Tokenization

Tokenization

Finance

Saudi Arabia is tokenizing its multi-trillion dollar economy to protect its wealth from global shocks

The chairman of droppRWA has secured $12.5 billion in mandates to tokenized real estate and his plans are to go beyond properties to bring trillions of dollars onchain.

Faisal Monai, the architect of the Saudi kingdom's modern financial plumbing. (Faisal Monai/Press Team)

Finance

Here is why Wall Street is racing to tokenize the entire stock market

Tokenization has been the narrative of 2026. Executing on that narrative is trickier, but proponents say the benefits are massive if they pull it off.

CoinDesk

Finance

BlackRock, Janus Henderson tokenized funds get instant redemptions with new $1 billion facility

A new credit facility by Grove aims to allow instant redemptions into stablecoins from BlackRock's BUIDL and Janus Henderson's money market funds, reducing settlement time from days to instantaneous.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Finance

Animoca-backed NUVA connects Figure's $19 billion of tokenized assets to Ethereum

The protocol, led by veteran BNY executive Anthony Moro, aims to connect real-world assets with DeFi markets, starting with home equity lines of credit and Treasuries.

Anthony Moro, CEO of Nuva Labs (Nuva Labs)

Markets

Anthropic, OpenAI tokens plunge as AI firms say pre-IPO share transfers are invalid

Tokens on Solana that claim to track the private-market valuations of Anthropic and OpenAI dropped sharply this week after both AI companies warned that the structures used to back the tokens may be invalid.

Screen chart showing a descending line

Finance

JPMorgan files to launch new tokenized fund as Wall Street tokenization race heats up

The global banking giant is expanding its tokenized money market lineup, following BlackRock's similar move just a few days ago.

Kara Kennedy, global head of Market Development,

Finance

Kraken parent, Franklin Templeton to develop onchain investment products

The partnership will focus on tokenized yield products, blockchain-based funds and institutional crypto markets.

Payward and Kraken co-CEO Arjun Sethi. (CoinDesk)

Finance

DTCC builds out blockchain-based collateral system with Chainlink integration

The platform tokenizes collateral on blockchain rails and uses smart contracts to enable 24/7 automated collateral management across financial markets.

Chainlink CEO and co-founder Sergey Nazarov

Markets

Anthropic warns against unauthorized stock exposure as token markets imply trillion-dollar valuation

The AI firm says investors should assume indirect access to its private shares is invalid, and transfers of its stock or interests in its stock will not be recognized.

Chart market

Videos

Pomp: 75% of crypto companies won’t survive; State Street's tokenization bridge

This episode of CoinDesk's Public Keys at the NYSE features three conversations with the most closely watched voices in crypto's institutional moment. ProCap Financial founder Anthony Pompliano argues that 75% of crypto companies "aren't going to be here in five years," and lays out the four areas he believes will survive — Bitcoin, equity infrastructure, stablecoins, and tokenization. Angus Fletcher, Head of Digital Assets at State Street, breaks down how the $30 trillion-plus custody bank is building the bridge between traditional finance and tokenized markets, including a new tokenized fund service launching from Luxembourg by the end of 2026. Plus, SharpLink CEO Joseph Chalom on the publicly traded Ethereum treasury company's 46% institutional ownership, why permanent ETH capital is reshaping on-chain finance, and why he believes ETH's risk/reward "has never been better."

Pomp: 75% of crypto companies won’t survive; State Street's tokenization bridge