RWA

Citi and Swift have successfully tested a Payment-versus-Payment model that settles fiat currency and blockchain assets simultaneously. The trial used smart contracts to enhance Swift's existing network rather than replacing traditional banking infrastructure. The breakthrough addresses a key bottleneck in institutional digital asset adoption by eliminating settlement risk between traditional and on-chain transactions.

BNB is trading at $906.22, down 6.2% over seven days and 15.15% in thirty days, while holding a critical support level. Real-world asset deployments on BNB Chain have surpassed $1 billion, led by Circle's USYC and tokenized treasury products from Franklin Templeton and Securitize, data show. The divergence between weakening retail sentiment and accelerating institutional activity creates a pivotal moment for the asset's 2025 trajectory.

HSBC Holdings will introduce tokenized deposits for corporate clients in the United States and United Arab Emirates during the first half of 2026. The bank's Tokenized Deposit Service enables instant cross-border and domestic transfers operating continuously, expanding on existing operations in Singapore, Hong Kong, the UK, and Luxembourg.

Story Protocol's native token gained approximately 7% following IP Strategy's acquisition of ARIAIP and APL, the ecosystem tokens of Aria Protocol. Open Interest increased 5.10% over 24 hours, while on-chain data shows whale accumulation at current price levels. Futures market activity indicates sustained buying pressure as institutional interest in tokenized intellectual property assets grows.

Obex has raised $37 million in a funding round led by Framework Ventures, LayerZero, and Sky ecosystem to launch an incubator for stablecoins backed by real-world assets. The 12-week program will provide early-stage teams with capital, technical resources, and infrastructure access. Successful projects may qualify for additional funding from Sky's $2.5 billion allocation.

The Trump Organization and Dar Global announced a blockchain-based hotel project in the Maldives on November 17, 2025. The development allows investors to purchase tokenized units during the pre-construction phase, with the resort scheduled to open by the end of 2028. The Trump International Hotel Maldives will feature approximately 80 beach and overwater villas near Malé.

JPMorgan has launched its USD-denominated deposit token, JPM Coin (JPMD), on Base Layer 2 for institutional clients following a pilot program. The token enables 24/7 blockchain settlement while representing the bank's existing deposits. Major institutions including B2C2, Coinbase, and Mastercard have completed test transactions using JPMD.

Chainlink has expanded beyond its original oracle network function into full-stack blockchain infrastructure serving institutional finance. The protocol now supports over 80% of real-world asset data feeds and cross-chain interoperability solutions, according to Messari. Major banks including J.P. Morgan, UBS, and Fidelity are deploying Chainlink's Cross-Chain Interoperability Protocol for tokenized asset operations, with total value locked across tokenized RWA platforms exceeding $10 billion in 2025.

BlackRock has expanded its USD Institutional Digital Liquidity Fund (BUIDL) to BNB Chain, bringing over $2.5 billion in tokenized U.S. Treasuries to the network through a new share class for qualified investors. Binance now accepts BUIDL as collateral, allowing institutions to post tokenized Treasury positions while maintaining trading strategies. Year-to-date performance data show BNB holding the strongest position among major digital assets including Bitcoin, Ethereum, Solana, and XRP.

Circle issued an additional $1 billion USDC in multiple $250 million tranches, contributing to $13.25 billion in combined stablecoin issuance by Circle and Tether since the recent market downturn. Tokenized gold has reached $3.9 billion in market capitalization, with XAUT holding approximately $2.1 billion and PAXG accounting for roughly $1.3 billion. The category has grown nearly 50-fold since mid-2021, reflecting sustained demand for blockchain-based precious metal products.