SEC Codifies Blockchain Recordkeeping, 21 Global Banks Join Forces on a Stablecoin — RWA Reaches a Mainstreaming Tipping Point
Today’s Focus
The SEC issued its first transfer agent rule proposal since the late 1970s, formally recognizing blockchain recordkeeping as a compliant tool for securities ownership records. The same day, 21 financial giants spanning five continents (Bank of America, Citi, Goldman Sachs, Wells Fargo, UBS, Deutsche Bank, MUFG and more) announced a joint compliant stablecoin, targeting a 2027 launch. Regulatory infrastructure and institutional capital are arriving in tandem, pushing RWA from “experiment” into an institutionalized norm.
Industry Flash
10 items
SEC overhauls transfer agent rules for the first time in nearly 40 years — A Sept 1 proposal formally recognizes blockchain recordkeeping, covering roughly 273 registered transfer agents with a 60-day comment period, moving tokenized securities toward an institutionalized norm.
21 financial giants join forces on a stablecoin — Bank of America, Citi, Goldman Sachs, Wells Fargo, UBS, Deutsche Bank, MUFG and more span five continents, starting with the dollar then the euro, targeting a first-half 2027 launch and committing to the GENIUS and MiCA frameworks.
London Stock Exchange x Kraken tokenizes FTSE 100 blue chips — LSEG partners with Payward; xStocks covers qualified investors in 110+ countries with 24/7 trading, surpassing $40B in cumulative volume, with a planned 2027 listing on LSE 24.
Singapore’s MAS moves on stablecoin legislation — A Sept 1 Payment Services Act amendment consultation requires 100% reserves, bans interest to holders and mandates quarterly stress tests, while granting limited recognition to compliant foreign stablecoins.
Robinhood Chain posts a single-day DEX record of $875M — Set on Aug 30, led by tokenized stocks, with 5.52M trades and $2.66M in daily onchain app revenue, surpassing Ethereum on a like-for-like basis.
Circle x Dinari tokenized stock platform — Aims to bring all S&P 500 constituents on-chain with instant USDC self-custody settlement, while Circle’s Arc public mainnet goes live Sept 16 with BlackRock and DTCC as genesis validators.
Wells Fargo launches tokenized deposits this fall — Corporate clients get 24/7/365 settlement on a USD/GBP corridor first; deposits remain bank liabilities with deposit insurance, directly countering the $263B stablecoin market.
BTC Markets files for an ASIC market licence — The Australian exchange aims to offer regulated tokenized RWAs (equities, bonds and more), calling the current $26B onchain universe a “proof of concept” on a path to a $2-16 trillion market by 2030.
Tokenized RWA collateral hits a monthly high — DeFiLlama’s Sept 1 reading shows tokenized Treasuries, private credit and equity wrappers climbing as onchain collateral, led by BUIDL, OUSG and BENJI.
Dune: synthetic RWA exposure outruns spot — 6,800+ token deployments across 21 chains show tokenized gold and stock perpetuals trading roughly $103B over four weeks, far ahead of $4.1B in spot, shifting compliance focus toward margin, liquidation and oracle control.
发表回复