One of the most manual processes in structured finance now runs in a day.
Together with @PwC , @eos_solutions , @StellarOrg and @AllUnityStable , we have built an end-to-end infrastructure for automated securitization settlement. A monthly settlement cycle that takes 30 days or more today now completes in a single day.
The entire waterfall logic of a securitization runs directly in a smart contract. Investor allocations are calculated automatically and settled almost in real time in a regulated euro stablecoin, fully auditable and compliant with the EU Securitization Regulation.
Within the project, tokenforge served as the technical implementation partner, responsible for the smart contract logic and the underlying platform components. PwC led the concept and regulatory design, EOS contributed the process expertise from receivables management, AllUnity issued the regulated e-money, and the infrastructure is built on Stellar.
This is among the first productive applications worldwide to combine the waterfall logic of securitizations with blockchain-based settlement and regulated e-money in one end-to-end process.
Read more ⬇️
TKFG RWA Digest (Week 43, Oct 19 – Oct 25, 2026)
Europe is not catching up to tokenization. Europe is setting the pace. Boerse Stuttgart's Seturion became the first European exchange group to receive a DLT license. Generali tokenized its €13B money market fund. JPMorgan brought its deposit token to Ethereum. HSBC launched its first stablecoin to 3.3 million users.
1. Börse Stuttgart's Seturion Becomes First European Exchange Group to Receive DLT TSS License
@boersestuttgart's Seturion received the fifth DLT TSS license under the EU DLT Pilot Regime, the first for a European exchange group. @BaFin, @ESMA_EU and @ecb all involved. @SocieteGenerale, flatex DEGIRO, @Nasdaq and SG Forge already on board.
https://t.co/kVeMYZPlri
2. Generali Launches Digitally Native Share Class of Its €13B Luxembourg Money Market Fund
@generalitat Investments launched a digitally native share class in its €13B Luxembourg MMF. One of the top 10 EU asset managers taking its first step into tokenized fund infrastructure. Initially restricted to group companies with broader rollout planned.
https://t.co/obGH40n2rl
3. Standard Chartered's Libeara Acquires Zodia Markets Jersey for Intraday Tokenized Fund Dealing
@StanChart's Libeara acquired Zodia Markets Jersey to enable intraday liquidity for tokenized funds. $810M on platform. Jersey VASP license enables stablecoin on and off-ramping for fund transactions.
https://t.co/AhDbFUYBM1
4. JPM Coin Goes Live on Ethereum as First G-SIB Deposit Token on the Network
@JPMorgan's Kinexys brought JPMD to Ethereum, making it the first G-SIB deposit token on the Layer 1 network. $4T+ cumulative transactions, $7B average daily volume. Institutional clients now have multi-chain USD optionality.
https://t.co/o3t8a5KrtB
5. HSBC Launches RedCoin Stablecoin to 3.3 Million PayMe Users
@HSBC launched RedCoin, its first HKD stablecoin, on PayMeHSBC for 3.3 million users and 100,000 merchants. HKMA licensed under Hong Kong's Stablecoins Ordinance. Tokenized investment access coming next.
https://t.co/TBZxeeL0k0
6. JPMorgan Asset Management Expands Tokenized MMFs to Solana
@JPMorgan Asset Management made MONY and JLTXX available on @Solana to qualified U.S. investors via Morgan Money. JLTXX specifically designed for stablecoin issuers under the GENIUS Act.
https://t.co/bW70pIiTzd
#Capitalmarket #Digitalfinance #RWA #Tokenization
What should be tokenized first?
That's the question our Founder and Managing Director @MoritzStumpf will discuss on the main stage at the DIGITAL ASSETS DAY by Bundesblock, part of the TUM Blockchain Conference 2026, alongside Raphael Neuberger from Cashlink, Lorenzo Rigatti from BlockInvest and Christian Million from Convista, moderated by Jessica Kreysar from Turn the Curve.
Bonds, private credit or money market funds? Some asset classes are already being tokenized at scale, others are still waiting for investors and a working secondary market. So what really decides which comes first: the technology, the regulation or the investors?
Looking forward to great conversations on site!
📍 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: House of Communication, Munich, Main Stage
🗓 𝗗𝗮𝘁𝗲: 30 October 2026
⏰ 𝗧𝗶𝗺𝗲: 1:35 pm
Get your ticket here: https://t.co/Eqv2HRMGJc
Tokenization shouldn't start with a migration project.
TokenSuite connects into the systems an issuer already runs, from payment rails to CRM, ERP and email.
One integration layer. Not a replacement. That's TokenSuite.
Infrastructure shouldn't impose its own shape on an issuance.
TokenSuite assembles around the requirements instead, with modules that fit the deal, compliance present rather than added, and no tie to a single chain.
Modular. Compliant by default. Chain-agnostic.
TKFG RWA Digest (Week 42, Oct 12 – Oct 18, 2026)
The institutions that move markets are now moving into tokenization on the record. ECB President Lagarde signaled the ESM will issue on Pontes. Goldman, Wells Fargo and Morgan Stanley called it a growth play in Q3 earnings. BNY completed the first tokenized Treasury triparty repo.
1. Lagarde Signals ESM Plans Tokenized Issuance on Eurosystem's Pontes
@ecb President Lagarde confirmed the European Stability Mechanism will soon issue in tokenized form on Pontes at an EU finance ministers meeting. Central bank money settlement for European sovereign tokenized assets is now live and in use.
https://t.co/uGTiX2PIH1
2. Singapore Issues Second Tokenized Bill Settled in Wholesale CBDC
@MassGov issued a S$10M tokenized bill settled in wholesale CBDC on the SGD testnet, its second issuance in a month. Building capability to bring tokenized assets and tokenized central bank money together on common infrastructure.
https://t.co/XnRVxCUNfn
3. BNY and Citadel Securities Complete First Tokenized Treasury Triparty Repo
@BNYglobal and @citsecurities completed the first use of tokenized assets on a major triparty repo platform. 2-year US Treasury settled near-instantly on BNY's digital ledger and used as overnight repo collateral.
https://t.co/GUIrOzKdhs
4. Goldman, Wells Fargo and Morgan Stanley Call Tokenization a Growth Play in Q3 Earnings
@GoldmanSachs CEO David Solomon compared tokenization to the shift toward electronic trading. @WellsFargo focused on money transmission. @MorganStanley on advisory services. All three see opportunity, not threat.
https://t.co/VODNdbwOY3
5. Citi Sizes Tokenized Collateral Savings at $346M Per Major Bank Annually
@Citi estimates $346M in annual funding cost savings per G-SIB from tokenized collateral mobility, based on $15B in idle collateral per institution. Developing a model to enable Asian CCP margin calls using tokenized US Treasuries in real time.
https://t.co/QwEWlti5aL
6. Morgan Stanley Targets Q1 2027 for Tokenized Equities on Its ATS
@MorganStanley now targets Q1 2027 for tokenized equities on its ATS. Head of digital assets Amy Oldenburg projects tokenized RWA market will reach $3-10T by 2030 without question.
https://t.co/8EgYe8mqMb
#Capitalmarket #Digitalfinance #RWA #Tokenization
tokenforge on stage at Capital & Code Frankfurt
Our Co-Founder and CEO @MoritzStumpf joins Noura Boutaskiouine from @pwc_de and Sebastian Pollmer, Managing Director Western Europe at @eos_solutions, for the session "From 30 Days to Real-Time: Tokenized Receivables, Smart Contracts & Euro Stablecoin Settlement".
Together, they'll share how our joint project, built on @StellarOrg with @AllUnityStable, brought a securitization settlement cycle from 30 days down to one.
Looking forward to great conversations on site!
𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: SPARK Europe, Frankfurt
𝗗𝗮𝘁𝗲: 20 October 2026
𝗧𝗶𝗺𝗲: 11:30 am to 12:05 pm
https://t.co/TwKDJ6lXhy partner @tokenforge provides an example through its TokenSuite platform.
TokenSuite supports digital securities issuance and ongoing token administration, including investor management, compliance workflows and lifecycle operations.
tokenforge on stage at Capital & Code Frankfurt
Our Co-Founder and CEO @MoritzStumpf joins Noura Boutaskiouine from @pwc_de and Sebastian Pollmer, Managing Director Western Europe at @eos_solutions, for the session "From 30 Days to Real-Time: Tokenized Receivables, Smart Contracts & Euro Stablecoin Settlement".
Together, they'll share how our joint project, built on @StellarOrg with @AllUnityStable, brought a securitization settlement cycle from 30 days down to one.
Looking forward to great conversations on site!
𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: SPARK Europe, Frankfurt
𝗗𝗮𝘁𝗲: 20 October 2026
𝗧𝗶𝗺𝗲: 11:30 am to 12:05 pm
Every issuance has different requirements. TokenSuite is modular, so issuers activate exactly the components their issuance needs:
- Regulated distribution: connect licensed distribution partners, or sell directly where permitted
- KYC/AML: integrate the identity provider that fits the investor base and jurisdiction
- Custody: self-custody wallets or regulated custodians, depending on who invests
- Payment methods: card, SEPA, PayPal or regulated euro e-money
- Integrations: CRM, ERP and reporting connected via API to existing systems
- Lifecycle: interest payments, distributions and investor reporting after launch
- Affiliate: onboard distribution partners and track referrals
And many more, configured per issuance, with compliance built into every module.
tokenforge at the Frankfurt Finance & Future Summit.
Our CPO and Co-Founder Markus Kluge will join the panel "The Future of the Financial Industry", alongside Michael Theurer, Member of the Executive Board of the @bundesbank , Hubertus Väth, Managing Director of @FMFdigital, and Lucas Zaehringer, CEO of Planet2050.
The discussion will cover capital markets, fintech, digital financial services, the digital euro, the Capital Markets Union and new asset classes. A timely conversation, just weeks after settlement of tokenized assets in central bank money went live in Europe.
📅 Wednesday, 21 October 2026, 4:30 pm, Frankfurt
Looking forward to great conversations in Frankfurt!
What does it actually take to tokenize an issuance? Not in theory, but in practice, with real issuers, real requirements and real regulatory questions.
We have been working on exactly that since 2021: 50+ projects across five European countries, including the first eWpG-compliant securities issuance in Germany.
At the 7th Berliner Fintech Gespräche at @OsborneClarke, our Co-Founder and CPO @markuskluge joins the panel "Technologie im Praxistest" to discuss what digital issuances look like in practice and which questions companies should answer before they start.
7th Berliner Fintech Gespräche: Alternative SME financing when the bank loan becomes the bottleneck.
📍 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Osborne Clarke, Schinkelplatz 5, 10117 Berlin
🗓 𝗗𝗮𝘁𝗲: 15 October 2026
⏰ 𝗧𝗶𝗺𝗲: 5:00 to 8:00 pm
Registration: https://t.co/hIp69YJnKL