Ondo Finance Launches Tokenized SpaceX Shares Across Solana, Ethereum, and BNB Chain
Ondo Finance has listed SPCXon, a tokenized asset tied to SpaceX stock exposure, on Ondo Global Markets as SpaceX began public trading. The launch brings one of the market’s most closely watched IPOs into onchain infrastructure through a product designed to track the economic performance of the underlying shares.
XRP Ledger Pilot Links Treasury Redemption to Bank Settlement
The XRP Ledger processed the asset leg of a pilot tokenized U.S. Treasury redemption in under five seconds, triggering a coordinated fiat settlement through Mastercard’s Multi-Token Network and J.P. Morgan’s Kinexys. The test connected public-ledger finality with correspondent banking settlement, showing how institutional tokenized assets could move through a near-real-time, end-to-end redemption flow.
BlackRock, Ondo, and BUIDL dominate RWAs: Does this signal the end of “decentralized” crypto or its inevitable maturation?
The RWA boom is forcing crypto to confront a contradiction it avoided during easier cycles: real-world assets need real-world gatekeepers. RWA.xyz shows $26.71 billion in distributed asset value across tokenized real-world assets, while tokenized U.S. Treasuries alone sit near $10 billion with 59,004 holders. BlackRock’s BUIDL, issued through Securitize, and Ondo’s Treasury-linked products have become […]