RWA Tokenization Insights by Particula

Fidelity Launches GENIUS Act-Compliant MMF for Stablecoin Issuers Fidelity launches GENIUS Act-compliant Fidelity Reserves Digital Fund (FYMXX) for stablecoin issuers with a $1M minimum investment and 0.25% management fee; total stablecoin market cap stands at $315B. - Link

Coinbase Ventures Backs Re Onchain Reinsurance Marketplace with $490M in Premiums Coinbase Ventures invests in Re, an onchain reinsurance marketplace with $490M in premiums and policies covering nearly 1M households as of June 2026. - Link

Centrifuge Brings Tokenized US Treasuries and AAA CLOs to OKX's X Layer Centrifuge deploys tokenized US Treasuries (deJTRSY) and AAA CLOs (deJAAA) on OKX's X Layer, with yield accruing directly into token value over time. - Link

Hastra's RIME Token Goes Live on Orca DEX on Solana Hastra lists RIME on Orca as primary DEX liquidity venue; Orca has processed $500B in cumulative volume over 5 years on Solana - with PRIME already live and more asset classes to follow. - Link

Tether Shuts Down Alloy Platform and aUSDT Gold-Backed Stablecoin Tether winds down Alloy platform and aUSDT stablecoin - backed by XAUT with $1.27M market cap - effective immediately; users have until Sept. 17, 2026 to redeem collateral. - Link

Particula and infiniFi Partner to Bring Institutional Risk Ratings to Onchain Capital Allocation Particula mandated by infiniFi to execute end-to-end risk assessments for its tranched onchain capital deployment into tokenized assets using Particula's PDARF framework. - Link

Archax Launches GOVY Tokenized T-Bill with Direct Beneficial Ownership and HQLA Eligibility Archax launches GOVY - a tokenized T-Bill giving investors direct beneficial ownership of rolling 1-month US Treasuries with potential Level 1 HQLA treatment for banks. - Link

Ant International Deploys Amundi Tokenized MMF on Ethereum for Corporate Treasury Ant International uses Amundi's tokenized MMF digital share classes on Ethereum for corporate treasury management; Amundi manages €2.4T AUM with CACEIS as tokenization agent. - Link

Zama, Morpho and Steakhouse Launch Confidential USDC Yield Vault Using FHE Encryption Zama, Morpho and Steakhouse launch FHE-encrypted confidential USDC yield vault on Ethereum opening June 23, letting institutions earn yield without exposing onchain positions. - Link

Coinbase to Launch 1:1-Backed Tokenized Stocks with Onchain Dividend Payments Coinbase announces 1:1-backed tokenized stocks with dividend payments on blockchain, launching soon in eligible non-US jurisdictions - positioning them as direct equity ownership vs. synthetic alternatives. - Link

Mirae Asset ($721B AUM) Partners with Ondo Finance to Tokenize Global X ETFs Mirae Asset Global Investments ($721B AUM) signs MoU with Ondo Finance to tokenize Global X ETFs - covering AI, robotics, defense, blockchain and income strategies - on Ondo Global Markets. - Link

State Street Launches GENIUS Act-Compliant Stablecoin Reserve MMF with Anchorage Digital State Street Investment Management launches a Rule 2a-7 GENIUS Act-compliant stablecoin reserve MMF with Anchorage Digital as initial investor; stablecoin supply exceeds $300B. - Link

Inveniam to Acquire MANTRA RWA Blockchain After $20M Strategic Investment Inveniam Capital Partners acquires MANTRA, the RWA-focused L1 blockchain with a Dubai VASP license, after investing $20M in 2025; deal expected to close Q3 2026. - Link

Clearstream Launches Hybrid Digital Securities Infrastructure for Traditional and Tokenized Assets Clearstream unveils hybrid digital securities infrastructure covering full asset lifecycle for traditional and tokenized securities; holds EUR 22T in AUM across 60 markets, launching in stages through 2026-2027. - Link

Ethena Labs Allocates $250M to Securitize's Tokenized AAA CLO Fund on Solana Ethena Labs allocates $250M to Securitize's tokenized AAA CLO fund (STAC) as it launches on Solana; STAC holds $102M AUM with BNY as custodian. - Link

SEC Proposes Scrapping Two Reg NMS Rules Blocking Tokenized Stock Trading via DeFi AMMs SEC proposes rescinding Reg NMS Rule 611 (trade-through) and Rule 610(e), opening a 60-day comment period - removing key barriers to tokenized stock trading via DeFi AMMs. - Link

Bybit, Binance and Bitget Cancel SpaceX Tokenized IPO Campaigns After xStocks Share Sourcing Failure Bybit, Binance and Bitget canceled tokenized SpaceX IPO campaigns after xStocks failed to source underlying shares; Binance had drawn $557M in subscriptions - all refunded. - Link

Exodus Launches Tokenized Stock Marketplace with 200+ Onchain Equities via Ondo Finance Exodus launches Exodus Markets via Ondo Finance, offering 200+ tokenized stocks and ETFs on Solana; tokenized equities market hits $3.5B - up 139% in 30 days. - Link

Citi Launches Tokenized Depositary Receipts for Private Company Shares on SIX Blockchain Citi launches tokenized Digital Depositary Receipts on private shares via SIX blockchain infrastructure - acting as sole issuer and custodian; inaugural transaction completed with Kaleido. - Link

DBS to Launch Retail Tokenized Physical Gold Tokens in Singapore in H2 2026 DBS to launch retail tokenized physical gold tokens via digibank app in H2 2026 - each token backed by 1g of gold (~SGD 200) with atomic settlement and physical redemption. - Link