RWA.io

We just published our latest research: "Tokenized Deposits: The Future of Money." The report breaks down how commercial bank deposits are moving onto blockchain infrastructure, and what that means for the financial system. Here's what we found: 🪙 Tokenized deposits, stablecoins, and CBDCs serve different roles. They complement each other rather than compete. 🪙 J.P. Morgan, Citi, BNY, Standard Chartered, HSBC and Lloyds are already running live tokenized deposit services for institutional clients. 🪙 Five US regional banks announced a shared tokenized deposit network in February 2026, signaling adoption beyond the top tier. 🪙 87% of financial institutions are exploring tokenization. 🪙 Digital currencies are projected to process up to $13 trillion in transaction value by 2030. 🪙 Global customer deposits totaled $103 trillion in 2024. Even a fraction moving on-chain creates a market far larger than today's stablecoin sector. The regulatory picture is also shifting. The US GENIUS Act provides clarity for stablecoins while keeping tokenized deposits under existing banking law. The UK's GBTD pilot is live with seven major banks. The ECB is advancing the Digital Euro. And in the UAE, the Digital Dirham has gone live on the mBridge platform. The big challenge ahead: interoperability. Tokenized deposits remain liabilities of individual banks. Scaling requires networks that let deposits issued by one bank settle with another. Projects like BIS Project Agora, Partior, and the UK's GBTD are working on exactly this. This report was shaped with contributions from 15 organizations, including @StanChart, @Citi, @BNYglobal, @jpmorgan, @iOndoFinance, @digitalasset, @CantonNetwork, @LayerZero_Core, @BMW, @ABNAMRO, @ERC3643Org, @trondao, @UKFtweets, @Cambridge_Uni and @Alchemy. A big thank you to anyone involved 🤝

A new report from @RWA_io examines how commercial bank money is moving onchain while preserving the two-tier monetary system. On Canton, tokenized deposits operate with embedded identity, privacy, and programmable settlement across institutions. Read the report.

Defactor is a verified project on RWA.io. Verification improves transparency and visibility across the ecosystem. Building in RWAs? Apply to get your project verified on

Built across Ethereum and EVM-compatible networks, Defactor connects tokenized assets to onchain liquidity. Enabling: • Invest in RWAs • Tokenize assets • Access direct lending opportunities This plays a key role in bridging traditional finance and on-chain markets.

Project Highlight: @defactor_ Founded in 2021, Defactor's tokenization toolkit supports asset originators in structuring, issuing, and distributing RWAs to on-chain investors.

The real race in tokenization isn’t to $30 trillion. That's an arbitrary number. It’s to build the infrastructure layer connecting: • tokenized assets • tokenized deposits • banks • supply chains • regulators The scoreboard is the ticker. What matters is what gets built underneath it. Read the full piece: rwa.io/post/what-a-to…

Supply chains were built for a predictable world. That world no longer exists. COVID, tariffs, and geopolitical shocks exposed how fragile “just-in-time” production really is.

Tokenization is a $16–30 trillion market. Builders aren't imagining how we will get there. Or what success looks like. What actually changes when value becomes programmable?

@Alchemy @trondao @BMWGroup @ERC3643Org As highlighted in our latest research, they represent a key bridge between traditional finance and on-chain markets. Read more: shorturl.at/xjKC2

Unlike stablecoins, they are fully integrated into the banking system and can be used within existing regulatory and settlement frameworks. For example, a business could use tokenized deposits to settle payments instantly across borders, without relying on legacy banking rails.

What are tokenized deposits? Tokenized deposits are bank-issued liabilities represented on blockchain, combining the trust of traditional banking with the programmability of on-chain infrastructure.

RWA Weekly Roundup The RWA market saw a slight pullback this week, with declines in project tokens weighing on overall market value, while asset tokens and stablecoins remained relatively stable. Despite short-term volatility, core segments continue to show resilience as capital stays anchored in on-chain financial assets. Data breakdown below.

According to our latest research, identical RWA assets can trade at 1–3% price differences across blockchains, not because the assets differ, but because the data does. In a fragmented environment, there is no single source of truth for pricing. This is why data aggregation layers are critical to building efficient, scalable RWA markets. More info: rwa.io/research

Tokenized deposits are quietly becoming the backbone of the next-gen financial rails and the infra layer underneath all of this matters just as much. The onchain cash race is very real.

Find the full report here: rwa.io/research

We just published our latest research: "Tokenized Deposits: The Future of Money." The report breaks down how commercial bank deposits are moving onto blockchain infrastructure, and what that means for the financial system. Here's what we found: 🪙 Tokenized deposits, stablecoins, and CBDCs serve different roles. They complement each other rather than compete. 🪙 J.P. Morgan, Citi, BNY, Standard Chartered, HSBC and Lloyds are already running live tokenized deposit services for institutional clients. 🪙 Five US regional banks announced a shared tokenized deposit network in February 2026, signaling adoption beyond the top tier. 🪙 87% of financial institutions are exploring tokenization. 🪙 Digital currencies are projected to process up to $13 trillion in transaction value by 2030. 🪙 Global customer deposits totaled $103 trillion in 2024. Even a fraction moving on-chain creates a market far larger than today's stablecoin sector. The regulatory picture is also shifting. The US GENIUS Act provides clarity for stablecoins while keeping tokenized deposits under existing banking law. The UK's GBTD pilot is live with seven major banks. The ECB is advancing the Digital Euro. And in the UAE, the Digital Dirham has gone live on the mBridge platform. The big challenge ahead: interoperability. Tokenized deposits remain liabilities of individual banks. Scaling requires networks that let deposits issued by one bank settle with another. Projects like BIS Project Agora, Partior, and the UK's GBTD are working on exactly this. This report was shaped with contributions from 15 organizations, including @StanChart, @Citi, @BNYglobal, @jpmorgan, @iOndoFinance, @digitalasset, @CantonNetwork, @LayerZero_Core, @BMW, @ABNAMRO, @ERC3643Org, @trondao, @UKFtweets, @Cambridge_Uni and @Alchemy. A big thank you to anyone involved 🤝

As RWAs evolve, it’s not just assets that need to scale, it’s how they transact. What’s the biggest barrier to real-time, onchain RWA activity today?

As the RWA market scales, solutions like Veritas Protocol help ensure that tokenized assets are not only accessible on-chain, but also verifiable, secure, and compliant by design.

It operates within the infrastructure and compliance layer of the RWA stack. This layer matters because institutional adoption depends on trust, data integrity, and regulatory alignment across tokenized assets.

Partner Highlight: @veritas_web3 Veritas Protocol provides infrastructure for secure and compliant RWA tokenization, focusing on enabling institutions to bring real-world assets on-chain with the necessary controls and transparency.