Blockchain Association submitted a letter to the SEC backing Coinbase's argument that third-party tokenization of public securities should not require issuer consent. The group also pushed for a time- and volume-limited innovation exemption to test tokenized trading.
Saudi proptech Jozo closed a $2.2M seed round led by Bin Saedan Real Estate. The platform offers fractional ownership of rental properties in Saudi Arabia and operates inside the Real Estate General Authority's regulatory sandbox. Still in testing
The strongest week in this cycle for on-chain RWAs: distributed asset value jumped to $29.21B (+5.5%) while holders rose to 722K. Stablecoins crossed back above $301B. Solana now has 188K RWA holders vs Ethereum's 167K, but Ethereum still holds 8× the value.
Currenc Group, listed on Nasdaq under CURR, partnered with Securitize to tokenize its ordinary shares on Ethereum and Solana. Tokenized holders get the same ownership, voting, and corporate action rights as conventional shareholders.
Hong Kong-based Pharos Network raised $44M in Series A, bringing total funding to $52M. Investors include a Sumitomo subsidiary, SNZ and Flow Traders. The company is building a Layer 1 for tokenized RWAs and compliant finance, still in testnet.
South Korea's ruling party is preparing a Digital Asset Basic Act draft that would route stablecoins into foreign exchange law and require tokenized RWA issuers to hold underlying assets in managed trusts. The bill has not been formally filed yet.
Six Swiss banks including UBS and PostFinance joined Swiss Stablecoin AG to test a Swiss-franc stablecoin on Ethereum in a controlled sandbox. Volume is capped below CHF 1 million under FINMA's fintech sandbox framework. Reserves are held in cash at a regulated Swiss bank.
FG Nexus disclosed in an SEC filing that its board discussed a possible business combination with manufactured housing operator FG Communities as part of its real world asset tokenization strategy. Talks are preliminary — no agreement has been reached.
DiamondLake Minerals, ECI and SteelWave signed an MOU to build a tokenized real asset platform combining public market access, investment structuring, and commercial real estate. No definitive agreements have been signed.
OFA Group signed a $15M tokenization services agreement with MD Queens Development for a proposed $1B mixed-use project in Long Island City. Tokens will represent SPV interests, not direct property ownership. OFA acts as technology provider only.
A positive week for on-chain RWAs: distributed asset value rose to $27.68B (+3.4%) while holders climbed to 711K. Stablecoins stayed flat at $299B. Solana now has more RWA holders than Ethereum but holds less than a seventh of the value.
Capital B completed the tokenization of its Euronext-listed ALCPB shares on Blockstream's Liquid Network. Each Capital B Note, issued by a Luxembourg securitization fund compartment via STOKR, is backed by 100 ordinary shares. Minimum subscription is $150,000.
Lise, a tokenized stock exchange operating under the EU DLT Pilot Regime in France, is preparing to admit aerospace composites manufacturer ST Group as its first issuer. Subscriptions are scheduled to open on April 9 on a regulated venue with 24/7 secondary trading.
Alpha Ladder Group and Abu Dhabi-based Maqam International Holding are forming a joint venture in ADGM for RWA tokenization and digital payments across the Middle East and North Africa. The venture plans to apply for an FSRA licence. No live products yet.
Australia's Parliament passed the Corporations Amendment (Digital Assets Framework) Bill on April 1. Exchanges, custodians and tokenization platforms will need an Australian Financial Services Licence. The regime takes effect 12 months after Royal Assent, with 18 months to comply.
Plume launched a payroll pilot with Toku that lets employees elect to receive part of their compensation in WisdomTree's WTGXX tokenized money market fund instead of cash. The asset is a U.S.-registered treasury fund under the Investment Company Act, not a stablecoin.
