In May 2026, JPMorgan, Mastercard, and Ondo Finance successfully settled a tokenized US Treasury on the XRP Ledger, demonstrating the technology's capability for fast, on-chain settlement of real-world assets. This transaction highlights the XRP Ledger's growing use by major financial institutions, with over $3.5 billion in tokenized assets currently hosted. However, the lack of a clear legal framework for on-chain settlement in the US limits scaling beyond pilot projects. The CLARITY Act, a pending bill, aims to provide the necessary legal certainty to enable widespread institutional adoption of blockchain-based settlement infrastructure, potentially transforming traditional finance settlement processes.
Mirae Asset Global Investments, South Korea's largest asset manager, has partnered with Ondo Finance to tokenize its $99 billion Global X ETF lineup. The first tokenized product, a covered-call ETF share class, will launch in Hong Kong in Q3 2026, en...
Ondo Finance and Mirae Asset Global Investments have signed an MOU to tokenize US-listed Global X ETFs, marking Mirae as the first major Asian asset manager to enter ETF tokenization. The collaboration will initially focus on US ETFs, with plans to e...
SpaceX's IPO filing has reignited interest and skepticism around tokenized stocks and real-world asset (RWA) tokens. Some exchanges canceled tokenized SpaceX share offerings due to delivery failures, highlighting risks in off-chain custody and settle...
John Hoffman, head of portfolio products at Ondo Finance, compares the current tokenization market to the early days of ETFs, predicting rapid growth driven by AI integration. The tokenized asset market has grown to over $33 billion and could reach t...
