RWA cluster: tokenized stocks, institutional adoption, SEC Rule 611, Solana dominance, Korean reform, tokenized gold surge, Open USD consortium vs Circle, Robinhood RWA blockchain, Arcus DEX, Uniswap integration, Securitize NYSE debut, Ondo custodial tokenized securities
Key Questions
What is the current size of the RWA market and tokenized asset value?
The RWA market stands at $65B with 44% YTD growth. Tokenized asset value is $31.5B after a 1.4% decline, while unique holders rose 14% to 943K, largely driven by tokenized stocks.
What milestone did Securitize achieve with its NYSE listing?
Securitize listed on the NYSE as SECZ and tokenized $295M of its own stock on Solana and Avalanche, marking the largest issuer-sponsored tokenized stock at launch.
Why does Solana dominate tokenized stocks trading?
Solana holds 95-98% market share with $553M daily volume ATH and $10B cumulative volume. June monthly volume reached approximately $6B, far outpacing other chains.
What is the Open USD consortium and how does it affect Circle?
The Open USD consortium, backed by over 140 institutions including Visa, BlackRock, and Coinbase, plans a new stablecoin to challenge USDC. Circle's CEO criticized it, and Circle stock dropped 17.55%.
What new blockchain and DEX did Robinhood launch for RWAs?
Robinhood launched Robinhood Chain for 24/7 tokenized stocks with integrations from Alchemy, BitGo, and Chainlink. It also introduced Arcus DEX (rebranded from dYdX) offering fee-free perps and tokenized stocks, with Uniswap now live on the chain.
What regulatory milestone did Ondo achieve with tokenized securities?
Ondo launched the first custodial tokenized versions of BlackRock's IVV ETF and Micron (MU) stock under the SEC framework, using Broadridge for custody and proxy voting rights.
How has tokenized gold performed recently?
Tokenized gold has surged to $7.1B, reflecting over 300% growth in the past 15 months, supported by platforms like Ondo and others offering 24/7 minting and trading.
What funding did Metal secure and from whom?
Metal, focused on stablecoin cross-border payments, raised a seed round led by Airwallex and Capital49, with Airwallex also becoming its first design partner to bridge traditional finance and Web3.
RWA mkt $65B +44% YTD. Tokenized asset value stalled (-1.4% to $31.5B) but holders surged 14% to 943K driven by stocks. Securitize went public on NYSE (SECZ) and tokenized $295M of its own stock on Solana/Avalanche. South Korea blockchain push with stablecoin pilots and 2027 regulatory clarity. Solana tokenized stocks $553M daily vol ATH, 95-98% market share, $10B cumulative; June monthly vol ~$6B. Binance bStocks $143M vol; Coinbase launches tokenized stocks; SEC proposes abolishing Rule 611; Korean FSC adopts tokenized securities reform; Tokenized gold $7.1B (+300% 15mo); Ondo 24/7 minting; Maple Finance/Kraken warehouse facility; Invesco files tokenized MMF on Superstate rails; Circle USYC $3B. Open USD consortium with 140 institutions (Visa, BlackRock, Coinbase) challenges Circle's USDC model; Circle CEO blasts OUSD as 'dismal'; Circle stock drops 17.55%. Robinhood launched own RWA blockchain (Robinhood Chain) with 24/7 stock tokens, integration with Alchemy/BitGo/Chainlink, and now Arcus DEX (from dYdX) offering perps and tokenized stocks fee-free; Uniswap officially launched on Robinhood Chain. Tokenized stocks DEX volume down 20% as market shifts to holding. Ondo launches first custodial tokenized US securities (IVV ETF & MU) under SEC framework with Broadridge proxy voting — a regulatory milestone. Ondo also partners with BR for custody, adds voting rights via Broadridge. Market cap $5.5B, up 147% YTD. Metal (stablecoin cross-border) seed round led by Airwallex and Capital49.