DeFi· ★★★· bullish·

Tokenization moves from issuance to utility as DTCC, ECB and JPMorgan go live

  • —DTCC ran production transactions with tokenized securities, including repo, collateral and margin
  • —Eurosystem's Pontes service settles tokenized assets in central bank money
  • —JPMorgan's Kinexys has processed over $3 trillion, averaging $7 billion daily
  • —RWA deposits in DeFi reached $7.4 billion as RWA spot trading rose about 220%
Why it matters: Tokenization is now in production, but fragmented ledgers and bridge risks could limit liquidity and security at scale.
Source: CoinGeek