#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

Credit vs. equity: which scales faster on-chain?

The full video of our Head of Americas, Nathan Paitchel's panel at The Capital Summit during Consensus Miami week is now live.

Watch it here: https://www.youtube.com/watch?v=jVGvc_lW3so

https://x.com/OpenEden_X/status/2071568622829613317?s=20

For tokenization to succeed, BlackRock COO Rob Goldstein shared that people need access to tokenized capital market instruments to build long-term portfolios, not just digital assets.

That means on-chain access to instruments across different risk, yield, and liquidity profiles. The broader solution Goldstein described is being built at OpenEden.

TBILL for tokenized Treasuries, HYBOND for short-dated high-yield credit, PRISM for multi-strategy yield.

https://www.youtube.com/watch?v=jTiWpAkTyz0

https://x.com/OpenEden_X/status/2071917548774523124?s=20

"Tokenization is infrastructure, not an investment thesis."

In his latest interview with RWA Week, Jeremy Ng, our Founder and CEO, shared why tokenized Treasuries are the foundation of on-chain capital markets, why trust infrastructure matters more than yield, and how on-chain finance will reshape market structure over the next decade.

Read the full interview: https://rwaweek.com/journal/person-spotlight-jeremy-ng-founder-ceo-openeden

https://x.com/OpenEden_X/status/2072251037784866997?s=20

For the first time, a tokenized bond fund can be posted as on-chain collateral.

The HYBOND market, curated by Clearstar Labs, is live on Euler.

Deposit HYBOND, borrow USDC against it, and retain exposure to HYBOND’s underlying bond strategy.

Read the announcement: https://x.com/OpenEden_X/status/2072355236195565891

#OpenDigest | 3 July 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: $311.303B
→Total RWA on-chain market cap: $30.62B
→Total stablecoin holders: 270.65M
→Total RWA assets holders: 954,348

🟣 Top Headlines
→ UK’s FCA said it would reduce its planned capital requirements for stablecoin issuers after industry pushback, as it unveiled regulations to bring the crypto asset sector fully within its remit for the first time.
→ European Central Bank’s chief economist puts tokenization and AI at the centre of central banking’s future.
→ Taiwan's Legislative Yuan passed the Virtual Asset Service Act in its third reading on June 30, putting virtual asset firms under FSC oversight for the first time and sets reserve-and-trust rules for stablecoins.
→ BeInCrypto’s latest research shows that more than half of tokenized RWA value showed no weekly transfer activity, with 910 assets worth $32.9 billion recording zero transfers.

🟣 OpenEden's Updates
→ HYBOND is now listed on EX.IO's RWA Market and available to professional investors in Hong Kong, bringing them 1:1 tokenized exposure to the BNY Mellon Global Short-Dated High Yield Bond Fund through an SFC-licensed VATP.
→ In his latest interview with RWA Week, Jeremy Ng, our Founder and CEO, shared why tokenized Treasuries are the foundation of on-chain capital markets, why trust infrastructure matters more than yield, and how on-chain finance will reshape market structure over the next decade.
→ The HYBOND market, curated by Clearstar Labs, is live on Euler. For the first time, a tokenized bond fund can be posted as on-chain collateral.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2072944667617038790?s=20

The first tokenized bond fund market on Euler just got better. 

Supplying USDC to the HYBOND vault on Euler now earns EDEN rewards, claimable through Merkl.

This incentive campaign runs in four weekly rounds, refreshing through the month.

The market also allow HYBOND holders to borrow USDC against their tokens while retaining full exposure to the token’s underlying bond strategy. 

One market, two levers, two opportunities. 

Check it out here: https://app.merkl.xyz/opportunities/4409894614570521979

https://x.com/OpenEden_X/status/2074037629675352263?s=20

BlackRock describes today's fixed income as offering some of the most attractive income opportunities in over a decade.

Fixed Income consists of bonds with varying credit risks. From risk-free treasuries, investment-grade corporates to high yield.

But high yield carries more credit risk than Treasuries. So why do institutions deliberately allocate to it?

Let us deep dive into this asset class and share how investors can access it on-chain via HYBOND—Tokenized BNY Mellon Short-Dated High Yield Bond Fund.

Read the full thread here: https://x.com/OpenEden_X/status/2074060769076064395?s=20

Week 2 of EDEN incentives on the HYBOND vault is starting today.

The capped reward APR for supplying USDC on Euler Labs has been raised to 5%, up from 3%, claimable via Merkl.

Combined with the vault's base supply rate, total yield is now even higher than most other Earn rates in the market.

https://app.merkl.xyz/opportunities/4409894614570521979

https://x.com/OpenEden_X/status/2074842198315868326?s=20

#OpenDigest | 10 July 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: $311.968B
→Total RWA on-chain market cap: $33.52B
→Total stablecoin holders: 272.25M
→Total RWA assets holders: 994,801

🟣 Top Headlines

→ Deloitte’s report shares that the rise of crypto-backed cards, agentic commerce, and merchant-issued digital currency could drive more than $200 billion in stablecoin-enabled US retail purchases by 2030.
→ The EU is preparing to reopen its Markets in Crypto-Assets (MiCA) rulebook, likely in 2027, to regulate non-EU stablecoin issuers and broaden its scope.
→ Swift rolls out new blockchain ledger to bring 24/7 banking through live transactions using tokenized digital assets to 17 global giants, including HSBC, UBS, Wells Fargo and Citi.
→ HSBC has completed its first blockchain-based issuance of a digitally native structured product, using tokenized US dollar-denominated notes in a private placement for institutional investors in Hong Kong.
→ A GDF-ISDA report finds 66% of institutions plan tokenized money market funds by 2027 as the market tops $15 billion in on-chain assets.

🟣 OpenEden's Updates

→ The first tokenized bond fund market on Euler just got better. Supplying USDC to the HYBOND vault on Euler Labs now earns EDEN rewards, claimable through Merkl.
→ High yield carries more credit risk than Treasuries, but institutions are still allocating to it. Read this analysis on this asset class and learn how investors can access it on-chain via HYBOND—Tokenized BNY Mellon Short-Dated High Yield Bond Fund.
→ Week 2 of EDEN incentives on the HYBOND vault is ongoing. The capped reward APR for supplying USDC on Euler has been raised to 5%, up from 3%, claimable via Merkl.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2075575041954385986?s=20

As tokenization matures, institutions are evaluating assets differently.

The focus has shifted to collateral utility, capital efficiency, and legal structure.

Our Chief Strategy Officer Stephanie Chew shares how these priorities are shaping institutional adoption in her latest interview with Mpost.

https://mpost.io/openedens-stephanie-chew-why-winning-the-rwa-tokenization-race-now-comes-down-to-collateral/

https://x.com/OpenEden_X/status/2076942515551572131?s=20

🟣Please kindly note that all official OpenEden links are hosted on openeden.com and its subdomains.

When accessing our platform, verify the domain first. Links from any other source are not from OpenEden.

"Institutional appetite for digital assets was real and growing, but the bridge between the two worlds was thin."

That was the gap our Founder and CEO, Jeremy Ng, saw and the motivation behind how OpenEden was built to close it.

In his Unfiltered feature, Jeremy shares his experience as the founder of OpenEden, and why the credibility we hold today could only be earned.

https://www.linkedin.com/pulse/unfiltered-jeremy-ng-founder-ceo-openeden-qin-en-looi--ujqcc