Your First Captivating Topic of the Week

♾ Apollo’s ACRED Gets Leveraged via Gauntlet and Morpho

How do you get leverage with RWAs? Through looping! The Apollo Diversified Credit Securitize Fund ($ACRED) is tokenized on Securitize which has now enabled this DeFi feature for it.

Taking a step back, we’ve seen other funds like BlackRock’s BUIDL and Hamilton Lane’s SCOPE use vaults with Elixir to receive a stablecoin (deUSD). What’s the point? The stablecoin can be used in the DeFi world, while keeping the securities locked up and compliant in the meantime.

This news takes it a step further!

The summary is basically the following steps:

1. Investor participates in $ACRED (on Polygon)

2. $ACRED tokens are converted into sACRED tokens and supplied into a vault curated by Gauntlet

3. sACRED are deposited into Morpho to borrow USDC which is then used to re-invest in ACRED

4. Repeat

This is all automated through smart contracts and the best part is that there’s no need for active management as Gauntlet’s risk framework takes care of it.

It took years for simple tokenization of an asset to reach institutions’ attention and led to them actually coming to market. Then we saw less time to reach utility such as using tokenized fund units as collateral. The last 6 months or so have really accelerated the pace to the tune of now seeing DeFi being implemented with institutional products even faster.

For context, ACRED was tokenized in January of THIS year and 4 months later we have this DeFi-enabled leverage loop, using multiple parties, to enhance yield. So what’s next and how fast?

In other news we also saw BlackRock file to tokenize a share class of another liquidity fund, a $150B Treasury Trust Fund, which will be exclusively distributed through BNY Mellon. Like BUIDL, this is also meant for institutional investors but at a smaller minimum of $3M vs. BUIDL’s $5M. The filing does say BNY “has a contractual relationship with a third-party technical platform operator.” Who could it be? Securitize? Someone else? Share your thoughts with us on X (@Markets_Onchain)

This is not financial advice.

TokenizeThis 2025

TokenizeThis was held at The Glasshouse in New York City earlier this month where industry leaders, finance professionals, and crypto enthusiasts focused on RWAs all came together to talk tokenization. Over 3 days we covered topics ranging from interoperability, tokenized stocks, and DeFi for RWAs to institutional infrastructure, onchain identity, payment rails & settlement, and more!

Did you miss the conference or want to relive it?

Keep an eye on STM TV where we’ll be uploading all panels, keynotes, and interviews in the coming days! Here’s one of them featuring the DeFi Vaults for RWAs panel.

Your Second Captivating Topic of the Week

💸 Libre and TON’s $500M Telegram Bond Fund

Shifting focus to other exciting tokenization projects, we have a household name being associated with an offering and it’s Telegram! Tokenization platform Libre Capital and The Open Network (TON) blockchain are teaming up to tokenize a $500 million fund that will invest into Telegram’s outstanding bonds and future ones.

How much is outstanding? A ton of them!

There are about $2.35 billion worth of notes outstanding and the Telegram Bond Fund ($TBF) aims to not only benefit from their yield but also make the fund units available as collateral for on-chain borrowing. It doesn’t stop there though, they also intent to develop yield-bearing products exclusively available on TON. Structured products will be coming onchain faster because of how much easier it’ll be to create new strategies when blockchain makes it easier to move assets and rebalance.

Libre is a great partner for TON to grow its tokenization footprint given they’ve already hosted over $200M in tokenized assets, representing units in other household-name funds such as those from BlackRock, Brevan Howard, Hamilton Lane, and Nomura’s Laser Digital. Now expanding to a name more resemblant to crypto-natives (everyone’s on Telegram) will help generate further interest and participation.

This is not financial advice.

Companies of the Week

Company of the Week - Herwig: SOL Strategies
Company of the Week - Kyle: Lynq Network

Find out why and more every Friday live around 12pm EST on LinkedIn or X/ Twitter. Past episodes available on Youtube or your favorite podcast platform! 

RWA Foundation

Have you joined the RWA Foundation yet? 

Incubated by Security Token Market, the Real World Assets (RWA) Foundation is a crypto native organization dedicated to bridging crypto natives and tokenized assets. The leading brands in the tokenization and RWA industry contribute support in order for the RWA Foundation to develop educational resources, media, events, grant programs, and crypto-focused initiatives to carry out its mission.

If you weren’t at TokenizeThis, you might have missed the announcement with STM.co, Solana, and Orca. Check out the highly-anticipated launch trailer of the Wally DAO:

Follow on X, join the Telegram, and stay updated on all things about the Foundation, RWA Industry, our upcoming DAO launch, and a whole lot more. TRUNKS UP 🐘 !

Reports

(NEW) RWA Tokenization: Key Trends and 2025 Market Outlook

Keep an eye out tomorrow for a new report we contributed to: RWA Tokenization: Key Trends and 2025 Market Outlook. Led by Brickken, this report brings multiple parties together in diving into tokenization, with STM.co supporting with both data and some of the written sections.

What’s Inside?

✅ A Breakdown of Tokenization and Related Benefits
✅ Key advantages for issuers, investors, and institutions
✅ How the market is evolving and trends shaping adoption in 2025
✅ What’s next? Expert insights on regulation, DeFi integration, institutional involvement, and market growth

STM’s RWA Market Prediction for 2030

Security Token Market (STM.Co) is proud to release a thorough report on our prediction on the tokenized real world asset market growth. This report explores the variety of opportunities within each asset class to capture value on-chain.

Tokenization can be applied to just about any object and asset type. Art, carbon credits, life insurance, and other sub $5 trillion asset classes weren’t even considered in estimates.

In order for STM to derive its 2030 market predictions, the following asset classes were evaluated: currency, M2/M3, real estate, commodities, public equities, private companies and funds, bonds, credit and lending markets.

State of the Tokenization Industry 2024 Report

We are very excited to publish our State of the Tokenization Industry 2024 report tomorrow with our sponsor SteelWave Digital! The Security Token Market team covers this year’s headlines and key takeaways, sorted into the following categories:

Search away, share it with a colleague, and revisit the same link for future updates!

TokenizeThis 2024: Highlights and Key Takeaways Report

The TokenizeThis 2024 Conference Highlights Report is Now Available! This was the industry’s event of the year with 500+ registered attendees, 40+ speakers, and 20 sessions & side events in Miami, FL!

There was so much to do you may have missed some panels but not to worry, the STM Team has put together a summary of it all just for you.

This is not financial or investment advice.