Securitize reported record Q1 tokenized assets under management of $4.3 billion and $5.3 billion in transaction volume, yet total revenue fell 5% to $14.4 million and adjusted EBITDA swung to a $5.5 million loss as platform activity lacked monetization.
Securitize shares fell 16% in premarket trading after the tokenization platform reported second-quarter revenue of $14.4 million, missing Wall Street estimates of $20.6 million and widening its net loss to $21.7 million.
Latin America’s largest private sector bank, Itaú, has partnered with OpenAssets to participate in a Brazilian Financial and Capital Markets Association pilot testing tokenized fixed-income securities and investment funds using DLT.
Dubai maritime tokenization platform Shipfinex has partnered with ADI Chain to tokenize a pipeline of 35 vessels valued at $500 million, utilizing stablecoins for distribution and settlement.
Alpaca, a California brokerage, custodies over $1.5 billion in shares backing tokenized equities, dominating a market promoted as decentralized. However, the upcoming launch of DTCC's Tokenization Service in October threatens to disrupt this concentration by offering tokenized stocks with full shareholder rights, potentially undermining Alpaca's position.
DTCC is conducting a tokenization trial with 40 firms, including JPMorgan and BlackRock, to represent shares and Treasuries on-chain. However, the usability of these tokens as collateral is hampered by unresolved issues concerning asset pricing, oracle reliability, and accountability for losses when price feeds fail, posing a significant hurdle for institutional adoption.
Citadel Securities made a $400 million strategic investment in Crypto.com, valuing the Singapore-based platform at $20 billion. This marks Crypto.com's first institutional funding round and signals a broader trend of Wall Street firms, including Visa and DTCC, investing heavily in blockchain infrastructure and tokenized assets.
Ether (ETH) price rose 3% driven by tokenization growth and Robinhood Chain, despite weak onchain data. Ethereum leads RWA tokenization, and Robinhood Chain attracted $106M in deposits. However, DApp revenue and active addresses are down, and funding rates are low, raising concerns about a potential retest of $1,700.
Tether's USDT and Circle's USDC are carving out distinct market roles, with USDT dominating payments and USDC settling DeFi activity. Euro stablecoins are also gaining traction under MiCA regulations, diversifying the market beyond the US dollar. Meanwhile, traditional finance giants like Vanguard are increasingly embracing tokenization.
JPMorgan warns that Wall Street's move to private blockchains for tokenization and payments could drain liquidity from Bitcoin and other public crypto assets. While banks build closed networks, Bitcoin's scarcity and independence offer a counter-narrative, potentially increasing its value as an asset outside institutional control.
Vanguard is hiring a head of digital assets to lead its strategy on tokenization, stablecoins, and blockchain infrastructure, marking a significant shift after years of resisting crypto investments. The move follows similar expansions by asset managers like Franklin Templeton and BlackRock into the growing tokenized asset market.
UK regulators, including HM Treasury and the FCA, are advocating for tokenization and new digital money forms to be central to the country's future retail payment infrastructure, aiming for a "diverse multi-money ecosystem" and publishing a crypto regulatory framework with a licensing window opening in September.
Ethereum's institutional outreach is being restructured with two new organizations, Ethereum Institutional and Ethlabs, funded by major ETH treasury firms like Bitmine and Sharplink. This shift aims to separate commercial functions from the Ethereum Foundation, focusing on sales and technical readiness respectively, as the Foundation redefines its role as a neutral steward.
Securitize President Brett Redfearn states that tokenizing real-world assets will deliver crypto's disintermediation benefits directly to retail investors, disrupting traditional brokerage models. The BlackRock-backed firm is set to debut on the NYSE as "SECZ" on Thursday.
Bank of Korea Governor Hyun Song Shin praised tokenization for simplifying government bond issuance and management, outlining plans for a unified ledger incorporating tokenized bonds, wholesale CBDCs, and commercial bank deposits. A BIS report supports that tokenization can boost market efficiency and financial innovation.
Ether (ETH) faces pressure below $1,600 due to significant Spot Ether ETF outflows, which are overshadowing accumulation by treasury companies. Weak DApps revenue and staking yields further dampen ecosystem incentives, raising concerns about ETH holding the $1,500 support level.
Ether (ETH) faces pressure below $1,600 due to significant Spot Ether ETF outflows, which have overshadowed accumulation by treasury companies. Regulatory hurdles, AI competition, and declining DApp revenue and staking yields further dampen investor sentiment, raising concerns about ETH holding the $1,500 support level.
Securitize, a BlackRock-backed tokenization specialist, is set to begin trading on the NYSE next week under the ticker "SECZ" following a merger with a SPAC. The debut will test Wall Street's demand for companies in the emerging tokenization market.
UK investment manager Baillie Gifford is piloting a new fund tokenization model using public blockchains as part of the legal ownership register, moving beyond distribution to fund administration. This "native issuance" approach aims to make on-chain records the primary legal register for regulated funds, with potential implications for ownership, settlement, and client outcomes.
Japan's SBI Holdings will acquire full control of crypto exchange Bitbank for 46.7 billion yen ($289 million) by October, pending regulatory clearance. This deal, combining Bitbank with SBI VC Trade, is set to create the country's largest crypto exchange by assets under custody and expand SBI's digital asset ecosystem.
Intercontinental Exchange (ICE), owner of the NYSE, is forming a joint venture with OKX to develop tokenization and digital asset products. The venture, pending regulatory approval, aims to offer OKX customers access to tokenized equities and futures contracts, potentially impacting global markets and financial services.
The Philippine SEC is ready to embrace the tokenization of real-world assets, with Commissioner Rogelio Quevedo stating that legal and regulatory foundations are in place. The move aims to spur innovation in capital markets and provide safer investment options for Overseas Filipino Workers.
Ledn will allow clients to use Tether Gold (XAUt) as collateral for loans later this year, expanding its services beyond Bitcoin. Loans will be issued in USDT or USAt stablecoins, offering liquidity without triggering taxable sales as tokenized commodities gain traction.
Standard Chartered forecasts a $100 price target for Uniswap's UNI token by 2030, driven by the projected growth of tokenized assets and their potential integration into DeFi venues for liquidity. The bank's thesis hinges on open protocols capturing a significant share of this burgeoning market, though hybrid models and controlled access remain key considerations.
