Wall Street Tokenization Outpaces Rules as BlackRock, IBM Push Onchain
- —Ondo launched three tokenized portfolios based on BlackRock strategies for eligible non-U.S. investors
- —IBM linked banks to Swift's ledger, with 17 first movers piloting tokenized deposits
- —Swift's network spans about 12,500 financial institutions across more than 200 markets
- —The SEC introduced a five-year Innovation Exemption for tokenized stock trading via permissioned AMMs
Why it matters: Wall Street tokenization is advancing faster than regulation, intensifying the race between the U.S. and Europe to host onchain market infrastructure.
Source: Crypto News Flash