Five by Five

tx leadership was fortunate to meet with SEC Crypto Task Force staff today. The tx team presented materials focused on three areas that matter for the next phase of tokenized markets: 1. Aligning with existing SEC and FINRA frameworks through regulated-entity partners, while exploring additional potential paths for compliant blockchain-based issuance. 2. Using tx Smart Token functionality to program compliance at the token level, implementing investor eligibility, jurisdictional rules, transfer restrictions, and whitelisting directly within the asset itself. 3. Exploring potential paths toward decentralized secondary market activity that may satisfy evolving regulatory mandates. Compliance is not a feature. It is the foundation. Read tx's submitted agenda: sec.gov/files/ctf-memo…

Welcome to @txRWAs Stay up to date on all things product, new feature updates, and market signals in the next phase of the tx ecosystem.

Agriculture is one of the world's largest markets, yet access remains fragmented and local. In the latest tx AMA, @Cropto_io CEO @demirmaksoy55 highlights what agricultural RWAs require beyond issuance: verification, compliance, structured markets, and long-term trust.

@txEcosystem is grateful for today’s conversation with the Crypto Task Force. Its members bring impressive technical and legal savvy, and we appreciate such thoughtful public servants engaging directly with industry. sec.gov/files/ctf-memo…

#IYKYK 🌪️

Today, @txEcosystem met with the SEC to discuss the future of tokenized RWAs and blockchain-powered capital markets. We shared TX’s vision for compliance-first infrastructure supporting regulated financial assets onchain through licensed partners. The next era of finance will be built onchain.

The Clarity Act is a meaningful step forward for the crypto industry but the opportunity ahead is even bigger: modernizing the underlying financial infrastructure for blockchain-native assets. RWAs still operate within securities frameworks designed for a different technological era, with legacy transfer agent and settlement structures shaping how assets move today. At tx, we’re building the infrastructure to help bring capital markets fully on-chain.

Agricultural commodities sit at the center of global trade, supply chains, and food security. Join @cropto_io CEO @demirmaksoy55 and tx’s @madebyfavio for a live conversation on what agricultural RWAs can unlock. 🗓 Wednesday, May 20, 2026 ⏰ 09:00 AM PT

Recognized ownership is critical. As more real-world assets move onchain, the market needs infrastructure that connects tokens to enforceable rights, issuer alignment, and compliant transfer rails. That is where the category matures.

Congratulations to @cropto_io on the recognition. Agricultural RWAs deserve more attention. Commodities like wheat, grains, and other real-world inputs sit at the center of global markets, but access is still fragmented.

Recently, @PanteraCapital mapped the tokenized asset market. 593 tracked assets. $320.6B in value. 91.6% of that value is still in stablecoins. Stablecoins showed tokenization can scale. The next opportunity is building for the assets that require more than transferability.

MY STEAM CONTROLLER IS HERE

Consensus Miami is in the books. An energizing week of productive conversations, new connections, and shared conviction on the future of real-world assets. Thank you @consensus2026 for bringing the industry together, and to everyone that connected with tx throughout the week.

.@PanteraCapital’s latest State of Tokenization report offers a useful framework for separating tokenization activity from tokenization maturity. The report tracks a $320B+ tokenization market and finds that most assets still sit in the “wrapper” phase: represented onchain, while issuance, redemption, custody, and lifecycle management remain largely offchain. That is not a failure. For institutions operating inside real regulatory, custody, and compliance constraints, wrappers are often the rational first step. But they are not the end state. The next phase of tokenization will not be measured by how many assets have tokens attached to them, but by whether those assets can move, settle, be managed, and be accessed through infrastructure that improves the market experience. For RWAs, that means compliance built into the foundation, regulated access, institutional custody, settlement rails, distribution, transfer controls, and liquidity. The full stack has to work together. A wrapper can prove demand but real infrastructure is what makes the market scalable.

Infrastructure + Compliance + Consistent Execution + Patience > Short-Term Hype Noise fades. Fundamentals compound.

Humanoid robots will become what cars became. Every household will eventually own one or a few. Entire industries will emerge around them: dealerships, insurance, maintenance, accessories, upgrades & trade-ins. Pre-order one today: 1X.tech

Loving every minute with investors, media, and partners for @txEcosystem at @consensus2026. But grateful & still nostalgic for vibrant conversation in Paris with @BitcoinNews. 🙏 Full intvw: x.com/BitcoinNews/st… Clips: x.com/BitcoinNews/st… x.com/BitcoinNews/st…

Day 1 of @consensus2026 in motion. The tx team is in the mix with builders, partners, and operators shaping the digital asset ecosystem. The momentum in the air was palpable: new conversations, familiar faces, and a clearer view of what the industry is building toward next.

Starting off with a strong day zero in Miami. The tx team was already out at HederaCon 2026 and Consensus side events, connecting with builders, institutions, and partners moving real-world assets forward.