Block & Bond Brief — April 30, 2026
Your daily edge on tokenized securities and real-world assets 6 April 30, 2026
TOP STORY
OKX, BlackRock, and Standard Chartered have launched a new framework enabling the use of BlackRock's tokenized short-term U.S. Treasury bonds (BUIDL) as collateral for trading on the OKX platform. This milestone is the first instance of a globally systemically important bank (Standard Chartered) serving as a custodian for digital asset collateral, combining the efficiency of tokenization with traditional banking safeguards. Clients can now use tokenized U.S. Treasury assets as yield-generating collateral off-exchange while trading seamlessly on OKX's platform. Source
COMPANY MOVES
- Ondo Finance & Broadridge 6 Partnered to enable proxy voting for holders of over 250 tokenized stocks and ETFs via Broadridges Web3 ProxyVote platform, advancing governance tools for tokenized equities and enhancing investor transparency and trust. Ondo holds about 70% market share with $700+ million in total value locked. Read more
REGULATORY WATCH
The Monetary Authority of Singapore (MAS) introduced a new flexible capital framework effective January 1, 2027, for banks dealing with crypto assets including tokenized traditional assets and stablecoins. The principle-based framework reduces capital requirements versus Basel Group 2 standards and places temporary exposure limits on crypto holdings, promoting innovation while managing risk. This positions Singapore as a leading crypto-friendly financial center in Asia. Details
MARKET SNAPSHOT
| Protocol | AUM | Chain(s) |
|---|---|---|
| Tether Gold | $3.27B | Ethereum/Monad |
| Circle USYC | $2.90B | Binance/Ethereum |
| BlackRock BUIDL | $2.82B | Ethereum/Aptos |
| Ondo Yield Assets | $2.74B | Ethereum/Ripple |
| Paxos Gold | $2.21B | Ethereum |
| Maple | $1.92B | Ethereum/Solana |
| Centrifuge Protocol | $1.74B | Ethereum/Avalanche |
| Anemoy Capital | $1.27B | Ethereum/Celo |
| Spiko | $1.18B | Stellar/Arbitrum |
| Blockchain Capital | $964M | zkSync Era |
Data via DeFiLlama 2026-04-30 05:00 ET
WORTH WATCHING
The integration of traditional finance custody and governance infrastructures with tokenized assets continues to advance, as seen in the Broadridge and Ondo partnership enabling real-world proxy voting through wallets. This shows growing institutional readiness for tokenized asset governance and regulatory compliance on-chain.
SOURCES
- OKX, BlackRock & StanChart Tokenized Collateral Launch
- Ondo & Broadridge Proxy Voting for Tokenized Stocks
- MAS Introduces Flexible Capital Rules for Crypto Banks
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