VOL. 2026.11.02
First Tokenized US Equity Goes Live as Asia Central Banks Advance RWA
CNTN Tokenized Equity
$170M
First 24/7 onchain listing
Onchain RWA Value
$39.0B
RWA.xyz · +0.9% 30d
Represented Asset Value
$389B
+8.0% 30d
Stablecoin Market Cap
$289B
301M holders
Canton Strategic Holdings Becomes First Tokenized US Equity, Trading 24/7 From November 2
Nasdaq-listed Canton Strategic Holdings (CNTN, formerly Tharimmune) announced it will tokenize its common shares and begin trading as early as November 2 on the Canton Network. This marks the first tokenized US equity trade under the SEC’s Innovation Exemption, with TSV LLC operating the venue and SEC-registered onchain transfer agent Fairmint issuing tokens and maintaining official ownership records, beating the OKX-ICE joint platform to launch.
- Tokenized shares carry identical shareholder rights to CNTN’s Nasdaq stock, using an issuer-sponsored model that bypasses the 30-day objection window for third-party tokenization
- 24/7 trading with atomic instant settlement (DvP) via the Tradecraft protocol AMM, versus the traditional T+1 settlement cycle for US equities
- Participants must pass pre-approval including identity verification and sanctions screening, with smart contracts enforcing compliance on transfers; CNTN market cap is roughly $170M with shares near $2.13
- The company raised $545M in November 2025 to pivot toward the Canton Coin ecosystem and is now a Super Validator and governance participant on the Canton Network
Market Impact
The first Nasdaq-listed company trades its own stock onchain, validating the issuer-driven 24/7 path
Regulatory Signal
A live first use case under the Innovation Exemption, offering a compliance template for larger issuers
Competitive Race
TSV beats OKXICE to the first trade, pushing tokenized-stock venue competition into live operation
Sources: SEC 8-K · CoinDesk via PANews · October 29, 2026
Bank Negara Malaysia Launches Three-Year RWA Tokenization Exploration, Pilots in 2026
Bank Negara Malaysia (BNM) launched a three-year real-world asset tokenization exploration program on November 1, building on the Digital Asset Innovation Hub (DAIH) and Asset Tokenisation Industry Working Group (IWG) established in 2025. Using a co-creation approach, the central bank is seeking feedback on use cases from supply-chain finance to Islamic finance products, with proof-of-concepts and pilots in 2026 and expanded testing in 2027.
- Exploration must not compromise the singleness of money, financial stability or financial integrity, with scrutiny on leverage, operational fragilities and complex interdependencies
- The industry working group focuses on banking institutions, with consideration of a controlled environment for live experimentation of digital asset solutions
- BNM also published the “Asset Tokenisation in the Malaysian Financial Sector” discussion paper as the basis for policy direction and feedback
Regional Signal
After Singapore and Hong Kong, another Southeast Asian central bank formalizes a tokenization roadmap
Use-Case Focus
Supply-chain finance and Islamic finance stand out as locally relevant use cases
Pace
POCs and pilots in 2026, expansion in 2027, with regulatory feedback informing policy
Sources: BNM Discussion Paper · Ledger Insights via PANews · November 1, 2026
Hong Kong FinTech Week Opens With Tokenized Deposits and RWA Settlement in Focus
Hong Kong FinTech Week 2026 (November 2-6) opened at the Hong Kong Convention and Exhibition Centre, with the Digital Assets and Web3 Forum centered on regulated stablecoins, RWA tokenization and liquidity, and Agentic AI. The HKMA’s Project Ensemble session features BlackRock, China Asset Management (HK), HSBC and Standard Chartered sharing commercialization progress on tokenized deposits interoperating with tokenized money market funds, while SlowMist and JunHe LLP host an RWA tokenization compliance summit the same day covering issuance workflows, cross-border stablecoin settlement and onchain risk monitoring.
- Hong Kong’s agenda shifts from issuance to settlement: how tokenized assets pay, deliver and plug into corporate treasury
- Ensemble TX pilots focus on subscribing tokenized money market funds with tokenized deposits, instant liquidity and treasury management
- The event expects over 45,000 attendees from 120+ economies, with 1,000+ speakers and 800+ exhibitors and sponsors
Ecosystem Focus
With licensed stablecoins and tokenized deposits approved, Hong Kong moves into settlement and interoperability
Institutional Depth
BlackRock, China AMC, HSBC and StanChart disclose Ensemble commercialization progress
Compliance Layer
SlowMist and JunHe summit adds issuance and onchain risk workflows for institutions
Japan Debuts JPYC Stablecoin Tax Refunds Paid Directly Onchain
Japan Tax-Free, in partnership with UPBOND, began paying departing tourists their tax refunds in JPYC, a yen-denominated stablecoin, via Avalanche C-Chain smart contracts directly into personal digital wallets starting November 1. The launch coincides with Japan’s tax-free system fully shifting to a post-departure refund model, where tourists must first pay the full price including tax and receive the refund after verification upon departure, creating real demand for an efficient digital refund channel.
- Onchain settlement eliminates weeks of waiting and layered intermediary fees in traditional cross-border refunds, and merchants no longer need to store customers’ card details
- JPYC is a legally recognized electronic payment method under Japan’s Fund Settlement Act, pegged 1:1 to the yen and clearly distinct from high-volatility crypto assets
- The full refund flow is transparently recorded on Avalanche, letting customs and tax authorities verify fund authenticity in real time and curb refund fraud
- Tourists can keep JPYC for future payments when revisiting Japan or instantly swap it for other stablecoins like USDC
Real-World Use Case
A compliant fiat-backed stablecoin enters the high-frequency cross-border retail refund scenario
Industry Significance
Stablecoins extend beyond payments into government tax processes, with onchain auditability gaining regulatory recognition
Consumer Adoption
Tens of millions of international tourists come into direct contact with stablecoin settlement
Sources: CoinPost via KuCoin · Japan Tax-Free · November 1, 2026
Walmart-Backed OnePay Launches Stripe-Powered Stablecoin Deposits Across 12 Chains
OnePay, a fintech backed by Walmart, launched a Stripe-powered stablecoin deposit service on November 1. Some US users can now deposit stablecoins from external wallets into their OnePay Checking accounts, with funds automatically converted to US dollars and credited instantly, free of conversion fees during the initial launch period. The service currently supports USDC across 12 blockchains including Tempo, Base, Solana and Ethereum, with more stablecoins under evaluation.
- Stablecoins are automatically converted to USD and credited instantly, opening an onramp from onchain assets into traditional bank accounts
- Stripe provides the underlying conversion and compliance capability, lowering the barrier for stablecoins to enter daily payment accounts
- Multi-chain USDC support across 12 networks reflects the trend of aggregated onramp infrastructure
Consumer Reach
Stablecoin deposits connect directly to Checking accounts, bringing onchain assets into everyday payments
Infrastructure
Stripe-driven conversion plus multi-chain support gives stablecoin onramps a compliant backbone
Industry Trend
Stablecoins move from trading tools to retail banking entry points as traditional finance plugs into onchain liquidity
Sources: PANews · November 1, 2026
发表回复