The US Federal Reserve will host a workshop on payments innovation and Tokenize on October 21, highlighting the role of RWA, stablecoins, DeFi , and AI in the new payments ecosystem.
RWA onchain value hits all-time high of $27.8 billion, up 223% year-to-date according to RWA.xyz, amid new partnerships like Ondo Finance – Chainlink bringing over 100 US stocks and ETFs on chain for non-US investors.
- Fed to host October 21 workshop on payments innovation, focusing on Tokenize, DeFi–TradFi, stablecoins and AI.
- Onchain RWA reached $27.8 billion, up 223%; Ethereum accounted for 56%, over 77% if layer-2 is included.
- Ondo Global Markets Launches Over 100 Tokenize US Stocks and ETFs on Ethereum for Non-US Investors, in Partnership with Chainlink .
When is the Fed conference and what is its purpose?
The Fed's Payments Innovation Workshop took place on October 21, aiming to promote safety, efficiency and innovation in the payment system, with a focus on Tokenize, stablecoins, DeFi–TradFi and AI.
According to the Board of Governors, the event brought together industry experts to discuss how to continue innovating and improving the payment system. This focus reflects policy priorities following the adoption of a key stablecoin regulatory framework in July, along with the surge in on-chain RWA value. Source: US Federal Reserve, September 3, 2025.
The sessions are expected to cover technical aspects, business models and system security, laying the foundation for public-private collaboration in asset Tokenize standards, instant payments and risk management.
Why does timing matter?
The event comes as RWAs are booming and stablecoin legislation has just been passed, creating a favorable policy-market “window” to discuss scaling.
Onchain RWA values hit record highs, demonstrating strong demand for US Treasury bonds and Tokenize private credit. This is where regulators and the market can agree on investor protection, compliance, and standard interoperability, reducing the risk of technological and regulatory Shard .
What topics will be discussed at the workshop?
Topics include: Tokenize of financial products and services; convergence of traditional finance and DeFi ; stablecoin Use Case and business models; intersection of AI and payments.
Each topic is directly linked to the infrastructure upgrade process: Tokenize helps to Chia ownership and solve T+0; stablecoins optimize cross-border payments; AI supports risk management, anti-fraud. Open discussion on expectations for standardizing oracles, digital identities, and real-time compliance control.
What does Christopher Waller emphasize?
Mr. Waller emphasized the balance between new technology opportunities and challenges, prioritizing payment safety and efficiency, and listening to the parties shaping the future.
“I look forward to XEM the opportunities and challenges of new technology, gathering ideas to improve the safety and efficiency of payments, and listening to those who are helping shape the future of this space.”
– Christopher J. Waller, Governor of the Federal Reserve, September 3, 2025, Federal Reserve Board of the United States
The message shows that the Fed wants to promote responsible innovation. This is in line with international trends of standardizing RWA, ensuring programmability with risk control, and maintaining a technology-neutral but system-safety-oriented Vai .
What is the value of onchain RWA and how is it growing?
Onchain RWA reached $27.8 billion, up 223% year-to-date, according to RWA.xyz. The majority comes from Tokenize private credit and U.S. Treasury debt.
The surge reflects investors seeking safe on-chain yields, supported by high interest rates and a clearer stablecoin regulatory framework. RWA.xyz data also shows that RWA is no longer a niche experiment but is moving closer to core financial infrastructure, especially in fixed income products.
Which Blockchain is Leading the Tokenize Trend?
Ethereum leads with 56% market share (including stablecoins), and over 77% if layer-2 networks are included, according to RWA.xyz.
The Ethereum ecosystem has an ERC standard, rich developer tools, and a strong DeFi application network, suitable for institutional assets. Layer-2 helps reduce fees, increase throughput, while still inheriting Ethereum security. This explains why many RWA products and stablecoins choose to deploy on Ethereum first.
What is Ondo Global Markets?
Ondo Global Markets is Ondo Finance's RWA platform, bringing over 100 US stocks and ETFs on-chain, currently operating on Ethereum for non-US investors.
Announced by Ondo in February and confirmed to be live this week, the platform is described as “Wall Street 2.0.” The approach connects traditional securities assets to onchain infrastructure, expanding trading hours, providing ownership transparency, and reducing settlement and reconciliation times.
What are the benefits of partnering with Chainlink ?
Partnership with Chainlink provides oracle infrastructure and critical data services, supporting valuation, compliance, and multi- chain connectivity for Tokenize assets.
A trusted oracle is a must-have Shard of the puzzle for RWA to synchronize prices, business events, and risk management. The integration helps Ondo leverage data standards, increase transparency and scalability, and reduce information mismatches between the real world and onchain.
What is the potential impact on investors and markets?
Tokenize expands access, liquidation , and transparency, but requires KYC/AML processes, custody governance, securities compliance, and technology risk management.
A stable regulatory framework and compatible technical standards will determine the speed of adoption. As the infrastructure becomes more reliable, pension products, government bond funds, and private credit can increase on-chain allocations, create vibrant secondary markets, and reduce operating costs.
“Combining central bank money, Tokenize deposits, and Tokenize assets on one programming platform could be transformative.”
– Agustín Carstens, Director General of the BIS, speech “Innovation and the future of the monetary system”, 2023, Bank for International Settlements (BIS)
Where could the market go by 2030?
A report by Boston Consulting Group and ADDX (2022) estimates that the size of Tokenize assets could reach $16 trillion by 2030, if regulatory and infrastructure barriers are removed.
This goal requires digital identity standards, Token Standard , oracle mechanisms, and chain interoperability. With policy support and incentives from major financial institutions, bond funds, fund certificates, and securities can drive growth.
Quick comparison of prominent RWA segments
The major segments have different characteristics, risks and target audiences, reflecting their own regulatory requirements and operating models.
| Segment | Value characteristics | Key Risks | Target audience | Chain Chain Platform |
|---|---|---|---|---|
| Tokenize US Treasury Bonds | Safe yield, high liquidation , fast reconciliation | Legal, custody and compliance risks | Recognized organizations and investors | Ethereum, layer-2 |
| Tokenize Private Credit | Higher yields, portfolio diversification | Credit risk, asset data transparency | Licensed Funds, Organizations, Platforms | Ethereum |
| Tokenize US Stocks/ETFs | Extended trading hours, instant settlement | Multi-Region Securities Compliance, Event Data | Non-US Investors (depending on platform) | Ethereum |
Frequently Asked Questions
What will the Fed's October 21 conference be about?
Topics include Tokenize of financial products, DeFi-TradFi convergence, stablecoin Use Case and models, and AI applications in payments. Source: US Federal Reserve.
How big is RWA onchain now?
About $27.8 billion, up 223% year-to-date, mostly in private credit and U.S. Treasury debt. Source: RWA.xyz.
Why is Ethereum leading Tokenize?
Due to the ERC standard, the DeFi ecosystem is large and secure; accounting for 56% of the market share, over 77% if calculating layer-2. Source: RWA.xyz.
Who does Ondo Global Markets serve?
Platform Brings Over 100 US Stocks and ETFs to Ethereum, Now Available to Non-US Investors. Source: Ondo Finance.
What benefits does Tokenize bring to payments?
T+0 speed, onchain transparency, asset Chia , and real-time compliance integration, but require a clear legal framework and unified technical standards.
