RWA

VersaBank has moved its blockchain-based deposit strategy into the commercial phase in the United States, preparing to issue VUSD through its U.S. banking subsidiary as a digital representation of a conventional bank deposit. The October 15 announcement marks an important transition from pilot testing to commercialization for the Canada-based digital bank. VersaBank describes VUSD as […]

Ripple has partnered with South Korea’s Meritz Securities to explore institutional digital-asset custody and tokenization, extending Ripple’s infrastructure deeper into one of Asia’s most active financial markets. Announced on October 14, the strategic partnership will examine how Ripple Custody and Ripple’s tokenization infrastructure could be integrated into Korea’s capital markets. The companies plan to begin […]

Morgan Stanley is preparing for a financial system in which stocks, private funds and other traditional investments increasingly move onchain, with the bank’s digital asset strategy chief saying the tokenized real-world asset market could reach between $3 trillion and $10 trillion by 2030. Amy Oldenburg, Morgan Stanley’s Head of Digital Asset Strategy, told The Block […]

Nasdaq CEO Adena Friedman says blockchain-based financial infrastructure could release tens of billions of dollars currently tied up as collateral, as traditional markets move toward tokenized assets and potentially round-the-clock trading. Speaking to CNBC’s Joanna Ossinger at TOKEN2049 in Singapore, Friedman pointed to U.S. Treasurys, equities and money market funds as assets that could become […]

Securitize has launched blockchain-based access to major U.S. stocks through Solana, giving eligible investors a way to hold tokenized securities linked to underlying shares. The October 8 announcement introduces Securitize Stocks, a product designed to combine traditional equity ownership benefits with blockchain-based transfers and trading. The initial lineup includes shares associated with Apple, Microsoft, Nvidia, […]

Backpack is expanding the connection between traditional equities and blockchain markets by allowing its tokenized securities to move back into the corresponding underlying shares through its brokerage infrastructure. The mechanism was highlighted in a recent Solana post featuring Vibhu Norby, who explained how Backpack handles supply and redemption when demand for an onchain stock exceeds […]

Ondo Expands Intelligent Portfolios lineup from three products to seven, adding new strategies focused on Big Tech, artificial intelligence, crypto exposure and targeted income. The four new products are MAG7Xon, BRAINon, YLD5on and YLD8on. They join three portfolios launched in September using portfolio strategies developed by BlackRock for Ondo: BLKHIon, BLKDIGon and BLKGRWon. Ondo said […]

Ondo Finance and KakaoPay Securities are exploring a new framework for distributing Korean-listed stocks to overseas investors, combining Ondo’s global tokenization infrastructure with KakaoPay Securities’ domestic securities capabilities. The memorandum of understanding creates a path toward tokenized Korean equities, but no commercial product or launch date has been announced. The partnership was highlighted by Ondo […]

Real-world assets, commonly abbreviated as RWAs, are traditional financial or physical assets represented on blockchain infrastructure. The category includes assets such as U.S. Treasuries, corporate and private credit, investment funds, stocks, commodities and real estate. RWA tokenization connects those assets with programmable digital ledgers, creating new ways to record ownership, transfer value and automate financial […]