#OpenDigest | 22 May 2026

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $322.919B
→Total RWA on-chain market cap: $34.02B
→Total stablecoin holders: 256.61M
→Total RWA assets holders: 801,499

🟣 Top Headlines
→ Company announcements by crypto companies on their first-quarter earnings showed an urgency to prove they can generate steady revenue even when crypto prices and trading volumes are in a slump.
→ Standard Chartered estimated that tokenized assets on public blockchains could reach $4 trillion by the end of 2028, evenly split between stablecoins and tokenized real-world assets (RWA) such as bonds and funds.
→ Bank of England's Deputy Governor for Financial Stability said the central bank will focus its future strategy on tokenization to modernize finance in the UK, including the use of tokenized deposits and stablecoins in their retail payment system.
→ The total RWA market cap has surpassed $65 billion, up roughly 44% from $45 billion at the start of the year, with Ethereum holding approximately 33% of the RWA market cap.

🟣 OpenEden's Updates
→ At Unchained Summit, our Co-Founder & CTO, Duke Du, will join a panel to discuss real-world assets in Asia, institutional demand, and the next wave of on-chain markets.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2057756625763782729?s=20

BCG dropped a new report "The Future of Digital Assets" and notes that the long-term opportunity for the industry lies in how money, assets, and settlement can become programmable.

For institutions, tokenized Treasuries and money-market instruments are the logical starting point.

Familiar assets. Clear utility. Better capital movement.

https://www.bcg.com/publications/2026/the-future-of-digital-assets-in-finance

https://x.com/OpenEden_X/status/2057794231150985331?s=20

As more financial assets move on-chain, the question is what will scale first with institutional capital.

At The Capital Summit during Consensus Miami Week, our Head of Americas, Nathan Paitchel, shared why tokenized credit has a clearer near-term path as compared to tokenized equities.

https://x.com/OpenEden_X/status/2058863117732622508?s=20

TBILL and xPRISM are now accepted as collateral on Zharta.

Holders can borrow against their yield-bearing assets at fixed rates, with fixed-maturity or perpetual loan structures.

Carry trades, leveraged strategies, on predictable terms.

https://x.com/OpenEden_X/status/2059258283500937583?s=20

Institutional forecasts for tokenized assets all point in the same direction: the next four years will see the market turn conviction into infrastructure.

Regulated issuance, credible custody, transparent backing, and real utility will decide what scales.

https://x.com/OpenEden_X/status/2059943419431293319?s=20

"𝗚𝗿𝗮𝘀𝘀𝗿𝗼𝗼𝘁𝘀 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗰𝗿𝗲𝗮𝘁𝗲𝘀 𝘂𝘀𝗲𝗿𝘀. 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗰𝗿𝗲𝗮𝘁𝗲𝘀 𝗺𝗮𝗿𝗸𝗲𝘁𝘀."

Our Co-Founder and CTO, Duke Du, speaking at Unchained Summit's RWA panel on what it takes to translate Asia's crypto demand into institutional RWA flows.

https://x.com/OpenEden_X/status/2059954820396789786?s=20

#OpenDigest | 29 May 2026

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse

→Total stablecoin market cap: $320.792B 
→Total RWA on-chain market cap: $33.65B 
→Total stablecoin holders: 259.32M 
→Total RWA assets holders: 824,335 

🟣 Top Headlines

→ The total market value of stablecoins has reached a record $322 billion, surpassing the foreign exchange reserves of 95 countries, including developed economies like the United Kingdom and Canada.
→ According to the chief commercial officer at STBL, the Clarity Act’s biggest outcome may be the creation of an entirely new market for “yield-as-a-service” through active and compliant yield-generation strategies. 
→ Dragonfly’s General Partner believes that stablecoin adoption will pick up in Asia as cross-border blockchain payments gain traction.
→ The Bank for International Settlements said a tokenization prototype under its Project Agorá initiative has demonstrated the possibility of atomic settlement in wholesale cross-border transactions.

🟣 OpenEden's Updates

→ TBILL and xPRISM are now accepted as collateral on Zharta. Holders can borrow against their yield-bearing assets at fixed rates, with fixed-maturity or perpetual loan structures. 
→ Our Co-Founder and CTO, Duke Du, was speaking at Unchained Summit's RWA panel on what it takes to translate Asia's crypto demand into institutional RWA flows.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2060284804474745208?s=20

The tokenized asset market was $17 billion in April 2026. Citi Institute projects it reaching $5.5 trillion by 2030.

The leading asset class: US Treasuries.

According to Citi's forecast, 10% of the US Treasuries market will be tokenized by 2030, at roughly $800 billion.

A separate tailwind: stablecoin growth alone is projected to generate around $1 trillion of incremental demand for US Treasuries as issuers hold short-duration government securities as reserves.

TBILL, rated AA+/S1+ by S&P Global, with BNY as investment manager and custodian, is already operating in this market.

https://www.citigroup.com/global/insights/tokenization-2030

https://x.com/OpenEden_X/status/2061752685553213558?s=20

New research from Apex Group found that access is the dominant driver of tokenization, with asset managers citing a broader investor base as the primary objective.

But access is only the first layer. The harder part is building tokenized assets that institutions can trust, hold, verify, and use across existing workflows.

That is what turns tokenized products into financial infrastructure.

https://www.apexgroup.com/insights/tokenisation-gaining-altitude-new-research-finds-half-of-asset-managers-have-deployed-tokenisation-as-investor-access-drives-adoption/

https://x.com/OpenEden_X/status/2062523426800341442

#OpenDigest | 5 June 2026

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse

→Total stablecoin market cap: $317.28B 
→Total RWA on-chain market cap: $31.26B 
→Total stablecoin holders: 262.01M 
→Total RWA assets holders: 849,273 

🟣 Top Headlines

→ JPMorgan, Citi and more US banks plan to launch a tokenized deposit network in early 2027 to enable tokenized deposits to move instantly and support around-the-clock settlement.
→ Citi Institute has estimated that the global tokenized asset market will reach $5.5 trillion by 2030, compared to approximately $17 billion. 
→ Hong Kong expands digital asset ecosystem with tokenization push and $2 billion in government bonds. The city's tokenized product market has grown sevenfold to $1.4 billion in assets under management as regulators open secondary trading on licensed platforms.
→ Major financial institutions and fintech firms in South Korea are exploring partnerships to gain an early foothold ahead of the possible introduction of won-pegged stablecoins.

🟣 OpenEden's Updates

→ Congratulations to Chainlink on 7 years of building a foundational infrastructure for on-chain markets. We’re proud to work with Chainlink as we build a more transparent and robust RWA ecosystem.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2062794888085717138?s=20

RWAs were one of the standout growth drivers on BNB Chain in Q1 2026, with on-chain supply reaching $3.6B as institutional participation continued to grow.

OpenEden is proud to be part of the BNB Chain RWA ecosystem, contributing USDO and cUSDO to its growing landscape of tokenized assets.

More to come.

https://x.com/OpenEden_X/status/2063937275470434460?s=20

RWAs continue to reach new highs even as broader crypto markets pull back.

According to Binance Research, tokenized RWAs have grown 589% since early 2025, and "2026 marks RWA tokenisation's maturation from a treasury-dominated narrative into a diversified yield ecosystem."

On-chain capital follows utility and is increasingly moving toward capital efficient assets rather than unproductive ones.

At OpenEden, that is what we are building: regulated tokenized assets with institutional structure, real yield, and on-chain use cases.

https://www.binance.com/en/research/analysis/monthly-market-insights-2026-06

https://x.com/OpenEden_X/status/2064688477330133366

Tokenized RWAs have now surpassed $31B, marking an 11th consecutive monthly all-time high.

At some point, a trend becomes a market.

And we are building the foundation for an on-chain capital market.

Tokenize global finance.

https://x.com/OpenEden_X/status/2064897420119748952?s=20

#OpenDigest | 12 June 2026

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse

→Total stablecoin market cap: $315.759B 
→Total RWA on-chain market cap: $33.24B 
→Total stablecoin holders: 264.90M 
→Total RWA assets holders: 903,087 

🟣 Top Headlines

→ Visa has announced plans for tokenized deposits and new token assurance features designed to support AI-driven and programmable commerce.
→ The Hong Kong Monetary Authority (HKMA) announced the formation of an expert group, including J.P. Morgan Securities, HSBC, Standard Chartered, and UBS, to advance the development of tokenized bonds.
→ ABRA's CEO Bill Barhydt is betting that tokenized yield products and on-chain lending will drive the next phase of crypto wealth management.
→ Bitwise CIO Matthew Hougan said financial advisors are now showing more interest in stablecoins and tokenization than bitcoin, based on meetings with more than 40 advisors this week. 
→ Japan's three largest banks, Mitsubishi UFJ Financial Group, Sumitomo ⁠Mitsui Financial Group and Mizuho Financial Group, will jointly issue stablecoins during the current fiscal year ending in March ‌2027.

🟣 OpenEden's Updates

→ OpenEden is proud to be part of the BNB Chain RWA ecosystem, contributing USDO and cUSDO to its growing landscape of tokenized assets.
→ OpenEden is hiring for an IT Security Lead with Web3 experience to help secure our cloud infrastructure, internal systems, and digital asset operations.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2065398019265290308?s=20

Stablecoins have scaled as digital cash. The next step is for them to scale as productive capital.

Of the $300B+ in stablecoin supply today, only around $4.6B is yield-bearing.

As stablecoins become a larger part of how digital dollars are held and moved, idle balances are becoming harder to justify.

But yield alone is not enough. Structure matters.

USDO, is a yield-bearing stablecoin issued by OpenEden Digital, a bankruptcy-remote segregated accounts company licensed under the Bermuda Monetary Authority’s DABA framework. It is backed by tokenized US Treasuries and distributes yield through a rebasing mechanism while maintaining a 1:1 USD peg.

Stablecoins should not just move capital. They should make capital work reliably.

https://x.com/OpenEden_X/status/2066882466653306986?s=20

The tokenized economy is creating a reinforcing loop between RWAs and stablecoins.

RWAs need stablecoins to move, settle, and unlock liquidity. Stablecoins need RWAs to turn idle digital dollars into productive capital.

As this loop strengthens, the market will need more than token issuance.

It will need regulated and capital-efficient assets, custody, compliance, settlement, and on-chain utility to work together in practice.

That is what will define tokenization at an institutional scale.

https://www.ibm.com/thought-leadership/institute-business-value/report/2026-banking-financial-markets-outlook

https://x.com/OpenEden_X/status/2067508629075619989?s=20

#OpenDigest | 19 June 2026

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse

→Total stablecoin market cap: $315.195B
→Total RWA on-chain market cap: $32.33B
→Total stablecoin holders: 265.82M
→Total RWA assets holders: 927,966

🟣 Top Headlines

→ South Korea’s finance ministry said it views tokenized stocks as securities rather than virtual assets, with taxation possible if the FSC adopts the same interpretation.
→ The Federal Reserve rolled out a rule proposal requiring stablecoin issuers to have a program in place to identify customers to combat illicit finance.
→ Coinbase announced its plans to introduce tokenized stocks backed one-for-one by underlying US equities, joining the growing competition among crypto firms and traditional financial companies to bring stocks onto blockchain networks.

🟣 OpenEden's Updates

→ Our Co-Founder and CTO, Duke Du, shared his experience speaking at Unchained Summit's RWA panel, diving into where institutional demand actually sits, and which asset class breaks out after Treasuries.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2067952128925249938?s=20

Tokenized RWAs have grown 40% YTD while the broader crypto market fell 20%.

The asset mix explains why.

Private credit and US Treasuries make up the majority of tokenized assets today, both defined by transparent cash flows, familiar risk profiles, and regulated structures.

Institutional adoption is driven by asset fundamentals, not crypto market cycles. And tokenization scales where it has real utility.

https://www.theblock.co/post/405578/tokenized-rwa-market-cap-rises-51-billion-industry-races-define-equity-tokenization-model-bernstein

Tokenized RWAs sit at $32.2B today, about 0.005% of global assets.

BCG projects the market reaches $16T by 2030.

The gap between those two numbers is where the opportunity lies.

https://x.com/OpenEden_X/status/2070177872829141293?s=20

#OpenDigest | 26 June 2026

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse

→Total stablecoin market cap: $314.258B
→Total RWA on-chain market cap: $31.46B
→Total stablecoin holders: 268.36M
→Total RWA assets holders: 943,234

🟣 Top Headlines

→ Fed Governor Christopher Waller said stablecoins and tokenized assets are creating new dollar channels outside the banking system, and that stablecoins "have the potential to maintain and extend" the dollar's global reach.
→ Tokenized real-world assets have crossed $51 billion in market cap, up 40% year-to-date, even as the broader crypto market has lost roughly a fifth of its value over the same period, according to Bernstein.
→ BNY’s global head of exchange-traded funds (ETFs), Ben Slavin said that 'FOMO' is driving asset managers into tokenized funds to gain an early foothold in tokenized finance.
→ Ripple's latest Impact Report reveals that tokenized assets on the XRP Ledger have surged by 2,200%, increasing from $24.7 million at the beginning of 2025 to $568 million by year-end.
→ The Philippine Securities and Exchange Commission (SEC) has shown its interest in the RWA market and signalled that regulators already have the legal foundation needed to support RWA tokenization.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2070489557733437796?s=20

HYBOND is now listed on EX.IO's RWA Market and available to professional investors in Hong Kong.

The listing brings HYBOND into a regulated third-party marketplace. Now, investors can have 1:1 tokenized exposure to the BNY Mellon Global Short-Dated High Yield Bond Fund through an SFC-licensed VATP.

Tokenized fixed income scales when issuance is matched with regulated distribution.

https://x.com/OpenEden_X/status/2071527325045502152