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Odaily Odaily News Gate Research recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market saw a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes maintained high volatility overall. The report shows continued divergence in activity across major public chain ecosystems. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.Regarding trending sectors, the report notes that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA sub-sectors, entering a second explosive growth phase in April. Major trading platforms saw monthly trading volumes exceed $220 million, with weekly revenue briefly approaching $6 million, setting new historical records. Meanwhile, Aave experienced its most severe liquidity crisis ever in April, with TVL outflows reaching tens of billions of dollars within a few days and net outflows exceeding $9 billion for the entire month.In terms of fundraising and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, Web3 security incidents in April resulted in losses of approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO worth approximately $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both increasing simultaneously. However, the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
Bitwise Chief Investment Officer Matt Hougan stated that privacy is becoming a core infrastructure direction for the next phase of the crypto industry. Recently, three institutional-grade blockchains focused on stablecoins and asset tokenization—Arc, Canton, and Tempo—have accumulated over $1 billion in total funding, indicating a rapidly growing demand from institutions for "privacy-friendly on-chain financial systems."Among them, stablecoin issuer Circle contributed $222 million in funding for Arc, giving it a valuation of approximately $3 billion; Digital Asset’s Canton blockchain is reportedly seeking $300 million in funding at a $2 billion valuation; and Tempo, backed by Stripe and Paradigm, has previously completed $500 million in funding at a valuation of $5 billion.Hougan noted that this funding wave reflects three major trends: the gradual clarification of the U.S. regulatory framework, increased institutional demand for on-chain privacy, and intensified competition among new blockchain networks supported by large enterprises. Current public blockchains still face structural trade-offs between speed, cost, security, and privacy. However, scenarios involving stablecoins and RWA tokenization require systems that simultaneously offer high performance, compliance, and privacy, making “verifiable privacy” a critical prerequisite for institutional adoption of on-chain finance.Hougan further stated that, for enterprises, “all transactions being publicly broadcast” is not an advantage but a potential flaw. In the future, users and institutions may find it increasingly difficult to accept a fully transparent on-chain financial environment. He believes that privacy capabilities could become the “killer app” driving the crypto industry into its next phase of mainstream adoption. Additionally, following the passage of the U.S. Genius Act in 2025, regulatory certainty has significantly increased, providing a clearer policy foundation for institutional funds to enter the crypto infrastructure space. (CoinDesk)
asset management giant BlackRock has filed a new tokenized fund structure application with the U.S. Securities and Exchange Commission (SEC), again selecting Securitize as the provider of underlying technology and issuance infrastructure. According to the filing, the fund will record ownership on the blockchain and integrate with regulated transfer agents and investor access systems. Specifically, Securitize Transfer Agent, LLC will be responsible for maintaining the official registry and ownership records of fund shares across multiple public blockchains, achieving the integration of on-chain assets with traditional compliance systems.This application represents a further expansion built on the success of its first tokenized fund, BUIDL. Since its launch in 2024, the product's scale has grown to approximately $2.3 billion. Market data shows that the total market size for real-world asset (RWA) tokenization has now surpassed $30 billion, with institutional capital accelerating its shift from experimental phases towards compliant, scaled on-chain financial infrastructure development.
: tZERO, a regulated securities trading platform, has announced the integration of its tokenization issuance platform with the Aptos network, enabling issuers to directly issue Real World Asset (RWA) tokens on this high-performance public chain, further broadening the path for institutional-grade assets to be placed on-chain.Aptos is being positioned as the underlying network for institutional-grade tokenization infrastructure and is consistently attracting integration by traditional finance and compliant tokenization platforms. Currently, tokenized funds from institutions including BlackRock and Franklin Templeton are already operating on the chain. With tZERO's integration, the compliant asset issuance and trading infrastructure on Aptos is further enhanced, covering the full-chain capabilities from issuance, circulation, to settlement.
Ondo Finance announced its Ondo Global Markets platform has surpassed $1 billion in total value locked (TVL), becoming the first tokenized stock and ETF trading platform to reach this scale. It is understood that the platform has been online for less than 8 months, with TVL doubling since January 2026 and accumulating approximately $18 billion in trading volume. According to data from RWA.xyz, it currently holds over 70% market share in the tokenized stock issuance sector.
the Bank of New York Mellon (BNY) has announced the launch of a compliant institutional-grade digital asset custody service in the Abu Dhabi Global Market (ADGM), aiming to position Abu Dhabi as a global digital finance hub. The service is designed to provide institutional clients with highly secure and scalable digital asset custody solutions. Initially, the service will support the custody of Bitcoin and Ethereum, with subsequent phases expanding to stablecoins, tokenized real-world assets (RWAs), and more regulated digital financial products. The project remains subject to final agreement confirmation and relevant regulatory approvals. (Crowdfundinsider)
According to a CoinGecko report, as of March 31, 2026, the market capitalization of tokenized real-world assets (RWAs) reached $19.32 billion, representing a 256.7% increase from $5.42 billion at the beginning of 2025. Tokenized U.S. Treasury securities remain the largest category, with a market size exceeding $10 billion; tokenized commodities grew to $5.55 billion, primarily driven by gold-backed tokens XAUT and PAXG. The report also states that in Q1 2026, spot trading volume for tokenized gold reached $90.7 billion, while spot trading volume for tokenized equities reached $15.1 billion—both surpassing their respective levels in 2025. During the same period, total trading volume for RWA perpetual contracts rose to $524.8 billion.
Odaily, Odaily news: Balcony, a RWA infrastructure based on the Avalanche blockchain, announced the completion of a $12.7 million seed funding round, led by Blockchange Ventures. The new funds will be used to deploy its platform for on-chain real estate transactions and asset settlement services in the U.S. market, integrating fragmented property records into a tamper-proof digital registry. (Tamradar)
According to Caixin, YF Financial’s gold token product has no secondary market, and the physical gold is stored in a Hong Kong vault. The product will be available only to users who have completed Hong Kong’s Professional Investor (PI) certification. A relevant official stated that physical-gold-backed token products are “in essence not financial leverage, but rather the digitization of assets.” In February this year, eight Chinese government departments—including the People’s Bank of China—jointly issued the “Notice on Further Preventing and Addressing Risks Related to Virtual Currencies and Other Matters,” which for the first time incorporated Real World Assets (RWA) into the regulatory framework at the supervisory level, adopting an overall approach of “strict prohibition domestically and strict oversight overseas.” Earlier reports indicated that YF Youyu—a subsidiary of YF Financial, in which Jack Ma holds an indirect stake—launched a physical-gold-backed token product, with physical gold as its underlying collateral asset; each unit of the product corresponds to 1 gram of LBMA-certified physical gold with 99.99% purity.
The Aptos Foundation and Aptos Labs announced an investment of over $50 million to support first-party products, research, protocol infrastructure, and a strategic fund for trading and AI partners. Aptos stated that Decibel has launched on the Aptos mainnet, with cumulative trading volume exceeding $1 billion. The stablecoin market cap on the Aptos network stands at $1.93 billion, and real-world asset (RWA) tokenization totals $1.2 billion, with asset management firms including BlackRock, Franklin Templeton, and Apollo Global already deployed on the network. Upcoming initiatives include encrypted mempools, FIX and CCXT connectivity, multi-leader consensus, and confidential perpetuals.
from Consensus Miami 2026 that CZ stated YZi Labs currently allocates 70% of its funds to blockchain, 20% to AI, and 10% to biotechnology. He said BNB should be positioned as the native currency for AI agents, and emphasized that all blockchains need to be "AI ready," supporting agent payments and AI tool protocols like MCP. Cryptocurrency should be the most native method for AI agents to conduct cross-border payments. Regarding RWA, CZ mentioned that he believed RWA was overvalued a year ago but has now changed his view, recognizing that RWA is real and currently undervalued.
Coinbase announced a “seven-figure” strategic investment in Centrifuge and selected it as the primary asset tokenization partner for its public blockchain, Base. Under the partnership, Centrifuge will serve as the core infrastructure for issuing tokenized assets on Base, enabling the onchain issuance and trading of real-world assets (RWAs), including ETFs, credit funds, and structured products. The two parties have previously collaborated—for instance, launching the first compliant onchain S&P 500 index fund on Base.
Mike Cagney, founder of Figure Technology Solutions (FIGR), stated that the company is pushing to rebuild the underlying infrastructure of traditional credit markets through blockchain, bringing loans, real-world assets (RWA), and even stocks onto the chain. The goal is to enable credit flows to move away from traditional intermediary systems and become "the new infrastructure of Wall Street." According to data, Figure's monthly loan origination volume exceeded $1 billion for the first time in March this year, with total origination reaching $2.9 billion in the first quarter of 2026, an annualized scale of approximately $12 billion.Mike Cagney pointed out that loan tokenization can significantly reduce securitization costs and lower traditional intermediary fees, while enhancing liquidity through continuously updated credit markets, and enabling on-chain credit assets to directly integrate with the DeFi ecosystem, expanding the scope of investor participation. Its Forge platform can bundle loans into standardized asset pools and convert them into tokens usable as collateral within DeFi protocols.Currently, Figure is advancing related business within the Solana ecosystem and plans to expand to Ethereum. Additionally, the company has launched YLDS, a yield-bearing stablecoin with a scale of approximately $600 million, backed by traditional assets such as U.S. Treasury bonds, and is exploring stock tokenization as well as on-chain staking and lending. Mike Cagney stated that blockchain will become one of the most transformative technologies and will redefine the structure of future financial markets. (CoinDesk)
BNB Chain officially announced the launch of the tokenized stock platform xStocks, with the first batch opening over 50 tokenized US stocks and ETFs, including Apple, Tesla, NVIDIA, and the S&P 500 ETF, with more than 100 additional assets to be added in the coming weeks. Users can participate with a minimum of $10 and enjoy 24/5 uninterrupted trading.Trading is now available directly on PancakeSwap and CowSwap, with 1inch integration coming soon. These tokenized stocks can also be used as collateral for loans and integrated into structured yield strategies. Further integration with Venus Protocol and Flux through Chainlink is planned.BNB Chain has become the second-largest RWA public chain globally, with on-chain RWA assets totaling $3.8 billion, approximately 45,000 holders, and a transfer volume of $1.17 billion.
Trust Wallet has officially integrated the on-chain perpetual contract trading platform Hyperliquid, enabling users to trade perpetual contracts directly within the App. Users will benefit from deeper liquidity, tighter spreads, and a diversified trading market, allowing for one-stop trading of spot, futures, and RWA.Hyperliquid is currently the decentralized trading platform with the deepest liquidity, having accumulated over $4 trillion in trading volume. It supports perpetual contract trading for crypto assets, as well as real-world assets (RWA) such as oil and precious metals. Following this integration, Trust Wallet users can directly access all markets on Hyperliquid by simply opening the App.
, RWA tokenization protocol KAIO announced on X platform the launch of its native token KAIO, and simultaneously established the KAIO Foundation as the governance and operational body under the ecosystem chain, responsible for protocol governance, treasury management, and ecosystem development, working alongside KAIO Labs to advance core infrastructure and product innovation. KAIO is positioned as an open infrastructure protocol for institutional-grade Real World Assets (RWA), dedicated to bridging traditional finance and DeFi to build a compliant, auditable, cross-chain tokenized asset network. The platform has currently listed 5 tier-1 institutional funds, covering managers such as BlackRock, Brevan Howard, and Hamilton Lane, with approximately $100 million in TVL deployed across 10+ blockchain networks.In terms of tokenomics, KAIO has a total supply of 10 billion tokens, with community and liquidity incentives accounting for 37.5%, making it the largest allocation portion; team and early investor tokens are subject to locking and staggered release mechanisms, with zero initial release at TGE, and the foundation allocation accounts for 17%, designated for long-term ecosystem development.
According to an official announcement, BitMart will launch Pharos (PROS) on April 28 at 23:00 (UTC+8). The listing will open the PROS/USDT trading pair.Pharos is an inclusive Layer 1 public chain built for RealFi, integrating real-world assets, institutional capital, and decentralized finance into a programmable, borderless economy. It aims to make real asset finance accessible to everyone, bridging Web2 and Web3 to form a unified, transparent, and open digital financial ecosystem. Founded by core management and engineering teams from Ant Group, it adopts a DP4 deep parallel architecture (prototype tested at over 130,000+ TPS), supports dual virtual machine execution for EVM and WASM, and features built-in RWA tokenization and stablecoin infrastructure. It has received support from global traditional financial institutions such as Hack VC and Faction VC. The private mainnet officially launched on December 12, 2025.
According to Chainwire, Nasdaq-listed Republic Power Group Limited (“RPGL”) announced a definitive agreement to acquire a 10% equity stake in NVC Partners Limited and enter into a technology services and platform cooperation agreement with NVTH Limited and its affiliate NVTHK Limited, officially entering the real-world asset (RWA) tokenization and blockchain infrastructure market. Under the agreement, RPGL will gain access to RWA tokenization systems, secondary trading infrastructure, and related technology development, support, and maintenance services. The company stated that this move will accelerate its expansion into institutional-grade digital finance and capital markets solutions, leveraging its customer base in Singapore, Hong Kong, and Southeast Asia to drive real-world application deployment.
Odaily reports: 3F, a vault protocol built on the decentralized lending protocol Morpho, has completed a total of $4 million in funding. The round was led by Maven 11, with participation from F-Prime, GSR, Gate Ventures, and other institutions. The company did not disclose its specific valuation.Built on top of Morpho, 3F aims to provide users with leveraged exposure to RWAs through a "one-click" operation. Users simply select their target asset and desired leverage multiple, and the protocol automatically executes the entire position-building process: purchasing the underlying asset via short-term bridge financing, depositing it as collateral on Morpho, and borrowing stablecoins to repay the financing.Essentially, this mechanism simplifies the traditional "looping" process in DeFi, which involves repeatedly buying assets, depositing them as collateral, borrowing, and reinvesting. While this process can be executed efficiently via flash loans in purely crypto-native assets, it is typically more complex and less efficient in the RWA context due to issues like settlement delays.3F is expected to officially launch in the second quarter of this year.
PicWe has announced that its independently developed next-generation wallet product has completed internal testing and entered public beta. PicWe Wallet expands the concept of a "hardware wallet" from dedicated devices to everyday terminal capabilities, allowing phones, computers, and security keys to be used directly as wallets.By generating and storing keys directly on the device, users no longer need seed phrases or manually manage private keys. Critical operations are completed locally without being stored on servers, reducing the barrier to entry and associated risks from the source.Under this design, users can perform on-chain operations as easily as using a regular application. At the same time, the wallet also supports providing account capabilities to automated programs (such as AI agents) under specific rules, enabling more flexible on-chain interaction methods.The public beta version already supports multi-chain asset management, asset swapping, and paying transaction fees with stablecoins, bringing users closer to a "seamless blockchain experience."In its broader ecosystem strategy, PicWe is building integrated infrastructure around RWA and intelligent applications, covering core areas such as asset issuance, circulation, and settlement. This serves enterprise goals for efficiency and cost reduction in scenarios like cross-border settlements, asset digitization, and supply chain coordination.