News linked to both this project and an event.
Odaily reports: The Stellar Development Foundation (SDF) has announced a strategic investment in Marketnode, an Asia-Pacific digital market infrastructure operator, to expand institutional investors' access to tokenized real-world financial assets through the Stellar network. Marketnode is backed by Euroclear, HSBC, Singapore Exchange Group, and Temasek, with operations covering the issuance, distribution, and servicing of funds, credit, and structured products, connecting asset management institutions, issuers, distributors, and qualified investors.
According to the official announcement from Chainlink, Chainlink 24/7 is now live, providing 24/7 on-chain market data for real-world assets (RWA) such as stocks and commodities, covering weekends and holidays, and supporting tokenized asset trading, collateral valuation, and on-chain risk management. Decentralized lending protocol Aave has become the first partner and will utilize this service for 24/7 collateral management.
Y Combinator has released a startup guide for the crypto sector, noting that over the past year, growth in the crypto industry was driven by institutions rather than consumers for the first time. Use cases are shifting from speculative trading to real-world financial needs such as oil hedging and cross-border corporate treasury flows, and the firm expects crypto adoption to accelerate further.The firm believes that various asset classes will accelerate toward tokenization, expanding from stablecoins and equities to real estate titles, debt, and commodities. Meanwhile, startup equity and small-value assets that were previously difficult to securitize may also enter the market through on-chain issuance. Around these assets, financial infrastructure such as trading, lending, and derivatives will continue to develop, and AI agents may become important financial participants.For startup directions over the next 6 months, Y Combinator is focusing on AI fundraising, USD and other fiat stablecoins, neobanks, real-world asset (RWA) tokenization, trading platforms, and crypto API infrastructure for AI agents. The firm believes that while traditional financial institutions face challenges, this also creates startup opportunities for a new generation of fintech companies.
Odaily reports: Orochi Network announced an additional $8 million in funding, bringing its cumulative fundraising to $20 million. The funds will be used to build verifiable data infrastructure for real-world asset (RWA) tokenization. This round received support from MEXC Ventures, Plutus VC, Bolts Capital, Ant Labs, and previous investors, and the project also received a grant from the Ethereum Foundation.Orochi Network stated that its verifiable database zkDatabase has launched on mainnet, having processed over 700 million proofs cumulatively with more than 10,000 downloads. It has established partnerships with projects such as Plume, Lumia, Nexus, and OG, and its alliance has over 120 enterprise partners. The network aims to use cryptographic technologies such as zero-knowledge proofs to verify the authenticity and integrity of asset data, providing data verification and audit infrastructure for applications including RWA, stablecoins, and AI.
Odaily — Gate has released its "Q3 2026 Report," showing continued growth in its trading business and a significant expansion of its multi-asset trading product matrix in Q3 2026. According to CoinDesk data, Gate's derivatives trading volume reached $396 billion in September, up 38.2% quarter-over-quarter, ranking among the global top three centralized derivatives exchanges with market share rising to 10.1%. Over the same period, spot trading volume reached $48.8 billion, up 21.9% quarter-over-quarter, while its RWA perpetual contract market share reached 9.1%, ranking third globally.On the TradFi side, Gate's stock and ETF coverage increased to over 12,800 instruments, spanning U.S., Hong Kong, Korean, and Japanese equities, providing users with a rich selection of global asset allocation options. Its tokenized stock business gStocks continued to expand its tradable instruments, with monthly trading volume exceeding 2.5 billion USDT in August, and its comprehensive competitiveness in stock spot trading ranking among the global top two. Gate ETF quarterly trading volume approached 60 billion USDT, with ETF trading pairs supported by the platform increasing to 424; options quarterly trading volume grew 23.8% quarter-over-quarter, and the number of new trading users rose 52.1%, as U.S. stock options continue to broaden traditional financial asset trading scenarios. The launch of stock copy trading further connects stock and ETF trading across multiple markets, enriching the ways users can participate in global financial markets.From crypto asset trading to global stocks, ETFs, CFDs, and multi-asset derivatives, Gate continues to broaden its product coverage and trading scenarios, driving the accelerated integration of digital assets and traditional financial markets while refining its one-stop multi-asset trading service system.
According to disclosures by the Shenzhen Economic Crime Investigation Department, investors have recently suffered financial losses from investment scams operating under the guise of "RWA real estate tokenization." These schemes typically use technical pretenses such as "automated smart contract dividend payouts" and "verifiability on blockchain explorers" to lure investors into purchasing fictitious on-chain fractionalized real estate ownership. Once the funds are collected, dividend distributions cease and the operators disappear. The Shenzhen Economic Crime Investigation Department pointed out that smart contract addresses and company registration information only prove the existence of the code and the registered corporate entity; they do not indicate that the projects are genuinely backed by underlying physical assets, nor do they signify that the projects hold financial business qualifications. Under China's current regulatory framework, any tokenized financing activities conducted domestically under the name of RWA constitute illegal financial activities. Virtual currencies do not possess the status of legal tender, and related token issuance financing and speculative trading are not protected by law.
According to Bloomberg, leverage trading capital in the cryptocurrency market is shifting from pure digital tokens to traditional financial assets such as stocks and commodities. The latest data from crypto trading technology provider Talos indicates that across five major trading platforms, the total open interest of perpetual futures contracts has fallen from approximately $81 billion to around $67 billion over the past year. Meanwhile, the total open interest of contracts linked to real-world assets (RWA) has surged from nearly zero to $9 billion, now accounting for 14% of the total positions on these platforms.
Tom Lee, Chairman of Bitmine, stated that the core driver of this crypto bull market may be stronger than previous cycles, because the potential market size brought by tokenization far exceeds the retail narratives of the past.Tom Lee said that participants in the 2016 to 2017 bull market were mainly retail investors; the 2019 to 2021 cycle was mainly driven by NFTs and was likewise dominated by the retail market; while last year was a phase of rapid stablecoin development. He believes the greater driver now is real-world assets (RWA) and traditional financial assets moving on-chain. Global liquid assets total about $200 trillion, of which the three major asset classes—equities, bonds, and credit—amount to about $160 trillion. If 10% of these assets are brought on-chain, that would correspond to a market size of about $16 trillion.Tom Lee further stated that for every $1 of assets tokenized or locked in an L1 blockchain ecosystem, it typically creates about $1 of value for that blockchain.
Citrini Research has stated that the barriers between traditional finance and the crypto industry are gradually dissolving, and with the proliferation of AI Agents, blockchain may be approaching a true inflection point for adoption.Citrini Research suggests that in the future, personal AI agents may be able to manage all of a user's financial assets, including allocating idle funds, executing investment decisions, and finding loan solutions. However, the existing financial system is built on manual processes, intermediaries, and compliance frameworks, making it difficult to adapt to round-the-clock, automated machine interaction needs.The firm believes that AI agents require financial infrastructure that is programmable, operates in real time, and requires no human intervention. After more than a decade of development, blockchain happens to possess characteristics such as asset digitization, on-chain settlement, and open financial applications. Previously, the crypto industry faced issues such as a complex user experience and a lack of real asset applications, but with the advancement of real-world asset (RWA) tokenization, traditional financial assets are gradually moving on-chain.Citrini Research points out that the development of tokenized equities, U.S. Treasuries, credit, and other assets, along with changes in the regulatory environment, is driving the convergence of traditional finance and crypto markets. The firm notes that recent developments — including Robinhood launching stock tokens, regulators exploring rules for tokenized assets, and on-chain markets such as Hyperliquid gaining attention from traditional finance — all indicate that the market is undergoing a shift.Citrini Research states that investors should focus not merely on whether assets will be tokenized, but rather on "who can capture the economic value in the tokenization wave." The firm believes that blockchain may ultimately become critical financial infrastructure in the AI agent era.
Odaily — RWA platform Ondo's Ondo Private Markets has announced that the OpenAI Private Markets Note is now listed on the Ondo Perps spot order book, allowing users to trade on-chain 24/7.The product is designed to provide accredited investors with economic exposure tied to OpenAI's private market valuation performance, tracking the per-share realized value of the reference company's common stock through a tokenized note. Users can gain exposure to the relevant market without waiting for OpenAI to go public.Ondo stated that the note offers three key features: first, it supports round-the-clock trading, allowing users to buy and sell on the Ondo Perps spot order book; second, it supports self-custody, enabling users to store tokens in personal wallets and transfer them among accredited investors; third, it is built on Ondo's existing tokenized asset infrastructure, with the platform currently holding approximately $3.9 billion in TVL and more than 1 million holders.Ondo emphasized that the note does not represent OpenAI shares or equity, and holders do not enjoy OpenAI shareholder rights. Ondo has no affiliation, partnership, or endorsement relationship with OpenAI.
Odaily reports: Aave founder and CEO Stani posted on X platform that his way of measuring Aave's potential market size is "addressable collateral" — the broader the range of assets that can serve as collateral, the greater the lending market space becomes.Stani stated that Aave initially started with crypto assets, then expanded into securities through Coinbase Tokenized Stocks and Horizon RWA, and in the future will also cover assets such as solar energy, batteries, GPUs, robots, and space infrastructure. He expressed his belief that this transformation will continue through 2050, and that Aave's goal is to accelerate this process by approximately 10 years by providing financing for the assets that will drive the "Age of Abundance."
Odaily News: Jumper has announced plans to conduct its first JUMP token sale through Legion and spin off from LI.FI to become an independent company. Jumper currently has cumulative trading volume exceeding $40 billion, over 100,000 monthly active users, and a market share of more than 15% in cross-chain bridge transaction volume.Jumper stated that in the future it will expand from cross-chain aggregation to an on-chain finance super app, covering spot trading, cross-chain, perpetual contracts, tokenized stocks, and other RWA and yield products. Its perpetual contract product, Jumper Perps, is expected to launch in the coming weeks. This Legion token sale will be Jumper's first fundraising, with proceeds to be used for product development, user acquisition, and market expansion; the JUMP token is planned to be issued separately after the fundraising is completed, and the company will not conduct equity financing at the same time. (Cointelegraph)
Odaily News: Digital asset investment firm RockawayX will deploy $150 million through its Catapult program to provide venture capital, product structuring, liquidity, market-making, and distribution support for projects bringing real-world yield assets into DeFi. RockawayX manages approximately $2 billion in assets and has already deployed about $300 million onchain. The program will focus on areas including trade and supply chain finance, special asset-backed securities, CLOs, and real estate-related credit.RockawayX CEO Viktor Fischer said that after trading, "yield" could become the largest use case onchain, and that new yield sources with annualized returns exceeding 12% and uncorrelated to crypto market trends will be needed in the future. Fischer also noted that the challenge with real-world assets (RWAs) is not tokenization itself, but rather the buyers, trading venues, and exit mechanisms after assets are tokenized. (CoinDesk)
Odaily News: The fund was founded by Abu Dhabi-based investor and Further Ventures co-founder Mohamed Hamdy, with Thoro Capital Management serving as the manager and Mohamed Hamdy as Managing Partner. Thoro Capital Management will settle in USD via stablecoins and lend directly to digital asset institutions, with Hashed as the anchor investor. The fund employs a covenant-based underwriting approach, assessing borrowers' financial condition, cash flow, and management performance, aiming to alleviate the financing issues caused by traditional banks' regulated capital requirements and crypto lenders' reliance on asset-collateralized underwriting. Tokenized private credit has become the largest real-world asset (RWA) category by cumulative on-chain lending volume, with total loans exceeding $14 billion, while the traditional private credit market exceeds $3 trillion. Previously, Hashed obtained a financial services permission from the Abu Dhabi Global Market and signed a memorandum of understanding with the Abu Dhabi Investment Office.
the funding amount was not disclosed, with Amber Group participating in the round. Travix is an on-chain perpetual contract protocol built on a modular blockchain architecture, employing a hybrid model of off-chain high-performance matching and on-chain settlement. It supports millisecond-level processing and introduces a unified account management system. Its main business includes perpetual contracts for computing power assets, financial world models, and trustworthy AI agent trading. It supports trading of hardware assets such as H100 chips and storage, and plans to expand perpetual contract trading pairs for exotic assets like East Asian equities. The funds will be used to advance the development of computing power assets and Compute-Led RWA trading pairs, research and develop financial world models, develop and deploy a trustworthy AI agent trading engine, as well as expand into global markets, build a multilateral ecosystem, and launch trading promotion incentive programs.
Aave plans to launch a Real World Assets (RWA) lending hub on Avalanche, enabling institutions to borrow stablecoins using tokenized financial assets as collateral without liquidating their existing positions. Tether's USAT will serve as the primary source of USD liquidity. Within two months of Aave V4 launching on Avalanche, total deposits have exceeded $20 million.
Odaily News: Bitget Wallet has announced its integration with RWA protocol Reality, opening trading access to over 1,700 rToken tokenized US stocks. Through this integration, users can trade tokenized US stocks 24/7 on Arbitrum and Morph without needing to open an overseas brokerage account, submit KYC, complete a W-8BEN form, or arrange a wire transfer. Dividends generated by the corresponding underlying assets will be credited to Bitget Wallet in USDT at a 1:1 ratio.Reality is a compliant tokenized asset issuance platform, licensed under El Salvador's digital asset issuance law framework. Its issued rTokens are backed 1:1 by real US stocks, currently supporting over 1,700 tokenized US stocks including rTSM, rNVDA, rAAPL, and rQQQ, covering approximately 95% of US market trading volume. rTokens can connect directly to liquidity across all US markets including Nasdaq and the NYSE, with underlying assets compliantly custodied by FINRA-licensed broker-dealer Alpaca Securities, maintaining a reserve ratio exceeding 100%, with third-party CPA firms issuing daily real-time Proof of Reserve (PoR). This integration will further advance Bitget Wallet's Everyday Finance strategy, aiming to enable users to seamlessly conduct everyday transactions of traditional financial assets through an on-chain wallet.
Odaily News: According to Gate Ventures' latest weekly report, last week's escalation of geopolitical conflicts in the Middle East combined with U.S. core inflation exceeding expectations significantly heightened global market volatility. Brent crude and WTI crude surged 8.33% and 9.36% respectively, returning above $100 per barrel; U.S. August core CPI rose 0.29% month-over-month, higher than expected, pushing the 10-year Treasury yield to 4.97%, with market-implied probability of a September rate hike rising to approximately 86%; spot gold fell 1.82% to $4,349.42 per ounce. U.S. stock indices — the S&P 500, Nasdaq, and Dow Jones — declined 0.80%, 0.66%, and 1.57% respectively; the crypto market weakened in tandem, with BTC and ETH dropping 4.4% and 1.5% respectively. Spot BTC ETFs saw net outflows of $462.7 million, while ETH ETFs recorded net inflows of $197.1 million. The fear index dropped from 71 to 57, indicating a cooling of market sentiment.On the industry front, India launched a $107 million tokenized corporate bond pilot program, further advancing institutional-grade RWA tokenization; Gemini obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, further expanding its regulatory footprint in the Asia-Pacific region; and the Philippine central bank plans to suspend new payment system operator registrations for 12 months, tightening oversight of VASP-related payment activities.On the funding side, a total of 9 financing deals were completed last week, with disclosed total funding reaching $158.4 million, down 88% quarter-over-quarter. Overall, energy prices and inflation expectations remain the core variables driving short-term market trends, while interest in tokenized assets and institutional-grade crypto infrastructure development remains undiminished.
The Jiangsu Securities Regulatory Bureau issued a risk warning stating that recently, some institutions and individuals have been hyping the concept of Real-World Asset tokenization (RWA), attracting public investment with claims such as "backed by real assets," "principal guaranteed with high returns," and "low risk with stable appreciation." Such behavior may involve illegal criminal activities including illegal fundraising, fraud, and money laundering. Regulatory authorities emphasize that conducting financing activities under the name of RWA within mainland China constitutes illegal financial activity. Investors should enhance their risk awareness, stay away from related illegal financial temptations, and promptly report any suspicious clues to the competent authorities or file a report with the public security organs upon discovery.
According to CryptoRank data, the number of real-world assets (RWA) markets offered by decentralized exchanges providing perpetual contracts has reached 1,000, marking the further expansion of on-chain derivatives from crypto-native assets to traditional financial assets. Publicly traded stocks remain dominant, accounting for approximately 75% of all RWA markets, indicating that tokenized stocks are becoming a key entry point for traditional financial assets to access perpetual contract trading.