Pendle Print #128
🔹TN sits down with Franklin Templeton and Janus Henderson to talk about where RWA has been and where it’s going
🔹PendleLoop is now live, one platform to earn or trade with leverage, including on tokenized stocks
🔹Boros launches Spread Markets, so traders can go long or short the funding rate gap between venues
🔹The Pendle Ecosystem High Yield USDC vault is live on Morpho, with a wider mandate across PT markets for higher yield
🔹New pools: deJAAA (Janus Henderson’s tokenized AAA CLO strategy), FLHYon (Franklin Templeton’s tokenized high yield corporate bond ETF), PPLUS (Bitwise’s leveraged RWA credit vault), GOOGLc and NVDAc, PAXGy (Paxos Labs’ gold-backed token)
Retweeted by @pendle_fi from @pendle_fi
35/100·CLong+5
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meme3h agomeme
@andyyy @EtanBoss @cz_binance @therollupco Let’s gooo
Reply to @andyyy: THE CZ INTERVIEW.
@cz_binance @therollupco
00:00 Intro
00:10 CZ Feeling Good After Ringing NASDAQ Bell
00:46 BNB Chain Dominating Tokenized Assets
02:17 World Needs Access to Onchain Liquidity
03:26 Exporting U.S. Capital Markets
05:13 CZ's Take on Tokenization Pushback
06:28 Future Of Onchain Finance in USA
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news3h agonews
Secondary markets for tokenized funds are expanding on both sides of finance.
DeFi protocols already enable trading of tokens giving exposure to institutional assets. Now regulated venues are opening up too.
Hong Kong just approved 24/7 trading for tokenized public funds.
https://www.scmp.com/business/banking-finance/article/3372176/global-first-hong-kong-opens-secondary-trading-tokenised-public-funds
62/100·B+Long
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meme5h agomeme
Ondo. Securitize. Hamilton Lane. Brevan Howard. KAIO.
Tokenization runs on Sei.
Sei is the blockchain for trading.
Retweeted by @SeiNetwork from @SeiNetwork
35/100·CLong
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meme6h agomeme
From the archives
2017: “Secure, stable and efficient smart contracts coming to Bitcoin.”
2026: Rootstock is the BTCFI layer, unlocking on-chain yield, lending, and asset tokenization, backed by Bitcoin’s proof-of-work. https://x.com/rootstock_io/status/922856477504753665
Retweeted by @rootstockinfra from @rootstock_io
15/100·CNeutral+1
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news6h agonews
Chris Dixon: Why Expand a16z Crypto into a16z Frontier?
On October 23, 2026, a16z Managing Partner Chris Dixon @cdixon said the expansion of a16z Crypto into a16z Frontier reflects the increasingly blurred boundaries between crypto, fintech, Wall Street, and mainstream technology. Stablecoins have become a standard tool for fintech companies, while asset tokenization is growing rapidly.
The team will explore frontier areas that remain underserved by existing investment efforts, continuing its approach of identifying investment opportunities in the second-order effects of technological advances.
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news6h agonews
Hyperliquid Says It Will Support New Deployment Configurations For Permissioned Markets In Upcoming Upgrade To Allow Kraken's CFTC Regulated US Perpetuals
Source: SpaceXAI
72/100·B+Long
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news7h agonews
Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts.
HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.
Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
78/100·ALong+2
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news7h agonews
Another #1 for Ondo.
USDY now leads the tokenized U.S. Treasury market, surpassing $2.37B in total value.
With over 19,500 holders across 10+ blockchains, USDY sets the standard for permissionless, institutional-grade tokenization.
Unlike traditional Treasury products, USDY is designed to move across wallets and participate in onchain markets.
USDY reflects a broader trend. Tokenization is making traditional financial assets more useful, opening up new opportunities across finance.
Billions onchain. Trillions to come.
72/100·B+Long+2
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twitter7h agomeme
@BSCNews 🫡 🪶
Reply to @BSCNews: What is Plume Network Trying to Bring Onchain?
From real estate to private credit, Plume Network (@plumenetwork) $PLUME is building infrastructure designed to bring real-world financial assets onto the blockchain.
The idea isto make assets that have traditionally been difficult to access, trade, or manage available through blockchain-based financial products.
But what does that actually mean?
(1) It starts with real-world assets (RWAs).
These are assets that exist outside crypto, including property, private credit, and other financial instruments.
Plume aims to connect these assets to onchain markets, where ownership and transactions can be represented through tokens.
(2) Property is only part of the picture.
Real estate has become a familiar example of tokenization, but Plume’s broader focus extends to private credit and other income-generating assets.
Private credit involves loans made outside traditional public bond markets, often to businesses. In October 2026, Plume launched a vault giving exposure to Fidelity’s Total Bond ETF.
(3) The goal is to make these assets usable in DeFi.
Tokenizing an asset is only one step. Plume is designed to support infrastructure that allows tokenized real-world assets to connect with blockchain applications, potentially enabling investors to use them in onchain financial strategies.
Its Nest vaults, which package RWA yield, now run on chains including Ethereum (@ethereum) $ETH, Solana (@solana) $SOL, and Monad (@monad) $MON.
(4) Access does not mean risk disappears.
Real-world assets still depend on legal agreements, asset managers, borrowers, and the quality of the underlying investments.
Tokenization does not automatically make an asset liquid, guarantee returns, or remove credit risk.
In October 2025, Plume registered with the SEC as a transfer agent, which lets it keep shareholder records onchain.
10/100·CNeutral+6
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meme8h agomeme
.@maplefinance runs syrupUSDC at $798 million across 3,241 holders and syrupUSDT at $239 million on Ethereum, per https://rwa.xyz.
Maple holds about $1.04 billion on the chain. syrupUSDC is also among the larger RWA collateral assets on @Morpho, per Morpho Watch. https://x.com/rwafoundation_/status/2114728977604411539
Retweeted by @maplefinance from @RWAFoundation_
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meme8h agomeme
@tokenterminal @StaniKulechov @brian_armstrong @jessepollak Higher
Reply to @tokenterminal: Over $10M in Coinbase-issued tokenized stocks deposited into Aave v4 on Base, up 514.5% over the past 30 days
GOOGLc leads with $3.8M, followed by NVDAc ($3.0M) & METAc ($1.8M)
Users increasingly put their stock holdings to work as collateral in DeFi
72/100·B+Long
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meme8h agomeme
The OCC's GENIUS rules close the door on stablecoin issuers passing yield to users.
Tokenized deposits? Wide open.
Exactly what the bank lobby wanted.
Here's what that means for the stablecoin vs. bank fight:
72/100·B+Short+3
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meme8h agomeme
The rails already run corporate actions today. In August 2026, @Equiniti and @Bullish completed a dividend for Elemental Royalty Corp. in which eligible holders could elect to receive payout in Tether Gold.
The shares were not tokenized, but the on-register mechanism is the one this extends to shares.
Reply to @CoinDesk: Today a single trade threads through brokers, clearinghouses, depositories, custodians, and transfer agents before ownership updates, on a T+1 cycle.
Issuer-sponsored tokenization collapses that: the operational burden sits with the transfer agent, so for a company already using one it is an extension of the existing relationship, not a new build.
62/100·B+Long+1
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meme8h agomeme
$BLSH, @Bullish's own listed equity, is the first working example, and the first time a NYSE-listed company has placed its entire capitalization table onchain.
Issued on @Solana as the share itself, it ran live at Consensus Miami 2026, where CEO @ThomasFarley moved $BLSH…
Reply to @CoinDesk: RESEARCH: For an issuer, the path to tokenized equity starts with a party they already rely on: the transfer agent that maintains the shareholder register, @Equiniti in @Bullish's case.
Issuer-sponsored tokenization does not remove that role, it moves the register onchain and keeps the token equal to the share.
62/100·B+Long
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meme9h agomeme
98% of Mayan swaps into tokenized stocks land on @Solana, adding up to a 5x increase from last year's total.
Solana via Mayan, by the numbers.
Retweeted by @solana from @mayan
72/100·B+Long
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news9h agonews
THE BLOCK: Bernstein is forecasting that prediction markets and tokenization will drive growth for crypto stocks as spot trading softens.
The firm cut Coinbase’s price target to $250 from $330, but raised Circle's to $145 from $140 and sees Robinhood’s prediction-market revenue overtaking its crypto revenue by 2028.
$COIN $CRCL $HOOD
72/100·B+Long+5
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meme9h agomeme
Plume Vaults are now available on Robinhood Chain, which handled $99B+ in DEX volume in its first 100 days.
Vaults like nOPAL and FACTOR bring yield from credit card receivables and invoice financing to holders on @RobinhoodCrypto's chain.
Deposit USDC, pick a vault, and hold a live position on Robinhood Chain in a few steps.
Quoted @plumenetwork: Plume engineer @0xhotwheels walks through a full USDC deposit into Plume Vaults, from researching and selecting a vault to holding a live position on @RobinhoodCrypto chain.
That simple flow is part of how Plume reached $1B+ in total assets minted and $250M+ in RWA TVL.
Get started today: https://app.plume.org/vaults?utm_source=x&utm_medium=social&utm_campaign=vaults&utm_content=deposit_walkthrough(Historical earnings: For 2026Q1 (period ended 2026-03-31), Robinhood reported basic EPS of 0.39, diluted EPS of 0.38, net income of USD 0.350 billion, and revenue of USD 1.067 billion, versus basic EPS of 0.38, diluted EPS of 0.37, net income of USD 0.336 billion, and revenue of USD 0.927 billion in the prior-year period. For full-year 2025 (period ended 2025-12-31), basic EPS was 2.12, diluted EPS was 2.05, net income was USD 1.883 billion, and revenue was USD 4.473 billion.
Consensus expectations: Consensus for 2026Q3 (event date 2026-10-27) expects EPS of 0.5548 and revenue of USD 1.431 billion.)
72/100·B+Long+3
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news9h agonews
CROWDFUNDINSIDER: JPMorgan Asset Management Makes Tokenized Money Market Funds Available on Solana