RWA

The Republic of the Marshall Islands executed the first on-chain universal basic income payout using USDM1, a dollar-backed sovereign bond, on the Stellar blockchain. The ENRA program delivers instant digital transfers to residents on remote atolls, replacing physical cash deliveries. The rollout was updated on December 17, 2025.

São Paulo's Court of Auditors plans to register every document from Brazil's first public real-estate auction on a blockchain, covering the sale of ten warehouses. According to local media, auction platform Nordeste Leilões will run the process with InspireIP to deter fraud and bolster transparency. The government announced on October 21 its updated crypto framework, and BCB's AML/CFT rules are slated to begin in February 2026.

On Tuesday, Stani Kulechov outlined Aave's 2026 roadmap and said the SEC's four‑year investigation has ended, citing a letter dated Aug. 12, 2025. The plan centers on Aave V4's Hub‑and‑Spoke design, scaling Horizon to $1 billion in RWA deposits, and expanding a new mobile app. He also disclosed a $9.8 million AAVE purchase.

Sberbank is piloting DeFi tools and expanding regulated crypto-linked investments, with total issuance around 1.5 billion rubles. Executives outlined the approach at the "FI Day. AI & Blockchain" conference in Moscow, while the bank engages the Bank of Russia and Rosfinmonitoring on qualified investor access to digital assets.

Bhutan and Cumberland DRW signed a multi-year MOU to develop a crypto ecosystem in Gelephu Mindfulness City. The plan emphasizes talent building, national stablecoin infrastructure, sustainable mining, and AI compute. Bhutan also launched the gold-backed TER token on Solana, issued via GMC, with DK Bank as custodian and distributor.

JPMorgan Asset Management has launched My OnChain Net Yield Fund, a tokenized money‑market vehicle on Ethereum, according to company filings and industry reports. The bank seeded the fund with $100 million at launch, targets qualified investors via Morgan Money, and offers token shares representing direct ownership of portfolios composed of US Treasuries and repo agreements.

Over the past three months, Bitcoin declined about 26% but still held up better than most major crypto sectors, including Ether, AI tokens, memecoins and real-world asset tokens. Several analysts say the figures highlight a market where capital remains concentrated in BTC, which many investors currently treat as a relatively safer option within the crypto space.

Grayscale's 2026 outlook, published on Monday, projects Bitcoin to reach a new all‑time high in the first half of 2026, driven by institutional demand and clearer U.S. regulation. The report anticipates bipartisan market‑structure legislation and stablecoin growth under the GENIUS Act, alongside themes like tokenization and DeFi lending, while downplaying quantum computing and DATs as market drivers.

Tokyo-based SBI Holdings is partnering with Startale Group to issue a yen-denominated stablecoin in Q2 2026. According to the companies, Shinsei Trust & Banking will oversee issuance and redemption, while SBI VC Trade will manage circulation. The firms say the stablecoin market exceeds $300 billion and remains concentrated in U.S. dollar assets.

JPMorgan Chase has introduced the tokenized My OnChain Net Yield Fund on Ethereum with $100 million in internal seed capital, targeting institutional and high-net-worth investors. The fund, operated by JPMorgan Asset Management via the Kinexys platform, tokenizes money market fund shares and focuses on bond-based assets. Ethereum's role in on-chain financial products continues to grow as its market value and dominance evolve amid recent price declines.