RWA

Arbitrum has put forward a governance proposal to extend funding for the Arbitrum Foundation through 2027, requesting $16 million in RWAs and stablecoins, 1,740 ETH, and 230 million ARB. Market participants estimate the package is worth roughly $43 million at current prices, while the filing lists 2025 gross profit at about $23.49 million and highlights ongoing growth in activity and assets on the network.

Fireblocks, Robinhood, and MetaMask have introduced the Open Transaction Layer (OTL), a shared standard intended to connect traditional finance and crypto participants. The initiative is designed to let MetaMask's 100 million users interact with tokenized equities and other institutional-grade assets from a self-custodial wallet, using common rails for identity, messaging, and transaction coordination.

Paxos said it has received full SEC approval for Paxos Securities Settlement Company to operate as a registered clearing agency, enabling delivery-versus-payment clearing and same-day T+0 settlement for eligible U.S. equities. The firm framed the move as a shift that could put blockchain-based post-trade infrastructure in direct competition with incumbents such as the DTCC after a multi-year regulatory process.

On May 29, 2026, Jefferies said crypto and blockchain IPOs could collectively become a $1 trillion public market within five years, pointing to rising institutional focus on blockchain as financial infrastructure. The bank highlighted tokenized real-world assets surpassing $29 billion by April 2026 and cited multiple firms advancing listing plans in 2026 alongside ongoing U.S. regulatory discussions.

Ondo Finance said its founder and former Goldman Sachs Digital Assets team member Nathan Allman died on May 25, 2026, aged 32, with no cause disclosed. Ian De Bode, the company’s president since November 2025, assumed the CEO role immediately as Ondo reported $3.79 billion in TVL and about 70% share of tokenized stocks and ETFs as of May 26, 2026. Following the announcement, ONDO fell 4.47% in the hours after the news.

The Bank for International Settlements said on Wednesday that its Project Agora showed tokenization can improve wholesale cross-border payments, and confirmed the initiative will advance into a six-month operational trial using real money. The project uses multi-currency settlement with tokenized central bank reserves and tokenized commercial bank deposits, aiming to reduce delays that can stretch from one to five days or more.

DTCC has selected the Stellar network as a blockchain rail for its tokenized securities initiative, with tokenized Russell 1000 stocks, ETFs, and U.S. Treasuries expected to go live in the first half of 2027. The news helped lift market attention toward XLM after it held the $0.16 resistance level, with traders discussing $0.25 as a potential next target.

XRP Ledger’s tokenized real-world assets expanded from about $227 million to over $404 million so far in 2026, a 78% year-to-date increase. Ethereum’s RWA growth over the same period was roughly 35%, while Evernorth data also shows XRPL reached $10 million to $400 million in 15 months versus Ethereum’s 36 months.

On May 28, XRP fell to $1.265 before rebounding to $1.29, down 3.2% in 24 hours and nearly 6% over seven days as the wider market sold off. The drop pushed XRP's market cap below $80 billion, while XLM rose more than 22% to $0.1792 after DTCC and the Stellar Development Foundation outlined a tokenization initiative. Total crypto market capitalization declined to $2.58T, with the aggregate altcoin market cap at $1.05T.

DTCC said on May 27, 2026 it plans to connect its tokenized securities platform to the Stellar network by the first half of 2027. The firm said this would place DTC-custodied securities on a public blockchain for the first time, under an SEC no-action letter covering Russell 1000 stocks, ETFs, and U.S. Treasuries.