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
·

Regulation D

Accredited Investor

An accredited investor is an individual or entity meeting specific SEC wealth or income thresholds who may participate in Regulation D unregistered securities offerings — the primary investor class for most US tokenized security offerings.

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

Regulation D vs Regulation A+: Choosing the Right Exemption for US Token Offerings

Most US security token offerings use Regulation D 506(b) or 506(c). Regulation A+ offers a path to retail investors for up to $75 million, but the SEC review process takes 6-9 months. This guide maps the regulatory pathways available to US token issuers in 2026.

Jan 17, 2026
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