The last few weeks have delivered some of the most significant institutional developments yet for real-world asset tokenisation.
For years, the focus was on bringing real-world assets on-chain. Now the conversation is shifting to something much bigger: How will tokenised assets be traded, transferred, financed and settled at global scale?
1. Wall Street Moves Closer to Tokenised Equities
The U.S. SEC has created a regulatory pathway for qualifying tokenised securities venues. More significantly, a joint venture involving Intercontinental Exchange (ICE), owner of the New York Stock Exchange, and OKX has filed with the SEC seeking to establish a tokenised securities venue offering around-the-clock trading of U.S. equities.
Traditional exchanges and blockchain markets are beginning to converge.
2. DTCC Connects Tokenisation With Fund Distribution
DTCC has admitted its first tokenisation participant to Fund/SERV, infrastructure supporting more than 85% of U.S. mutual-fund transaction activity. This follows DTCC’s work tokenising securities and testing them across Treasury repo, equities, securities lending and collateral workflows.
The next RWA challenge isn’t simply issuance – it is connecting tokenised products with mainstream financial distribution.
3. Chainlink Fulcrum Makes Tokenised Assets Financeable
Chainlink Fulcrum could represent an important next step for RWA. It is designed to support institutional financing involving tokenised assets across different blockchain environments.
Tokenise → Collateralise → Finance → Release Liquidity
The ability to put tokenised assets to work could dramatically increase their utility within global capital markets.
4. Chainlink CCIP 2.0 Tackles Interoperability
The future of finance won’t exist on a single blockchain. Chainlink CCIP 2.0 is designed to allow assets, data and transaction instructions to move securely between different blockchain environments while supporting institutional controls.
As banks and asset managers adopt different public and private networks, interoperability could become as important as tokenisation itself.
5. Swift Builds the Digital Cash Rail
Swift is progressing blockchain infrastructure supporting 24/7 cross-border payments using tokenised commercial-bank deposits, initially involving banks across six continents. This addresses another critical component of tokenised markets: the cash side of the transaction.
Combine tokenised assets with tokenised deposits, stablecoins and interoperable networks and the foundations of a new digital financial system begin to emerge.
The Bigger Picture
SEC – Regulation
DTCC – Tokenisation & Distribution
Chainlink CCIP – Interoperability
Chainlink Fulcrum – Collateral & Financing
Swift – Digital Money & Settlement
These aren’t five unrelated announcements. They are pieces of a new financial-market infrastructure beginning to connect.
The question is no longer simply: “What can we tokenise?” It is becoming: “How will global tokenised financial markets operate?”
Where BT Asset Hub Fits
This is why the developments of the past few weeks are particularly exciting for BT Asset Hub. As at August 2026, BT Asset Hub has 10 fully listed token offerings with approximately US$1.12 billion in combined on-chain activity, while also contributing RWA market data to RWA.xyz.
After years spent developing the technology, compliance frameworks and asset structures required to bring real-world assets on-chain, our focus is increasingly turning towards the next phase: interoperability, liquidity, collateralisation, financing and settlement.
With Chainlink as our partner, BT Asset Hub is well positioned to explore how Chainlink’s expanding institutional infrastructure – including CCIP and the ecosystem developing around tokenised finance – can complement the foundations already built within the Hub.
The first era of RWA was about tokenising assets.
The next era will be about connecting them to the world.