tokenized

The DeFi lending protocol Kamino announced the launch of a USDC loan service using Backpack tokenized stocks as collateral. Borrowers can receive up to 40% of the collateral's value.The market will maintain its last stock price outside of U.S. trading hours, which means that during U.S. stock market closures, the collateral valuation of the tokenized stocks will be based on their last transaction price, allowing borrowers to continue lending operations during non-trading hours.

DBS's survey shows that among the tools being used or planned for adoption, stablecoins account for 63%, tokenized deposits account for 53%, and tokenized money market funds account for 52%.71% of respondents indicated that real-time cross-border payments have improved or are expected to improve within two years. Regulatory uncertainty, security risks, and difficulties in system integration remain major obstacles, with about 64% of respondents hoping that banks will become a unified entry point into the tokenized currency ecosystem.

According to market news, Mirae Asset Securities (HK), a subsidiary of Mirae Asset Securities in South Korea, announced that it has completed a tokenized financing note issuance on the Solana blockchain, targeting qualified institutional investors.The note is denominated in US dollars, has a six-month term, and is a floating-rate note, included in the company's $3 billion guaranteed structured note program. Marketnode, a regulated digital market infrastructure operator in Singapore, acts as the authorized distributor, with support from the Solana Foundation. Mirae Asset is responsible for the token issuance, payment, and full lifecycle management. The note is offered only through private placement to professional investors as defined by the Hong Kong Securities and Futures Ordinance, and is not approved or registered by the Hong Kong Securities and Futures Commission.

The leverage for the security warehouse, unified account model, and unified account professional version will add 5 types of bStocks tokens on October 28, 2026, at 20:00---Bending Spoons (BSPB), GraniteShares 2x Short SK Hynix ETF (SKDDB), GraniteShares 2x Long SK Hynix ETF (SKUUB), GE Vernova (GEVB), and Applovin (APPB)---as qualified collateral assets. Eligible users can use these tokens as margin collateral.

The Hong Kong Investor and Financial Education Committee issued a notice highlighting the risks of trading tokenized funds in the secondary market, including price discrepancies and trading risks, liquidity risks, price fragmentation risks, and reliance on market makers risks. The Committee stated that tokenized funds traded on virtual asset trading platforms may experience significant premiums or discounts compared to their net asset value.The Committee pointed out that investors should understand the investment objectives, strategies, characteristics, operations, and related investment risks of the underlying funds, as well as the tokenization arrangements, including whether transactions are ultimately settled on-chain or off-chain and the associated risks. Investors should also pay attention to trading channel information, market maker arrangements, applicable fees, potential trading suspensions, secondary market trading risks, and the options and related impacts of purchasing or redeeming tokenized fund units at net asset value.

Grvt has subscribed to the tokenized financing notes arranged by the Hong Kong subsidiary of Mirae Asset Securities, one of South Korea's largest brokerages, as the first step in the cooperation between the two parties.Grvt stated that it plans to integrate the relevant exposure into its wealth management feature Grvt Earn. In the future, both parties will also explore products such as tokenized government bonds, corporate bonds, and ETFs. Grvt indicated that products like tokenized government bonds are only potential directions and not confirmed for launch, depending on regulatory and internal approvals.

According to a report by unfolded, Janus Henderson has launched the tokenized fund JQQQ, which is the first tokenized fund authorized by the Nasdaq-100 Index. JQQQ is issued on the Stellar chain based on Centrifuge technology and is only available to qualified non-U.S. professional investors, with a minimum investment of $100,000.The Nasdaq expanded the scope of index authorization earlier in 2026. Currently, JQQQ has not disclosed its assets under management and trading volume.

According to an official announcement from Ripple, Bank of New York Mellon (BNY) has supported XRP and the US dollar stablecoin RLUSD on its digital asset custody platform. Eligible institutional clients can custody, hold, and transfer related assets through this platform. The two parties are further expanding their digital asset collaboration based on the existing RLUSD reserve custody and Ripple Prime custody partnership.BNY plans to expand support for tokenized assets and investment products on the XRP Ledger (XRPL) and collaborate with Ripple, allowing clients to directly mint and redeem RLUSD through BNY in the future. Additionally, both parties are exploring XRPL-based supply chain financing solutions with the working capital platform C2FO, tokenizing trade financing assets such as accounts receivable to broaden investor participation channels.

The tokenized asset data platform RootData has reached a deep data cooperation with Payward, the parent company of Kraken, to provide financing and token economics-related data support, assisting in data decision-making in scenarios such as information disclosure, tokenized stocks, institutional services, and business expansion.Payward is the underlying financial infrastructure for Kraken and its ever-growing family of businesses. Its operations cover four main pillars: trading, banking, asset management, and B2B services, with its brands showing growth in areas such as tokenized stocks, derivatives, stablecoin payments, and institutional settlement.Against the backdrop of the accelerating wave of RWA and tokenization, the data synergy between the two parties is expected to help Payward achieve more efficient business expansion while also strengthening RootData's position as a core data infrastructure in the industry. Currently, RootData's API has over 260 cumulative clients, covering well-known platforms such as Ethereum Foundation, Binance Wallet, OKX Wallet, CertiK, Coinglass, and Coinone.

According to The Block, BlackRock Financial Management, BlackRock Japan, and Japan's financial group SBI Holdings, along with Startale Group, have signed a memorandum of understanding to explore connecting tokenized money market funds with the yen stablecoin JPYSC, and to study the related technological infrastructure, business models, distribution channels, and regulatory requirements.The four companies stated that the collaboration aims to promote interoperability between tokenized assets and stablecoins, and to open up cooperation opportunities for financial institutions and businesses in Japan and internationally. The collaboration is still in the exploratory stage, and a specific implementation timeline has not yet been announced.BlackRock launched the tokenized fund BUIDL in 2024, managing approximately $2.17 billion in assets at the time of the report. SBI Holdings will launch JPYSC with Startale in June 2026, issued by SBI Shinsei Trust Bank, with SBI VC Trade responsible for distribution.

The on-chain currency market Sixpence, aimed at tokenized U.S. stocks, will launch a points event on Robinhood Chain from October 26, 00:00 to November 23, 00:00 (UTC), with a total prize pool of 10,000 USDG, distributed in two phases of 5,000 USDG each.Sixpence allows users to borrow stablecoins using tokenized U.S. stocks such as AAPL, TSLA, NVDA as collateral, or to deposit stock tokens into the Vault to earn interest. The project has completed a $5 million seed round of financing, with investors including a16z CSX and others.

According to The Block, the RWA protocol Ondo Finance will open subscriptions for OpenAI's pre-IPO tokenized notes next week, allowing private clients to subscribe directly to the notes, which are currently trading in the secondary market.The expectation for OpenAI's IPO has been postponed to 2027, as CEO Sam Altman ruled out the possibility of a 2026 IPO last month citing AI safety concerns.

According to Token Terminal data, the market capitalization of Securitize's tokenized stock SECZ has fallen from a high of $430.4 million on September 28 to $208.6 million, shrinking by more than half in less than a month. During the same period, the market capitalization of the token tracking Circle's stock increased by about 20%, reaching $383.6 million, reclaiming the top position in the $3.3 billion tokenized stock market.The decline of the SECZ token coincided with the sell-off of its underlying stock on the New York Stock Exchange. On October 8, after Securitize launched its stock trading platform on Solana, the stock price briefly rose, but the gains were subsequently erased; Citigroup downgraded SECZ's rating from "Buy" to "Neutral" on October 13, citing concerns over revenue from the tokenized business. Last Friday, SECZ stock closed down 2.1% at $7.80 per share, corresponding to a market capitalization of $1.27 billion.Securitize is a platform that helps asset management institutions, including BlackRock, issue securities on the blockchain. The company went public on the New York Stock Exchange on July 2 and tokenized its common stock, becoming the largest tokenized stock at that time. Although Circle's related tokens have a leading total market capitalization, spread across multiple issuers, SECZ remains the single largest tokenized stock; among them, the CRCLb issued by Binance on the BNB Chain leads with a scale of $154.1 million.

According to official news from Bitget, the platform announced a collaboration with the structured product liquidity service provider VETA Finance to upgrade its stock dual-currency investment products. This upgrade expands the product pool on top of existing popular targets such as NVIDIA (rNVDA), Google (rGOOGL), and AMD (rAMD), enriching the investment duration options; relying on deeper liquidity support, it offers more competitive annualized returns while optimizing product structure and settlement mechanisms, bringing users a better trading experience and more diverse income opportunities.Currently, Bitget's stock dual-currency investment supports two strategies: "buy low" and "sell high." Users can use USDT or eligible U.S. stock tokens for subscription, and based on preset target prices and investment durations, complete corresponding asset conversions according to the settlement price at maturity and receive corresponding interest income.In addition, Bitget also plans to launch structured products such as accumulation purchase and accumulation sale options (AQ) with VETA Finance based on the rToken ecosystem, expanding the product layout from standardized wealth management to customized solutions, further enriching multi-asset wealth management options under the panoramic exchange (UEX) ecosystem.

Solana's official announcement states that there are currently 1.5 million people holding tokenized equities based on Solana, setting a new historical high. This data has increased fivefold since August.

The Hong Kong Securities and Futures Commission has approved the world's first tokenized funds for public offering to be traded on licensed virtual asset trading platforms in the secondary market. Two existing tokenized money market funds have begun offering round-the-clock trading. The Securities and Futures Commission will closely monitor trading activities and consider expanding the range of products.

According to Token Terminal data, the market capitalization of tokenized stocks issued by xStocks has reached 1 billion dollars, growing 802.5% over the past year.Among them, Solana ranks first with a market capitalization of 523.1 million dollars; followed closely by X Layer (304.1 million dollars) and Ethereum (165.1 million dollars). These assets are distributed across 9 blockchains.