##Gate广场五月交易分享
Traditional financial giants are increasingly entering the tokenization space, with actions from BlackRock, Franklin, Morgan Stanley, and others continuously emerging.
On May 13, global traditional financial giants are actively venturing into on-chain tokenized financial products. The global market size for tokenized real-world assets (RWA) has surpassed $30 billion, and the industry is moving from early experimental stages toward institutional-grade infrastructure, interoperability, and compliant on-chain financial systems.
Recent developments in the on-chain tokenization market are ongoing: BlackRock submitted a new tokenized fund structure application to the U.S. SEC yesterday and once again chose Securitize to provide on-chain infrastructure support. The new structure will integrate on-chain fund share ownership records with regulated transfer agents and investor access systems, connecting on-chain operations with traditional financial compliance systems.
Securitize stated that its subsidiary, Securitize Transfer Agent, LLC, will be responsible for maintaining the official ownership records of fund shares on the public blockchain, meaning that on-chain holdings data will directly enter the regulated fund registration system. This marks another step toward "regulated on-chain capital markets moving toward institutional-scale operations" and is seen as further expansion following BlackRock's success with BUIDL.
BUIDL is the first tokenized fund launched by BlackRock in partnership with Securitize in 2024. Its assets have now grown to approximately $2.3 billion and have become an important case of institutional adoption of tokenized finance.
Franklin Templeton has also announced a partnership with Payward, the parent company of crypto trading platform Kra, to jointly explore on-chain tokenization opportunities for traditional financial products. The collaboration will cover tokenized stocks, compliant custody, actively managed yield products, and providing institutional-grade crypto liquidity through KraOTC and Prime services. The partners will focus on launching on-chain versions of Franklin Templeton financial products, including yield-oriented products for institutional clients, and may further open some products to Kra’s broader user base.
Kra previously launched a tokenized stock product, xStocks, which has accumulated over $30 billion in trading volume since its launch last year. Meanwhile, Franklin Templeton has issued multiple crypto ETF products, launched a tokenized money market fund called BENJI, and is collaborating with Ondo Finance to develop on-chain financial products.
JPMorgan also plans to launch a second tokenized money market fund, JLTXX. On May 12, it filed a registration document for JPMorgan OnChain Liquidity-Token Money Market Fund (ticker: JLTXX), which will issue digital tokens on the Ethereum blockchain. The fund’s underlying assets are a portfolio of U.S. Treasuries and repurchase agreements.
Traditional financial giants are increasingly entering the tokenization space, with actions from BlackRock, Franklin, Morgan Stanley, and others continuously emerging.
On May 13, global traditional financial giants are actively venturing into on-chain tokenized financial products. The global market size for tokenized real-world assets (RWA) has surpassed $30 billion, and the industry is moving from early experimental stages toward institutional-grade infrastructure, interoperability, and compliant on-chain financial systems.
Recent developments in the on-chain tokenization market are ongoing: BlackRock submitted a new tokenized fund structure application to the U.S. SEC yesterday and once again chose Securitize to provide on-chain infrastructure support. The new structure will integrate on-chain fund share ownership records with regulated transfer agents and investor access systems, connecting on-chain operations with traditional financial compliance systems.
Securitize stated that its subsidiary, Securitize Transfer Agent, LLC, will be responsible for maintaining the official ownership records of fund shares on the public blockchain, meaning that on-chain holdings data will directly enter the regulated fund registration system. This marks another step toward "regulated on-chain capital markets moving toward institutional-scale operations" and is seen as further expansion following BlackRock's success with BUIDL.
BUIDL is the first tokenized fund launched by BlackRock in partnership with Securitize in 2024. Its assets have now grown to approximately $2.3 billion and have become an important case of institutional adoption of tokenized finance.
Franklin Templeton has also announced a partnership with Payward, the parent company of crypto trading platform Kra, to jointly explore on-chain tokenization opportunities for traditional financial products. The collaboration will cover tokenized stocks, compliant custody, actively managed yield products, and providing institutional-grade crypto liquidity through KraOTC and Prime services. The partners will focus on launching on-chain versions of Franklin Templeton financial products, including yield-oriented products for institutional clients, and may further open some products to Kra’s broader user base.
Kra previously launched a tokenized stock product, xStocks, which has accumulated over $30 billion in trading volume since its launch last year. Meanwhile, Franklin Templeton has issued multiple crypto ETF products, launched a tokenized money market fund called BENJI, and is collaborating with Ondo Finance to develop on-chain financial products.
JPMorgan also plans to launch a second tokenized money market fund, JLTXX. On May 12, it filed a registration document for JPMorgan OnChain Liquidity-Token Money Market Fund (ticker: JLTXX), which will issue digital tokens on the Ethereum blockchain. The fund’s underlying assets are a portfolio of U.S. Treasuries and repurchase agreements.
