Ondo Called It Expansion, Then Halted USDY on Two Chains
Ondo stopped minting USDY on Aptos and Noble on September 8. The tokens stay redeemable, but Noble is the chain that feeds USDY to the Cosmos networks.
Ondo stopped minting USDY on Aptos and Noble on September 8. The tokens stay redeemable, but Noble is the chain that feeds USDY to the Cosmos networks.
The SEC's first transfer agent overhaul since the 1980s runs 421 pages and adds blockchain reporting, yet only two onchain firms have registered so far.
Robinhood Chain is nearing 1 billion in TVL two months after its launch, but Uniswap supplies almost all the liquidity while tokenized stocks stay small.
Tokenized stock transfers hit $29.5B, up 415% in a month. The value actually held on chain rose just 1.45%, and three venues hold 81% of the total.
MANTRA brought its chain back online with a patched build, but the postmortem it promised never arrived and the fix quietly blocklisted an address.
Injective's affiliate registered as an SEC transfer agent and INJ rose 8%. The filing is a routine 30-day process that regulates nothing on-chain.
DefiLlama lists 99% of Hyperliquid fees going to the HYPE buyback. Over 30 days only 69% arrived, and 61% in the last day.
Nigeria cleared tokenized stocks for its OTC exchange NASD. The venue traded N65.2 million across 31 deals on August 3, near $47,900.
The BIS closed Project Agora's live round with about CHF 800,000 settled. The widely repeated 28-bank figure counts central banks and SIX too.
June stablecoin volume hit a record $1.79 trillion while supply shrank. USDC turned over its float 16 times. USDT managed three.
Everything large-cap is red, yet a wall of small tokens is green, led by OPN up 58%. The reason is mostly thin liquidity and bounces off recent lows, not strength.
In March 2026, Solana briefly surpassed Ethereum in the number of wallets holding tokenized real-world assets — a milestone the Solana Foundation announced publicly. The lead lasted hours. Ethereum holds roughly $15.4 billion in RWAs. Solana holds approximately $1.7 billion. The two chains are winning on different dimensions of the same race — and neither lead is as clean as the headline suggests.
Tokenized real-world assets have tripled in 17 months. U.S. Treasuries account for $16 billion. Ethereum carries 60% of the total value. BlackRock's BUIDL fund alone passed $2.5 billion. The question is no longer whether tokenization works. It is whether anyone outside finance will notice before it is too late to compete.
The filing asks SEC staff to confirm that recording securities entitlements on Ethereum Mainnet will not trigger enforcement action. If SEC staff approve, it would be the first formal confirmation that public blockchain infrastructure can operate within the U.S. securities recordkeeping system.
Bitcoin dropped 4%, Ethereum dropped 4%. Ondo surged 9% and Canton gained 7%. Behind each move: Visa and Franklin Templeton. The total value of tokenized real-world assets crossed $12 billion in March 2026. Fifteen months ago it was $5 billion.
On-chain tokenized RWAs crossed $26 billion in value in early 2026 — up from $6.6 billion just one year prior. The mechanism behind that number is simpler than the jargon suggests — and the implications for traditional finance are substantial.
Real World Assets, or RWA, refers to the tokenization of off-chain assets including treasuries, real estate, private credit, equities, and commodities onto blockchain rails. The category has moved from concept to one of the fastest growing sectors in crypto. The coverage here tracks what matters: tokenized treasury products from BlackRock’s BUIDL, Franklin Templeton’s BENJI, Ondo’s USDY, and the rest of the cohort that now collectively manages tens of billions in on-chain treasuries, private credit tokenization through platforms like Maple, Goldfinch, and Centrifuge that bring institutional lending on-chain, regulatory frameworks as the SEC, CFTC, and international regulators figure out how tokenized securities fit existing rules, Ethereum and Solana competition for hosting the largest tokenized asset issuers, the Ondo Finance no-action request on recording securities on Ethereum and similar regulatory tests, and the traditional finance integration as banks, asset managers, and brokerages launch their own tokenization platforms. RWA represents the convergence point where crypto infrastructure meets traditional finance. The flows are real, the issuers are recognizable, and the regulatory clarity is finally improving. Coinliva covers the product launches, the regulatory filings, the issuer competition, and the broader question of whether RWA becomes the largest category in crypto by total value within the next several years.