RWA

On 13 May 2026, Santiment’s 30-day GitHub activity ranking for top RWA projects put ChainLink first with 197.8 and Hedera second with 193.57, while the gap to Stellar in third (72.4) highlighted a steep drop-off. Injective ranked 8th by development at 23.13 but led the group’s 24-hour price moves with a +22.15% gain. The table also showed IOTA at 46.5 development units on a $280.29M market cap, implying higher activity per market-cap dollar than larger peers.

JPMorgan Asset Management has filed with the U.S. SEC to launch JLTXX, a second tokenized money market fund on Ethereum run through its Kinexys Digital Assets unit. The filing follows the debut of its first tokenized fund, MONY, in December 2025, and describes a portfolio fully invested in short-term U.S. Treasuries and fully collateralized overnight repos. JLTXX still needs SEC approval and is expected to initially target institutional buyers rather than retail investors.

SharpLink said institutional Ethereum adoption indicators are strengthening even as ETH has stayed near bear-market lows since early February. The firm cited 38.7 million ETH staked (about $89 billion, roughly 32% of supply), exchange balances at 15 million ETH, and US spot ETH ETF flows turning positive in April. ETH traded just above $2,250 late Tuesday and rebounded to just under $2,300 in Asia on Wednesday, still nearly 54% below its August 2025 all-time high.

Arc, Canton, and Tempo have collectively raised more than $1 billion in rounds that closed between October 2025 and May 2026, with combined valuations said to exceed $10 billion. The projects are backed by firms including Goldman Sachs, BlackRock, Stripe, Paradigm, and a16z, reflecting a growing push for configurable, compliance-friendly privacy for institutional on-chain activity.

Moody’s Ratings says major U.S. banks and market intermediaries increasingly agree that tokenized assets and digital money will become unavoidable, though current usage remains confined to stablecoins, tokenized deposits, and tokenized money market funds. DTCC said on May 4, 2026 it will support limited production trades of tokenized securities in July 2026, with a full-service launch targeted for October 2026. The report also notes tokenized MMFs stand at about $10 billion outstanding, reflecting rising institutional demand for onchain liquidity and yield.

Chainlink saw a sharp pickup in network participation, with daily active addresses reaching 282,170 on May 9 and holding near 264,090 on May 10. The move followed Solv Protocol’s shift of more than $700 million in tokenized Bitcoin assets to Chainlink CCIP and a planned rsETH migration by Kelp DAO. Data points cited in the article also highlight CCIP’s $18 billion Q1 2026 transfer volume and Chainlink’s expanding role in tokenized-asset infrastructure.

Circle's CRCL shares rose about 15% after it disclosed a $222M presale for Arc, a new Layer-1 aimed at institutional stablecoin settlement, valuing Arc at a $3Bn fully diluted valuation. The raise includes commitments from firms such as Andreessen Horowitz, BlackRock, Apollo Funds, Intercontinental Exchange, SBI Group, and others, as Circle navigates a pre-IPO quiet period.

Ethereum accounts for 71.9% of tokenized fund assets as BlackRock advances plans to put new tokenized share classes on the network. The firm filed two SEC submissions tied to its $7 billion Select Treasury Based Liquidity Fund (BSTBL) and a Daily Reinvestment Stablecoin Reserve Vehicle, both designed to use ERC-20 tokens. ETH also traded at $2,312.28 at 06:20 UTC on May 12, 2026, down -2.48% on the week.

Crypto markets firmed as risk appetite improved and total capitalization stabilized near $2.8 trillion, marking an 8% monthly recovery. The rebound came alongside a softer U.S. dollar with DXY around 98 and steadier Treasury yields at 4.38%–4.40%. U.S. spot Bitcoin ETFs kept cumulative inflows above $59 billion while holdings topped 755,000 BTC, even as DeFi exploit losses reached roughly $635 million across 28 incidents in April 2026.

On May 11, 2026, J.P. Morgan’s Onyx Digital Assets unit and Apollo Global launched a proof-of-concept for automated, blockchain-based portfolio management on Avalanche’s Evergreen subnet. The firms estimated tokenising alternative assets could create a $400 billion revenue opportunity, with WisdomTree providing a tokenised fund-access layer. After the announcement, AVAX rose 26% over 24 hours and hit an intraday high of $22.69.