RWA

BNB Chain's tokenized real-world assets (RWA) segment has moved above $3 billion, with distributed asset value at $3.15 billion after gaining 33.8% over the past 30 days. The network shows 40,916 RWA holders and $1.4 billion in RWA transfer volume over the same period, alongside 345 recorded assets including products such as Circle's USYC and BlackRock's BUIDL.

Ironlight Group said it raised $21 million from Greg Braca, the Sei Development Foundation, and Laidlaw Private Equity to scale Ironlight Markets ATS for regulated tokenized securities. The broader tokenized market is projected to reach $2 trillion to $11 trillion by 2030, while tokenized stocks hit a $1.05 billion market cap after 10% growth over the past 30 days. Ethereum, Solana, and BNB Chain lead settlement with nearly $400 million, $286 million, and $230 million respectively.

Across Protocol’s DAO is considering a move toward a US C-corporation via a token-to-equity exchange buyout, after Risk Labs said the current token-and-DAO setup limits enterprise and institutional dealmaking. The proposal is framed as a nonbinding "temperature check" and would still require a governance vote, with DAO members expected to vote in early April.

Bitwise Asset Management launched its first curated onchain vault on Morpho, aiming for up to 6% yield on USDC by deploying into over-collateralized lending markets while keeping user funds non-custodial. The firm oversees strategy and real-time risk and may add other stablecoins and DeFi approaches. Kraken also unveiled a vault-based "DeFi Earn" targeting up to 8% yields.

On 12 December 2025, JPMorgan disclosed it had completed a short‑term commercial paper issuance for Galaxy Digital on the Solana network. The deal was settled entirely in USDC with partners including Coinbase and Franklin Templeton, marking a live test of public blockchains for regulated market infrastructure.

On 12 December 2025, Bhutan's Gelephu Mindfulness City announced TER, a sovereign digital token backed by the country's gold reserves and issued via DK Bank on the Solana blockchain. Matrixdock is responsible for the tokenization of the underlying gold, and the initiative forms part of Bhutan's wider push into blockchain, which also includes Bitcoin mining, a state-managed crypto reserve, and crypto payment options for tourists.

NHL grants Kalshi and Polymarket trademark licenses in first such deal by major US sports league