The tokenized stock market expanded past $4.4 billion across 36 issuers, with deposits in decentralized finance protocols surpassing $300 million by October 2026

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The DTCC launched its DTCC Tokenization Service, allowing clients to convert traditional securities into digital tokens backed one-for-one by assets

The SEC's Innovation Exemption framework permits qualifying venues to offer round-the-clock, blockchain-based trading of National Market System stocks using automated market makers through September 17, 2031

OKXICE is a 50-50 joint venture between New York Stock Exchange parent Intercontinental Exchange and crypto exchange OKX

Under the SEC's five-year Innovation Exemption, trading venues must notify issuers and grant them a 30-day window to object in writing to block third-party tokenization of their shares

OKXICE plans to execute 24/7 tokenized stock trades settled in stablecoins through permissioned automated market maker pools using Uniswap v4 on OKX's XLayer blockchain

The Depository Trust Company holds over $114 trillion in assets under custody while extending its custody, governance, and operational standards to digital market transfers

SEC Chairman Paul Atkins stated upon announcing the SEC's September 17 Innovation Exemption order that it allows trading in a permissioned environment while the commission considers further action

The Securities Industry and Financial Markets Association submitted an October 19, 2026 comment letter urging the SEC to adopt affirmative issuer consent, establish a central objection system, and extend the 30-day objection window to 90 days

DTCC's development roadmap includes adding capabilities for settling transactions with digital cash, broader corporate-action support, and using tokenized securities as collateral

The DTCC Tokenization Service launched with 34 eligible securities representing approximately $30 trillion in market value, encompassing select Russell 1000 large-cap stocks, exchange-traded funds, and U.S. Treasury bills, notes, and bonds

DTCC targets conversion processing times of 15 minutes or less during business hours, with tokenized assets transferable between registered wallets 24 hours a day while DTC retains official ownership records

Industry experts told CoinDesk that the SEC's Innovation Exemption framework tilts issuer choices toward opting out because objecting costs nothing while staying silent permanently allows trading without a withdrawal mechanism

Hyperliquid's HIP-3* upgrade adds optional onchain allowlists managed by deployers to restrict market access, and is available on testnet as of October 26, 2026

Hyperliquid described itself as a neutral infrastructure layer where deployers retain control of and legal responsibility for their own permissioned markets

The standard HIP-3 framework, live since October 13, 2025, allows anyone staking 500,000 HYPE to deploy perpetual futures markets on Hyperliquid

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Aviva Investors launched a tokenized share class of its £22 billion ($29.4 billion) Sterling Liquidity Fund on the XRP Ledger

The Sterling Liquidity Fund tokenization on the XRP Ledger uses a digital twin structure where investor holdings are represented onchain while the fund operates offchain

Aviva Investors' launch of the tokenized Sterling Liquidity Fund share class makes it one of Europe's largest asset management providers of tokenized money market funds

Aviva Investors invested £50 million ($66 million) directly into the new tokenized share class of the Sterling Liquidity Fund on the XRP Ledger, representing 0.4% of its total £22 billion assets

Aviva Investors holds more than £86 million ($114.8 million) invested across its two tokenized liquidity fund offerings, the Sterling and USD Liquidity Funds, on the XRP Ledger