RWA

JPMorgan, Citi, Bank of America, and Wells Fargo are working on a shared tokenized-deposit network slated for the first half of 2027. The effort aims to keep deposits inside regulated bank balance sheets as stablecoins expand, with USDT at roughly $188 billion and USDC at $78 billion among April 2026 figures. Executives involved described the initiative as an on-chain payments step, while noting demand is still developing.

An XRP-denominated fixed-term yield market on Flare completed a liquidity rollover between June 3 and June 4, 2026, moving about $4.88 million into a newly launched instrument without interrupting trading. The migration was handled through Spectra's Metavault design, which automatically redirects liquidity when pools mature. The rollout follows the May 15 launch of Monarq's MXRPY vault and coincides with an XRP Alliance promotion running through June 8 that includes a shared $40,000 reward pool.

Securitize's registration statement for its planned SPAC merger with Cantor Equity Partners II has been declared effective, clearing a key step toward a NYSE listing. Shareholders of record as of May 11, 2026 are set to vote on June 29, and the combined company would trade as Securitize Corp. under the ticker SECZ. The move comes as tokenized real-world assets (excluding stablecoins) total about $31.15 billion in distributed value and regulators outline approaches for tokenized securities.

Payward, the parent of Kraken, says it will roll out a way for Kraken users and selected xStocks partners to access tokenized allocations of U.S.-listed IPOs at the offering price in the coming weeks. Users will be able to submit a pre-listing indication of interest, then receive tokenized shares on listing day, with the tokens backed 1:1 by the underlying stock.

In Q1 2026, the overall crypto market capitalization declined by nearly 20% and briefly dipped below $2.5 trillion, alongside more than $15.7 billion in liquidations. Bitcoin ended the quarter down 22.6% and Ethereum fell 35% to $1,820 at its February 6 low, while stablecoins hit a record $316.4 billion and RWA tokenization grew 38% to above $20 billion.

Franklin Templeton and Moonpay formed a strategic partnership linking the Benji Technology Platform with Moonpay Trade’s institutional execution stack. Eligible institutions can swap between supported stablecoins and Franklin Templeton’s tokenized money market funds onchain, adding liquidity and operational flexibility for treasury and collateral workflows. Franklin Templeton reported $1.74 trillion in AUM as of April 30, 2026, while Moonpay said it serves 30 million customers across 180 countries.

Citi says tokenized securities and real-world assets may expand from about $17 billion to $5.5 trillion globally by 2030, with a projected range of $2.7 trillion to $8.2 trillion. The bank highlights tokenized Treasury bills, digital stocks, and stablecoins as key building blocks, including an estimate of roughly $1 trillion in potential new Treasury demand tied to stablecoin growth.

Ondo Finance said it plans to roll out Ondo Perps within weeks, offering perpetual futures on tokenized stocks, ETFs, and commodities with up to 20x leverage for non-U.S. users. The planned launch follows the CFTC’s May 29 approval of Kalshi’s BTCPERP, described as the first U.S.-listed regulated perpetual futures contract. Ondo Perps’ key design is a collateral model that lets traders post tokenized securities rather than relying only on stablecoins.

Citigroup forecasts the tokenized-asset market could expand from about $17 billion to $5.5 trillion by 2030, with scenarios ranging from $2.7 trillion to $8.2 trillion. The bank also links tokenization momentum to stablecoins, projecting the stablecoin market could reach $1.9 trillion by 2030 and drive up to $1 trillion in on-chain Treasury demand.

On June 1, Stellar's XLM briefly moved above $0.27 and at one point showed 24-hour gains of 14% before a broader sell-off reduced the day's increase to 5% by 5:10 a.m. EST. XLM climbed from just under $0.243 to $0.271637, while the aggregate crypto market fell 1.4% and only HYPE (+6.5%) and TRX (+1.1%) also posted gains among Coingecko's top 20. Since Stellar announced a partnership with DTCC, XLM has nearly doubled, its market cap reached $8.5 billion, and the latest 24-hour move coincided with about $4.6 million in short liquidations and $3.76 million in long liquidations.