Tokenization
Guides to real-world asset tokenization: platforms, token standards, custody and US rules.
Tokenized asset settlement: how DvP works
How tokenized assets and cash settle together, and which risks remain after delivery versus payment.
Tokenized collateral: what the CFTC allows for margin
What CFTC staff allow when Treasuries and fund shares posted as margin are tokens on a blockchain.
Tokenized securities transfer agent: who keeps the record
What SEC rules and staff guidance require of the agent that keeps a tokenized security's holder record.
Tokenized Deposits: How Bank Deposit Tokens Work
JPMorgan, Citi and HSBC now move deposit tokens 24/7, and U.S. law keeps them outside the stablecoin rules.
Tokenization platforms: 11 compared by standard and chain
Eleven tokenization platforms, with the token standard, chains, license and API docs each one publishes.
What Is RWA Tokenization? How Tokenized Assets Work
How BUIDL, FOBXX, Figure and JPM Coin put funds, loans and deposits on-chain, and why US securities law still applies.
Tokenization Companies: 6 Platforms Compared
Registrations, chains and products for six platforms, taken from SEC, FINRA and company filings, with no ranking.
Tokenization records ownership of assets such as Treasury funds, loans and deposits on a blockchain. RWA tokenization explains the stack with real examples. Tokenization companies compares what firms such as Securitize, Ondo and Superstate tokenize, and tokenization platforms compares 11 platforms by token standard, chains, regulated entity and API documentation. Tokenized deposits covers bank deposit tokens from J.P. Morgan, Citi and HSBC and how U.S. law separates them from payment stablecoins.
Who keeps the legal ownership record is covered in tokenized securities transfer agent: when SEC registration applies, how SEC staff allow a blockchain to serve as the master securityholder file, and how a digital transfer agent works next to an issuer’s main agent.
When tokenized Treasuries and fund shares are posted as margin for futures and swaps, tokenized collateral explains what CFTC staff allow FCMs, clearinghouses and swap dealers to accept.
Related rules and launches are followed in stablecoin infrastructure news, such as the SEC innovation exemption tokenized stocks order.
Questions
What is RWA tokenization? Putting ownership of a real-world asset, such as a fund share or a loan, on a blockchain as a token, with the legal record kept in step.
What is a tokenized deposit? A bank deposit recorded as a token on a ledger; it stays on the bank’s balance sheet and is not a payment stablecoin under the GENIUS Act.
Who keeps the record of a tokenized security? The issuer or its transfer agent; SEC staff said in May 2025 that a registered transfer agent may keep the master securityholder file on a blockchain.
What is a token standard? A shared set of smart-contract functions, such as ERC-3643 for permissioned tokens, that wallets, custodians and platforms can rely on.
Does this section cover crypto trading? No. It covers the platforms, custody and rules behind tokenized assets.