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According to Businesswire, Nasdaq-listed company Datavault AI announced its business update for the first quarter of 2026, revealing that the company has signed over $800 million in tokenized contracts, with approximately $100 million in fees expected to be recognized in 2026, achieving about $75 million in new contract scale for the first quarter, further validating institutional demand for RWA (real-world asset) tokenization platforms.In terms of assets and financing, the company has strengthened its balance sheet through a $60 million private placement and an additional $120 million in non-dilutive financing, while advancing the expansion of the SanQtum AI infrastructure platform across the United States, and plans to expand its quantum-secure GPU edge network by the end of 2026, deploying approximately 48,000 GPUs.

The latest disclosed SEC documents show that as of March 31, 2026, Avenir Group holds 18,276,100 shares of BlackRock's IBIT Bitcoin Spot ETF, with a position market value of approximately $702 million based on the quarter-end closing price, a slight decrease of about 0.061% compared to the fourth quarter of 2025. Since the second quarter of 2024, Avenir Group has maintained its position as the largest institutional holder of Bitcoin ETFs in Asia for eight consecutive quarters.Since 2026, Avenir Group has been continuously promoting the integration of TradFi and Crypto, including strategic investments in CoinRoutes, leading a $20 million seed round for Inference Research, and signing a cooperation MOU with Tiger Brokers, AMINA Bank, and CoinRoutes during Consensus Hong Kong 2026 to advance the construction of next-generation institutional trading infrastructure.

According to GlobeNewsWire, Bitcoin mining company IREN Limited announced the completion of a $3 billion convertible senior notes offering, with a coupon rate of 1% and maturing in 2033. This offering includes $2.6 billion in initial issuance and $400 million in overallotment options. The net proceeds are approximately $2.96 billion, of which about $201.3 million will be used to pay for capped call option transaction costs, with the remainder used for general corporate purposes and working capital.

Binance announced that due to third-party system maintenance, Binance Alpha tokenized securities trading services are currently in temporary maintenance status, and users are temporarily unable to place orders or conduct transactions.Binance stated that user asset security is not affected, and the platform is actively communicating with the third party to promote service recovery. Users will be notified as soon as the relevant functions are restored.

According to The Block, Sharplink CEO Joseph Chalom stated that the New York Stock Exchange and Nasdaq are advancing 24/7 trading, and the U.S. Depository Trust & Clearing Corporation is promoting tokenized collateral, along with Bullish's acquisition of Equiniti, indicating that the public equity on-chain process may be faster than the market expects.Meanwhile, several Ethereum reserve companies have significantly retreated from their summer 2025 highs, with a noticeable contraction in the market value to net asset value ratio. Chalom mentioned that some companies are under pressure due to prematurely issuing preferred stock or convertible bonds; Sharplink focuses more on equity financing and staking yields while trying to keep the balance sheet simple.He also stated that over the past year and a half, Bitcoin and Ethereum have behaved more like risk assets, but as stablecoins, tokenized assets, DeFi, and AI applications expand on Ethereum, Ethereum may further differentiate from Bitcoin in the long term.

Blockchain credit infrastructure company Grove has launched a liquidity network called Basin, which can initially provide up to $1 billion in stablecoin liquidity daily to support instant redemptions for tokenized U.S. Treasury funds such as BlackRock BUIDL and Janus Henderson Anemoy Treasury Fund (JTRSY).

According to CoinDesk, Moody's has awarded the highest rating of AAA-mf to the tokenized money market funds of Fidelity and BlackRock, marking that the products of both institutions meet the highest standards in credit quality, liquidity, and capital preservation.Fidelity's FILQ fund was launched on May 6, built on Sygnum's Desygnate tokenization platform, supporting on-chain real-time cash settlement, and introducing infrastructure support from JPMorgan, Apex Group, and Chainlink; BlackRock's BUIDL fund is set to launch in March 2024 and currently accounts for about 15% of the tokenized government bond market.

According to The Block, Bitwise Chief Investment Officer Matt Hougan pointed out that Circle's Arc, Canton Network, and Stripe's Tempo have recently completed over one billion dollars in financing collectively, with all three financings occurring after the signing of the GENIUS Act in July 2025. Hougan believes that this act has broken the regulatory deadlock that previously suppressed institutional capital entry.Hougan summarized three major signals: first, all three chains have made native privacy transactions a core design to meet institutions' needs for transaction confidentiality; second, the implementation of the GENIUS Act has significantly reduced regulatory uncertainty, with the next key variable being the ongoing Clarity Act, which is expected to benefit stablecoins and tokenized infrastructure; third, the backing of top institutions such as Goldman Sachs, Citadel, BlackRock, Stripe, and Visa behind these three chains stands in stark contrast to the grassroots paths of Ethereum and Solana.Hougan stated that his funds are still primarily betting on native crypto projects and believes that emerging enterprise chains will raise overall competitive standards and attract more capital inflow.

Global financial infrastructure giant DTCC (whose subsidiary processed $47 trillion in securities transactions in 2025) announced on Tuesday that it will integrate Chainlink as the data and orchestration layer for its upcoming tokenized collateral platform.DTCC's Collateral AppChain will utilize the Chainlink Runtime Environment (CRE) and its data standards to support eligibility checks, valuations, margin calculations, collateral optimization, and settlement functions, with a target to go live in Q4 2026.Nadine Chakar, DTCC's Global Head of Digital Assets, stated that the goal is to achieve near real-time collateral management between global markets and blockchain through tokenization and distributed ledger technology, operating 24/7. Chainlink co-founder Sergey Nazarov described collateral management as "the killer application that traditional finance has been waiting for." The platform is designed as a shared infrastructure for collateral providers, recipients, managers, third-party agents, and custodians, rather than a bilateral institutional chain. This collaboration continues the foundation of previous partnerships between the two parties, such as in the Smart NAV pilot project.

JPMorgan Chase will launch its second tokenized money market fund based on Ethereum, named OnChain Liquidity-Token Money Market Fund, with the code JLTXX. The fund will primarily invest in U.S. Treasury securities, as well as overnight repurchase agreements collateralized by U.S. Treasury securities or cash, aiming to meet the qualified reserve asset requirements that stablecoin issuers must maintain under the GENIUS Act.JPMorgan Chase stated that the fund's blockchain technology will be managed by its subsidiary Kinexys Digital Assets. Currently, Ethereum is the only on-chain network available to investors, and there is a possibility of expanding to other blockchains in the future. This is also JPMorgan Chase's second tokenized money market fund on Ethereum following the launch of MONY last year. Compared to MONY, which is more focused on institutional on-chain cash management, JLTXX is more directly aimed at the stablecoin reserve asset scenario.

According to The Defiant, BlackRock has submitted a new tokenized fund filing to the U.S. Securities and Exchange Commission (SEC) and has once again chosen Securitize to provide infrastructure support. Previously, the first tokenized fund BUIDL launched in collaboration with Securitize was successfully issued in 2024, and its asset size has now reached approximately $2.3 billion.

Ondo Finance's official Twitter stated that an increasing number of traditional financial giants have mentioned Ondo's tokenized stock business in their earnings call, indicating that it is gradually becoming an important representative of the tokenization trend in capital markets. Among them, Broadridge CEO Tim Gokey referred to Ondo Global Markets as "the leading provider in this field" during the earnings call in April 2026. Additionally, Franklin Templeton CEO Jenny Johnson also mentioned in a previous earnings call that Ondo Global Markets is an important distribution partner for its tokenized ETF products.Ondo stated that a year ago, traditional financial institutions still regarded "asset tokenization" as a concept under observation, but now, several large financial institution CEOs have begun to see Ondo Global Markets as an important component of future capital market infrastructure.

The regulated securitization trading platform tZERO announced the integration of its tokenized issuance platform into the Aptos network, enabling issuers to directly issue real-world asset (RWA) tokens on this high-performance public chain, further broadening the on-chain path for institutional-grade assets.Aptos is positioned as the underlying network for institutional-grade tokenization infrastructure and is continuously attracting traditional finance and compliant tokenization platforms. Currently, tokenized funds from institutions such as BlackRock and Franklin Templeton are already operating on-chain.With the integration of tZERO, the compliant asset issuance and trading infrastructure on Aptos has been further improved, covering the full chain capabilities from issuance, circulation to settlement.

Genius Group, a Bitcoin treasury company listed on NASDAQ, disclosed that it has made a strategic investment of $5 million in the digital bank Jewel Bank, acquiring a 9.9% stake in the company. It is reported that Jewel Bank is developing a dollar-pegged stablecoin, JUSD, which is planned to be backed by a 1:1 cash and U.S. Treasury reserve, aiming to launch in the second half of 2026. Additionally, it will introduce a real-time settlement system and white-label banking and stablecoin infrastructure services for enterprises. Following this investment, Genius Group will also enter the regulated digital banking and stablecoin issuance sector.

Bernstein reiterated its "Outperform" rating on Figure Technology Solutions (FIGR) and maintained a target price of $67, implying about a 72% upside from the current stock price of $38.97. Figure's Q1 2026 performance was strong: loan issuance reached $2.9 billion, a year-on-year increase of 113%; adjusted revenue was $167 million, a year-on-year increase of 92%, exceeding market expectations by 6%; adjusted EBITDA was $82.7 million, with a profit margin of about 50%, slightly above market expectations. However, the GAAP diluted EPS was $0.18, about 9% below expectations, primarily impacted by $26 million in equity incentive expenses.Bernstein's analysis suggests that this performance should reshape the market's perception of Figure, as it is not a traditional credit company, but rather a "tokenization-driven capital market platform," with core profits coming from network fees and operational leverage, and it maintains a pricing model based on a 25x EBITDA valuation for 2027. Additionally, the tokenization ecosystem continues to expand: the yield-bearing security token YLDS reached $598 million (up 80% quarter-on-quarter); the balance of stock lending products was $368 million (up 79%); and the small business loan segment contributed $6 million in revenue. Figure's current stock price is still not far from the 2025 IPO issue price of $36, but there remains a significant gap from the historical high of $78.

UPBIT will launch trading for Venice Token (VVV) on May 12 at 16:00, supporting KRW, BTC, and USDT markets. Users can deposit within 1 hour and 30 minutes after the announcement is made, and trading support will begin at the specified time.

According to Token Terminal data, the tokenized platform xStocks has surpassed a total market capitalization of 100 million USD on Ethereum, growing by approximately 1000% year-to-date, primarily driven by STRCx.In addition, the asset market capitalization of xStocks on the BNB Chain has separately exceeded 30 million USD, mainly consisting of tokenized commodities such as copper, silver, platinum, and palladium.

Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated on the X platform that Ethereum's supply has been in a "deflationary" state over the past year, and the purchases and staking by Ethereum's crypto treasury company have further amplified this trend.

Ondo Finance announced that its subsidiary Ondo Global Markets has surpassed a total locked value (TVL) of $1 billion, becoming one of the fastest-growing tokenized stock and ETF platforms in the history of on-chain finance. Official data shows that the platform achieved this milestone in less than 8 months and currently holds over 70% of the tokenized stock market share, with a cumulative trading volume exceeding $18 billion and a user base reaching tens of thousands.Ondo Global Markets currently supports over 260 tokenized stocks and ETFs, covering several popular industries such as artificial intelligence, biotechnology, defense, and energy, and has been deployed on multiple public chains including Solana, BNB Chain, and Ethereum. The project team stated that tokenized assets are rapidly expanding into more asset classes, with a growth rate that has surpassed the early stages of stablecoins and tokenized U.S. Treasuries, reflecting a structural change in the way global capital markets are accessed.