Ethereum News Update: ISO 20022 Connects Blockchain with Banking Sector, Unlocking $100 Trillion Market
- UBS and Chainlink executed first onchain tokenized fund redemption using ISO 20022 standards, bridging blockchain and traditional finance. - The pilot with Swift enabled standardized subscriptions/redemptions, streamlining RWA settlements without custom integrations. - Tokenized U.S. Treasuries now value $8.6B, with institutions like BlackRock and Deribit adopting them as collateral despite liquidity challenges. - Ethereum dominates 75% of tokenized RWAs and 60% of stablecoins, with Standard Chartered pr
UBS and
This pilot, run in partnership with Swift and
Tokenized money-market funds (MMFs), which invest pooled cash into short-term U.S. government debt, are increasingly being used as collateral in trading, lending, and repo markets. BlackRock’s BUIDL, the largest tokenized MMF, currently manages $2.85 billion, followed by Circle’s USYC and Franklin Templeton’s BENJI, holding $866 million and $865 million, respectively. Institutional uptake is on the rise, with exchanges such as Deribit and Bybit accepting tokenized Treasuries as collateral, and DBS Bank in Singapore piloting tokenized funds for repo deals.
Although the sector is expanding, obstacles remain. Regulatory rules restrict most tokenized funds to Qualified Purchasers, keeping retail investors out, while limited liquidity and set redemption periods reflect traditional fund structures. Additionally, exchanges often apply discounts to tokenized assets due to their lower liquidity compared to standard Treasuries. For instance, Deribit reduces margin requirements by 10% for tokenized collateral.
The outlook for the sector is optimistic.
There is ongoing debate about Ethereum’s architecture, with
Tokenized Treasuries surpass $8.6B as banks and exchanges expand collateral applications
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