Block & Bond Brief — July 22, 2026
Your daily edge on tokenized securities and real-world assets — July 22, 2026
📌 TOP STORY
The Depository Trust & Clearing Corporation (DTCC) has advanced the tokenization of securities with its Tokenization Service, enabling eligible DTC-held securities to be represented onchain while preserving ownership rights and operational controls. This milestone demonstrates that tokenization is moving beyond theory to integrate into existing capital markets workflows for trading, settlement, and collateral management — bringing traditional financial assets such as U.S. Treasuries and equities onto blockchain infrastructure more efficiently. (BitGo)
🏦 COMPANY MOVES
- Ondo Finance — Launched OUSG, a token backed predominantly by BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), enabling accredited investors to trade with 24/7 liquidity using USDC or wire. (Ondo Finance)
- Goldman Sachs — Created a new platform expanding private market offerings for wealthy clients, combining fiduciary single-asset and family office investment teams. (Reuters)
- Arcus (Robinhood-backed) — Launched tokenized stocks and perpetual futures on Robinhood Chain with self-custodial accounts and stablecoin settlement but restricted access in major regulated markets like the U.S. and UK. (FinanceFeeds)
- Baillie Gifford — Released its first fully native tokenized public investment fund offering high yield and transparency on Ethereum and Solana blockchains. (ET Net)
⚖️ REGULATORY WATCH
Singapore's MAS continues to lead global stablecoin regulation with Project BLOOM and the Guardian Wholesale Network, embedding tokenized money into the financial system with strict reserve backing and interoperability standards. Meanwhile, the EU's ESMA is enforcing Market in Crypto-Assets (MiCA) regulations, requiring crypto firms servicing EU clients to comply or wind down, with a focus on investor protection and market stability. (The Asian Banker, ESMA)
📊 MARKET SNAPSHOT
| Protocol | AUM | Chain(s) |
|---|---|---|
| BlackRock BUIDL | $3.34B | Ethereum/Aptos |
| Circle USYC | $2.96B | Binance/Ethereum |
| Tether Gold | $2.93B | Ethereum/Monad |
| Ondo Yield Assets | $2.57B | Ethereum/Stellar |
| Maple | $2.37B | Ethereum/Solana |
| Paxos Gold | $1.84B | Ethereum |
| Centrifuge Protocol | $1.63B | Ethereum/Avalanche |
| Spiko | $1.23B | Stellar/Arbitrum |
| Ondo Global Markets | $976M | Ethereum/Binance |
| Blockchain Capital | $968M | zkSync Era |
Data via DeFiLlama · 7/22/2026, 5:00 AM ET
🔍 WORTH WATCHING
Asset tokenization continues to expand beyond traditional securities into tokenized funds and digital cash settlements, as highlighted by recent institutional adoption of wholesale CBDCs for atomic settlement. Projects like Canton Network and SS&C Technologies are pioneering these capabilities, promising faster, risk-reduced, 24/7 settlement with better capital efficiency and operational streamlining.
📚 SOURCES
Block & Bond — your daily edge on tokenized securities & real-world assets. | blocknbond.xyz