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
·

Jpmorgan

Avalanche (for Institutional Tokenization)

Avalanche's subnet architecture enables financial institutions to create custom, compliant blockchain environments for tokenized assets — with KKR's fund tokenization on Avalanche Evergreen and JPMorgan's Project Spruce testing tokenized securities on a custom subnet.

Feb 1, 2026

Hyperledger Besu

Hyperledger Besu is an enterprise-grade Ethereum client supporting both public Ethereum and private/permissioned networks — used by JPMorgan (Quorum fork), SWIFT, and multiple central banks for tokenized asset pilots.

Feb 1, 2026

Institutional Adoption Tracker: Who's Live, Piloting, and Exploring

Tracking 50+ major institutions — from BlackRock to Fidelity — on their tokenization journey: production, pilot, announced, or exploring.

Feb 1, 2026

JPMorgan Kinexys — The $1 Trillion Tokenization Engine

JPMorgan's Kinexys platform has processed over $1 trillion in notional transactions, operating JPM Coin at $10B+ daily volume across 200+ corporate clients.

Feb 1, 2026

Polygon (for Institutional Tokenization)

Polygon is an Ethereum Layer 2 scaling solution hosting Franklin Templeton's FOBXX money market fund and multiple institutional tokenization pilots — offering Ethereum compatibility with lower fees and higher throughput.

Feb 1, 2026

JPMorgan Kinexys: Inside the World's Most Active Bank Blockchain

JPMorgan's Kinexys (formerly Onyx) settles $2B+ per day in digital asset transactions. The JPM Coin system is the first bank-issued digital currency used for wholesale payments. Kinexys represents the most advanced blockchain deployment by any US bank.

Jan 20, 2026
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