tokenforge

One of the most manual processes in structured finance now runs in a day.

Together with @PwC , @eos_solutions , @StellarOrg and @AllUnityStable , we have built an end-to-end infrastructure for automated securitization settlement. A monthly settlement cycle that takes 30 days or more today now completes in a single day.

The entire waterfall logic of a securitization runs directly in a smart contract. Investor allocations are calculated automatically and settled almost in real time in a regulated euro stablecoin, fully auditable and compliant with the EU Securitization Regulation.

Within the project, tokenforge served as the technical implementation partner, responsible for the smart contract logic and the underlying platform components. PwC led the concept and regulatory design, EOS contributed the process expertise from receivables management, AllUnity issued the regulated e-money, and the infrastructure is built on Stellar.

This is among the first productive applications worldwide to combine the waterfall logic of securitizations with blockchain-based settlement and regulated e-money in one end-to-end process.

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TKFG RWA Digest (Week 45, Nov 02 – Nov 08, 2026)

The ESM's digital bond settled in central bank money on Pontes. Eurex made it collateral the same day. The ECB moved Appia from consultation to construction. Amundi put Europe's biggest equity index fund share class onchain. The paper is issued, settled and pledged inside Europe.

1. Eurex Accepts ESM Digital Bond as Repo and Margin Collateral

@EurexGroup's clearing arm calls itself the first hybrid CCP. The ESM's €1B digital bond, issued on @clearstream_io's D7 and settled via Pontes, joins the Eurex Repo GC pool and qualifies as margin collateral.
ledgerinsights.com/eurex-calls-it…

2. ECB Moves Appia From Consultation to Construction

The @ecb will invite stakeholders to work on tokenized deposits and payments, tokenized securities and shared network governance. Cross-cutting testing in 2027, blueprint due in 2028.
ledgerinsights.com/ecb-to-launch-…

3. Amundi Tokenizes a Share Class of Its €22.8B Core STOXX Europe 600 Fund

@Amundi_ENG launched a tokenized share class on Ethereum with @CACEIS as transfer and tokenization agent. It extends tokenization from cash products into index investing.
about.amundi.com/article/amundi…

4. Bank of England Consults on CCPs Accepting Tokenised Collateral

The @bankofengland set out draft supervisory expectations for CCPs seeking to accept tokenised versions of already-eligible collateral. Its initial view is that the existing framework does not prevent it.
bankofengland.co.uk/paper/2026/cp/…

5. Schroders Puts Emerging Markets Debt Onchain on Solana

@Schroders launched a tokenized feeder share class of its ISF Emerging Market Bond strategy via @centrifuge, its first deployment on Solana.
centrifuge.io/blog/schroders…

6. NYSE Adds Five More Transfer Agent Partners for Its Tokenized Platform

@NYSE adds @Broadridge, @Computershare, @Equiniti, @SuperstateInc and @tZERO to join @Securitize on its 24/7 tokenized securities platform, with stablecoin funding and instant settlement.
nyse.com/research/insig…

#Capitalmarket #Digitalfinance #RWA #Tokenization

TKFG RWA Digest (Week 44, Oct 26 – Nov 01, 2026)

Pontes is no longer a launch. It is settling real paper. BayernLB issued €100M of tokenized commercial paper in central bank money. Clearstream got the CSSF nod for tokenized fund issuance. Hong Kong opened 24/7 trading of a retail tokenized MMF. The rails are live.

1. Clearstream Authorized as Control Agent for Tokenized Funds Under Luxembourg's Blockchain Law IV

CSSF Luxembourg authorized @clearstream_io as Control Agent for tokenized fund shares on permissioned DLT. Asset managers can tokenize selected share classes within existing UCITS or AIF structures.
clearstream.com/clearstream-en…

2. BayernLB Issues €100M Tokenized Commercial Paper Settled in Central Bank Money via Pontes

@BayernLB issued €100M of commercial paper on SWIAT, settled through the @ecb's Pontes. Ownership transfer and payment now happen within minutes instead of a day.
ledgerinsights.com/bayernlb-issue…

3. Hong Kong Approves First 24/7 Trading of a Retail Tokenized Money Market Fund

Securities and Futures Commission approved 24/7 trading of the ChinaAMC Digital Money Market Fund on PantherTrade, owned by Futu Holdings. $660M in assets, no more waiting for subscription windows.
ledgerinsights.com/hong-kong-laun…

4. Janus Henderson Launches Native Tokenized Nasdaq-100 Fund on Stellar

@JHIAdvisors and @centrifuge launched JQQQ, a Nasdaq-100 fund issued natively onchain under a Nasdaq license. Open to non-US professional investors, 100,000 USDC minimum.
ledgerinsights.com/janus-henderso…

5. BlackRock, SBI and Startale Sign MoU to Link Tokenized MMFs With Yen Stablecoin JPYSC

@BlackRock signed an MoU with SBI Holdings and @StartaleApp to explore connecting tokenized MMFs with SBI's yen stablecoin JPYSC. Open to other institutions in Japan and abroad.
theblock.co/news/business/…

6. Japan Targets the Uncleared 40% of Its JGB Repo Market for Tokenization

A 367-member @progmat_en consortium proposed tokenized JGBs for the roughly JPY 106T of repo that settles outside JSCC. Canton testnet simulation runs November through March.
ledgerinsights.com/japan-targets-…

#Capitalmarket #Digitalfinance #RWA #Tokenization

TUM Blockchain Conference kicks off today. Looking forward to great conversations in Munich and to our panel with Cashlink, Convista and BlockInvest tomorrow at the Digital Assets Day.

Get your ticket here: conference26.tum-blockchain.com

TKFG RWA Digest (Week 43, Oct 19 – Oct 25, 2026)

Europe is not catching up to tokenization. Europe is setting the pace. Boerse Stuttgart's Seturion became the first European exchange group to receive a DLT license. Generali tokenized its €13B money market fund. JPMorgan brought its deposit token to Ethereum. HSBC launched its first stablecoin to 3.3 million users.

1. Börse Stuttgart's Seturion Becomes First European Exchange Group to Receive DLT TSS License

@boersestuttgart's Seturion received the fifth DLT TSS license under the EU DLT Pilot Regime, the first for a European exchange group. @BaFin, @ESMA_EU and @ecb all involved. @SocieteGenerale, flatex DEGIRO, @Nasdaq and SG Forge already on board.
ledgerinsights.com/boerse-stuttga…

2. Generali Launches Digitally Native Share Class of Its €13B Luxembourg Money Market Fund

@generalitat Investments launched a digitally native share class in its €13B Luxembourg MMF. One of the top 10 EU asset managers taking its first step into tokenized fund infrastructure. Initially restricted to group companies with broader rollout planned.
ledgerinsights.com/generali-launc…

3. Standard Chartered's Libeara Acquires Zodia Markets Jersey for Intraday Tokenized Fund Dealing

@StanChart's Libeara acquired Zodia Markets Jersey to enable intraday liquidity for tokenized funds. $810M on platform. Jersey VASP license enables stablecoin on and off-ramping for fund transactions.
ledgerinsights.com/stancharts-lib…

4. JPM Coin Goes Live on Ethereum as First G-SIB Deposit Token on the Network

@JPMorgan's Kinexys brought JPMD to Ethereum, making it the first G-SIB deposit token on the Layer 1 network. $4T+ cumulative transactions, $7B average daily volume. Institutional clients now have multi-chain USD optionality.
jpmorgan.com/payments/newsr…

5. HSBC Launches RedCoin Stablecoin to 3.3 Million PayMe Users

@HSBC launched RedCoin, its first HKD stablecoin, on PayMeHSBC for 3.3 million users and 100,000 merchants. HKMA licensed under Hong Kong's Stablecoins Ordinance. Tokenized investment access coming next.
coindesk.com/business/2026/…

6. JPMorgan Asset Management Expands Tokenized MMFs to Solana

@JPMorgan Asset Management made MONY and JLTXX available on @Solana to qualified U.S. investors via Morgan Money. JLTXX specifically designed for stablecoin issuers under the GENIUS Act.
prnewswire.com/news-releases/…

#Capitalmarket #Digitalfinance #RWA #Tokenization