Based on @tokenterminal data, tokenized funds, commodities, and stocks are all showing massive growth over the past 5 years. Stablecoins still lead with $301.5B market cap, but the next wave is already forming across tokenized funds, commodities, and equities.

Sergei Goriachev, COO & Co-founder of PIPO, puts it clearly: Tokenization only matters when it solves real market friction. It is not just about putting assets “on-chain.” The real value comes when regulation, settlement rails, secondary markets, and user experience finally work together in one place. That is where tokenization becomes useful infrastructure, not just another wrapper.

Tokenized assets are scaling faster than many expected. Asset-backed credit reached a $1B market cap in just 185 days, making it the fastest category on the list, while venture capital took the longest at 7 years 7 months. The race to $1B is getting more competitive and the winners are the categories finding product-market fit onchain first.

RWAs may look like a massive on-chain category, but most of the value still cannot really circulate. Based on @RWA_xyz data, the market is around $380B, yet only about $31B is actually transferable between investors. The remaining $349B mostly functions as issuer-side records, not liquid on-chain assets. Even within the transferable bucket, collateral usage is still tiny. Roughly $1B is currently active as lending collateral across Morpho and Aave Horizon, meaning only a small fraction of usable RWAs are integrated into DeFi credit markets. Compare that with perps. RWA-related perp activity is already moving much faster, with tens of billions in weekly volume and Hyperliquid’s RWA open interest recently reaching $3B

RWA market cools down, but participation tells a different story. Total distributed RWA value is now at $31.76B, down 1.45% over the last 30 days. But while asset value declined, asset holders continue to show resilience, suggesting that market participation remains healthy despite a short-term pullback.

Tokenized stocks are becoming a major RWA narrative in 2026. Coinmonks listed PIPO among the best platforms for tokenized pre-IPO equity. Pre-IPO investing is no longer only for institutions. Read more 👇 medium.com/coinmonks/where-t…

PIPO launches its El Salvador Hub 🇸🇻 A key step to strengthen regulated infrastructure for tokenized pre-IPO investments. Regulated pre-IPO access, built on-chain with PIPO. crypto.news/pipo-launches-el…

Bought some Pendle YT $USD3 What makes this YT different from most others is that it gives direct $JANE emissions, not just a points program. The emissions are expected to be fully minted by Q4 2026. I tried using their farm calculator. If $JANE launches at a $50M FDV, the estimated $JANE rewards APY is around 3.44%–20.65%. YT USD3 also has a weekly reward boost, currently around 8.23%. If the underlying yield stays constant at 7%, buying YT at a 12% implied yield can still generate a net YT APY of 3.23% before $JANE emissions: 7% underlying yield 8.23% reward boost - 12% implied yield = 3.23% net YT APY If we buy $1,000 worth of YT, we get around 20,564 YT. Assuming the underlying yield and reward boost remain constant, this could generate around $672.44 PnL from the YT yield/boost alone, plus around $707.40 from $JANE emissions at a $50M FDV using the lowest estimated rewards APY of 3.44%. So in the lowest FDV scenario, the total estimated PnL would be around $1,379.84. Note: this math only works as expected if the underlying yield and reward boost remain constant, and if the rewards are not reduced or diluted. YT USD3: app.pendle.finance/trade/mar… 3Jane Farm: app.3jane.xyz/farm

So TGE first, then stabledrop? Wen $CAP? Let’s fucking go

SPCX: SpaceX IPO Access Goes Tokenized SpaceX is expected to begin trading under the ticker $SPCX, opening a new chapter for one of the world’s most anticipated IPOs. What makes this interesting is not only the SpaceX story itself, but how access to IPOs is changing. Through tokenized IPO access, eligible users can get exposure to IPO shares in a more crypto-native way. This shows how traditional finance and on-chain markets are starting to connect. Key Timeline: • Registration & subscription: June 7–11 • Allocation period: June 11–12 • SPCX trading begins: June 12 For years, IPO access was mostly limited to institutions and selected investors. SPCX could become an important case study for how tokenization makes early-stage public market access more open, liquid, and globally accessible. At PIPO, we believe this is where the market is heading: early access, better liquidity, and broader participation. app.pipo.vc/

🇺🇸🇮🇷US-Iran Tension Eases as Trump Cancels Planned Strike, Boosting Bullish Market Sentiment Geopolitical risk is starting to cool down. After previously threatening a direct strike on Iran, President Trump has now cancelled the planned attack, citing progress in high-level diplomatic discussions. For the market, this matters. Lower geopolitical escalation can help reduce uncertainty, improve risk sentiment, and potentially support a stronger risk-on environment across crypto and equities. While the situation is not fully resolved and the naval blockade remains in place, the shift from military action toward negotiation is a constructive signal for global markets. In periods like this, the market often reacts not only to what happens, but also to what risk is being removed. If de-escalation continues, liquidity and confidence could gradually return to risk assets.

I joined $CAP ICO via Uniswap CCA. I allocated part of the funds from my expected stabledrop into this sale. I set my max FDV at $200M, since as Frontier participant I got access from $75M starting FDV. My average entry will likely be around $150M Imo $75M FDV with 100% unlock is quite cheap for DeFi project with $321M TVL, especially as TVL is rising again. A $200M FDV also seems possible, considering $SLX managed to stay around $200M FDV after listing and reached around $500M FDV at peak. I believe in these two young builders: @0xZergs and @Benjamin918_ FYI, David invested in Cap, so maybe David can share some CHIPS tips with Ben. Since I am reinvesting my future stabledrop here, please @defidave don’t change the stabledrop terms. The public ICO will likely start tomorrow. If you are not a Frontier user, you can join tomorrow. KYC here: identity.predicate.io/prereg… They use Sumsub, so if you have used it before, the process should be easy for you. Check the ICO here: app.uniswap.org/explore/auct…

PIPO Point Program is now live 🐧💙 Points multiplier has been adjusted to 1.8x for all users ⚡️ To activate it, register using the same email you used when joining the waitlist. Start earning PIPO Points today. The earlier you join, the better your position in the points race. Early users win. Start here: app.pipo.vc/

$RE will be listed on Coinbase With solid product and fresh RWA narrative, it should be easier for $RE to gain traction, similar to $CHIP RE Point Program Season 1 seems quite underfarmed. If you farmed using YT, you may have been able to earn free points, or by using looping, you could potentially get both free points and yield. Now we only need to wait for the official listing date and point conversion ratio. Based on the total points, if $RE launches at $200M FDV, then the value per 1M points would be around $20 $200M FDV seems quite achievable for $RE. Hopefully, there will be no vesting. Check your estimated airdrop here: coinfoin.com/re-airdrop-simu… Season 2 will run for 6 months. If you want to farm S2, you can start here: app.re.xyz/?ref=coinfoin Use the link for a 6% referral boost.

If I could build one new app on Base, it would be PIPO. A pre-IPO access app that brings private market opportunities onchain. VCs get in early before the public market. PIPO makes that playbook accessible to everyone.

With the recent APYX & STRC stress test, it seems Pendle was also affected, with volume declining across both YT and PT But this could be a good opportunity for me Place limit orders to farm incentives, keep earning $PENDLE, while others are panicking

PIPO was represented at WAIB Summit Monaco 2026 🇲🇨 @waibsummit A great event bringing together builders, investors, institutions, and innovators across Web3, AI, digital assets, and tokenization. If you’re a Base builder, RWA enthusiast, DeFi protocol, or community looking to explore new opportunities, let’s connect with PIPO 🐧💙 Where should PIPO go next?

Goldman Sachs is bringing real estate funds onchain. Through its blockchain platform GS DAP®, Goldman Sachs supports the tokenization of fund shares for a blockchain-native real estate fund, in collaboration with Apex Group, Archax, LRC Group, and Ownera. This is another signal that institutional RWA adoption is moving beyond experiments, toward regulated fund structures, real asset exposure, and more efficient onchain markets. Real estate is coming onchain.

From stablecoins to tokenized funds, commodities, and stocks, onchain asset markets are expanding across multiple chains. Ethereum still dominates most categories, but Solana, BNB Chain, Base, and other ecosystems are starting to capture real growth.

This is the VC playbook: Get in before IPO. Exit when it reaches the public market. For years, this game was only for funds, insiders, and big checks. Now the same mechanics are moving onchain. The VC playbook is no longer only in the room. It’s in your hands. 👉 pipo.vc/waitlist