Ondo Finance (@OndoFinance): Another big week for tokenization.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Another big week for tokenization. Ondo completes the first cross-border tokenized Treasury redemption on the XRP Ledger, the Fed addresses tokenization, BlackRock files for two new onchain funds, and more. Latest tokenization news ↓ 1️⃣ Ondo, JPMorgan, Mastercard & Ripple complete first cross-border tokenized Treasury redemption Ondo processed Ripple's OUSG redemption on the XRP Ledger, with Mastercard's Multi-Token Network routing instructions to Kinexys by J.P. Morgan, which delivered USD to Ripple's Singapore bank account in near real time and outside traditional banking windows. https://x.com/OndoFinance/status/2052048815054627318?s=20 2️⃣ DTCC advances tokenization service with 50+ firms DTCC is building a tokenization service designed to bring the core of U.S. capital markets onchain. Ondo joins BlackRock, Goldman Sachs, JPMorgan, NYSE, and others in the working group. https://x.com/OndoFinance/status/2051282335023153524?s=20 3️⃣ BlackRock files for two new tokenized funds The world's largest asset manager filed for a stablecoin reserve fund and an onchain share class for its ~$6.1B money market fund, both on Ethereum. Both are pending SEC approval. https://www.coindesk.com/business/2026/05/09/blackrock-deepens-tokenization-push-with-new-onchain-fund-offerings 4️⃣ Federal Reserve Governor Lisa Cook speaks on tokenization In a speech in Dakar, Cook noted U.S. tokenized assets more than doubled in the past year, and outlined tokenization's potential to improve settlement, collateral management, and intraday liquidity. https://www.federalreserve.gov/newsevents/speech/cook20260508a.htm 5️⃣ Onchain RWAs cross $30B Total tokenized RWA TVL crossed $30B per http://RWA.xyz, up over 4x from the start of 2025. Tokenized Treasuries lead at 15B+, while tokenized stocks are up over 21,000% in market cap in under a year. https://coincentral.com/tokenized-real-world-assets-hit-30-billion-as-crypto-market-matures/ 6️⃣ Bullish acquires Equiniti for $4.2B The deal combines Bullish's digital asset infrastructure with Equiniti's global transfer agent operations, serving nearly 3,000 issuer clients and 20M+ shareholders. Closing expected January 2027. https://www.bullish.com/us/news-insights/bullish-to-acquire-equiniti-from-siris-in-4-2-billion-transaction-creating-the-global-transfer-agent-for-tokenized-securities