According to @WatcherGuru, the U.S. SEC has approved DTCC’s plan to tokenize stocks, bonds, and Treasuries, highlighting a regulatory greenlight for real-world asset tokenization within core market infrastructure. Source: @WatcherGuru. Traders should monitor the RWA sector and tokenized Treasury products for liquidity and volatility shifts tied to this approval once primary documents are available, focusing on volumes, spreads, and funding rates to gauge momentum. Source: @WatcherGuru. The source post does not include an SEC order number or a DTCC filing link, so waiting for official SEC or DTCC documentation is prudent before initiating directional positions. Source: @WatcherGuru.

According to the source, Paul Atkins stated that US financial markets are moving on-chain and that the SEC is prioritizing innovation and new technologies to enable this on-chain future. Source: public video quote shared on X dated Dec 11, 2025. For trading, treat this as a headline-only signal until an official SEC.gov press release, rule filing, or speech transcript is available, as those are the authoritative records of policy actions. Source: SEC Press Releases and Speeches pages on SEC.gov. No rule changes, timelines, or implementation details were cited in the post, implying no immediate regulatory effect or compliance obligations at this time. Source: the quoted statement contains no reference to a rule filing or guidance published on SEC.gov. If later confirmed in official SEC materials, the theme is directly relevant to tokenized Treasuries, RWA tokens, Ethereum (ETH), and L2 settlement infrastructure given the focus on on-chain market plumbing. Source: the on-chain future language explicitly pertains to on-chain settlement and tokenized market infrastructure.

According to @EleanorTerrett, the CFTC has moved to allow tokenized collateral in derivatives markets, with an explainer highlighted from @realMaxAvery on why this matters for investors, Source: @EleanorTerrett on X. For trading desks, this signals pending updates to eligible collateral lists at exchanges and FCMs that could affect margin efficiency, leverage, and liquidity management once policies are published, Source: @EleanorTerrett on X. Traders should track official notices from clearinghouses and brokers detailing acceptance criteria, margin haircuts, settlement windows, and custody controls for any tokenized assets used as collateral, Source: @EleanorTerrett on X. Key market metrics to monitor around implementation include futures-spot basis behavior, funding rates, and open interest changes alongside liquidity in tokenized Treasuries and regulated stablecoins, Source: @EleanorTerrett on X. Risk teams should prepare collateral playbooks covering on-chain transfer cut-off times, reconciliation, and rehypothecation limits if tokenized instruments become eligible under CFTC-overseen venues, Source: @EleanorTerrett on X.

According to @EleanorTerrett, CFTC Acting Chair Caroline D. Pham announced a pilot program allowing BTC, ETH, and USDC to be used as collateral in U.S. derivatives markets. Source: @EleanorTerrett on X https://twitter.com/EleanorTerrett/status/1998144000314712235 The announcement also includes new guidance on tokenized assets, including Treasuries and money market funds. Source: @EleanorTerrett on X https://twitter.com/EleanorTerrett/status/1998144000314712235 The post does not provide timing, eligible venues, or collateral haircuts, which are critical for margin usage and risk management. Source: @EleanorTerrett on X https://twitter.com/EleanorTerrett/status/1998144000314712235 Traders should watch for the official CFTC materials for implementation specifics that will determine collateral eligibility and operational mechanics. Source: @EleanorTerrett on X https://twitter.com/EleanorTerrett/status/1998144000314712235

According to @binance, Ondo Finance’s Ian De Bode and Chainlink Labs’ Johann Eid led a discussion on bringing government data on-chain and tokenization, moderated by Eleanor Terrett on Dec 3, 2025 (source: Binance on X). According to Ondo Finance, the firm issues tokenized real-world assets such as OUSG (U.S. Treasuries exposure) and USDY, positioning it directly in the RWA tokenization segment relevant to this topic (source: Ondo Finance documentation). According to Chainlink Labs, Chainlink provides decentralized oracle networks and CCIP to deliver and route secure data and tokenized assets across blockchains, enabling on-chain access to reliable macro and reference data critical for DeFi and tokenized markets (source: Chainlink Labs resources). According to Chainlink Labs and Ondo Finance, the intersection of government data on-chain and RWA issuance maps to infrastructure demand for oracles (LINK) and tokenized asset ecosystems (ONDO), which market participants commonly track for liquidity and narrative shifts during industry events (sources: Chainlink Labs resources; Ondo Finance documentation). According to @binance, no price or listing changes were announced in the post, so any trading actions should be based on independent analysis of LINK and ONDO market conditions (source: Binance on X).

According to the source, BlackRock leadership is emphasizing that tokenization can overhaul market infrastructure, aligning with CEO Larry Fink’s statement that tokenization of securities is the next generation of markets. Source: BlackRock, Chairman’s Letter to Investors 2023. BlackRock has launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a tokenized fund on Ethereum that invests in cash, U.S. Treasury bills, and repurchase agreements, signaling institutional-grade real-world asset (RWA) adoption on-chain. Source: BlackRock press release, March 20, 2024. The BUIDL fund is issued via Securitize as transfer agent and tokenization platform, with share ownership and transfers recorded on Ethereum, providing 24/7 on-chain settlement rails. Source: Securitize announcement, March 2024. Regulated pilots under the Monetary Authority of Singapore’s Project Guardian have demonstrated tokenized funds and bonds with atomic delivery-versus-payment and intraday settlement, highlighting efficiency gains relevant to market plumbing. Source: Monetary Authority of Singapore (MAS), Project Guardian industry updates 2023–2024. For traders, live tokenized Treasuries on Ethereum connect the RWA narrative to ETH network activity and on-chain liquidity in high-grade yield instruments, as Ethereum transactions require gas paid in ETH. Source: BlackRock BUIDL press release, March 20, 2024; Ethereum.org documentation on transaction fees.

According to @wallisi, The Economist highlighted that institutions and real-world assets (RWAs) are moving onchain with regulatory support. Source: @wallisi on X (Dec 2, 2025). The post references a BlackRock X status, underscoring ongoing institutional participation in tokenized assets; as context, BlackRock launched the USD Institutional Digital Liquidity Fund (BUIDL) on Ethereum in March 2024. Sources: @wallisi on X; BlackRock press release (Mar 2024). Trading relevance: traders can watch three areas tied to this narrative shift—RWA tokenization platforms, tokenized U.S. Treasury products, and ETH-based DeFi protocols with RWA exposure—for potential sentiment and flow changes. Sources: @wallisi on X; BlackRock press release (Mar 2024).

According to @julian2kwan, institutions are moving onchain as regulatory structure takes shape, highlighting advancing infrastructure for tokenization and real-world assets markets. Source: @julian2kwan on X, Nov 29, 2025. He reports record demand for tokenized Treasuries, credit, and funds, directly indicating strong buy-side interest in RWA yield products. Source: @julian2kwan on X, Nov 29, 2025. For traders, these signals focus attention on RWA segments tied to tokenized Treasuries, onchain credit, and tokenized fund liquidity, with monitoring flows and issuance trends aligned to this demand. Source: @julian2kwan on X, Nov 29, 2025.

According to @julian2kwan, building on Base offers no immediate token incentives and instead leverages roughly 150M existing Coinbase users, alongside strong developer activity and a focus on real on-chain economies; source: @julian2kwan. @julian2kwan said IxsFinance will place its licensed real-world-asset gateway on Base and launch Base pools for IXS to align structurally with Coinbase and prior Coinbase Ventures backing; source: @julian2kwan. @julian2kwan stated the team is targeting approximately $2T of idle BTC seeking yield, offering regulated, non-DeFi USD yields via RWA such as treasuries to meet demand from BTC holders; source: @julian2kwan. @julian2kwan added that most BTC holders do not want yield in lower-quality assets and view USD yields as equal quality to BTC, shaping IXS’s product positioning on Base; source: @julian2kwan. @julian2kwan noted that capturing even 0.05% of BTC’s addressable market would translate into token buybacks and value capture for the IXS token; source: @julian2kwan.

According to Julian Kwan, the past month saw BTC fall about 40% while tokenized U.S. Treasury RWAs continued paying yields without interruption, and he says some sophisticated traders rotated from BTC into tokenized treasuries and are now up. Source: @julian2kwan on X, Nov 22, 2025. He adds that BTC still leads market sentiment and that combining crypto with RWA can create a value-creation flywheel with new use cases in lending, borrowing, cross-collateralization, and structured debt and equity. Source: @julian2kwan on X, Nov 22, 2025. He states that IxsFinance focuses on real world asset tokenization and offers a BTC real yield product that lets BTC holders earn USD interest in RWAs. Source: @julian2kwan on X, Nov 22, 2025. He frames the current pullback as a buying opportunity for larger investors and positions tokenized treasuries as a defensive yield sleeve relative to BTC volatility. Source: @julian2kwan on X, Nov 22, 2025.

According to @cas_abbe, BlackRock’s tokenized real-world asset fund BUIDL is now live on BNB Chain, expanding on-chain access and liquidity for tokenized treasuries (source: @cas_abbe). According to @cas_abbe, Binance will accept BUIDL as collateral, giving institutions and traders a new avenue to deploy tokenized treasuries directly on the exchange (source: @cas_abbe). According to @cas_abbe, BlackRock manages about 13.1 trillion dollars in assets, highlighting the scale of this RWA development for collateral and liquidity markets (source: @cas_abbe).

According to @julian2kwan, despite extreme fear in sentiment, the regulatory and macro backdrop is the strongest of the cycle and points to a timing delay rather than a breakdown, setting up for a potentially explosive 2026. source: @julian2kwan on X, Nov 14, 2025 He cites concrete catalysts: MiCA rules are phasing in across the EU, providing compliance clarity that supports institutional participation and market depth. source: @julian2kwan on X, Nov 14, 2025 He notes Hong Kong has live spot BTC and ETH ETFs, more licensed venues, and a stablecoin bill in place, expanding regulated demand channels in Asia. source: @julian2kwan on X, Nov 14, 2025 He adds that Japan’s major financial institutions plan 24/7 tokenized stock trading by 2026, broadening tokenization liquidity and settlement windows. source: @julian2kwan on X, Nov 14, 2025 On RWAs, he highlights BlackRock’s BUIDL at multi‑billion scale, tokenized Treasuries and credit growing, the DTCC × Chainlink fund-data pilot, and JPMorgan’s first tokenized private fund flow as evidence that trading and settlement plumbing is maturing. source: @julian2kwan on X, Nov 14, 2025 He further references ISDA and Project Guardian work on tokenized bank liabilities, enabling on‑chain settlement rails that can channel larger capital pools into crypto‑adjacent assets. source: @julian2kwan on X, Nov 14, 2025 For US policy, he states the GENIUS Act for stablecoins is now law, creating federal rails for dollar‑on‑chain settlement, and that the SEC is actively narrowing the gray zone on what is or isn’t a security, which he views as a catalyst for capital formation. source: @julian2kwan on X, Nov 14, 2025 From a market-structure lens, he says digital asset trusts (DAT) are trading near MNAV and leverage is light, implying more resilient consolidation before the next leg. source: @julian2kwan on X, Nov 14, 2025 On flows, he points to steady RWA AUM growth across tokenized Treasuries, money market funds, and bonds, citing charts from rwa.xyz. source: @julian2kwan on X, Nov 14, 2025 He concludes that crypto tracks the business cycle and this one is extended, not broken, reinforcing a 2026 breakout setup and potential outperformance versus BTC and ETH by selected strategies he follows. source: @julian2kwan on X, Nov 14, 2025

According to @AggrNews, Binance now accepts BlackRock’s BUIDL tokenized fund as eligible collateral for trading following a Binance Blog announcement, with the change applying to supported trading products per the notice. source: @AggrNews; Binance Blog BlackRock describes BUIDL as a tokenized U.S. Treasury and cash-equivalent fund issued on Ethereum that delivers on-chain daily accrued yield, clarifying its structure and intended use for institutional-grade liquidity management. source: BlackRock BUIDL fund overview Binance states its collateral framework allows approved assets to back margin and derivatives exposure for qualified users, which can improve capital efficiency and liquidity deployment on the venue. source: Binance Institutional collateral documentation Traders should monitor BTC and ETH funding rates, open interest, and USD versus USDT basis on Binance to gauge any collateral-driven shifts in leverage and liquidity conditions. source: Binance Futures market data

According to @kwok_phil, tokenizing real-world assets would give high-net-worth holders instant liquidity and channel major capital into crypto markets, presenting a bullish setup for the RWA narrative and related tokens, source: @kwok_phil on Twitter, Nov 10, 2025. He cites a Financial Times line that the trick to being a multibillionaire is having zero liquidity to argue tokenized assets could become preferred over traditional instruments, source: @kwok_phil on Twitter citing Financial Times. For trading, the post highlights potential opportunities across RWA tokens and tokenization infrastructure, with a focus on on-chain liquidity, tokenized treasury volumes, and inflow proxies to confirm momentum, source: @kwok_phil on Twitter. The post is opinion-driven without quantitative evidence, so traders should treat it as a sentiment catalyst rather than a data-backed signal, source: @kwok_phil on Twitter.

According to @EmberCN, Plume’s tokenized vault platform Nest has listed the institutional-grade strategy vault Nest Basis nBASIS on Pendle on the Ethereum mainnet, enabling users to access the vault’s yield directly on ETH. Source: @EmberCN on X. According to @EmberCN, the nBASIS vault runs a market-neutral allocation with roughly 75 percent in crypto basis arbitrage and 25 percent in U.S. Treasuries, targeting stable on-chain yield. Source: @EmberCN on X. According to @EmberCN, Pendle’s yield splitting allows low-risk investors to buy PT to lock fixed returns, while higher-risk investors can buy YT for variable returns. Source: @EmberCN on X. According to @EmberCN, current demand may skew toward YT because Nest issues PNP points to YT holders, adding expected airdrop value on top of yield. Source: @EmberCN on X. According to @EmberCN, this nBASIS listing is positioned as a trial, and if market reception is positive, Nest could onboard more compliant tokenized vaults sourced from traditional institutions. Source: @EmberCN on X.

According to the source, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) remains a leading tokenized U.S. Treasuries vehicle by AUM on Ethereum, while Franklin Templeton’s OnChain U.S. Government Money Fund (BENJI/FOBXX) and Ondo’s OUSG have expanded issuance, increasing market diversification; sources: BlackRock newsroom, 2024-03-20; RWA.xyz Treasuries dashboard; Franklin Templeton Benji portal; Ondo Finance docs. Investor access for many tokenized Treasury products is restricted to qualified purchasers or accredited investors, including BUIDL and OUSG, which directly impacts liquidity and secondary trading depth; sources: Securitize BUIDL fund documentation; Ondo Finance OUSG eligibility page. Redemptions and subscriptions generally follow traditional fund cutoff times and banking rails (e.g., same-day or next-day windows), constraining intraday liquidity relative to 24/7 crypto markets; sources: Franklin Templeton FOBXX prospectus and Benji app disclosures; Securitize operational details for BUIDL. When used as collateral on crypto derivatives venues, tokenized T‑bill tokens or yield-bearing notes face materially higher haircuts than in U.S. Treasury repo, reducing available leverage and raising funding costs (e.g., Bybit lists USDY with a significant haircut while typical Treasury repo haircuts are near 0–2%); sources: Bybit Collateral Haircut schedule; Federal Reserve Bank of New York analysis on Treasury repo haircuts. Trading takeaway: these frictions affect on-chain basis trades, collateral efficiency, and DeFi yield allocation across ETH and stablecoin venues; desks should model collateral haircuts and redemption windows when sizing positions and liquidity buffers; sources: Galaxy Research 2024 Tokenized Treasuries market map; Coinbase Institutional research on RWA yields and DeFi liquidity.

According to Camilla McFarland, Bitcoin has become a top-10 global asset by market capitalization within 17 years while Ethereum is entering an early phase of financial asset tokenization, reinforcing long-term adoption tailwinds for BTC and ETH. Source: Camilla McFarland X post https://twitter.com/camillionaire_m/status/1984259436869742972; Bitcoin market cap ranking data https://companiesmarketcap.com/bitcoin/marketcap Institutional implementations substantiate the tokenization claim, including BlackRock’s BUIDL tokenized U.S. dollar fund on Ethereum and the growth of tokenized Treasuries tracked on-chain, which traders monitor as potential demand drivers for ETH and related RWA tokens. Source: BlackRock newsroom launch of BUIDL https://www.blackrock.com/corporate/newsroom/blackrock-launches-first-tokenized-fund-on-ethereum; RWA.xyz Tokenized Treasuries dashboard https://rwa.xyz/treasuries For trading, monitor ETH network activity and regulated access channels such as U.S. spot ETH ETFs, which can influence liquidity and price discovery alongside the on-chain RWA trend. Source: U.S. SEC statement on Ethereum ETPs approval progress https://www.sec.gov/news/statement/gensler-statement-ethereum-etp-05232024

According to the source, real-world asset tokenization is moving from hype to regulated, institution-backed finance. BlackRock launched BUIDL, a tokenized U.S. dollar liquidity fund on Ethereum with Securitize as transfer agent, marking blue-chip entry into on-chain funds (source: BlackRock press release, Mar 20, 2024). J.P. Morgan’s Tokenized Collateral Network executed a live transaction using tokenized BlackRock money market fund shares as collateral for Barclays, demonstrating regulated collateral use on-chain (source: J.P. Morgan press release, Oct 11, 2023). Franklin Templeton’s Franklin OnChain U.S. Government Money Fund records share ownership and processes transactions on public blockchains under SEC oversight, evidencing compliant fund operations on-chain (source: Franklin Templeton press release, Apr 25, 2023). Singapore’s MAS expanded Project Guardian pilots for tokenized funds, bonds, and FX with regulated institutions like DBS and J.P. Morgan, enabling institutional DeFi under supervisory sandboxes (source: Monetary Authority of Singapore media releases, 2023–2024). Hong Kong issued multi-currency tokenized green bonds under the HKSAR Government programme, settling via regulated market infrastructure and DLT, showcasing sovereign-grade tokenization (source: Hong Kong Monetary Authority press release, Feb 7, 2024). The UK’s HM Treasury–backed Technology Working Group published a fund tokenisation blueprint endorsed by the FCA, paving regulated pathways for tokenised fund structures (source: UK Technology Working Group report supported by HM Treasury and FCA, Nov 2023). In the EU, tokenised financial instruments fall under MiFID II while MiCA governs other crypto-assets, clarifying the regulatory perimeter for RWA issuance and trading (source: Regulation (EU) 2023/1114 MiCA and MiFID II; European Commission/ESMA guidance, 2023). Trading take: These milestones validate on-chain T‑bill and money market yields, tokenized collateral, and regulated fund rails becoming investable, with direct implications for DeFi liquidity, stablecoin demand, and Ethereum (ETH) settlement usage; monitor inflows to tokenized funds (e.g., BUIDL), MAS/UK pilot timelines, and TCN collateral use cases for directional signals (sources: BlackRock 2024; J.P. Morgan 2023; MAS 2023–2024; UK TWG 2023).

According to @julian2kwan, daily redemptions are the key to unlocking trillions of dollars in private credit and asset RWAs, as simply putting assets on-chain does not deliver product-market fit by itself. Source: @julian2kwan on X, Oct 22, 2025. He states the real competition is to offer high-yield RWA tokens backed by brand-name institutions that allow investors to enter and exit daily, making liquidity the decisive feature. Source: @julian2kwan on X, Oct 22, 2025. He adds that tokenized treasuries and money market funds achieved the first scalable product-market fit precisely because of daily liquidity. Source: @julian2kwan on X, Oct 22, 2025. He notes stablecoin holders prioritize both yield and flexibility, reinforcing that daily liquidity design drives adoption for RWA products. Source: @julian2kwan on X, Oct 22, 2025. He further says most private credit offerings impose minimum terms of three months, typically twelve months, and that IxsFinance is working with major institutions to enable investors to invest and divest daily on its platform. Source: @julian2kwan on X, Oct 22, 2025.

According to the source, Broadridge is processing about $348 billion per day in global repo value on the Canton Network institutional blockchain, highlighting active DLT usage in securities financing, source: RWA_xyz on X, Oct 13, 2025. Because Canton Network has no native token, crypto exposure is typically via the wider real-world asset tokenization theme such as tokenized U.S. Treasuries and RWA sector benchmarks, sources: Canton Network public documentation; BlackRock BUIDL launch press release, March 2024.