Open USD will launch on Ethereum from its first day of operation as part of a broader multichain rollout that also includes Solana, Base, Stellar and Polygon.

During a July 29 panel discussion on digital assets, Morgan Stanley Global Head of Banks and Diversified Finance Research Betsy Graseck put the case bluntly.

Crypto exchanges have built a parallel market around one of China's largest technology listings before the underlying shares have traded a single lot.

Solana ended the second quarter with two very different stories. Trading in tokenized assets on the network more than doubled to a record $5.8 billion in quarterly volume, but overall decentralized exchange activity, lending and revenue generated from network use all declined.

Chainlink is not offering central banks a new currency or asking governments to replace their sovereign financial systems with a public blockchain. Its institutional role is more practical: coordinating data, payments, tokenized assets, compliance checks and settlement instructions across systems that were not designed to communicate with one another.

Cardano’s Pogun initiative targets Bitcoin liquidity through a credit market, yield layer and trust-minimized bridge, but the project remains unfinished after its treasury request expired and its first deadline passed.

Tokenized U.S. Treasury products reached approximately $16 billion on July 16, 2026, accounting for nearly 46% of the $34.8 billion in distributed real-world assets.

Real-world assets, commonly shortened to RWAs, are traditional investments such as Treasury bills, company shares, loans, and property that are represented through blockchain-based tokens.

J.P. Morgan’s two tokenized money market funds held a combined $871.2 million on Ethereum as of July 15. JLTXX accounted for approximately $769.1 million, or 88.3% of the total, while the earlier MONY fund held roughly $102.1 million.

The Depository Trust & Clearing Corporation began a limited-production tokenization trial on July 15, converting selected U.S. stocks, exchange-traded funds and Treasury securities already held at its depository into blockchain-based tokens.

JPMorgan has lowered its earnings estimates for Circle and Coinbase, arguing that their revised USDC arrangement with Hyperliquid exposes a structural weakness in the stablecoin’s distribution model.

Galaxy Digital CEO Michael Novogratz says crypto's tape has turned, with trading volumes up 20-30% month-over-month and the Robinhood Chain launch showing what happens when a broker with 15 million US customers walks into DeFi.