Tokenized stocks hit 32% of RWA market as gold loses ground
XAUT and PAXG dropped from nearly 100% to 68% of tokenized assets in a year, with stocks and ETFs absorbing the rest as centralized exchanges roll out retail equity products.
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XAUT and PAXG dropped from nearly 100% to 68% of tokenized assets in a year, with stocks and ETFs absorbing the rest as centralized exchanges roll out retail equity products.
Tokenized shares of Apple, Tesla, and commodities like oil and gold are now usable as margin on a 24/7 perp venue, a structural step for real-world assets meeting on-chain derivatives.
A tokenized stock is usually a structured note, not a share. You get the price exposure but not the share itself, and that gap hides issuer, redemption, and legal risks most users miss.
Wall Street plumbing is moving onchain: DTCC goes live in July, NYSE and Nasdaq are building settlement rails, and a $1.43B tokenized RWA market just printed 26% monthly growth.
Roughly $24 billion sits in tokenized gold and treasury products. Most investors never check if those tokens are actually backed. Here's how to verify reserves without trusting the issuer's deck.
The New York Stock Exchange is taking steps to enable trading of tokenized securities on its platform alongside…
The $2.5T asset manager joins BlackRock, State Street and ProShares in chasing a market Citi sizes at $4T by 2030, and the GENIUS Act just made the entry price lower.
Coinbase is set to launch tokenized stock trading, bringing traditional equity exposure directly onto its crypto-native…
Coinbase said Tuesday it will launch tokenized U.S. stocks backed one-for-one by the underlying equities, letting users…
The move ties Coinbase directly to the reserve infrastructure that compliant USDC-style stablecoins will sit on once the GENIUS Act takes effect — the first major exchange to write a check into a…
The STA's letter pushes the Commission to draw a hard line between authorized onchain equity and synthetic wrappers.
As Tokyo tightens and Brussels draws a hard line, the world's largest asset manager launches a Bitcoin income ETF that turns volatility into a sellable product.
Tokenized money market funds are regulated fund shares with floating NAVs, while stablecoins are payment tokens pegged to $1. The legal wrapper changes everything.
While institutions pour capital into Circle, Citadel and Stripe-adjacent plays, retail attention is still parked on a Bitcoin chart that's going nowhere fast.
Backed 1:1 sounds reassuring. But tokenized gold is a chain of claims, not a bar in your hand, and the failure modes live in the seams.
Gold tokens like PAXG and XAUT track metal prices with no yield. T-bill tokens like BUIDL and OUSG pass through ~4-5% yield but add custodial and KYC layers. They're different tools, not rivals.
The adoption delta is moving from crypto exposure to financial plumbing, with BlackRock's $311B Ethereum move leading a day of mixed signals.
Ondo Finance tokenizes US Treasuries into USDY and OUSG, gated to verified investors. Here's how each product differs and what ONDO the token actually does.
A positive BTC basis can resemble safe yield, but leverage, funding shifts, and liquidation rules can turn a hedged trade into forced spot selling.
Open interest reveals how much capital is riding on crypto derivatives. Here's what it measures, what rising or falling open interest can suggest, and its limits.