🤘 Blackrock BUIDL Hits $1 Billion Milestone

Friday again? Already? You know it, and Ray Buckton, Head of Research at RWA World, is here once again to help make yours a little bit better. 😘

Never a dull moment in tokenization – Blackrock’s BUIDL ripped through the $1 billion milestone thanks to Ethena’s recent $200 million investment. 💲

That’s not all – Ethena also partnered with Securitize to launch an RWA and DeFi-focused blockchain. ⛓️

🎯🔥 Rapid Fire Takeaways:

⛔ Aave DAO Rejects Plan To List Token Linked to RWA Initiative

🌱 DeFi can’t grow without institutional adoption, Securitize CEO says

🔑 PropyKeys exceeds 300,000 minting addresses on the Base chain

💰 Binance Secures $2Billion from MGX: the Single Largest Investment Ever Into a Crypto Company

🤝 Can the US raise global stablecoin standards through reciprocity?

💳 Circle plans to bring $900M money market fund under DABA license

🌮 Mercado Bitcoin, Polygon Labs Look to Issue $200M Worth of Tokenized Assets in Latin America

That word “billion” is becoming a lot more common – Blackrock, Superstate, and Centrifuge are all set to benefit from Sky’s (formerly MakerDAO) $1 billion RWA investment. ☁️

Doubling that, Binance secured $2 billion in investment from MGX in the largest ever single investment in a digital asset company – milestones everywhere. 🏁

🕺 Everybody Do The Tokenization

Speaking of milestones, tokenized treasuries officially passed the $4.2 billion market cap. But what’s an asset without a price? Not much – which is why Securitize is connecting BUIDL to DeFi using RedStone price feeds. Better data, bigger milestones. 👏

Our friends at Plume also secured an investment from the legendary YZi Labs (previously Binance Labs) – another win for RWA-focused L1s. Meanwhile, Aave DAO has rejected a plan for a native RWA token – that doesn’t mean they’re bearish; they're just trying to keep things consolidated. 🧵

Others are more pioneering, like tZERO, which announced the tokenization of its Series A preferred equity security (TZROP), and Backed, which launched tokenized Coinbase stock on Base. And we can’t leave out DigiFT, which launched its Invesco private credit token on Arbitrum. 🚀

🏘️ Real Estate Rocking And Insightful Reports

Real estate is one of those asset classes where fractional ownership makes a lot of sense. One example is Lumia Towers’ new $220M tokenized real estate project in Istanbul. Demand is higher than ever, too, with PropKeys exceeding 300,000 minting addresses on Base and EstateX’s tokenized real estate offering selling out in just minutes. 🏢

Where is this all going? Well, our friends at Tiamonds' recent tokenization report is a great illuminator. Give it a read for some powerful insights. One place that’s certainly on the tokenization map is Latin America, as Mercado Bitcoin and Polygon Labs seek to issue $200 million worth of tokenized assets in the region.

🏛️ DeFi And Institutional Tokenization Merge and Grow 

Securitize CEO Carlos Domingo says that DeFi can’t grow without institutional adoption. Whether he’s right or not, time will tell, but the trend seems to be emerging – DeFi giant Axelar recently welcomed Arrington Capital and Electric Capital to its ecosystem via a strategic investment. Meanwhile, Orderly integrated Story IP blockchain for enhanced liquidity. 💧

As DeFi scales, so does institutional tokenization. SZKB and UBS did their first blockchain-based fund transaction, while SMBC and Nomura explored a new digital bond settlement scheme. Speaking of the German-speaking world, BX Digital is rolling out its DLT-based settlement system for digital assets in Switzerland. ⛰️

On the investment side, Circle is bringing a $900 million money market fund live under its DABA license, while EquiLend has secured a minority interest in BNY. At the same time, SIX announced plans to roll SDX into its security service unit in a move to consolidate operations. 💻

👀 Stablecoins, CBDCs & Regulations, Oh My! 

Not a week goes by without some big stablecoin talk. After some changes to non-interest-bearing stablecoins, the Senate Banking Committee officially approved the GENIUS stablecoin act. This begs the question of whether the US can raise global stablecoin standards through reciprocity – if so, we may enter a new era for global dollar payments. 💵

Across the Atlantic, the digital euro holding limit may indeed be above €3000 in signs that limits are potentially softening. Island-wise, the UK government has launched procurement for its digital gilts, while the Russian central bank has proposed allowing wealthy Russians to dabble in crypto for the first time in years. 💶

In Asia, Cambodia’s Bakong DLT payment volumes have surged to three times greater than the country’s GDP, while a Japanese bill plans to expand stablecoins in the land of the rising sun. Hop over the Sea of Japan and the Bank of Korea is kicking off its CBDC payment tests for 100,000 participants next month. ⛩️

😄 We’re Here For You

Another fantastic week for tokenized assets. 

RWAs are taking over the world, and we’re here to help them do it. 

If we can help you make industry connections or if you’re looking for advisory services, we’re here to help you reach your goals. 

But for now, we wish you a fantastic weekend ahead and the week after that.