NYSE Pushes 24/7 Tokenized Equity Trading as Stablecoins Enter Payments and Collateral
Tokenized RWA Market Cap
$4.67B
17.4x in 3 years
Ethereum Share
49.1%
Largest RWA network
Robinhood Stock Tokens 30d DEX Vol
$10.4B
On-chain trading accelerating
SoFiUSD Annualized Card Settlement
$25B
Stablecoins land in payments
NYSE × Blockchain.com Explore 24/7/365 Tokenized Trading of US Stocks and ETFs
The New York Stock Exchange and Blockchain.com are exploring a partnership to offer 24/7/365 tokenized trading of US stocks and ETFs. If cleared by regulators, the move would meaningfully expand institutional tokenization infrastructure and is a direct extension of the on-chain equity push that has accelerated since the SEC’s Innovation Exemption took effect this month.
- The partnership remains exploratory and awaits regulatory approval; if realized it would reshape the time and settlement structure of traditional securities trading
- It extends the institutional tokenization wave following this month’s SEC Innovation Exemption, with Coinbase Derivatives and Kalshi also advancing equity-linked products
- Combined with 24/7 trading, fractional shares and near-instant settlement, on-chain equity market infrastructure keeps maturing
Market Impact
The world’s largest exchange entering marks a shift for on-chain equity trading from pilots to mainstream infrastructure
Regulatory Signal
Following the SEC Innovation Exemption, traditional exchanges proactively embrace tokenization — regulation and market move in tandem
Potential Shift
24/7 trading plus near-instant settlement could reshape legacy market time zones and clearing structures
Source: BlockchainReporter · September 26, 2026
Tokenized RWA Market Grows 17.4x to $4.67B in Three Years, Ethereum Holds Nearly Half
The tokenized real-world asset (RWA) market has grown 17.4 times over the past three years, reaching $46.7 billion in September 2026. Ethereum holds a 49.1% share, the largest among blockchain networks, with its mature DeFi ecosystem being a key driver of tokenized assets moving from “issuance” to “usage.”
- Tokenized assets are increasingly used in DeFi lending, liquidity and secondary-market trading, rather than merely issued and held
- Tokenized credit funds and gold remain the main categories; networks such as Solana and Stellar are expanding their presence
- Platforms like Robinhood and Binance are fueling tokenized stock growth, bringing traditional equities into on-chain markets
Structural Trend
RWA moves from “assets on-chain” to “deep DeFi usage,” with secondary liquidity becoming core
Ecosystem Map
Ethereum holds 49.1%; Solana, Stellar and others diversify, forming a maturing competitive landscape
Category Spread
Credit funds, gold, stocks and treasuries advance in parallel, enriching market structure
Source: CoinMarketCap · September 2026
Binance Takes $100M Stake in Circle as Ethena Extends Basis Trade to Equity Perpetuals
Top exchange Binance acquired a $100 million equity stake in stablecoin issuer Circle (USDC) through a private placement completed September 17, deepening the capital ties between the exchange and the stablecoin leader. Meanwhile, Ethena announced a partnership with Binance to extend its USDe basis trade into tokenized equity perpetuals, using bStocks as spot collateral.
- The Binance × Circle equity tie further connects USDC reserves with a leading exchange’s liquidity
- Ethena extends the basis trade into equity perpetuals for the first time, making tokenized stocks a new source of USDe collateral
- This enlarges the addressable market of USDe’s underlying collateral beyond $2.5 trillion
Capital Integration
Exchanges and stablecoin issuers deepen ties, further consolidating stablecoin reserve infrastructure
Collateral Innovation
Tokenized stocks enter stablecoin collateral baskets, accelerating the fusion of RWA and stablecoin ecosystems
Product Expansion
The basis trade extends from crypto assets to equity perpetuals, broadening the on-chain derivatives scope
Source: BlockchainReporter · CryptoIntegrated · September 26, 2026
SoFiUSD Stablecoin Enters Live Card Settlement, Circle Launches Bitcoin-Backed Borrowing
SoFi Bank and Mastercard announced on September 22 that SoFiUSD stablecoin is now used to settle transactions across SoFi’s debit and credit card program, expected to process more than $25 billion in annualized volume — moving stablecoins from financial experiments into live card infrastructure. In parallel, Circle launched institutional digital asset-backed borrowing, allowing Bitcoin holders to access USDC liquidity without selling their BTC.
- SoFiUSD is the first stablecoin used for real card settlement, signaling accelerated stablecoin payments adoption
- Circle’s digital asset-backed borrowing: deposit BTC, mint Circle Wrapped Bitcoin (cirBTC), then pledge it to borrow USDC, with Morpho-backed markets supported at launch Stablecoins shift from “asset reserves” toward “real-time payment settlement,” broadening live use cases
Payments Land
Stablecoins enter real-time card settlement; the $25B annualized scale validates a genuine payments use case
Collateral Innovation
Bitcoin as collateral unlocks USDC liquidity, bridging the gap between assets and stablecoins
Institutionalization
Licensed issuers such as Circle and SoFi lead deployment, moving stablecoins toward compliant infrastructure
Source: MEXC News · September 22, 2026
发表回复