Block & Bond Brief — May 11, 2026
Your daily edge on tokenized securities and real-world assets 11 May 2026
TOP STORY
BlackRock filed with the SEC on May 8 for two new blockchain-based Treasury fund structures issuing tokenized on-chain shares. These new funds focus on tokenized US Treasury securities and money-market instruments, using a permissioned system connected to multiple public blockchains. This move extends BlackRock's tokenized finance initiatives, building on its 2024 launch of BUIDL, the first tokenized money-market fund. Securitize and BNY Mellon are involved in record-keeping and Ethereum integration. The filings mark a significant step in mainstream adoption of tokenized finance by one of the world's largest asset managers. Read more
COMPANY MOVES
- BlackRock 1 Filed for two new blockchain-based Treasury fund structures to issue tokenized shares, expanding its tokenized finance offering beyond BUIDL (RWA Times)
- Ondo Finance 1 Token price surged 70% after successful pilot of near real-time, cross-border redemption of tokenized U.S. Treasury funds, collaborating with J.P. Morgan, Mastercard, and Ripple; Ondo joined DTCCs tokenization working group (RWA Times)
- Digital Asset 1 Attracting large-scale investment, with $2 billion valuation, backed by traditional financial institutions and Wall Street banks (MK Korea)
REGULATORY WATCH
The US Senate Banking Committee markup for the Digital Asset Market Clarity Act is scheduled for May 14. This key legislation aims to clarify SEC and CFTC jurisdiction, establish a legal framework for token classifications, and provide compliance pathways for institutional investors, representing a landmark regulatory development for the US crypto and tokenized asset markets. Polymarket prediction markets now show 75% odds of passing. Meanwhile, the ECB continues efforts for a European market supervisor and tokenized system to enhance financial integration across the eurozone. (RWA Times, Ground News)
MARKET SNAPSHOT
| Protocol | AUM | Chain(s) |
|---|---|---|
| Tether Gold | $3.33B | Ethereum/Monad |
| BlackRock BUIDL | $2.99B | Ethereum/Aptos |
| Ondo Yield Assets | $2.74B | Ethereum/Plume Mainnet |
| Paxos Gold | $2.20B | Ethereum |
| Maple | $2.15B | Ethereum/Solana |
| Centrifuge Protocol | $1.63B | Ethereum/Avalanche |
| Spiko | $1.18B | Stellar/Arbitrum |
| Anemoy Capital | $1.14B | Ethereum/Celo |
| WisdomTree | $987M | Ethereum/Stellar |
| Blockchain Capital | $964M | zkSync Era |
Data via DeFiLlama 2026-05-11 05:00:23 ET
WORTH WATCHING
Japan's bond market is making a major move on-chain with the Bank of Japan's clearing house collaborating on a proof of concept to move Japanese Government Bonds onto the Canton Network. This supports a next-generation settlement system offering 24/7 atomic cross-border settlement of sovereign bond collateral, eliminating delivery versus payment risk and reducing funding costs. This buildout signals a significant step towards global collateral mobility on blockchain infrastructure, integrating the US, Japan, and Europe into a unified tokenized ecosystem. (Odaily News)
SOURCES
- https://rwatimes.substack.com/p/blackrock-files-for-2-new-tokenized
- https://rwatimes.substack.com/p/ondo-finance-surges-70-as-institutional
- https://www.mk.co.kr/en/stock/12042923
- https://rwatimes.substack.com/p/ondo-finance-surges-70-as-institutional
- https://rwatimes.substack.com/p/polymarket-gives-clarity-act-75-odds
- https://ground.news/article/the-ecb-proposes-a-european-market-supervisor-and-a-tokenized-system-to-strengthen-the-financial-integration-of-the-block
- https://www.odaily.news/en/post/5210692
- https://www.mk.co.kr/en/stock/12042923
Block & Bond 1 your daily edge on tokenized securities & real-world assets. | blocknbond.xyz