Kraken announced it will acquire Switzerland-based Backed Finance, the tokenization firm it has already partnered with on its xStocks tokenized equity product. The deal aims to deepen Kraken’s real-world asset capabilities and expand its tokenized equity offering.
OpenEden, led by former Goldman Sachs executive Jeremy Ng, has secured backing from Ripple and prominent venture firms as its TBILL token and yield-bearing stablecoin USDO see rising institutional and on-chain adoption.
Coinbase Ventures announced nine investment themes for 2026, focusing on RWA perpetuals, specialized trading venues, enhanced DeFi composability, and AI-driven developer tooling. The move signals a strategic push into infrastructure and on-chain financial primitives as markets mature.
XStocks' 2025 surge pushed Solana into the top five networks powering tokenized equities, highlighting renewed demand for fast, low-cost chains. The shift signals growing institutional interest in tokenized real‑world assets and boosts SOL's relevance in RWA rails.
On Nov. 13, 2025, real-world asset (RWA) tokens and NFT-linked tokens led market gains while Bitcoin slipped below $103,000. Traders appeared to rotate into yield-bearing and collectible plays amid elevated volatility.
BlackRock and Fidelity are placing major bets on Ethereum to power tokenized real-world assets, as the network tops $200 billion in value locked. Institutional adoption is renewing bullish ETH price forecasts and could presage a sizable market move.