👨‍🔧 IBM and Oracle Enter Tokenization, BNY and Securitize CLOs, Animoca’s Reverse Merger, and More RWA News

Summary and Key Takeaways

1. Securitize Partners with BNY for Custodial Services for New AAA CLO Fund

Just as they announced details of their upcoming IPO, Securitize also announced the Securitize Tokenized AAA CLO Fund (STAC) with BNY as custodian for the underlying and BNY Investments as the sub-advisor to the fund. This is an interesting offering given the rise of private credit in the tokenization space and now CLOs making their way onchain. As Grove Labs co-founder Sam Paderewski puts it, “AAA CLOs offer durable, floating rate exposure that institutions understand.” Money market funds have their purpose but for those wanting a bit more yield with still relatively low risk like Grove, these highly-rated CLOs help fill that gap. Securitize isn’t taking their foot off the gas and this issuance will likely be followed by other ones with BNY. Starting at a $100K minimum and Grove’s $100M anchor investment (pending vote), it’ll be interesting to see how fast this fund crosses the $1B AUM mark, where investors are coming from, and any fund flows moving out of tokenized money market funds and into the new STAC token. This also starts proving out the concept for these kinds of assets, making a template to replicate for follow on funds in lower tranches. Collateralization opportunities are key here and of course how they approach tokenizing the loans themselves to reach full securitization potential. 

2. IT Giants Are Entering Institutional Tokenization: IBM and Oracle

RWA tokenization infrastructure is a race two incumbents are about to enter, with some variation in their approaches. Starting with IBM Digital Asset Haven, this platform is being made in partnership with Dfns, a Wallet-as-a-Service platform. The main goal here is to enable banks, governments, and other institutions to interact with the onchain economy through secure custody, governance and compliance. Focuses in this SaaS model include settlement, KYC/AML, multi-party approvals, and of course interoperability across chains and legacy systems. The day after, Oracle announces their Digital Assets Data Nexus on their own Oracle Blockchain. This competing yet complimenting platform is meant to help similar institutions “write” to the blockchain, as in issuing tokenized assets, stablecoins, and other RWAs through workflows that integrate well with existing systems. Other features include transaction management, compliance & regulatory reporting, and AI-powered visibility for risk management, supervision controls, and AI asset lifecycle management. This means more of the back and middle office will be coming onchain alongside AI and data helping streamline operations. The partnership between two of the largest and oldest technology leaders in the US signals further that systematic adoption is coming. Clearly there are millions of touch points institutions need to consider as they come onchain, from compliance to asset and risk management. Both IBM & Oracle are building to service these from an infrastructure perspective, making it easier, cheaper, and faster for banks, large corporations, and other institutional money and operations to come onchain and accelerating our progress towards $30T in assets onchain by 2030.

3. Animoca Brands to List on Nasdaq via Reverse Merger

More web3 infrastructure companies coming to public markets! If Securitize is getting acquired by a SPAC to IPO, Animoca Brands is doing the opposite. Announcing a reverse merger today, Animoca will be acquiring an already public company (Currenc Group $CURR) to bypass a lot of the IPO process. This news comes just a month after Animoca said they were tokenizing their shares on Solana with Republic which raises the question of whether or not that plan is still happening given this reverse merger won’t be expected to finalize until Q3 2026. At this rate, who knows where public equity tokenization will be a year from now, as Nasdaq and DTCC are working on it while FinTechs like Securitize, Superstate, Dinari, and others already support it today and others like Republic could open themselves up to it a year from now. The real takeaway here is that more crypto and tokenization companies are going to be pursuing either IPOs or larger acquisitions, just as we heard Mastercard’s interest in acquiring zerohash for $2B just a month after they raised at a $1B valuation. Animoca Brands doesn’t just tokenize, they build across NFTs, DeFi, and gaming however revenues show those other areas dropping as the company shifts their focus towards their digital asset advisory unit, bringing in $165M last year. This listing could give Animoca Brands a war chest to do some of the acquiring themselves!

4. T-RIZE to Tokenize $200M in Real Estate on Canton via Republic

Speaking of Republic, they have a win in the news this week as well as they announce their collaboration with T-RIZE to tokenize $200M worth of new real estate construction equity. This first phase is for $24.25M meant to build a 60-unit rental in Canada (Vision60), with subsequent offerings to come and a goal of 500 units in the targeted biotech region. Of course the offering is already promoting potential secondary market listing opportunities which is no surprise given their recent INX acquisition. This is also a win for Canton Network as they onboard their first real estate equity offering to their privacy-first, institutional blockchain, which positions tokenholders well for future possible collateralized loans and other additional utility.

5. Integra Announces $12B AUM Consortium for Tokenized Real Estate

Real estate is one of the most archaic industries that could use the blockchain in a variety of functions, from title registries, to ownership, to rent payments and more. Integra revealed their blockchain with real estate-specific needs in mind and a consortium that manages over $12B in real estate assets. Supporting groups from around the US, Middle East, and Europe, Integra is expecting to handle $100M in rental payments per year and $500M in potential exit distributions. It’s unclear who makes up the consortium, however they’ll likely be announced soon with their testnet, upcoming pilots, and more. Whoever can create an ecosystem that truly helps move real estate assets and their flows will win massively given how much of a gap there is to close for those assets compared to others and the opportunities to power.

This is not financial advice.

Don’t Miss Out!

Will you be at or near the Blockchain Futurist Conference in Miami next week? DigiShares is bringing back its RWA Tokenization Masterclass as a side event of the conference. Join us to learn all about how tokenization is changing real estate, private credit, funds, pre-IPO shares, and hear from experts in the field including our CEO Herwig “Happy” Konings!

Tuesday, Nov 5 at 6:00 PM ET
Near the Hard Rock Casino, Hollywood FL (address to be shared to registered individuals before the event)

Speakers:
• Herwig Konings, Founder of Security Token Group and The RWA Foundation
• Gabriel Sadoun, Head of Business Development at DigiShares
• Erik Mendelson, Head of Crypto Real Estate Division at Avanti Way Realty

More speakers to be announced soon.

RWA Foundation & WALLY DAO Updates

The RWA Foundation introduced the RWA Pod as “A permissionless way for anyone to support RWAs using crypto with multiple RWA project tokens as yield.”

In partnership with PERQ, the RWA Pod allows you to deposit ETH, USDC, ARB, and S/ Sonic. Participants will receive tokens on multiple blockchain protocols related to RWA projects that the RWA Foundation has qualified and selected as Founding Members.

Two of the tokens in the POD rewards are Brickken’s BKN and DRVN’s BSTR. Want to learn more about them? Check out interviews with their founders now available on X and on YouTube, go ahead and check them out 👇!

STM.co Data

This is not financial advice.

Think Like Herwig

Hello readers,

Yield. That’s it. Yield is moving onchain faster than ever before. It will be the main takeaway for 2026. Every tokenized fund, every vault, every RWA that wants utility will focus on creating yield. It may not be the sexiest narrative but it sure worked for DeFi Summer back in 2020. 

Buckle up, RWAs loading for a hot cycle in 2026. If you want to be part of the vision to unite DeFi to RWAs and onboard the world onchain, then you still have a chance to become a founding member of the RWA Foundation, which closes in just a few weeks. Reach out to me ASAP if you’re interested!

Happy tokenizing, 
Herwig “Happy” Konings
CEO, Security Token Group 

Follow me on X / LinkedIn

Security Token Show Ends with 300 Episodes!

Check out the latest and final episode of the Security Token Show as well as the full catalog on Youtube, Spotify, Apple Podcasts & Google Podcasts.

Reports

RWA Tokenization: Key Trends and 2025 Market Outlook

Check out a 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

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.

This is not financial or investment advice.

Helpful Resources

• $30 Trillion by 2030 - STM

• Global Tokenized Real Estate Market Guide 2024 - STM

• TokenizeThis 2024: Highlights and Key Takeaways - STM

• TokenizeThis 2023: Highlights and Key Takeaways - STM

• State of Security Tokens 2023 - Q4 - STA

• State of Security Tokens 2023 - Q3 - STA

• State of Security Tokens 2023 - Q2 - STA

• State of Security Tokens 2023 - Q1 Extended - STA

• Real-World Asset Tokenization 2023 According to STM - STM

• Tokenizing an Asset in 3 Easy Steps - Security Token Show

• Rich Data in Private Assets - STM

• State of Security Tokens 2022 - STA

• State of Security Tokens 2023 - Institutional Edition - STA

• Tokenization for Institutions - What You Need to Know - STM, Arca (YouTube)