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Tag: ETF

Detailed view of fiber optic patch cables connecting to a blue patch panel in a data center.

MiCA, ISO 20022, and the XRP Ledger: The Unseen Blueprint of a New Financial Order

The convergence that no one predicted, except upon closer inspection This is where history meets programmable finance. MiCA, fully applicable since July 1, 2026, after the end of the transitional period, licenses the European crypto perimeter. ISO 20022 standardizes the grammar of global payments. And certain blockchain networks, the XRP Ledger foremost, whose ODL corridors…

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RWA & Tokenization: Measuring an Inflection Point

The tokenized RWA market totals ~$30-35B in AUM (rwa.xyz: ~$34.5B, ~2x year-over-year). Breakdown: Tokenized US Treasuries & money market funds ~$13.4-15.2B (76 products, ~58,700 holders; top names BUIDL ~$2.4-3.1B, USYC $2.9B, USDY ~$2.1B, BENJI $2.05B); private credit $8-18.9B depending on scope, $33.7B in cumulative originations; commodities (mostly gold) ~$5.5B with XAUT+PAXG >96% of the segment…

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Close-up of golden Bitcoin coins on banknotes with a blurred cryptocurrency graph background.

Stablecoins & CBDC: The Battle for Settlement Rails Stablecoins, facts. Total market capitalization

$314.68B as of 21/06/2026 (382 issuers, DefiLlama), ~$323B at all-time high in May 2026, with remarkable resilience during a crypto bear market of -48%. Concentration: USDT $186.35B (59.22%) and USDC ~$77B = 83.02% of the market. USDC: +28% outstanding in Q1 2026, on-chain volume +263% to $21,500B. The market processed >$33,000B in on-chain transactions…

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RWA & Tokenization: measuring quality, not size Thesis

The RWA market has entered an industrialization phase; the discriminating factor for allocation is no longer TVL but the structural quality of flows (liquidity, compliance, yield distribution). Key data (mid-2026). On-chain distributed value: ~$31–36 billion (+380% from 2022); “represented” value: ~$340–369 billion; stablecoins (settlement layer, counted separately): ~$290–321 billion; RWA holders: ~790,000; tokenized Treasuries: ~$15.1…

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