Asia's institutional read on tokenisation.
Track Asia's developments on every front, stay ahead of the global moves reaching you next, and build from a foundations-to-playbooks reference library that makes the market legible.
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Tracking 150 institutions across 11 jurisdictions · 29 live deployments · licences mapped across 16 jurisdictions · Singapore, Hong Kong, Japan and Korea covered in depth
Institutions tracked
Asia and global · 17 marks, each links to a profile
Live wire
Updated 14 September 2026DBS, OCBC and UOB complete first interbank tokenised deposit payments on Swift Ledger
DBS , OCBC and UOB have completed live domestic Singapore dollar transactions using tokenized deposits on Swift’s blockchain based ledger , marking the first time the three…
India begins tokenising $620 billion corporate bond market with digital rupee settlement
DBS, OCBC and UOB settle live SGD transactions via Swift's blockchain ledger
S&P Global leads $110m Kaiko Series B extension with major TradFi backers
S&P Global has led a Series B extension for Kaiko, the digital asset data provider, bringing the round’s total to $110 million.
OSFI Confirms Tokenised Deposits Are Legally Equivalent to Traditional Deposits
Canada’s Office of the Superintendent of Financial Institutions (OSFI) has issued a statement on tokenized deposits clarifying that the use of blockchain technology does not...
ECB Paper Finds Fed Rate Signals Transmit Poorly to DeFi Stablecoin Yields
Working Paper Series
SEBI launches Demat 2.0 pilot for tokenised corporate bonds
- India began tokenising its roughly $620 billion corporate bond market on 8 September 2026 under SEBI's Demat 2.0 pilot, with state lender REC issuing a ₹5 billion tokenised bond settled via wholesale digital rupee and subscribed almost eight times over, followed by L&T and IIFL issuances taking the pilot total to ₹10.25 billion ($107 million) by 9 September.
- DBS, OCBC and UOB completed the first live interbank Singapore dollar tokenised deposit transactions on Swift's blockchain ledger on 10 September 2026, extending the ledger from cross-border to domestic always-on payments across all three local banks.
- Nasdaq committed $100 million to Kraken parent Payward at a $21 billion valuation on 10 September 2026 and set Q2 2027 for the launch of Nasdaq Equity Tokens, the first public timeline for a tier-one exchange group's native tokenised equities.
The markets
Asia first, then reference markets · flip a tile for highlights
Licensing
Full matrix by activity →Which licence a stablecoin or tokenisation operator needs, jurisdiction by jurisdiction, every cell sourced or marked research-needed.
Learn and reference
the library beneath the newsPlaybooks and perspectives
Decision-support for the call you are making, with opinion where the read could be wrong.
The wiki and data
Jurisdictions, institutions, projects, and themes, plus the sourced data series.
Foundations
The core model: what tokenisation is, why it matters, the concepts everything else builds on.
Mechanics
The technical layer beneath Foundations: token standards, custody, finality, the implementation detail.
Asia-first tokenisation coverage, distilled to one email. Every Monday morning Singapore time: the week's material developments by desk, and what's worth watching next.