RWA

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.

On May 6, 2026, Ondo Finance, JPMorgan's Kinexys, Mastercard and Ripple completed a live cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger, with the on-chain token leg finalized in under 5 seconds. The fiat leg was routed via Mastercard's Multi-Token Network and JPMorgan's correspondent banking rails to Ripple's Singapore bank account, and the flow was executed outside banking hours.

On May 6, 2026, Ondo Finance, JPMorgan's Kinexys, Mastercard, and Ripple completed a pilot redemption of tokenized U.S. Treasuries on the XRP Ledger, with the on-chain leg finalizing in under 5 seconds outside banking hours. The flow routed fiat instructions through Mastercard's Multi-Token Network and JPMorgan's correspondent rails, delivering USD to Ripple's Singapore bank account while settlement on-chain used RLUSD.

On 11 May 2026 at 16:22, CoinGecko's 2026 RWA Report compared the six largest stablecoin issuers by reserves, transparency, regulation, and whether they pass yield to holders. The report outlines two models: fiat-backed issuers typically keep reserve interest while DeFi/synthetic designs route returns to users, and it highlights GENIUS Act-compliant products USAT (Tether) and USDtb (Ethena).

Aster DEX said on May 11, 2026 that it has added perpetual futures tied to four major Hong Kong-listed stocks, enabling 24/7 long or short trading with up to 3x leverage via a crypto wallet. The exchange described the move as a step toward bridging traditional markets and DeFi, and it also pointed to earlier product and fee updates released around May 7, 2026.

On May 5, 2026, Securitize, Jump Trading, and Jupiter launched a regulated secondary market for tokenized equities on Solana, linking compliant issuance, liquidity, and a trading front end. The setup uses Securitize's SEC-registered broker-dealer/ATS and whitelisted KYC wallets, Jump's PropAMM pricing with quoted 1–5 basis-point spreads, and execution through Jupiter with on-chain, real-time settlement.

JPMorgan Chase & Co., Mastercard, and Ripple backed a pilot that aimed to narrow the settlement gap for tokenized assets by coordinating a cross-border redemption of tokenized U.S. Treasuries in near real time. The blockchain leg was completed in under five seconds, while USD proceeds were routed via JPMorgan's Kinexys platform to Ripple's account in Singapore within the same workflow.