Three BlackRock-designed model portfolios (High Income, Diversified Growth and High Growth) will be tokenized by Ondo Finance into transferable on-chain tokens named BLKHIon, BLKDIGon and BLKGRWon, each holding a mix of stocks, bonds and bitcoin ETFs. It is the first time BlackRock has let another firm tokenize portfolios it designed; its earlier tokenized products, such as BUIDL, were issued in-house. Ondo launched seven tokenized model portfolios on the same day, three of them built on BlackRock strategies. When investors buy a token, smart contracts automatically purchase the underlying ETFs and reinvest dividends. The tokens can be used as DeFi collateral, transferred and traded 24/7, and are initially restricted to eligible non-U.S. investors.

Three divisions of the U.S. Commodity Futures Trading Commission jointly updated crypto-related FAQs, focusing on two practical questions: customer funds invested in tokenized permitted investments, and the use of blockchain to meet recordkeeping obligations. The guidance builds on the March 20 FAQs and Staff Letters 25-39 (tokenized collateral guidance) and 26-05 (a no-action position on digital assets accepted as margin collateral). The key boundary: tokenization changes only how ownership and settlement are recorded, not whether the investment itself qualifies under existing rules, and tokenized instruments must carry legal and economic rights equivalent to their traditional versions. Chairman Michael Selig said the update fits the agency’s push for regulatory clarity.

ARK Invest has tokenized its ARK Venture Fund (ARKVX) through Securitize on Ethereum. The fund invests in both private and public technology companies, with named holdings including OpenAI, Anthropic, Stripe and Databricks, but buying the token gives investors a fund-level interest rather than direct equity in any of those companies. Securitize handles issuance and investor access on Ethereum. The SEC issued an amended order on September 21 allowing the fund to offer a tokenized share class that may trade on one or more alternative trading systems or be quoted through other permitted channels, plus a separate class that could be listed on a national securities exchange.

A “Hybrid Finance” report by CoinShares and Token Terminal shows RWA deposits across lending protocols and decentralized exchanges rose from $2.3 billion in Q2 2025 to $7.4 billion in Q2 2026, while total DeFi deposits fell about 15% and aggregate crypto-native DEX volume dropped roughly 70%. Ethereum hosts nearly 70% of RWA deposits, with yield-bearing collateral concentrated in Aave, Morpho and Kamino. RWA perpetuals were the fastest-growing segment: TradeXYZ volume grew about twenty-fold since launch, and Q3 2026 RWA perpetual DEX volume reached $365 billion, up 32% quarter over quarter, with public equities contributing about $175 billion, or 48%.

Hamco announced a partnership with Synthesys and Chainlink to launch the Hamco Tokenized Pan-Asia Private Equity Fund. The fund is a semi-liquid, evergreen private equity structure domiciled in the Cayman Islands and issued through Mint, which combines Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the Digital Transfer Agent (DTA) technical standard and NAVLink into one framework. It is distributed from day one through Synthesys Network’s regulated channels. The private sleeve targets Pan-Asia pre-IPO positions, cornerstone and PIPE allocations, private credit and direct unicorn investments; the liquid sleeve deploys into select listed companies, tokenized money market and credit funds and stablecoins as a near-instant settlement “liquidity engine.”