Announcing that Pruv has raised $3M in a Pre-A round to build the first compliant RWA infrastructure that enables seamless, on-chain distribution of tokenized assets.
Huge thanks to our investors: UOB Venture Management, Saison Capital, Taisu Ventures, Spiral Ventures, and Royal Group.
A lot happened in tokenization during TOKEN2049 week.
Funds are scaling onchain. Securities infrastructure is moving into production. Banks are launching digital money rails. And central banks are figuring out how settlement works in an onchain financial system.
This week's highlights:
1/ ECB explores three models for bringing central bank money onchain
The European Central Bank outlined three possible models for integrating central bank money with DLT-based financial markets, from directly issuing reserves on programmable platforms to connecting existing settlement systems with blockchain networks.
The goal is to keep central bank money at the core of settlement as tokenized securities, deposits, and stablecoins increasingly move onchain.
https://t.co/1TSLKmrOfa
2/ Brazil brings regulated fund records onto a public blockchain
Brazilian central securities depository CSD BR is bringing records of BTG Pactual investment fund shares onto the XRP Ledger.
Each tokenized record mirrors the official ownership records held by the CSD, marking a move from experimentation toward live blockchain infrastructure within Brazil's regulated capital markets.
https://t.co/TTdD6wFEGY
3/ Fiserv takes stablecoin banking infrastructure live
Fiserv, one of the world’s largest payments and banking technology providers, launched its Digital Asset Platform with financial institution clients, bringing stablecoin-powered payments and banking infrastructure into production.
Its first live use case is Bank of North Dakota’s dollar-backed Roughrider Coin, with infrastructure from VersaBank, Fireblocks, and Solana supporting interbank money movement.
https://t.co/h2xm2elb63
2026 could become the most important turning point in the history of tokenization.
The conversation is moving beyond whether assets should come onchain. Central banks are building settlement rails, regulators are preparing for mass tokenization, exchanges are opening distribution, and banks are putting commercial money onchain.
This week's highlights:
1/ ECB launches central bank settlement for tokenized securities
The European Central Bank launched Pontes, the Eurosystem’s infrastructure for settling DLT-based transactions in central bank money.
The ECB is also preparing to invest part of its own funds directly in tokenized securities, starting with euro-denominated public sector and supranational assets.
https://t.co/JqrRGyw9Uy
2/ CFTC says markets must prepare for “mass tokenization”
CFTC Chairman Michael Selig said U.S. markets need to prepare for mass tokenization, onchain finance, and 24/7 markets.
He highlighted tokenized real-world assets and collateral as potential building blocks for faster settlement and real-time collateral mobility across the financial system.
https://t.co/Cc18XiT3MY
3/ Canada’s largest banks move toward tokenized deposits
Canada’s six largest banks are jointly exploring a Canadian-dollar tokenized deposit system, starting with transfers between financial institutions.
The initiative aims to make bank money faster and programmable while preserving the regulatory protections of traditional deposits.
https://t.co/bzyTXIiS6K
Assets are moving onchain. Money is moving onchain. Settlement is moving onchain.
Now they need the infrastructure to move across markets.
Tokenization is having a big week in Singapore 🇸🇬
Catch our founder @laichungying at RWA Capital Forum, hosted by @Taisu_Ventures, on Oct 5 to talk global assets, onchain markets, and what comes next.
Come find us 👀
📍 Singapore
📅 October 5, 2026
🔗 Register here: https://t.co/d9lATPfLXN
2026 has been wild for tokenization.
Stocks. Funds. Credit. Bank deposits. Even central bank settlement.
What’s the next asset class you want to see onchain? 👀
2026 could become the most important turning point in the history of tokenization.
The conversation is moving beyond whether assets should come onchain. Central banks are building settlement rails, regulators are preparing for mass tokenization, exchanges are opening distribution, and banks are putting commercial money onchain.
This week's highlights:
1/ ECB launches central bank settlement for tokenized securities
The European Central Bank launched Pontes, the Eurosystem’s infrastructure for settling DLT-based transactions in central bank money.
The ECB is also preparing to invest part of its own funds directly in tokenized securities, starting with euro-denominated public sector and supranational assets.
https://t.co/JqrRGyw9Uy
2/ CFTC says markets must prepare for “mass tokenization”
CFTC Chairman Michael Selig said U.S. markets need to prepare for mass tokenization, onchain finance, and 24/7 markets.
He highlighted tokenized real-world assets and collateral as potential building blocks for faster settlement and real-time collateral mobility across the financial system.
https://t.co/Cc18XiT3MY
3/ Canada’s largest banks move toward tokenized deposits
Canada’s six largest banks are jointly exploring a Canadian-dollar tokenized deposit system, starting with transfers between financial institutions.
The initiative aims to make bank money faster and programmable while preserving the regulatory protections of traditional deposits.
https://t.co/bzyTXIiS6K
Assets are moving onchain. Money is moving onchain. Settlement is moving onchain.
Now they need the infrastructure to move across markets.
2026 could become the most important turning point in the history of tokenization.
The CLARITY Act didn’t make it through Congress this week, but the shift toward onchain capital markets isn’t slowing down. The SEC opened a pathway for tokenized stock trading, while financial institutions continue building the distribution and settlement rails for tokenized markets.
This week's highlights:
1/ SEC opens a pathway for tokenized stock trading
The SEC introduced a temporary “Innovation Exemption” allowing eligible venues to facilitate onchain trading of certain tokenized U.S. stocks under defined conditions.
Eligible tokenized stocks must provide holders with the same rights as their traditional counterparts, including dividends and voting rights, creating a clearer regulatory path for securities to move onchain.
https://t.co/WuqixhWUDZ
2/ Hong Kong prepares wholesale CBDC settlement for tokenized markets
The Hong Kong Monetary Authority plans to make its wholesale CBDC available for interbank settlement by the end of 2026, with tokenized government bills among the planned use cases.
The move could provide tokenized assets with a central bank money settlement layer, connecting digital securities with regulated institutional payment infrastructure.
https://t.co/jIQDYORg4q
3/ WisdomTree expands tokenized money market fund distribution with MoonPay
WisdomTree and MoonPay announced plans to expand access to WTGXX, WisdomTree’s tokenized U.S. Treasury money market fund, through MoonPay’s network.
Eligible investors will be able to use stablecoins to access the regulated fund, while MoonPay also plans to use WTGXX for stablecoin reserve management, connecting tokenized funds with broader digital asset distribution.
https://t.co/f45YE6x64D
4/ LSEG and Partior connect tokenized cash with institutional settlement
Partior is integrating LSEG’s Digital Settlement House tokenized cash with its multi-bank settlement network.
The collaboration is designed to enable tokenized commercial bank money to move across participating institutions and currencies, addressing one of the key challenges in tokenized markets: interoperable institutional settlement.
https://t.co/GAKsrk6RIZ
Crypto infra is going up 📈
Turns out crypto rails work pretty well for global finance too.
Tokenized stocks are just the start.
Funds, private credit, and global assets are next.
That’s what we’re building for at Pruv.
2026 could become the most important turning point in the history of tokenization.
The CLARITY Act didn’t make it through Congress this week, but the shift toward onchain capital markets isn’t slowing down. The SEC opened a pathway for tokenized stock trading, while financial institutions continue building the distribution and settlement rails for tokenized markets.
This week's highlights:
1/ SEC opens a pathway for tokenized stock trading
The SEC introduced a temporary “Innovation Exemption” allowing eligible venues to facilitate onchain trading of certain tokenized U.S. stocks under defined conditions.
Eligible tokenized stocks must provide holders with the same rights as their traditional counterparts, including dividends and voting rights, creating a clearer regulatory path for securities to move onchain.
https://t.co/WuqixhWUDZ
2/ Hong Kong prepares wholesale CBDC settlement for tokenized markets
The Hong Kong Monetary Authority plans to make its wholesale CBDC available for interbank settlement by the end of 2026, with tokenized government bills among the planned use cases.
The move could provide tokenized assets with a central bank money settlement layer, connecting digital securities with regulated institutional payment infrastructure.
https://t.co/jIQDYORg4q
3/ WisdomTree expands tokenized money market fund distribution with MoonPay
WisdomTree and MoonPay announced plans to expand access to WTGXX, WisdomTree’s tokenized U.S. Treasury money market fund, through MoonPay’s network.
Eligible investors will be able to use stablecoins to access the regulated fund, while MoonPay also plans to use WTGXX for stablecoin reserve management, connecting tokenized funds with broader digital asset distribution.
https://t.co/f45YE6x64D
4/ LSEG and Partior connect tokenized cash with institutional settlement
Partior is integrating LSEG’s Digital Settlement House tokenized cash with its multi-bank settlement network.
The collaboration is designed to enable tokenized commercial bank money to move across participating institutions and currencies, addressing one of the key challenges in tokenized markets: interoperable institutional settlement.
https://t.co/GAKsrk6RIZ
Tokenization is moving deeper into global capital markets. Regulators are modernizing securities infrastructure, bonds are moving onchain, and banks are testing how institutional money can move 24/7.
This week's highlights:
1/ India puts corporate bonds onchain
India launched Demat 2.0, a pilot connecting tokenized corporate bonds with the Reserve Bank of India's wholesale digital rupee for settlement.
Three issuers have already raised ₹10.25B (~$107M), marking an early step toward bringing India's $620B corporate bond market onto digital rails.
https://t.co/F9SsHckNLC
2/ SEC moves to modernize securities infrastructure for blockchain
The SEC proposed an overhaul of transfer agent rules that explicitly addresses the use of blockchain technology in securities offerings and share transfers.
The proposal could help align official ownership records with blockchain-based infrastructure, removing a key operational barrier for tokenized securities in the U.S.
https://t.co/YRpsh7LS6e
3/ Citi and DBS move tokenized deposits across borders on a weekend
Citi and DBS completed a USD tokenized deposit transaction using Swift Ledger outside traditional banking hours.
Seven major banks have now completed transactions on the network, showing how regulated commercial bank money could move 24/7 across tokenized financial markets while remaining connected to existing banking infrastructure.
https://t.co/2Op55BPqTx
4/ South Korea lays out a roadmap for tokenized capital markets
South Korea's Financial Services Commission unveiled a three-phase roadmap covering traditional securities including stocks, bonds, and funds.
The first phase begins in February 2027, laying the regulatory and market infrastructure for tokenized securities to move from fractional investment products toward broader capital markets.
https://t.co/tsL1Grgark
@jessepollak@base We’re already working on this 👀
Pruv is bringing regulated global assets onchain, including non-US private credit, money market funds, and sports funds, with compliance and cross-chain distribution built in.
Would love to explore bringing them to @base.
Tokenization is moving deeper into global capital markets. Regulators are modernizing securities infrastructure, bonds are moving onchain, and banks are testing how institutional money can move 24/7.
This week's highlights:
1/ India puts corporate bonds onchain
India launched Demat 2.0, a pilot connecting tokenized corporate bonds with the Reserve Bank of India's wholesale digital rupee for settlement.
Three issuers have already raised ₹10.25B (~$107M), marking an early step toward bringing India's $620B corporate bond market onto digital rails.
https://t.co/F9SsHckNLC
2/ SEC moves to modernize securities infrastructure for blockchain
The SEC proposed an overhaul of transfer agent rules that explicitly addresses the use of blockchain technology in securities offerings and share transfers.
The proposal could help align official ownership records with blockchain-based infrastructure, removing a key operational barrier for tokenized securities in the U.S.
https://t.co/YRpsh7LS6e
3/ Citi and DBS move tokenized deposits across borders on a weekend
Citi and DBS completed a USD tokenized deposit transaction using Swift Ledger outside traditional banking hours.
Seven major banks have now completed transactions on the network, showing how regulated commercial bank money could move 24/7 across tokenized financial markets while remaining connected to existing banking infrastructure.
https://t.co/2Op55BPqTx
4/ South Korea lays out a roadmap for tokenized capital markets
South Korea's Financial Services Commission unveiled a three-phase roadmap covering traditional securities including stocks, bonds, and funds.
The first phase begins in February 2027, laying the regulatory and market infrastructure for tokenized securities to move from fractional investment products toward broader capital markets.
https://t.co/tsL1Grgark
Tokenization is moving from experimentation into financial infrastructure. Regulators are opening the door to tokenized securities, banks are putting commercial money onchain, and central banks are preparing the settlement layer.
This week's highlights:
1/ South Korea lays out a roadmap for tokenized securities
South Korea's Financial Services Commission unveiled a three-phase roadmap to bring traditional securities, including stocks, bonds, and funds, into a tokenized framework.
The first phase begins in February 2027 with institutional money market funds, bonds, unlisted stocks, and fractional investment products, laying the groundwork for broader onchain capital markets.
https://t.co/9IJGeoLmYX
2/ Citi and Swift take tokenized deposits live
Citi completed live USD transactions with First Abu Dhabi Bank and OCBC on Swift's blockchain-based ledger, with DBS and UOB expected to join later this month.
Tokenized deposits are digital representations of commercial bank deposits. The initiative shows how regulated bank money could move 24/7 across blockchain-based financial markets while remaining connected to existing banking infrastructure.
https://t.co/dSLzCpqEgD
3/ European banks expand tokenized commercial bank money
BNP Paribas and ABN AMRO joined the Commercial Bank Money Token initiative alongside banks including Commerzbank, DZ Bank, Helaba, and UniCredit.
The initiative is building infrastructure for tokenized bank deposits across different DLT networks, expanding what began as a German project toward a broader European banking network.
https://t.co/dRHpQruvCf
4/ Australia prepares central bank settlement for tokenized markets
The Reserve Bank of Australia launched a consultation on how its existing settlement infrastructure could support tokenized asset markets and tokenized private money.
The goal is to connect DLT-based markets with central bank money, allowing tokenized assets, stablecoins, and tokenized bank deposits to settle through trusted financial infrastructure.
https://t.co/hauSG9AZ8Q
Tokenization is moving from experimentation into financial infrastructure. Regulators are opening the door to tokenized securities, banks are putting commercial money onchain, and central banks are preparing the settlement layer.
This week's highlights:
1/ South Korea lays out a roadmap for tokenized securities
South Korea's Financial Services Commission unveiled a three-phase roadmap to bring traditional securities, including stocks, bonds, and funds, into a tokenized framework.
The first phase begins in February 2027 with institutional money market funds, bonds, unlisted stocks, and fractional investment products, laying the groundwork for broader onchain capital markets.
https://t.co/9IJGeoLmYX
2/ Citi and Swift take tokenized deposits live
Citi completed live USD transactions with First Abu Dhabi Bank and OCBC on Swift's blockchain-based ledger, with DBS and UOB expected to join later this month.
Tokenized deposits are digital representations of commercial bank deposits. The initiative shows how regulated bank money could move 24/7 across blockchain-based financial markets while remaining connected to existing banking infrastructure.
https://t.co/dSLzCpqEgD
3/ European banks expand tokenized commercial bank money
BNP Paribas and ABN AMRO joined the Commercial Bank Money Token initiative alongside banks including Commerzbank, DZ Bank, Helaba, and UniCredit.
The initiative is building infrastructure for tokenized bank deposits across different DLT networks, expanding what began as a German project toward a broader European banking network.
https://t.co/dRHpQruvCf
4/ Australia prepares central bank settlement for tokenized markets
The Reserve Bank of Australia launched a consultation on how its existing settlement infrastructure could support tokenized asset markets and tokenized private money.
The goal is to connect DLT-based markets with central bank money, allowing tokenized assets, stablecoins, and tokenized bank deposits to settle through trusted financial infrastructure.
https://t.co/hauSG9AZ8Q
Tokenization is moving beyond assets into the money and settlement layers of finance. Tokenized equities are scaling, bank deposits are moving onchain, and central banks are starting to think seriously about onchain settlement.
This week's highlights:
1/ Coinbase brings U.S. stocks onchain
Coinbase launched tokenized U.S. equities on Base, starting with names including Apple, Nvidia, Meta, and Alphabet. Backed 1:1 by underlying shares, the assets bring traditional equities closer to 24/7 onchain markets and DeFi.
https://t.co/sl5z5ulw8N
2/ Hong Kong launches its first tokenized covered call ETF
Global X, Citi, and OSL launched a tokenized unit class for the Global X HSCEI Covered Call Active ETF. Each token represents a fund unit, bringing another regulated investment product onto blockchain rails.
https://t.co/uxzAL4V4fi
3/ Bitwise turns tokenized stocks into portfolios
Bitwise launched automated portfolios powered by Coinbase's tokenized stocks and Glider, starting with strategies covering the Magnificent Seven, AI, and robotics.
https://t.co/Vv4wgxm1r9
4/ BIS makes the case for tokenized deposits
BIS General Manager Pablo Hernández de Cos argued that tokenized bank deposits could provide a stronger foundation for the monetary system than stablecoins, highlighting singleness, interoperability, and financial integrity.
https://t.co/sUp2K4gUEt
5/ ECB looks toward onchain central bank money
ECB Executive Board member Isabel Schnabel argued that central banks need to adapt as tokenized finance grows, with central bank money potentially providing the safe settlement layer for DLT-based financial markets.
https://t.co/frQyeOv1Ej
6/ Tokenized RWAs more than double in a year
Tokenized RWAs excluding stablecoins grew from $13.6B to $31.5B over the past year, while tokenized equities surged from $61M to $2.47B.
https://t.co/uU1WzZKgTL
Tokenization is moving beyond assets into the money and settlement layers of finance. Tokenized equities are scaling, bank deposits are moving onchain, and central banks are starting to think seriously about onchain settlement.
This week's highlights:
1/ Coinbase brings U.S. stocks onchain
Coinbase launched tokenized U.S. equities on Base, starting with names including Apple, Nvidia, Meta, and Alphabet. Backed 1:1 by underlying shares, the assets bring traditional equities closer to 24/7 onchain markets and DeFi.
https://t.co/sl5z5ulw8N
2/ Hong Kong launches its first tokenized covered call ETF
Global X, Citi, and OSL launched a tokenized unit class for the Global X HSCEI Covered Call Active ETF. Each token represents a fund unit, bringing another regulated investment product onto blockchain rails.
https://t.co/uxzAL4V4fi
3/ Bitwise turns tokenized stocks into portfolios
Bitwise launched automated portfolios powered by Coinbase's tokenized stocks and Glider, starting with strategies covering the Magnificent Seven, AI, and robotics.
https://t.co/Vv4wgxm1r9
4/ BIS makes the case for tokenized deposits
BIS General Manager Pablo Hernández de Cos argued that tokenized bank deposits could provide a stronger foundation for the monetary system than stablecoins, highlighting singleness, interoperability, and financial integrity.
https://t.co/sUp2K4gUEt
5/ ECB looks toward onchain central bank money
ECB Executive Board member Isabel Schnabel argued that central banks need to adapt as tokenized finance grows, with central bank money potentially providing the safe settlement layer for DLT-based financial markets.
https://t.co/frQyeOv1Ej
6/ Tokenized RWAs more than double in a year
Tokenized RWAs excluding stablecoins grew from $13.6B to $31.5B over the past year, while tokenized equities surged from $61M to $2.47B.
https://t.co/uU1WzZKgTL
Tokenization moved from the edges into the core of TradFi. Clearer rules, deeper custody, and DLT at the settlement layer.
This week's highlights:
1/ SEC opens a new path for crypto issuance
The SEC proposed "Regulation Crypto Assets," introducing tailored exemptions for certain non-security crypto assets tied to investment contracts. The proposal includes a 5M startup exemption, a 5M startup exemption, a 75M annual fundraising cap, and a safe harbor for when an investment contract may cease to exist.
https://t.co/LkXJrYiDgT
2/ Citi to launch institutional Bitcoin custody
Citi plans to launch Bitcoin custody for institutional clients later this year, expanding its digital asset infrastructure alongside its traditional custody and asset servicing business.
https://t.co/VQ8YONx5PT
3/ Clearstream takes tokenization beyond issuance
Clearstream is expanding tokenized asset infrastructure beyond issuance into settlement, custody, and collateral, bringing DLT deeper into the core plumbing of traditional capital markets.
https://t.co/60hf92e0WC
Active RWA addresses 2x in August.
AI. Gold. Crypto. Capital is moving faster across markets.
Onchain markets are built for that speed.
24/7. Always open. Global by default.
Tokenize the world.
Tokenization moved from the edges into the core of TradFi. Clearer rules, deeper custody, and DLT at the settlement layer.
This week's highlights:
1/ SEC opens a new path for crypto issuance
The SEC proposed "Regulation Crypto Assets," introducing tailored exemptions for certain non-security crypto assets tied to investment contracts. The proposal includes a 5M startup exemption, a 5M startup exemption, a 75M annual fundraising cap, and a safe harbor for when an investment contract may cease to exist.
https://t.co/LkXJrYiDgT
2/ Citi to launch institutional Bitcoin custody
Citi plans to launch Bitcoin custody for institutional clients later this year, expanding its digital asset infrastructure alongside its traditional custody and asset servicing business.
https://t.co/VQ8YONx5PT
3/ Clearstream takes tokenization beyond issuance
Clearstream is expanding tokenized asset infrastructure beyond issuance into settlement, custody, and collateral, bringing DLT deeper into the core plumbing of traditional capital markets.
https://t.co/60hf92e0WC
Tokenization is moving beyond individual products into money, securities, trading, and the infrastructure connecting them.
This week's highlights:
1/ Hong Kong brings stablecoins onchain
HKD At Par, a Hong Kong dollar backed stablecoin launched by a joint venture between Standard Chartered, Animoca Brands, and HKT, entered its first phase of rollout for institutional distributors and professional investors.
https://t.co/GAieWspebJ
2/ Nasdaq builds for always on markets
Nasdaq agreed to acquire LeveL Markets, a major U.S. alternative trading system with 2,500+ clients, as it builds toward an always on market infrastructure.
https://t.co/yErGgfTcu6
3/ Wells Fargo takes tokenized deposits mainstream
Wells Fargo, the country’s fourth-largest bank with about $2.3 trillion in assets, plans to roll out tokenized deposits for corporate and commercial clients this fall, enabling blockchain based transfers and settlement of traditional currencies.
https://t.co/6LryoHo9D8
4/ Tokenized markets keep expanding
The tokenized asset market has grown to around $38B, while tokenized stock holders have reached 1.3M.
Our founder @laichungying shared his views at #IDBW on why Indonesia is a market to watch:
• A crypto-friendly younger generation
• A uniquely forward-looking regulatory environment
• Abundant natural resources that could unlock the next big RWA opportunity
A billion-dollar opportunity in the making.
Read the full piece here.👇
With digital asset generation, a forward-looking regulatory environment, and abundant resource advantages, Indonesia is about to unlock a billion-dollar RWA market. https://t.co/Rs5tLMhkSm
With digital asset generation, a forward-looking regulatory environment, and abundant resource advantages, Indonesia is about to unlock a billion-dollar RWA market. https://t.co/Rs5tLMhkSm