The last four weeks may prove to be one of the most important periods yet for real-world asset tokenisation.
For several years, the global conversation has focused on whether traditional assets could be tokenised.
In September 2026, that conversation has changed.
The world’s financial infrastructure is increasingly being redesigned to trade, distribute and settle tokenised assets at scale.
Wall Street Opens Further to Tokenised Equities
On 17 September, the U.S. Securities and Exchange Commission issued a five-year temporary Innovation Exemption enabling qualifying Tokenized Securities Venues to trade tokenised U.S. listed shares through permissioned automated market makers and liquidity pools.
Importantly, these aren’t simply synthetic products tracking a share price. Qualifying tokenised shares must provide holders with the same rights and privileges as the equivalent traditional shares.
This represents an important step towards connecting blockchain markets directly with mainstream equity markets.
DTCC Connects Tokenised Funds to Traditional Distribution
Just one day earlier, another significant piece of infrastructure fell into place.
Ondo Finance subsidiary Oasis Pro Markets became the first tokenisation company to join DTCC’s Fund/SERV network.
Why does this matter?
Fund/SERV sits at the heart of U.S. fund distribution and processes transactions for more than 85% of the U.S. mutual fund market.
Rather than tokenised funds existing within a parallel digital ecosystem, infrastructure is now being established to connect them with traditional fund companies, wealth platforms and financial-service providers.
That interoperability is fundamental to achieving genuine scale.
Europe Brings Central Bank Money Into Tokenised Markets
Then came another major development.
On 21 September, the Eurosystem launched Pontes, enabling wholesale tokenised asset transactions to settle using central bank money.
This addresses one of the most important pieces of the tokenisation puzzle.
Creating a digital representation of an asset is one thing.
Building the infrastructure that allows institutions to issue, trade and settle those assets using trusted digital money is something considerably bigger.
The ECB has gone one step further and announced preparations to invest part of its own funds into tokenised securities, with those transactions expected to settle through Pontes.
The RWA Market Is Scaling With It
Against this institutional backdrop, the underlying RWA market continues to expand rapidly.
Recent industry research puts tokenised RWA assets at more than US$34 billion, while the broader RWA.xyz dataset we follow now records:
- US$38.66 billion — Distributed Asset Value
- US$264.86 billion — Represented Asset Value
- 3.17 million — Total Asset Holders
- US$302.70 billion — Total Stablecoin Value
- 284.62 million — Total Stablecoin Holders
Perhaps even more significant than today’s market size is how small tokenisation remains relative to the enormous traditional asset markets it can potentially address.
We are still early.
From Tokenising Assets to Tokenising Markets
For us at BT Asset Hub, this is the most important takeaway from the last month.
The industry is no longer simply asking:
“What assets can we tokenise?”
The question is rapidly becoming:
“How do we build global financial markets around tokenised assets?”
That means distribution. Liquidity. Settlement. Digital cash. Compliance. Custody. Interoperability. Secondary markets.
These are exactly the foundations required for real-world asset tokenisation to move from an emerging investment category into mainstream financial infrastructure.
And it is why the developments of the past month are so significant.
BT Asset Hub was built with this global transition in mind.
We are also proud to contribute BT Asset Hub market data to RWA.xyz, ensuring activity generated through our ecosystem contributes to the global picture of this rapidly developing market.
After years spent building the technology, compliance frameworks, investment structures and operational infrastructure behind the platform, the global financial environment around us is now accelerating.
“What excites me most isn’t simply the growth in the value of tokenised assets. It is that the infrastructure required to create genuine global tokenised markets is now being built around them. That is when scale becomes possible.”
— Caroline Macdonald, CEO, Black Tie Holdings
The Next Phase Has Arrived
And that makes what comes next particularly exciting.
2027 is shaping up to be a very big year for real-world assets.