RWA

The Casper Association on May 12 published a multi-year roadmap that targets regulated real-world asset tokenization, citing an estimated $16 trillion market and adding plans for AI-driven, machine-to-machine commerce. The plan includes EVM compatibility and alignment with ERC-3643 (about $28 billion in on-chain assets), with X402 micropayments slated for 2026 and quantum-safe cryptography targeted for 2027.

On May 13, ADI Foundation and Settlemint said they are partnering to launch a digital securities infrastructure on the ADI Chain within the Abu Dhabi Global Market (ADGM) regulatory framework. The system combines ADI’s compliance-focused Layer-2 with Settlemint’s digital asset lifecycle platform to cover issuance through post-trade servicing, as tokenized RWAs stand at about $30.92 billion on-chain.

Arbitrum's tokenized RWA market has reached about $840M, with EU government bonds leading at roughly $374M as attention builds ahead of the May 11-17 ARB token unlock. ARB was trading near $0.1328 after falling from the $0.145-$0.146 area, while RSI and MACD signals suggested traders remained cautious despite rising discussion.

Gold-backed tokenized commodities are leading RWA expansion, with XAUT and PAXG responsible for 89.1% of the sector’s growth since 2025. As of May 13, 2026, the two tokens traded around $4,683–$4,684, while their reported contributions to expansion were about $1.87 billion (XAUT) and $1.80 billion (PAXG).

On 13 May 2026, Santiment’s 30-day GitHub activity ranking for top RWA projects put ChainLink first with 197.8 and Hedera second with 193.57, while the gap to Stellar in third (72.4) highlighted a steep drop-off. Injective ranked 8th by development at 23.13 but led the group’s 24-hour price moves with a +22.15% gain. The table also showed IOTA at 46.5 development units on a $280.29M market cap, implying higher activity per market-cap dollar than larger peers.

JPMorgan Asset Management has filed with the U.S. SEC to launch JLTXX, a second tokenized money market fund on Ethereum run through its Kinexys Digital Assets unit. The filing follows the debut of its first tokenized fund, MONY, in December 2025, and describes a portfolio fully invested in short-term U.S. Treasuries and fully collateralized overnight repos. JLTXX still needs SEC approval and is expected to initially target institutional buyers rather than retail investors.

SharpLink said institutional Ethereum adoption indicators are strengthening even as ETH has stayed near bear-market lows since early February. The firm cited 38.7 million ETH staked (about $89 billion, roughly 32% of supply), exchange balances at 15 million ETH, and US spot ETH ETF flows turning positive in April. ETH traded just above $2,250 late Tuesday and rebounded to just under $2,300 in Asia on Wednesday, still nearly 54% below its August 2025 all-time high.

Arc, Canton, and Tempo have collectively raised more than $1 billion in rounds that closed between October 2025 and May 2026, with combined valuations said to exceed $10 billion. The projects are backed by firms including Goldman Sachs, BlackRock, Stripe, Paradigm, and a16z, reflecting a growing push for configurable, compliance-friendly privacy for institutional on-chain activity.

Moody’s Ratings says major U.S. banks and market intermediaries increasingly agree that tokenized assets and digital money will become unavoidable, though current usage remains confined to stablecoins, tokenized deposits, and tokenized money market funds. DTCC said on May 4, 2026 it will support limited production trades of tokenized securities in July 2026, with a full-service launch targeted for October 2026. The report also notes tokenized MMFs stand at about $10 billion outstanding, reflecting rising institutional demand for onchain liquidity and yield.

Chainlink saw a sharp pickup in network participation, with daily active addresses reaching 282,170 on May 9 and holding near 264,090 on May 10. The move followed Solv Protocol’s shift of more than $700 million in tokenized Bitcoin assets to Chainlink CCIP and a planned rsETH migration by Kelp DAO. Data points cited in the article also highlight CCIP’s $18 billion Q1 2026 transfer volume and Chainlink’s expanding role in tokenized-asset infrastructure.