Every month, we’re diving into the state of tokenization: the biggest updates on tokenization being tokenized, what’s going onchain and offchain, who’s integrating with who and more.
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RWA distributed asset value: $535.07B
Number of RWA holders: 711.5K
Transfer volume: $737.62B
Total stablecoin value: $296.94B
Tokenized treasuries total value: $10.83B
Top 3 institutional funds by market cap:
The metrics are accurate at the time of publication. The percentage change is over a 30-day period.
Top 3 Launches That Caught Our Eye This Month
BlackRock is offering its $2.23B tokenized treasury fund, BUIDL, on Uniswap, via Securitize, allowing investors to trade the token on the DeFi platform.
Shareholders of Elemental Royalty Corp. can now choose to receive dividends in Tether Gold, a tokenized gold asset.
Wintermute is now letting its institutional users trade gold-backed digital assets, Pax Gold and Tether Gold, via its OTC trading desk.
Additional RWA & Tokenization Developments
Franklin Templeton and Binance have launched an off-exchange collateral program that lets investors use tokenized money market fund shares as collateral.
The total value of all tokenized stocks in circulation is up 3% over the last 30 days, to $946.6M, and monthly transfer volume has increased nearly 12% to $2.23B. Meanwhile, monthly active addresses declined 62% to 63.5K over the last 30 days, driven by broader sell-offs in the crypto market.
Billiton Diamond and Ctrl Alt have tokenized $280M in certified diamonds using Ripple’s XRP Ledger. Polished diamonds were issued onchain in the UAE, allowing investors to trade, invest and add liquidity in the tokenized commodities market.
Hang Feng Technology Innovation has launched a tokenized fund of funds (FOF) on Avalanche. The fund allocates to hedge funds and quantitative strategies managed by institutions.
Citi used Solana to represent a bill of exchange as a token, and executed the entire lifecycle (issuance to settlement) onchain.
Ondo Finance has launched its United States Dollar Yield (USDY) token on Sei, bringing its tokenized yield-coin that’s backed by short-term US Treasury notes to the network. This added $51.1M of RWA value to the blockchain.
Fireblocks has added support for Canton Network, enabling custody and settlement of Canton Coin through its platform.
WisdomTree now lets investors mint, trade and hold its regulated tokenized funds natively on Solana. The tokenized fund is also accessible on Ethereum, Arbitrum, Avalanche, Base and Optimism.
Figure deployed a tokenized version of its common stock (FGRD) to its OPEN blockchain. The company also upsized its secondary share offering to $150M.
Term of the month: Oracle
Definition: A bridge between a closed blockchain network and the outside world that securely fetches, verifies, and translates real-world data into a format that smart contracts can understand.
Used in a sentence: The bank integrated Chainlink’s oracle service to automatically track the spot price of gold.
Learn more?
Thomas Cowan, head of tokenization at Galaxy, spoke on Talking Tokenization about why institutional commitment to tokenization remains strong, despite crypto market volatility.
Billy Miller, COO of Securitize, went on Talking Tokens to give his take about how transfer agents evolved from background infrastructure to critical onchain infrastructure
This is the State of Tokenization. February Edition.
This product was built by Token Relations.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.
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