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
·

Wyoming

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

State Regulation Scorecard: 50-State Crypto and Tokenization Tracker

Wyoming leads, New York restricts, Texas liberalizes — a comprehensive scorecard rating all 50 US states on their digital asset regulatory environment.

Feb 1, 2026

Wyoming DAO LLC — Legal Recognition for Decentralized Organizations

Wyoming's DAO LLC law (2021) was the first in the United States to grant decentralized autonomous organizations legal status as limited liability companies, enabling DAOs to enter contracts, own property, and limit member liability without requiring a traditional management structure.

Feb 1, 2026

Wyoming Division of Banking — America's Most Digital Asset-Friendly Regulator

Wyoming pioneered US digital asset banking law through the Special Purpose Depository Institution (SPDI) charter, DAO LLC recognition, and a comprehensive suite of digital asset property rights legislation driven by Caitlin Long and legislators starting in 2019.

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

Wyoming's Blockchain Laws: The State That Became America's Crypto Laboratory

Wyoming has enacted 21+ blockchain-related laws since 2019, including the SPDI bank charter (used by Custodia Bank), the DAO LLC structure (used by Compound and others), and the first US statutory framework recognizing digital assets as a distinct asset class.

Jan 18, 2026
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