pilots in Alatau City, where up to $60 million is to be tokenized. Nothing has been approved, and the parties have yet to choose an issuer, a blockchain or a reserve structure for the token.

Perspective Coverage

7 publishers
Builder
Builder 21%
Operator
Operator 40%
Investor
Investor 39%

Reality

Evidence70
Adoption8
Hype gap+28
Incentives62
Confidence66
investConfirmed3 publishers

Mike Cagney raises $19 million for a self-custody front end stocked first with Figure's yield products

Navra, the new company of SoFi and Figure co-founder Mike Cagney, raised a $19 million Series A led by Ribbit for a self-custody front end to on-chain yield. Whether banks take it white-label will test if it is a neutral gateway or a sales channel for Figure, which Cagney chairs.

Perspective Coverage

3 publishers
Builder
Builder 34%
Operator
Operator 23%
Investor
Investor 43%

Reality

Evidence40
Adoption
Not scored
Hype gap+40
Incentives80
Confidence60
investOne report1 publisher

Coinbase hires Chainlink to price tokenized Apple and NVIDIA, and the collateral question opens

The oracle deal is the part that lets Apple and NVIDIA tokens be liquidated, which is the part that lets them be borrowed against. The wrapper sits in Abu Dhabi, and US residents are excluded.

Reality

Evidence40
Adoption30
Hype gap+30
Incentives
Not scored
Confidence40
investConfirmed3 publishers

Ondo sells 24/7 exposure to a pre-IPO AI company through an unnamed issuer's notes

Ondo Finance launched notes that let eligible non-U.S. investors trade exposure to an unnamed pre-IPO AI company around the clock. Each token is an issuer's promise to pay, so a buyer has to price that counterparty and the thin disclosure around it as well as the company.

Perspective Coverage

3 publishers
Builder
Builder 15%
Operator
Operator 32%
Investor
Investor 53%

Reality

Evidence55
Adoption10
Hype gap+35
Incentives70
Confidence60
investOne report1 publisher

Cardano's CIP-113 lets one issuer's freeze lock every asset sharing its output

Cardano's CIP-113 token standard, merged on Sept. 29, lets an issuer's freeze on one asset block unrelated tokens and ADA held in the same output. Wallets and lenders have to decide how they bundle assets before a freeze, since the issuer's rules can forbid splitting them afterward.

Publishers:cryptoslate.com

Reality

Evidence55
Adoption8
Hype gap+30
Incentives55
Confidence50
investOne report1 publisher

Securitize's SECZ has taken in more since July than BNB Chain's lead in tokenized stocks

Tokenized stocks hit a record $3.8 billion, beating the top of a $3.5 billion to $3.7 billion forecast, with BNB Chain holding the largest share. Its lead over Ethereum in earlier snapshots was $170 million to $350 million, close enough for one issuer's flows to reverse.

Reality

Evidence45
Adoption30
Hype gap+20
Incentives50
Confidence40
investOne report1 publisher

Paxos Labs' PaxGy leases its gold reserves to institutions to grow holders' ounces

Paxos Labs launched PaxGy, a token built on the $2 billion PAXG that lends its gold to institutional borrowers so holdings grow in ounces. The extra metal comes from borrowers, so a holder takes on their credit risk as well as the gold price PAXG tracks.

Reality

Evidence35
Adoption
Not scored
Hype gap+15
Incentives70
Confidence40
investConfirmed4 publishers

Ondo packages three BlackRock-designed portfolios as single tokens for non-US investors

Ondo Finance launched three tokens that each hold a rebalanced basket of its tokenized stocks and ETFs, using strategies BlackRock designed. Using the tokens as DeFi collateral is so far only a possibility Ondo has named.

Perspective Coverage

4 publishers
Builder
Builder 28%
Operator
Operator 27%
Investor
Investor 45%

Reality

Evidence62
Adoption15
Hype gap+35
Incentives60
Confidence58
investOne report1 publisher

Standard Chartered puts a DeFi research desk beside its ETF and stablecoin access

Standard Chartered has placed a dedicated DeFi research desk beside its ETF and stablecoin access, citing DeFi value locked that reached $114bn in 2025. The move makes on-chain research part of the access layer the bank sells, grouped with the custody and trading it already offers.

Reality

Evidence35
Adoption25
Hype gap+30
Incentives75
Confidence45

Earlier coverage

  1. Binance Research's 2030 base case asks tokenized stocks to grow 79-fold from $4.43 billion

    Invest · October 1, 2026 · Confirmed2 publishers

  2. Robinhood matched BNB Chain's 500,000 tokenized-stock holders in about six weeks

    Invest · August 16, 2026 · Confirmed2 publishers

  3. BUIDL takes back the tokenized Treasury lead with under a fifth of the market

    Invest · August 30, 2026 · Confirmed2 publishers

  4. Standard Chartered sets 66x ARB target for 2030, betting on tokenization growth

    Invest · September 15, 2026 · Confirmed3 publishers

  5. 836 tokenized stock listings on X Layer average $109,000 apiece

    Invest · September 12, 2026 · One report1 publisher

  6. Robinhood's stock token bundles AMC's share price with Robinhood's own credit risk

    Invest · September 4, 2026 · Confirmed3 publishers