Clearing House Taps Quant to Bridge Tokenized Deposits as Tokenized Stocks Jump Fivefold
Today’s Focus
US payments clearing core TCH has selected Quant to build the interoperability layer that bridges tokenized deposits, sending QNT up 75% in a day; tokenized stocks have jumped fivefold this year to $4.43B, with a five-year SEC exemption paving the way for the first compliant on-exchange venue in Q4. Arbitrum became the first chain with 7,000+ RWAs, while over a million wallets on Solana hold tokenized stocks.
Industry Flash
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US clearing house TCH taps Quant to bridge tokenized deposits — QNT rose about 75% in a day and nearly 185% on the week, targeting launch in H1 2027 across a clearing pipeline handling $2T+ daily.
Tokenized stocks jump fivefold this year to $4.43B — their share of RWA climbed from 4.9% to 13.0%, and the SEC’s five-year innovation exemption could bring the first compliant on-exchange venue online as soon as Q4.
Arbitrum becomes the first chain with 7,000+ RWAs — doubling in six weeks to 7,083 assets with $1.03B in distributed value, driven by tokenized stocks and Treasury products.
Solana’s stablecoins, RWAs and tokenized stocks all hit all-time highs the same day — wallets holding tokenized stocks topped 1 million, SOL rose about 12.6% on the week, and the market sits in “greed” territory.
Tokenized Treasuries and money-market funds reach $149.4B in circulation — BUIDL earns a 98% collateral haircut on Deribit, letting institutions post tokenized funds as margin without redeeming.
Citi: 77% of institutions are exploring tokenized collateral — tokenized assets are moving from “issue and hold” toward mainstream margin and settlement pipelines at clearing houses.
Mantle sets back-to-back RWA records: 1,473 assets, $476M in distributed value — asset count is up more than 20x from 71 at the start of the year, with xStocks, Securitize, Ethena and Paxos issuing on-chain.
Malaysia’s Luno, Halogen and Kenanga explore a ringgit stablecoin, UMYR, for settlement — the plan uses UMYR for real-time DvP settlement of tokenized money-market funds in a closed, institution-only loop.
Ripple and Securitize enable instant swaps of BUIDL and VBILL for RLUSD — a 24/7 stablecoin off-ramp for tokenized Treasuries as RLUSD supply nears $2.5B.
Ethena extends USDe backing to tokenized US equities — the synthetic dollar’s collateral mix now reaches tokenized equities, diversifying yield and stability sources.
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