Huo Xing Finance reports that on May 13, major global traditional financial institutions are increasingly entering the market for on-chain tokenized financial products, with the global market size for tokenized real-world assets (RWA) surpassing $30 billion. The industry is transitioning from early experimental phases toward institutional-grade infrastructure, interoperability, and compliant on-chain financial systems. Recent developments in the on-chain tokenization market include: BlackRock submitted a new application to the U.S. SEC yesterday for a novel tokenized fund structure, again selecting Securitize to provide on-chain infrastructure support. The new structure integrates on-chain ownership records of fund shares with a regulated transfer agent and investor access system, bridging on-chain operations with traditional financial compliance frameworks. Securitize stated that its subsidiary, Securitize Transfer Agent, LLC, will maintain the official ownership records of fund shares on public blockchains, meaning on-chain holdings will be directly integrated into regulated fund registries. This marks another step toward institutional-scale operations in regulated on-chain capital markets and is viewed as BlackRock’s further expansion following the success of BUIDL. BUIDL, BlackRock’s first tokenized fund launched in 2024 in partnership with Securitize, has grown to approximately $2.3 billion in assets under management and has become one of the leading cases of institutional adoption of tokenized finance. Franklin Templeton has also officially announced a partnership with Payward, the parent company of cryptocurrency exchange Kraken, to jointly explore tokenization opportunities for traditional financial products. The collaboration will cover tokenized equities, compliant custody, actively managed yield products, and institutional-grade crypto liquidity via Kraken’s OTC and Prime services. Both parties will focus on developing on-chain versions of Franklin Templeton’s financial products—including yield offerings targeted at institutional clients—with potential future expansion to Kraken’s broader user base. Kraken previously launched its tokenized equity product, xStocks, which has generated over $30 billion in cumulative trading volume since its launch last year. Meanwhile, Franklin Templeton has already issued multiple crypto ETFs and launched its tokenized money market fund, BENJI, and is currently collaborating with Ondo Finance to develop additional on-chain financial products. JPMorgan Chase also plans to launch its second tokenized money market fund, JLTXX. On May 12, it filed documentation for the JPMorgan OnChain Liquidity-Token Money Market Fund (ticker: JLTXX), which will issue digital tokens on the Ethereum blockchain, with underlying assets consisting of U.S. Treasuries and repurchase agreements.
Traditional Financial Giants Expand into Tokenized Products: BlackRock, Franklin Templeton, and JPMorgan Move Forward
MarsBitShare
Summary
Traditional financial giants are intensifying their push into tokenized products. BlackRock has filed a new application with the SEC for a tokenized fund, aiming to integrate on-chain data with regulated transfer systems. Securitize will manage on-chain records, linking them to official fund registries. Franklin Templeton has partnered with Payward to explore tokenized assets, including equities and yield-generating products. Kraken's xStocks has achieved $30 billion in trading volume. JPMorgan is launching a second tokenized fund, JLTXX, with tokens on Ethereum backed by U.S. Treasuries.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.