RWA Weekly Roundup Another big week for tokenization. SpaceX went onchain on its IPO day, Citi opened private markets to wealthy clients via blockchain, and a 589% surge in the RWA market confirmed this is no longer a niche story. Latest tokenization news ↓ 1️⃣ SpaceX tokenized on the same day as its IPO For the first time, a major public offering became accessible onchain on the exact day it went public. The dollar IPO price, live on Solana, Ethereum, and BNB Chain simultaneously, a new standard for what it means to launch a public company. 2️⃣ Citigroup launches Digital Depositary Receipts for private company shares Citi introduced a blockchain-based structure that gives wealthy and institutional investors tokenized exposure to private company shares, with Citi acting as both issuer and custodian, and settlements recorded on Swiss operator SIX's infrastructure. Private markets have a new onchain front door. 3️⃣ DBS brings tokenized physical gold to Singapore retail investors DBS is launching a tokenized gold product backed by physical holdings, with plans to list on its Digital Exchange for accredited and institutional investors. One of Asia's most trusted banks is making commodity ownership programmable and accessible at the retail level. 4️⃣ Franklin Templeton partners with MoonPay to expand BENJI distribution Franklin Templeton's tokenized money market fund is now integrated with MoonPay's trading infrastructure, allowing eligible institutions to move seamlessly between stablecoins and tokenized fund products, broadening access while reducing friction at the point of entry. 5️⃣ Binance Research: tokenized RWA market up 589% since early 2025 The market for tokenized real-world assets has surged 589% in roughly 18 months, with tokenized stocks recording 422% growth and bonds adding $6.5 billion. Binance Research noted that 2026 marks the shift from a Treasury-dominated narrative to a diversified yield ecosystem. 6️⃣ Japan completes its first real-time DVP settlement for security tokens using DCJPY Japan's first delivery-versus-payment settlement for security tokens using the digital yen settled without delay or intermediary friction. A milestone for Asia's tokenized securities infrastructure and a signal that programmable settlement is entering regulated markets beyond the U.S. and Europe. Closing note A SpaceX IPO went onchain, private markets opened via blockchain, and an 18-month surge confirmed the numbers behind the narrative. Tokenization is not growing into mainstream finance. It is already there and the surface area keeps expanding.

RWA Weekly Roundup Tokenization is transforming finance. This week, America's biggest banks planned a shared deposit network, Citi projected a $5.5 trillion tokenized market by 2030, and the plumbing of global finance moved visibly onchain. Latest tokenization news ↓ 1️⃣ Citi projects tokenized asset market reaching $5.5 trillion by 2030 Citi's "Tokenization 2030: Wall Street Onchain" report forecasts the market growing from $17 billion today to $5.5 trillion by 2030 in its base case, with a bull scenario of $8.2 trillion. Three forces drive it: DTCC, NYSE, and Nasdaq embedding tokenization into core infrastructure; stablecoins reaching $1.9 trillion to provide atomic settlement; and improving regulatory clarity across key jurisdictions. 2️⃣ America's biggest banks plan a shared tokenized deposit network JPMorgan, Citi, Bank of America, Wells Fargo, and 12 other banks are collaborating on a joint tokenized deposit network targeting launch by H1 2027. When the largest institutions in U.S. banking coordinate on shared infrastructure, it signals a structural shift, not a product launch. 3️⃣ Goldman Sachs launches a tokenized real estate fund on GS DAP Goldman Sachs issued a blockchain-native real estate fund on its own distributed ledger platform, with LRC Group as fund manager and Archax as custodian. One of Wall Street's most influential banks is now issuing real assets directly onchain. 4️⃣ Mastercard extends stablecoin settlement across eight blockchains Mastercard announced the use of stablecoins to enable intraday and weekend settlement between card issuers and acquirers, across eight blockchains and six regulated stablecoins. Settlement windows that once ended on Friday are now continuous. 5️⃣ DTCC selects Stellar as a second blockchain for its tokenization rollout Building on its July pilot and October full launch, DTCC announced Stellar as an additional public blockchain for its tokenized securities service, expanding the network reach of the institution that custodies over $114 trillion in assets. 6️⃣ Ondo tokenized stocks set to be usable as collateral on OndoPerps OndoPerps, the RWA perpetuals platform powered by Ondo technology, launches June 9 for non-US users, with tokenized stocks and ETFs usable directly as collateral. Onchain capital is becoming productive, not just held. Closing note A $5.5 trillion projection, a 16-bank coalition, and the world's largest clearinghouse choosing its blockchain infrastructure, all in the same week. The tokenized financial system is not being imagined. It is being architected, institution by institution, in real time.

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RWA Weekly Roundup The golden era of tokenization is here. Tokenized equities hit a new daily volume record, Franklin Templeton reached Asia, and the institution that custodies $114 trillion in securities set a concrete launch date for tokenized assets. Latest tokenization news ↓ 1️⃣ Tokenized equities hit record $3.57B in daily trading volume Daily volume across tokenized equities reached a new all-time high, reflecting growing institutional and retail demand for onchain access to U.S. public markets around the clock. 2️⃣ DTCC sets July 2026 pilot and October launch for tokenized securities The institution that processes $4.7 quadrillion in securities transactions annually announced limited production trades for tokenized assets beginning July, with a full commercial launch in October. Over 50 firms, including BlackRock, Goldman Sachs, and JPMorgan are shaping the platform. The underlying assets retain all existing legal protections. Only the record-keeping moves onchain. 3️⃣ Franklin Templeton brings BENJI to institutional investors across Asia Through a partnership with Singapore-based DigiFT, Franklin Templeton is now distributing its tokenized money market fund to institutional and accredited investors across Asian markets, extending onchain fund access well beyond the U.S. 4️⃣ Boerse Stuttgart opens tokenized securities to 3.5M retail investors across Europe SocGen, SG-FORGE, and flatexDEGIRO joined Seturion, Boerse Stuttgart's pan-European tokenized securities settlement platform, opening the network to retail investors across 16 countries. Tokenized finance is no longer just an institutional story. 5️⃣ Solana's RWA ecosystem grew 43% in Q1 alone Solana's onchain RWA value reached $2 billion by end of Q1 2026, driven by tokenized U.S. stocks, ETFs, and commodities. The network now settles nearly half of stablecoin volume across major chains. 6️⃣ $34B in tokenized RWAs, but less than 10% is active in DeFi Onchain real-world assets hit a new all-time high of $34 billion this week, yet only $2.47 billion is actively deployed in DeFi protocols. The gap between tokenized ownership and composable, moveable capital remains the defining challenge of this moment. Closing note A post-trade giant, a major European exchange, and one of the world's largest asset managers all moved toward the same infrastructure layer this week. The assets are onchain. The institutions are in. What comes next is making those assets actually move.