Big Firms Invest, Sovereign Bonds Go Onchain: Tokenized Finance Picks Up Speed
Today’s Focus
OKX raised at a $25B valuation bringing in Circle and Ripple as strategic investors, wiring stablecoin and bank capital into the settlement layer as tokenized Treasuries hit roughly $14.8B led by USYC, USDY and BUIDL. The UK’s first digital gilt DIGIT named six lead underwriters, and Kazakhstan’s central bank teamed with Tether on a tenge stablecoin — sovereigns and giants are moving in the same direction.
Industry Flash
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OKX Raises at $25B Bringing in Circle and Ripple — stablecoin issuers and bank capital plug into the exchange’s settlement layer as it pivots to tokenized finance and preps 24/7 tokenized stock trading
Solana Ships an Atomic DvP Settlement Standard — designed with JPMorgan input, asset delivery and payment settle in seconds in a single transaction, removing counterparty risk and cutting finality from days to seconds
Kazakhstan’s Central Bank Teams With Tether on a Tenge Stablecoin — the two signed an MoU to study a local-currency-pegged stablecoin and a national RWA tokenization framework, with a pilot planned in Alatau’s special legal zone
UK’s First Digital Gilt DIGIT Names Six Lead Underwriters — Barclays, HSBC and Morgan Stanley among them, launching in Q1 2027 with onchain settlement on HSBC’s Orion platform
Securitize Partners With Korea’s LG CNS — positioning for South Korea’s tokenized-securities law taking effect in February 2027, as LG CNS unveils its KITL institutional wallet platform
DigiFT Lists a Fidelity Treasury Money Market Fund Onchain — the Singapore-licensed exchange gives institutions onchain access to the Fidelity fund, whose holdings meet GENIUS Act reserve standards
Tokenized Treasuries Reach About $14.8B — rwa.xyz data shows USYC, USDY and BUIDL lead the ranking, forming the largest single segment of tokenized RWAs
Stellar’s Tokenized T-Bills Add $96.2M in a Week — distributed RWAs on the network sit near $3.47B, with Franklin Templeton’s BENJI the core driver
Stove Finance Brings US and Korean Tokenized Equities to Uniswap — trading atomically on Arbitrum via UniswapX RFQ, covering US, Hong Kong China and South Korean securities
Injective Rewrites Its Whitepaper as an Institutional RWA Layer 1 — covering native RWA issuance, iAssets and roughly 600ms block finality, with AI-agent financial features
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