RWA Tokenization Insights by Particula

Bank of Korea Forms Tokenization Task Force Targeting Government Bond Issuance Bank of Korea created a dedicated tokenization unit within its Digital Currency Office to tokenize Korean government bonds on its unified DCS ledger alongside CBDC and tokenized deposits. - Link

India's SEBI to Pilot DLT Tokenization for Corporate Bonds SEBI confirmed a corporate bond tokenization and DLT pilot - announced in May - targeting faster settlement, smart contract programmability and CBDC-based settlement over 6-9 months. - Link

Ondo Perps Crosses $7B in Cumulative Volume Within a Month of Public Launch Ondo Perps hit $7.03B in cumulative volume per DefiLlama - with $5B since public launch on July 7 - allowing up to 20x leverage on tokenized equities using tokenized stocks as margin collateral. - Link

10 xStock Tickers Staged on Hyperliquid Ahead of Spot Launch One deployer won HIP-1 auctions on Hyperliquid for 10 xStock tickers (NVDAX, SPYX, TSLAX, AAPLX, 6 others) between July 15-Aug 8, all vs. USDC - none trading yet. - Link

UK FCA Begins Work on Regulatory Framework for Tokenized Gold FCA held talks with banks on tokenized gold standards - covering collateral use in wholesale and OTC derivatives markets - as London defends its 70% share of global bullion trading. - Link

Hadron by Tether Partners with First Data and BKN301 for Saudi Real Estate Tokenization Tether's Hadron platform to tokenize institutional-grade real estate in Saudi Arabia via First Data and BKN301, targeting Vision 2030 digital asset goals. - Link

✦ 3F Integrates Particula's Quantitative RWA Risk Ratings for Pre-Leverage Collateral Scoring 3F integrated Particula's rules-based PDARF risk ratings for RWAs, giving users a quantitative AAA-D collateral risk score across counterparty, structural and underlying-asset dimensions before taking on leverage. - Link

Schroders Wins Irish Approval for SOAR Tokenized USD MMF Share Class via JPMorgan Kinexys Schroders ($1.17T AUM) received Central Bank of Ireland approval for its first tokenized USD MMF share class - branded SOAR - using JPMorgan's Kinexys as tokenization provider and transfer agent, targeting collateral and 24/7 treasury use cases. - Link

Wellington, Midas and Sentora Launch mWIN Tokenized Credit RWA with T+1 Liquidity as Morpho Collateral Wellington, Midas and Sentora launched mWIN - a tokenized multi-asset credit RWA (IG bonds, CLOs, CMBS, ABS) targeting ~5% yield with T+1 mint/redeem - now live as Morpho collateral paired with PYUSD in a Sentora-curated vault. - Link

FORMS HK, Chainlink and Apex Launch Tokenized Securities Framework for Hong Kong Capital Markets FORMS HK, Chainlink, Apex Group and CSpro launched the Tokenized Securities Framework (TSF) under Blockchain Valley@Cyberport - an ERC-3643-based digital market infrastructure for issuance, distribution and DvP settlement of tokenized securities in Hong Kong. - Link

Circle Sets Sept 16 Arc Mainnet with BlackRock, DTCC, Visa and Mastercard as Founding Validators Circle set a Sept 16 mainnet date for Arc blockchain, naming BlackRock, DTCC, ICE, Visa, Mastercard, Standard Chartered and SBI as founding validators - with DTCC Tokenization Service adding Arc as a supported chain for H2 2027. - Link

Aviva Investors Launches First Tokenized MMF Share Class on XRP Ledger for $1.23B USD Fund Aviva Investors launched its first tokenized MMF share class on the public XRP Ledger for its $1.23B USD Liquidity Fund - approved by the Central Bank of Ireland, with tokens mirroring conventional book entries reconciled daily but non-transferable. - Link

Tokenized Equities Hit Record $2.5B - Overtake Treasuries as Most Widely Held RWA Category Tokenized equities hit a record $2.5B - overtaking treasuries as the most widely held RWA category for the first time - as total RWA holders grew 44% to 1.48 million. - Link

Circle Names BlackRock, DTCC, ICE and Visa as Arc Founding Validators Ahead of Sept 16 Mainnet Circle named BlackRock, DTCC, ICE and Visa as Arc founding validators - BlackRock will bring BUIDL onto Arc and Visa will run a validator node - ahead of public mainnet launch on September 16. - Link

Dinari Opens 724 Tokenized US Stocks to American Investors via FINRA-Registered Broker-Dealer Dinari opened 724 tokenized US stocks - incl. all S&P 500 constituents - to American investors via self-custody wallets and USDC through its FINRA-registered broker-dealer, with NBBO execution, voting rights, dividends and corporate actions. - Link

Spiko and Marex Launch Tokenized Cash and Carry Fund on CME Crypto Futures Basis Spiko and Marex launched a France-domiciled AIF targeting CME crypto futures basis (BTC, ETH, SOL, XRP) via an MSCI-administered rules-based index - daily NAV, €100,000 minimum. - Link

xStocks Crosses $600M in Tokenized Equities AUM with 200,000 Holders and $35B Cumulative Volume Backed Finance's xStocks crossed $600M in tokenized equities AUM - its first disclosed AUM milestone - alongside previously reported $35B cumulative volume and 200,000 holders. - Link

JPMorgan, Citi, BofA and Wells Fargo Plan Shared Tokenized Deposit Network for H1 2027 JPMorgan, Citi, Bank of America and Wells Fargo plan a Clearing House-operated tokenized deposit network for 24/7 interbank transfers, targeting H1 2027 launch starting with multinational corporates. - Link

Wellington and Libeara Launch INCOM Tokenized Multi-Sector Fixed Income Fund Wellington Management and Libeara launched INCOM, a tokenized multi-sector fixed income fund covering high-yield corporates, bank loans, convertibles and securitized assets - sub-advised by Wellington Singapore, managed by MAS-regulated FundBridge Capital. - Link

Franklin Templeton Joins Canton Network as Super Validator to Run Consensus and Governance Franklin Templeton ($1.5T AUM) became a Canton Network super validator, moving from issuing assets on Canton to running consensus and governance - following its earlier Benji platform integration. - Link