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
·

Digital-Assets

Chamber of Digital Commerce

The Chamber of Digital Commerce is the world's largest blockchain trade association, advocating for pro-innovation digital asset policy in Congress and with federal regulators — serving as the leading industry voice for crypto-native companies in Washington since 2014.

Feb 1, 2026

Digital Asset Market Structure Act

The Digital Asset Market Structure Act proposes a comprehensive regulatory framework for digital asset trading venues, establishing a joint SEC-CFTC approach to digital asset market oversight.

Feb 1, 2026

FIT21 — Digital Asset Market Structure Act

The Financial Innovation and Technology for the 21st Century Act passed the House of Representatives in May 2024 with bipartisan support, establishing a framework that divides digital asset regulation between the SEC (centralized tokens) and CFTC (decentralized tokens).

Feb 1, 2026

SEC — Digital Assets Division and the US Tokenization Regulatory Framework

The SEC is the primary regulator for tokenized securities in the US, with a 2025 policy shift toward industry engagement, a dedicated Crypto Task Force, and $0 in approved tokenized security issuances via S-1 registration as of 2026.

Feb 1, 2026

SIFMA — Securities Industry and Financial Markets Association

SIFMA is the leading US capital markets trade association representing broker-dealers, banks, and asset managers — and its Digital Assets Committee and regulatory engagement directly shape SEC and Congressional approaches to tokenized securities.

Feb 1, 2026

Utility Token

A utility token is a blockchain-based token that provides access to a product or service rather than representing an investment — and therefore potentially falls outside SEC securities regulation, though the distinction is heavily fact-dependent and contested.

Feb 1, 2026

Wyoming SPDI — Special Purpose Depository Institution

The Wyoming Special Purpose Depository Institution charter creates a bank category that can hold digital assets in custody for clients without engaging in fractional reserve banking — the first US regulatory framework purpose-built for crypto asset custody.

Feb 1, 2026

The State of US Tokenization 2026: Market Size, Growth Trajectory, and What Comes Next

US tokenized real-world assets exceeded $36 billion in early 2026, up 380% from 2022. This annual review maps where capital has concentrated, where momentum is building, and where the next $100 billion will flow.

Jan 25, 2026
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