Breakout Week For Tokenization: Banks, Regulators, & Big Tech Push RWA

Key Insights:

• Tokenized real-world assets (RWAs) have surpassed $60 billion across more than 7,000 products, while token holders crossed one million for the first time.
• BNY, Samsung, Ondo Finance, and regulators in the U.S. and UK announced major initiatives.
• The week's developments show that tokenization is moving beyond crypto into traditional financial infrastructure.

The final week of July marked one of the biggest milestones yet for the tokenization industry. Within days, major banks, regulators, fintech firms, and technology companies revealed initiatives that pushed blockchain based real-world assets (RWAs) further into mainstream finance.

Together, the developments suggest tokenization is evolving from pilot projects into financial infrastructure.

Tokenized Assets Reach a New Milestone

According to RWA.xyz, the value of on-chain tokenized real-world assets climbed to around $36.89 billion, while overall estimates that include permissioned and less liquid products place the total tokenized market at more than $60 billion.

The industry also crossed another major milestone as the number of tokenized asset holders exceeded 1.36 million for the first time across more than 7,000 tokenized products.

Much of the recent growth has been driven by tokenized stocks and U.S.

BNY Brings Traditional Finance Closer to 24/7 Settlement

One of the week's most significant announcements came from BNY, the world's largest custody bank. The bank revealed plans to support 24/7 settlement for both conventional and tokenized U.S. Treasuries by 2027, a major step toward always-on financial markets.

The announcement followed a successful after-hours transaction involving the reserves backing Ripple's RLUSD and OpenEden's USDO stablecoins through Tradeweb, even after the Federal Reserve's securities settlement system had closed for the day.

Although the Treasuries involved were not yet tokenized, the test demonstrated how blockchain infrastructure could extend trading and settlement beyond traditional market hours.

BNY also plans to begin testing tokenized Treasury settlements on a private blockchain later this year before expanding coverage across Asian, European, and U.S. trading sessions.

Regulators Clear the Path for Tokenized Securities

The U.S. Treasury and UK Treasury jointly released a roadmap through the Transatlantic Taskforce for the Markets of the Future, outlining a coordinated approach for stablecoins and tokenized assets.

The framework calls on regulators, including the SEC, CFTC, Bank of England, and Financial Conduct Authority (FCA), to develop consistent rules governing custody, reserve segregation, consumer protection, and cross-border capital formation.

At the same time, Ondo Finance's SEC registered broker dealer subsidiary, Oasis Pro Markets, received FINRA authorization to offer tokenized equities and investment funds to both retail and institutional investors in the United States.

The approval allows Oasis Pro to support primary offerings, secondary trading, private placements, and omnibus account structures under existing U.S. securities regulations.

Samsung Wallet to Add Stablecoin Support

Beyond financial institutions, one of the world's largest technology companies Samsung announced plans to integrate native stablecoin support into Samsung Wallet, during Galaxy Unpacked 2026.

Although the company has not disclosed which stablecoin issuer it will support or an official launch date, the move could expose blockchain-based payments to hundreds of millions of smartphone users.

Samsung shipped approximately 241 million Galaxy smartphones last year, giving its wallet ecosystem a distribution network far larger than most crypto native applications.

Combined with the launch of the new Samsung Galaxy Card, the announcement highlights how stablecoins are increasingly being viewed as part of mainstream consumer finance rather than a niche crypto product.

Why This Week Matters for the Future of Tokenization and RWAs

Rather than focusing solely on crypto trading, the industry is increasingly using blockchain to improve how traditional financial assets are issued, settled, and transferred.

With tokenized assets already exceeding $60 billion and institutional participation accelerating, this week's developments may be remembered as one of the clearest signal that real world asset tokenization is moving from experimentation to large scale adoption.