Tuesday, February 24, 2026 · U.S. Tokenization Intelligence
AMERICA TOKENIZATION
The Vanderbilt Terminal for U.S. Asset Tokenization
INDEPENDENT INTELLIGENCE FOR THE AMERICAN TOKENIZATION ECONOMY
US Tokenized RWA Market $36B+ +380% since 2022
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BUIDL Fund AUM $2.5B BlackRock · Largest tokenized fund
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SEC-Registered Platforms 12+ ATS + Transfer Agent licenses
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Tokenized US Treasuries $9B+ +256% YoY
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US VC into Tokenization $34B 2025 total · doubled YoY
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Broadridge DLR Daily Volume $384B +490% YoY · Dec 2025
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Securitize AUM $4B+ +841% revenue growth 2025
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Tokenized Private Credit $19B+ Figure Technologies leads at $15B
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US Tokenized RWA Market $36B+ +380% since 2022
·
BUIDL Fund AUM $2.5B BlackRock · Largest tokenized fund
·
SEC-Registered Platforms 12+ ATS + Transfer Agent licenses
·
Tokenized US Treasuries $9B+ +256% YoY
·
US VC into Tokenization $34B 2025 total · doubled YoY
·
Broadridge DLR Daily Volume $384B +490% YoY · Dec 2025
·
Securitize AUM $4B+ +841% revenue growth 2025
·
Tokenized Private Credit $19B+ Figure Technologies leads at $15B
·

Broadridge

Broadridge DLR — $384 Billion Daily and the Future of Repo Settlement

Broadridge's Distributed Ledger Repo processed a record $384B in notional in a single day in December 2024, with all major US broker-dealers participating in T+0 repo settlement.

Feb 1, 2026

Delivery vs Payment (DvP)

Delivery versus Payment is the fundamental settlement principle that transfer of a security must occur simultaneously with payment — eliminating principal risk — and blockchain-based atomic settlement represents the most complete technical implementation of DvP yet achieved.

Feb 1, 2026

Broadridge DLR: How $384 Billion Per Day of Repo Settlements Are Moving to Blockchain

Broadridge's Distributed Ledger Repo (DLR) platform settles $384 billion in daily repo transactions for institutions including JPMorgan, Goldman Sachs, and Citi. It is the largest institutional blockchain application by transaction volume in the United States.

Jan 26, 2026
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