RWA

On January 28, the U.S. SEC released a Statement on Tokenised Securities clarifying issuer-sponsored, custodial, and synthetic models for tokenized assets. The same day, Robinhood CEO Vlad Tenev urged real-time, blockchain-based settlement and outlined a shift toward custodial equity tokens for investors, arguing T+1 remains too slow and noting weekends can stretch settlement to four days.

Securitize filed a registration statement with the U.S. SEC on Wednesday to advance a SPAC merger with Cantor Equity Partners II, backed by Cantor Fitzgerald. The filing reported $55.6 million in revenue for the first nine months of 2025, up 841% year over year, and $18.8 million for 2024. Cantor Equity Partners II rose 4.4% late Thursday.

Tokenization platform Securitize reported that its revenue for the nine months ended September 2025 climbed to $55.6 million, marking an 841% year-over-year increase as it proceeds with a SPAC merger backed by Cantor Fitzgerald. The firm, valued at $1.24 billion under the proposed deal, also projects 2026 revenue of $110 million amid a broader surge in on-chain tokenized real-world assets.

On January 30, 2026, Ledger said it had expanded its Tezos ecosystem support by adding native integration for Etherlink, the blockchain's EVM-compatible Layer 2. The move gives Etherlink users access to institutional-grade hardware wallet protections, Clear Signing, swaps, and full account visibility via Ledger's desktop and mobile apps, while future native staking is expected to deepen XTZ delegation and network participation.

During Q4 2025, Avalanche's tokenized real‑world assets climbed 68.6% to over $1.3 billion, aided by the November launch of BlackRock's $500 million BUIDL and a loan tokenization push by FIS and Intain. Despite this, AVAX fell 59% to $12.3 in Q4 and is down another 10.5% in 2026, with VanEck's Avalanche ETF debuting on Monday.

On January 29, 2026, the publication outlines a final presale phase for BlockDAG at $0.0005 with 1.25 billion BDAG available and says over $450 million has been raised, with a stated launch target of $0.05. It also highlights Ethena's USDe exchange listings, Ondo's tokenized stocks and ETFs push, and MemeCore's new perpetuals platform, framing these as themes drawing investor attention.

On January 28, 2026, the U.S. SEC clarified that tokenized securities must comply with federal securities laws, outlining expectations for issuer-sponsored and third-party models. The update aims to align blockchain-based mechanisms with existing rules and may encourage traditional institutions to explore tokenization, while broader adoption still depends on pending legislation.

In 2021, brokers restricted buying in meme stocks such as GameStop; in June 2025, Robinhood launched tokenized access for European users with 24/5 trading. According to CEO Vlad Tenev, the firm now aims for 24/7 onchain trading, near-real-time settlement, and optional self-custody, positioning tokenization as a way to reduce clearing risks while U.S. rules evolve.

Hang Seng Investment Management launched the Hang Seng Gold ETF on January 29, 2026, trading on the Hong Kong Stock Exchange under stock code 3170 and tracking the LBMA Gold Price AM. The passive fund holds physical gold in Hong Kong vaults with HSBC as custodian, charges an estimated 0.40 percent annually, and targets an expected tracking difference of minus 0.50 percent. The U.S. Senate is scheduled to vote on the Crypto Market Structure Bill at 3:00 PM ET on January 29, 2026.

In a staff statement published Wednesday, the SEC's Divisions of Corporation Finance, Investment Management, and Trading and Markets said tokenized versions of stocks and bonds remain subject to U.S. securities laws. The guidance outlines issuer-led and third‑party structures, flags risks in custodial and synthetic models, and notes that security‑based swaps can trigger registration and exchange‑trading requirements.