Ciao and welcome back to Tokenized Monday, your trusted source of news in the tokenized economy.
This week has been historic, with Securitize bringing tokenized stocks to the US and Samsung partnering with Solana to bring USDC to over 80M users.
In today’s episode, we are also going to discover the ideal investment portfolio for the tokenization industry, according to Citrini Research.
Tokenization Update
The overall market cap of tokenized assets onchain is now at an all-time-high of $47.1B, +1.0% over the last 30 days.
Commodities and asset-backed credit lead in inflows with $105M each.
Stocks close out the podium with $93M in inflows.
A positive week also for Active Strategies, US Treasury Debt, and Specialty Finance.
But the most interesting stat is another one.
Tokenized stocks have now reached 5M asset holders onchain. This number is up 3,746% over the last year.
We are witnessing history being made here.
What’s the Latest in Tokenization? News Recap
Citrini Research published the “Breaking the Wall” report, where they have shared “The Investable RWA Stack.”
Basically they answered the question: “How do I invest in the RWA industry today?”
Securitize, Ondo, Maple, Robinhood, Circle, and many more projects that we mention here every week are in the list.
What’s interesting is that they propose two different indices, one for crypto tokens and one for stocks.
Announcements Recap
Samsung partnered with Solana to bring USDC to Samsung Wallet. This will give stablecoin access to over 80M users across the US.
Securitize announced the launch of its tokenized stocks, available in the US. These are not wrappers, but legal onchain representations that bring voting and dividend rights to holders.
I did a post to recap the announcement in more detail.
Ondo announced “Private Markets,” giving users access to private companies with 24/7 trading. You can now trade a token offering exposure to pre-IPO OpenAI shares on the spot market.
I have actually tried to trade it, but the liquidity and price action are still not very efficient.
Animoca Brands and Franklin Templeton collaborate to expand institutional access to tokenized investments.
Growth News
xStocks reached 500,000 holders, with half of them joining in the last 30 days alone.
BNB is the first chain to reach 2M RWA holders. Alone, it accounts for 40% of all RWA asset holders.
Coinbase tokenized stocks are accelerating on Aero
Project Spotlight
Formation: The New Everything App for the Tokenized Economy
Two projects on Solana, Orca and Loopscale, have merged to build “Formation,” the new everything app for tokenized assets.
Orca is one of the leading DEXs on Solana.
Loopscale is a credit/lending protocol on Solana.
As a result of the merger, Formation brings them together into one stack.
Here is how it works:
Companies or projects can issue new tokenized assets.
Get them trading with deep liquidity (Orca side).
Let people borrow against them or lend to them (Loopscale side).
Package everything into vaults (Loopscale side) for easier distribution and capital allocation.
ORCA is the token for the whole Formation ecosystem (including Loopscale), which has seen decent price action over the last three months.
Extra Contents
Guy (the founder of Ethena) speaking about tokenization.
I suggest taking a look at the TOKEN2049 YouTube channel this week, as all the talks from the event will be shared there.
Interesting report on tokenized stocks by RedStone → Read the full report
Extra of the Extra
I’m definitely gonna watch this series about FTX and Sam Bankman-Fried.
And that's everything for this week.
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Here is a sneak peek of what’s coming soon.
Tokenize Everything!
Your research on tokenised stocks and RWAs highlights where finance is heading. Are you connecting with projects looking to build the financial infrastructure behind tokenised assets