TLDR
- About $39.7 billion in real-world assets are now on blockchains, not counting stablecoins.
- DTCC plans to bring tokenized securities to Solana in the second half of 2027.
- Securitize and Ethena launched a $100 million facility for BlackRock’s BUIDL fund holders.
- JPMorgan brought its JPM Coin deposit token to Ethereum in October.
- Ethereum holds about $15.2 billion in tokenized assets, the most of any network.
Large Wall Street firms are expanding their use of blockchain networks. BlackRock, JPMorgan and the Depository Trust & Clearing Corporation (DTCC) are all moving ahead with tokenized financial assets.
We are advancing our multi-chain strategy with plans to connect the DTCC Tokenization Service with @solana, expanding network choice for market participants.
DTC-tokenized assets are expected to be available on Solana in the second half of 2027. ➡️ https://t.co/OdWc9KDeQS pic.twitter.com/vLTK1291A3
— Depository Trust & Clearing Corporation (@The_DTCC) November 12, 2026
Tokenization turns a traditional asset, such as a stock, bond or fund share, into a digital token. The token is recorded on a blockchain. It can then be traded and settled on that network.
Data from RWA.xyz shows about $39.7 billion in distributed real-world assets are now on blockchain networks. That figure leaves out stablecoins.
What the Big Firms Are Doing
BlackRock is one of the main players through its USD Institutional Digital Liquidity Fund, known as BUIDL. The fund holds tokenized assets for institutional investors.
On November 12, Securitize and Ethena launched a $100 million liquidity facility tied to the fund. It lets eligible investors swap BUIDL holdings for supported stablecoins outside normal market hours.
That gives holders a way to move money when traditional markets are closed. Tokenized assets can trade around the clock, unlike most stocks and bonds.
JPMorgan took a separate step in October. The bank brought its JPM Coin deposit token to Ethereum.
JPM Coin gives the bank’s institutional clients another way to move digital dollars. It is a token backed by deposits, not a standalone cryptocurrency.
DTCC also made an announcement on November 12. The company said it plans to bring Solana into its tokenization infrastructure.
Under the plan, eligible securities held in DTCC’s custody operations can be shown as tokens on Solana. The company expects the integration in the second half of 2027.
Where the Assets Sit Today
The current asset totals are spread unevenly across networks. Ethereum leads, with about $15.2 billion in tokenized real-world assets, according to the same RWA.xyz data.
That is the largest share of any single blockchain. Its long record, deep liquidity and smart contract tools have drawn many financial firms.
Supporters of tokenization point to faster settlement as one possible gain. Settlement is the step where a trade is finalized and ownership changes hands. Many traditional trades take a day or more to settle.
Lower costs are another reason firms cite for exploring the technology. Fewer steps between buyer and seller can mean fewer fees.
Solana is known for quick transactions and low fees. Those traits suit financial uses that involve many transactions.
Other networks are also working to attract institutional users. Avalanche allows organizations to set up their own configurable blockchains with controlled access.
Chainlink offers tools that connect blockchains to outside data and systems. Its Cross-Chain Interoperability Protocol is built to move assets and information between networks.
The XRP Ledger is also part of the tokenization conversation. It has fast settlement and low costs, which suit payments and some asset transfers.
Institutional use of a blockchain does not always mean firms must buy that network’s token. Activity on a network and demand for its coin can be separate things.
The most recent step came on November 12, when the $100 million BUIDL facility went live and DTCC set its Solana plans. Real-world assets on blockchains stand at about $39.7 billion, with Ethereum holding about $15.2 billion of that total.
