Markets have begun pricing in the SEC’s new five-year temporary exemption. The framework allows qualifying tokenized-securities venues to match buyers and sellers of tokenized US National Market System (NMS) equities through permissioned automated market makers (AMMs) and liquidity pools, provided the tokens carry the same rights as conventional shares, including dividends and voting. The news lifted the sector broadly: Bitcoin traded as high as $84,932, an eight-month high and a 5.3% daily gain, after briefly falling below $76,000 when the Fed raised rates by 25 basis points to a 3.75%-4% target range and a procedural vote on the CLARITY Act stalled.

On September 21, Binance listed 25 new equities on its traditional brokerage platform, Binance Stock Trading, spanning sectors from logistics to defense. Over the same period, tokenized assets on its blockchain-native RWA platform grew 29.7% in 30 days to $753.59 million. The exchange is running two product lines in parallel, conventional brokerage and native on-chain assets, feeding tokenized equities into the same existing user base.

DTCC’s Fund/SERV platform admitted Oasis Pro Markets, a subsidiary of Ondo Finance, as a member on September 16. Oasis Pro Markets is a registered US broker-dealer and distributor of tokenized investment products, and the first tokenization platform to connect to Fund/SERV, which processes more than 85% of US mutual fund transaction activity. Members gain standardized access to fund companies, wealth platforms and service providers for transaction processing, reconciliation, distributions and reporting.

China Asset Management (Hong Kong) said on September 18 that it completed an investment use case in which units of its digital money market fund were subscribed for and redeemed using HKDAP, a regulated Hong Kong dollar stablecoin issued by Anchorpoint Financial. Trades ran through accounts at OSL HK, a licensed digital asset exchange, while Standard Chartered acted as custodian for both the token and fund units as well as tokenization agent. The firm described it as one of the first cases in Hong Kong of a regulated HKD stablecoin settling digital fund subscriptions and redemptions.

The European Central Bank’s Pontes project is planned as an operational service in the third quarter of 2026 to connect market-based distributed-ledger-technology (DLT) platforms with TARGET settlement infrastructure. Its accompanying Appia contact group has drawn 61 financial-market and public-sector participants to help design a more unified European market for tokenized assets. In the same window, the Bank of England and the UK’s Financial Conduct Authority published feedback to their wholesale-tokenization call for input, drawing 123 responses, with most respondents naming post-trade processes, and collateral movement between counterparties in particular, as the main opportunity.