Crypto Pulse

Tokenization and RWA adoption accelerates: South Korea capital market overhaul, SEC stock token trading, tokenized ATH $43B, Morpho raise, State Street fund, Aave Horizon mGLOBAL, PAXG on Solana, Sunrise DeFi lists $DRAM ETF

Tokenization and RWA adoption accelerates: South Korea capital market overhaul, SEC stock token trading, tokenized ATH $43B, Morpho raise, State Street fund, Aave Horizon mGLOBAL, PAXG on Solana, Sunrise DeFi lists $DRAM ETF

Key Questions

How is South Korea advancing tokenization?

South Korea is incorporating token securities into its capital market overhaul to modernize regulations and support tokenized assets.

What is the SEC's stance on stock token trading?

The SEC is poised to allow stock token trading, enabling broader institutional participation in tokenized equities.

What is the current size of the tokenized asset market?

The tokenized asset market has reached an all-time high of $43B, reflecting 37% growth driven by RWA adoption.

Which major funds and platforms are launching RWA products?

State Street launched a money market fund, Morpho raised $175M, and Aave Horizon partnered with mGLOBAL for receivables finance.

How is Paxos expanding gold tokenization on Solana?

Paxos brought PAX Gold (PAXG) to Solana via Sunrise DeFi, making it the first OCC-regulated gold token on the network.

What new tokenized ETF was listed on Solana?

Sunrise DeFi listed the $DRAM tokenized memory-chip ETF on Solana, bringing traditional market exposure to DeFi users.

How is Exponent Finance supporting RWA yields?

Exponent Finance introduced risk-tranching for Solana DeFi and RWA yield markets to attract traditional finance participants.

What updates did Morgan Stanley make to its Solana ETF filing?

Morgan Stanley updated its Solana ETF filing to include staking, signaling growing institutional interest in SOL.

South Korea folds token securities into capital market overhaul. SEC poised to allow stock token trading. Crypto exchanges pivoting to RWA gateways. Tokenized asset market tops $43B with 37% growth. Morpho raises $175M. State Street launches money market fund. Aave Horizon partners with mGLOBAL for receivables finance. Morgan Stanley updates Solana ETF filing to include staking. Paxos brings PAX Gold to Solana via Sunrise, first OCC-regulated gold token on the network. Exponent Finance launches risk-tranching for Solana DeFi and RWA yield markets. Sunrise DeFi lists $DRAM tokenized memory-chip ETF on Solana.

Sources (8)
Updated Jul 2, 2026
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