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
·

Figure Technologies

Provenance Blockchain

Provenance Blockchain is a purpose-built Layer 1 blockchain for financial services co-founded by Figure Technologies, hosting $15B+ in tokenized home equity loans — the single largest tokenized asset pool in the world.

Feb 1, 2026

Tokenized Private Credit

Tokenized private credit is the largest RWA category at $19B+ globally, led by Figure Technologies' $15B in blockchain-originated HELOCs and Maple Finance's $2B in institutional on-chain loans.

Feb 1, 2026

Provenance Blockchain and Figure Technologies: The Infrastructure Behind $10B+ in Tokenized Loans

Figure Technologies has originated $10B+ in tokenized HELOCs on Provenance Blockchain. The Figure-Provenance ecosystem is the largest real-world deployment of tokenized lending in US financial history, with JPMorgan and others using the infrastructure.

Jan 21, 2026
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