Timeline of events since Congress failed to pass the Crypto Clarity Act
September 17:
• SEC allows limited on-chain trading of tokenized US stocks.
• CFTC allows developers to build passive derivatives software without registering as brokers, including for crypto markets.
• SEC Chair Atkins says tokenization rules are moving toward a longer-term framework.
September 18:
• CFTC files new crypto market rules, moving them into White House review.
September 23:
• CFTC Chair Selig says the agency is establishing clear crypto market structure rules.
• CFTC outlines plans for 24/7 on-chain, tokenized financial markets.
• Trump administration considers promoting dollar-backed stablecoins internationally.
September 24:
• CFTC issues updated guidance on tokenized assets and blockchain recordkeeping.
• Federal Reserve proposes rules for stablecoin issuers under the GENIUS Act.
September 25:
• SEC staff releases new guidance on how securities laws apply to crypto.
• SEC Commissioner calls to end mass collection of sensitive KYC data.
Blockchains are the economic coordination substrate for all digital economic activity. Once you accept that, you have to accept that they’re vastly underpriced.
Agents are going to do more of the buying, selling, negotiating and settling on our behalf, and its going to happen faster than anybody is ready for. This is the core of my Exponential Age framework, and my Everything Code framework is why it cant be stopped.
Agents are machines. A machine cant hold a share certificate or read a mortgage deed. It needs everything it touches to be a token it can read, hold and move in a fraction of a second. So everything gets tokenised... stocks, bonds, property, money, contracts, data, energy, the lot. Think about everything in the world that isnt a token today… All of that WILL become a token and get priced onchain.
And all that value will settle on the L1. These are the infrastructure substrate, which is a different thing to the applications layer that sits on top of them, and a different thing to Bitcoin, which is the store of value layer.
At scale the L1s will run the whole global economy... and we wont even see it.
💥How Ondo, BlackRock, Ripple & DTCC All Connect 💥
👀 OKAY… THIS is where all these announcements start connecting. People keep looking at each partnership like it’s an isolated headline. It’s NOT. 😳
Look at the stack being built in front of us....
BLACKROCK ➡️ ONDO ➡️RIPPLE/XRPL ➡️ DTCC
Follow me here…
🏦 BLACKROCK
BlackRock is now designing actual investment strategies for Ondo’s new “Intelligent Portfolios” which are baskets of stocks, bonds, Bitcoin exposure and other assets that can be represented by ONE tokenized portfolio. So, BlackRock helps design the investment product.
⬇️
🔵 ONDO
Ondo takes traditional financial assets and brings them ONCHAIN. Instead of blockchain only representing one Treasury or one stock…
Now we're talking about entire professionally managed portfolios being tokenized, rebalanced and transferred digitally.
⬇️
🌐 RIPPLE / XRPL
Earlier this year, Ondo + Ripple + J.P. Morgan’s Kinexys + Mastercard completed a real cross-border redemption involving Ondo’s tokenized U.S. Treasury product. Ondos OUSG is available on the XRP Ledger as of Jan 2025, and that project demonstrated how tokenized assets can move between blockchain networks and traditional banking infrastructure. THIS is the settlement/liquidity side of the equation.
⬇️
🏛️ DTCC
Then on Sept. 16…
Ondo’s subsidiary Oasis Pro Markets became the FIRST tokenization company to join DTCC’s Fund/SERV network. Fund/SERV sits inside the operational plumbing of the U.S. fund industry and handles more than 85% of U.S. mutual fund activity. That means Ondo isn't just building crypto products outside Wall Street anymore…
They are connecting tokenized finance DIRECTLY into Wall Street's existing infrastructure. 🤯
And now DTCC's much broader tokenization initiative is expected to move into its next major phase in October. Do you see it yet???
✅BlackRock creates the strategy.
✅Ondo tokenizes the assets.
✅Blockchain rails like XRPL demonstrate how those assets can move and settle.
✅DTCC connects that tokenized world to the existing U.S. financial system.
THIS is what "Wall Street moving onchain" actually looks like.
Not one giant switch being flipped overnight…
It's the infrastructure being connected piece by piece. All merging into ONE financial ecosystem.
And we are literally watching it happen in real time. 👀🔥
#ONDO #BlackRock #Ripple #XRP #XRPL #DTCC #RWA #Tokenization #Crypto #DigitalAssets
The world doesn't have equal access to financial markets. Crypto fixes that.
I sat down with @armaniferrante, founder of Backpack and Mad Lads, to explore how regulated finance moves onchain, why tokenized equities could give everyone access to U.S. stocks, and how crypto becomes the global API for finance. As ever, please enjoy!
More Banks will soon start offering crypto services
IBM launched a new set of solutions that will allow traditional banks to offer digital asset storage and tokenized money transfers via SWIFT's Blockchain Ledger.
The solution provides around-the-clock liquidity, avoiding restrictions from traditional banking rails and market working hours.
It also integrates with core banking platforms, linking balance sheets to the blockchain-based settlement process.
Nobody is paying attention to this.
"MASS TOKENIZATION" is coming, and most people have no idea what's coming.
1. The $115T stock market will be tokenized
2. The $117T bond market will be tokenized
3. $390T real-estate will be tokenized
4. $26T+ in gold will be tokenized
5. $15T in private funds will be tokenized
6. US government debt will go digital
7. Private loans will go digital
8. Arts and collectibles will go digital
9. Roads and power plants will go digital
10. $7T/year Insurance industry will go digital
11. Every firm will have their OWN onchain product
12. Companies launch their shares onchain
13. Stablecoins, moving $7.3T a month, become the normal way to move money
14. Markets stop closing, running 24/7
15. Settlement drops from T+1 to seconds
16. Money and assets cross borders without correspondent banks
17. Everything you own becomes something you can borrow against
18. Finally, crypto and tradfi become the same market
8.2 BILLION people on Earth will use it without knowing.
Funnily enough I wrote about this yesterday...
BlackRock gets the rails right:
- AI is machine native intelligence, crypto is machine native money
- Agents cant use banks so they need blockchains
- Stablecoins are the money they pay with
- Compute becomes a tokenised asset class
But they stop at money and compute. The machine economy needs far more than that... identity, contracts, attention, energy, information itself. All of it gets tokenised, and most of those asset classes dont exist yet.
Everything will be a token. And I mean everything.
🇺🇸 JUST IN: CFTC Chairman Selig says US markets must prepare for "mass tokenization" as blockchains and AI are "adopted at scale."
Selig told the US Treasury Market Conference that "the next decade will likely bring more change to financial markets than the previous several decades combined."
The CFTC expanded eligible collateral to include stablecoins in February and is looking to drive further adoption across exchanges and clearinghouses.