Abu Dhabi Global Market (ADGM) announced that it has signed a memorandum of understanding with Chainlink to collaborate on a compliance framework for tokenized assets, which will enable ADGM to use Chainlink's suite of blockchain tools, including price feed data support and interoperability services, to facilitate blockchain innovation under its registration authority.
BlackRock's $500 million Tokenization Fund plans to allocate $34 million to Ethena's RWA investment program.
On May 22nd, Layer1 blockchain Polymesh announced that real estate asset tokenization company REtokens is tokenizing real estate assets worth $30 million through the Polymesh network. The real estate assets currently being tokenized include apartment buildings and townhouse projects located in the United States.
Franklin Templeton has tokenized a $380 million Treasury fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries. The company launched the Franklin OnChain U.S. Government Monetary Fund (FOBXX), which issues shares in the form of BENJI tokens. Each token represents a portion of FOBXX and can be traded on the public Polygon and Stellar blockchains.