Historical roundup covering October 30–November 6, 2026. The original PANews report was published on November 6, 2026, at 19:50:22 (UTC+8).
Hong Kong’s tokenization initiatives moved further into bank deposits and settlement during the reporting period, while tokenized equity projects exposed differences in how platforms handle custody, shareholder records and issuer consent.
Standard Chartered launched corporate tokenized deposits in Hong Kong, and the Hong Kong Monetary Authority reported round-the-clock, real-value transactions through Ensemble TX. In securities, Morgan Stanley began using DTCC’s tokenization service, while an issuer-backed transaction on Canton contrasted with growing corporate opposition to the OKX–ICE platform’s third-party tokenization plans.
Bank deposits and stablecoins take different routes
According to CoinDesk, Standard Chartered introduced its corporate tokenized-deposit service in Hong Kong, its first market for the offering. The service uses the bank’s own blockchain system and the HKMA’s Ensemble TX infrastructure to support real-time, round-the-clock deposit transfers between participating banks, with final settlement in central bank money.
Standard Chartered also worked with Fireblocks to connect the service to digital-asset clients, and HashKey joined. The bank did not disclose completed transaction volumes or the number of institutions initially able to use the service.
Separately, the HKMA said Ensemble TX had reached a stage supporting 24-hour real-value transactions in tokenized deposits. It planned to extend trials to regulated stablecoins. The authority also completed secondary-market trial transactions in tokenized Exchange Fund Bills through recognized dealers.
A separate initiative concerned HKDAP, a Hong Kong dollar stablecoin from Anchorpoint, the licensed issuer established by Standard Chartered, HKT and Animoca Brands. According to Solana’s announcement on X, HKDAP would support native issuance and redemption on Solana—its first public-blockchain partnership—with applications ranging from retail payments to tokenized assets.
These were distinct arrangements in the source: Standard Chartered’s service transferred bank deposits, while Anchorpoint’s initiative concerned stablecoin issuance and redemption.
Tokenized securities: who keeps the ownership record?
Several projects retained established securities infrastructure behind their blockchain representations.
- DTCC and Morgan Stanley: Morgan Stanley said it was among the first banks to tokenize assets using DTCC Tokenization Services after its October 28 launch. It had converted U.S. equities and Treasuries into tokenized form. The service creates tokenized representations backed by securities held in DTC custody.
- Bullish and Equiniti: Bullish selected Solana, Aptos and Ethereum as initial networks for issuer-sponsored tokenized shares. Official equity registers would remain with transfer agents. Solana was the first supported network; no dates were given for the others.
- NYSE and Broadridge: According to CoinDesk, the NYSE selected Broadridge to provide on-chain governance and digital transfer-agent services for its planned tokenized-stock platform, including shareholder records, investor communications and proxy voting. Supported wallets, brokerage platforms and Broadridge’s ProxyVote service were expected to provide voting access.
Bullish and Equiniti had demonstrated the transfer of 61 million tokenized reserved Bullish shares on Solana on October 27. Those shares were intended for the Equiniti acquisition, which was expected to close in January 2027, subject to regulatory approval.
Issuer-backed trading versus issuer objections
Canton Strategic Holdings said the first trades in its issuer-supported tokenized common stock took place on November 4, U.S. Eastern time, through TSV LLC on Canton. The company described them as the first tokenized U.S. equity trades under the SEC innovation-exemption framework introduced on September 17.
Five North sold the shares, DRW Cumberland bought them, and Flowdesk supplied liquidity. Trading used a permissioned pool under the Tradecraft AMM protocol, with atomic settlement on Canton. The company said token holders had the same rights as shareholders holding through Nasdaq.
By contrast, a November 5 public notice from OKXICE TSV, the OKX–Intercontinental Exchange joint venture, showed that objections to its stock-tokenization plans had risen from 62 issuers on November 4 to 67. Meta, Palantir, S&P Global, KLA and Super Micro Computer joined companies that had already objected, including Apple, Nvidia, Tesla, Amazon and Microsoft.
Hong Kong considers the next investment-product pilots
Hong Kong’s Securities and Futures Commission outlined an “Innovation Pathway” intended to connect tokenized funds with digital money and improve liquidity and treasury management.
Executive Director of Investment Products Christina Choi said the first tokenized money-market funds were trading in secondary markets on licensed platforms. A tokenized gold ETF could become a subsequent pilot. Hong Kong had 17 authorized tokenized retail products spanning money-market funds, gold products and ETFs, with combined assets under management of $1.3 billion.
In Europe, Cointelegraph reported that Amundi launched tokenized units of its STOXX Europe 600 equity-index fund on Ethereum using infrastructure from CACEIS. Traditional distribution would continue. The roundup also described tokenized units of AMUNDI FUNDS CASH EUR, available alongside conventional subscriptions through a hybrid distribution model.
A leveraged yield product adds borrowing and settlement terms
According to a PR Newswire announcement, Fosun Wealth-incubated FinChain and Plume introduced FLEX & FINO, a strategy using FUSD as collateral to borrow USDC for deployment into liquidity pools.
The announcement described FUSD as backed by tokenized short-term U.S. Treasuries and compliant money-market funds, with collateralization of at least 100%. The strategy had a 90% utilization cap and an expected annualized yield of up to 7.2% under baseline assumptions—not a guaranteed return. Redemption settlement was T+2, while interest settlement ranged from T+14 to T+30.
The reported yield therefore combined income on the collateral with additional liquidity-pool returns obtained through borrowing, rather than representing a simple deposit rate.
Stablecoin activity rose even as supply declined
RWA.xyz data cited by PANews put on-chain RWA market capitalization at $39.36 billion as of November 6, up 0.02% from the comparable date a month earlier. Holders increased 7.17% to 5.6537 million.
Stablecoin figures showed a different mix:
| Metric | Reported level | Change from comparable date a month earlier |
|---|---|---|
| Market capitalization | $283.05 billion | −4.17% |
| Monthly transfer volume | $9.9 trillion | +46.11% |
| Monthly active addresses | 56.03 million | −9.42% |
| Holders | 306 million | +3.27% |
The figures showed higher transfer volume alongside lower supply and fewer active addresses; they did not show uniform growth across all measures.
Payments and legal execution remain infrastructure priorities
CryptoBriefing reported that Shopify and Coinbase were developing the Commerce Payments Protocol for stablecoin payments on Base. Customers would be able to pay from supported wallets without holding ETH for gas, while merchants could receive local currency or USDC.
Decrypt reported that Samsung Wallet introduced Solana-based USDC accounts for eligible U.S. Galaxy users, built with custody provider Bastion and Coinbase. The service covered approximately 82 million compatible devices, offered fee-free transfers and supported bank withdrawals in more than 60 countries. Credit-card funding carried a 4% fee, and the service was not available in New York.
On legal enforcement, the DIFC Courts published a proposed Dispute Resolution Oracle framework on November 5, according to CryptoBriefing. Participation would be voluntary, with parties selecting a dispute forum in advance. The oracle would validate enforcement instructions and create auditable blockchain records; courts, arbitration and mediation would continue to resolve disputes through traditional processes. It was a proposed framework, not a replacement for judicial decision-making.