State Street, asset manager and a care bank serving institutional clients, joined the tokenized JPMorgan debt platform as the first Custodian from the outside, enabling the storage of securities based on blockchain on behalf of investors.
The JP Morgan Digital Platform of Don Morgan Services allows institutional clients to trade and account for toxicized debt instruments, which are securities issued on blockchain representing government or corporate bonds.
The asset manager bought $ 100 million to the tokenized commercial debt from a foreign Chinese banking corporation (OCBC), one of the oldest banks in Southeast Asia, in the inaugural platform transactions, according to Thursday announcement.
State Street, founded in 1792, is one of the “Great Three” asset managers, next to Blackrock and Vanguard, with assets worth over $ 49 trillion in custody and an additional 5.1 trillion of dollars of assets under management.
The asset manager expanding the care services for tokenized assets in the real world (RWA) shows the development of a rising sector and signals a milestone, because more established financial institutions interact with digital economy.
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JP Morgan bends in the tokenized RWA because the sector records a triple digital growth
In 2020, JP Morgan launched onyx, a package of services and technologies based on blockchain. She changed the Kinexys project, the RWA tokenization platform in 2024.
https://www.youtube.com/watch?v=owvy6lp9w2a
Oracle Provider Bainlink announced a company with Kinexys in May to facilitate develop payment infrastructure to resolve toxicized RWA transactions between financial institutions.
In June, Kinexys, Bainlink and RWA Platform ONDO Finance ended the transfer of the TOUSG OUSG chain Fund for the short-term Treasura US Fund in June, transferring the digital resource between the testnet Ondo Layer-1 to the compatible kinexys chain.
The founder of LinKLink, Sergey Nazarov, told CointeLgraph that toxaging onchain’s assets increases the speed of capital in the economy, and also strengthens the entire cryptographic ecosystem by blocking value.
“We need more high quality resources, but we also need more payments without friction, from which existing institutions can easily use,” said Nazarov.
The tokenized RWA sector has increased by about 65% from the beginning of 2025, according to market capitalization by over $ 26.4 billion, excluding Stablecouins, in accordance with Rwa.Xyz.
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