Tokenisation is appearing in Singapore fund structures and distribution rails, but distributor research cited by Finance Magnates shows product innovation ranks below performance and scale. Market flows in 2025 also favoured ETFs, including REIT ETFs.
DTCC is laying groundwork for a tokenisation platform after SEC staff issued a Dec. 11, 2025 no-action letter to DTC for a preliminary tokenised entitlement service covering select liquid DTC-custodied assets, with operational constraints and off-DTC DvP.
Figure Technology Solutions launched FGRD on its On-chain Public Equity Network (OPEN), positioning it as an SEC-registered, blockchain-registered equity. Issuance, trading, and ownership transfers are recorded on-chain, with ATS trading, optional qualified custody, and T+0 settlement.
World Liberty Financial said it will tokenize loan revenue interests linked to Trump International Hotel & Resort, Maldives, partnering with DarGlobal and Securitize. The offering is structured under Reg D 506(c) and Reg S with transfer restrictions.
NYSE President Lynn Martin said the exchange felt a responsibility to engage with tokenization, as ICE develops a platform for tokenized securities trading and on-chain settlement under a new NYSE venue, subject to regulatory approvals.
Bank of Greece and SWIAT ran Project Sovereign, a sandbox simulation of a sovereign digital bond from issuance to redemption. Greek and German banks acted as investors, while DvP used separate asset and payment blockchains with simulated euros
Valereum Plc said it signed an MoU with Integra Foundation to explore tokenised real estate issuance via its subsidiary VLRM Markets, using Integra’s blockchain infrastructure, with distribution and secondary trading also in scope.
BVNK said it secured a Crypto-Asset Service Provider licence from Malta’s MFSA under MiCA. The firm said the authorisation supports MiCA-regulated crypto-asset services and passporting across the EEA, alongside euro payments and SEPA access via CENTROlink.
Morpho Association said it signed a cooperation agreement with certain Apollo affiliates to support onchain lending markets, alongside a framework for Apollo or its affiliates to acquire up to 90 million MORPHO tokens over 48 months, subject to restrictions.
Saudi Arabia’s Real Estate General Authority (REGA) has launched the second edition of its Regulatory Sandbox under the Saudi PropTech Hub, including a fractional ownership pathway under a real estate tokenization framework and a 6–24 month testing phase.
Bank Negara Malaysia has onboarded Standard Chartered, Capital A, Maybank and CIMB into its Digital Asset Innovation Hub to test ringgit stablecoin and tokenised deposit use cases in a controlled wholesale payments environment, including settlement of tokenised assets.
Franklin Templeton and Binance launched an institutional off-exchange collateral program letting eligible clients use Benji-issued tokenized money market fund shares as collateral while assets remain held in third-party custody.
Chainlink and Hedera led a 24-hour ranking of RWA projects by social activity, according to BlockchainReporter citing Phoenix data. The list, also posted on Binance Square, reflects engagement metrics and does not announce any new tokenization issuance, pilot, or regulatory action.
PRYPCO Mint said it will launch an in-app marketplace on Feb 20 to enable regulated buying, selling and transfer of tokenised property interests. Dubai Land Department said Phase II of its real estate tokenisation project will allow secondary-market resale from the same date.
The Bank of England has selected 18 organisations for its Synchronisation Lab, a six-month simulation to test how external DLT ledgers could coordinate with the UK’s renewed RTGS service (RT2), including house-purchase and tokenised-securities use cases.
SEC Commissioner Mark T. Uyeda said the SEC is focused on implementing expanded central clearing for U.S. Treasuries—now due Dec. 31, 2026 for cash and June 30, 2027 for repo—while also addressing tokenization of securities markets.
