The onchain vault landscape keeps expanding. @Vault_St's new CARRY combines RWAs and delta-neutral strategies, including USCC, @Bitwise's crypto cash-and-carry fund tokenized by Superstate. Another use case for tokenized funds in onchain portfolios.

A stock onchain should still be a stock. @redstone_defi gets to the core of it: “blockchain is the stock registry.” And stocks tokenized through Superstate “are, in fact, stocks themselves,” with all the underlying rights. Read the full new report:

Yesterday @redstone_defi hosted The Tokenization Table, the inaugural event of the new blockchain vertical at the @NYTechAlliance. This was meant to be a hyperfocused gathering of professionals in onchain finance, bringing together ~50 senior leaders from both TradFi and DeFi in an effort to build a strong community around tokenization and onchain financial use cases. What we're working toward: • Solving the remaining challenges holding tokenization back that need industry-wide solutions • Expanding education and adoption to retail and commercial users • Creating a recurring, yet high-quality gathering for people building onchain. This can include workshops, open and closed events, online educational material, and more. The evening included: • Kicking off with a fireside chat with our surprise guest, Robert Leshner (@rleshner), CEO of @SuperstateInc • We set the table through a presentation on The State of Tokenization which also pointed out remaining gaps • A panel featuring Chris Brodersen @cpbrodersen (@EisnerAmper Advisory Group), Ruben Khadiullin @RKhadi (@Cordaxyz), and @DavidWysoki1 (Wall Street Blockchain Alliance @WallStreetBTC) covering a wide breadth of topics thanks to their various areas of expertise • Networking over wine and canapés Thank you to all our speakers for sharing your POV across different areas of expertise. We covered topics around compliance, unlocking new financial workflows, velocity over volume, liquidity fragmentation, and another key takeaway (credit to Chris Brodersen): getting more grownups in the room which is what we’re looking to do with The Tokenization Table. 🧵👇

The SEC’s new Innovation Exemption lets tokenized US securities from @SuperstateInc, @Securitize, and @WisdomTreeFunds trade onchain via allowlists. One CoinList account gets you onto multiple allowlists. Join the Superstate waitlist👇

The future of RWAs isn’t just 1,000 tokenized versions of the same Treasury fund. It’s differentiated investment products built onchain. @ValinorDigital's VBDC is one example. We’re expanding what Wall Street can build.

Tokenization is at an inflection point, mirroring where stocks were decades ago. The unlock then? Better distribution. At @token2049, @hiltnerjim will lay out how tokenization is approaching a similar breakthrough. 📍 Bit Digital Stage, Level 5 🗓 Oct. 7, 5:15 PM

There’s no question tokenization will be core financial market infrastructure. It’s just a question on how and when the world will access it. Traditional finance took decades to establish electronic distribution. Tokenization will compress that timeline into years.

Wall Street is moving onchain. The question for broker-dealers isn’t whether the rails will change. It’s what they’ll own when they do. Execution. Custody. Settlement. Distribution. Customer access. The onchain opportunity is growing:

Tokenization is bringing assets onchain. Now capital must find and use them. Vaults are emerging as a key distribution layer, and institutional experimentation is catching up. Why vaults are next:

The future is onchain. The SEC’s Innovation Exemption clears a path for tokenized equities where the onchain security is the actual share. “A defined U.S. route for trading real tokenized stocks on public blockchains.” @CoinDesk on what changes:

4/ None of this happened overnight. We built allowlisting, pre-settlement transfer checks, and recordkeeping tracking real ownership as shares move through AMM pools. That infrastructure is ready. Very soon, we’ll turn it on.

This is a big deal. The @SECGov is providing relief to allow natively-issued, permissioned tokenized equities to trade on AMMs and liquidity pools. @SuperstateInc we've been building towards the future where all securities come onchain and this is a huge unlock to enable regulated securities to be accessible through onchain venues.

Private credit has evolved. Meet VBDC. @ValinorDigital's VBDC is now onchain. Same private credit exposure, now open to qualified investors with daily liquidity. Learn more:

The Clarity Act failing today makes everybody a loser, all because partisan jockeying beat out common sense: The lines between tokens and securities are no more clear. Entrepreneurs will still prefer to build and raise capital offshore. Investors will receive no more information, or protections. Developers have no additional safeguards for decentralized systems. Banks are stuck with stablecoins able to pay rewards (yield). There are zero ethical guardrails for government employees and crypto. The list goes on. But mostly I just feel for the countless folks in the industry and across the House and Senate (of both parties) that worked on this for so long, and the light of American leadership dimming just a tad. Onwards