tokenization

Block & Bond Brief ā€” March 13, 2026

Block and Bond

ā€” 1 min read

Your daily edge on tokenized securities and real-world assets ā€” March 13, 2026

šŸ“Œ TOP STORY

The SEC's Crypto Task Force advisory panel endorsed a framework for tokenized securities, calling for guardrails around custody, settlement, and investor disclosure. Commissioner Hester Peirce confirmed the agency is drafting a "narrower" exemption specifically for tokenized securities. Legal analysis: Foley & Lardner, Feb 2026. Background: CoinDesk, Jan 2026.

šŸ¦ COMPANY MOVES

  • Nasdaq Ɨ Kraken ā€” Confirmed a partnership to develop tokenized equity trading infrastructure targeting a 2027 launch. (CoinDesk, Mar 9)
  • DTCC ā€” Confirmed plans to make all 1.4 million securities in its custody digitally eligible for on-chain settlement. (CoinDesk, Jan 15)
  • Solana ā€” Overtook Ethereum in total RWA token holders for the first time, driven by WisdomTree's multichain expansion. (Coinpedia)

āš–ļø REGULATORY WATCH

The SEC advisory nuance is important: this is limited relief, not a blanket exemption. February staff guidance continues shaping deal structures at BlackRock, Franklin Templeton, and Securitize. Full legal analysis: Foley & Lardner.

šŸ“Š MARKET SNAPSHOT

AssetAUM24hChain(s)
BlackRock BUIDL $2.52B ā–² 0.0% Ethereum / Aptos
Circle USYC $2.27B ā–² 0.0% Binance / Ethereum
Ondo Yield Assets $2.04B ā–¼ 0.8% Ethereum / Solana
Spiko $1.22B ā–² 2.4% Stellar / Arbitrum
Centrifuge Protocol $1.20B ā–² 9.1% Ethereum / Avalanche
Ethena USDtb $837M ā–² 0.2% Ethereum
WisdomTree $757M ā–¼ 1.3% Ethereum / Stellar
Anemoy Capital $719M ā–² 16.2% Ethereum / Celo
Total (top 8 RWA)$11.56B

Live on-chain data via DeFiLlama ā€” Mar 13, 2026, 11:21 AM ET  |  Public blockchain data

šŸ” WORTH WATCHING

The rights gap: retail investors in tokenized crypto stocks are discovering they hold no voting rights or dividend claims ā€” synthetic exposure, not the underlying equity. This is expected to drive the next phase of SEC disclosure rulemaking. (Coinpedia)

šŸ“š SOURCES

Block & Bond ā€” your daily edge on tokenized securities & real-world assets. | block-and-bond.ghost.io

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