Key facts
- The market for active tokenized RWAs has surged 589% since early 2025.
- Bonds and money market funds added $6.5 billion in value to tokenized RWAs, while tokenized stocks jumped 422%.
- Kraken launched tokenized shares (SPCXX) for the SpaceX IPO, backed 1:1 by equity and tradable 24/7.
- Prediction markets generated $36.6 billion in volume in Q1 2026, exceeding onchain gambling's $14 billion.
- Sam Bankman-Fried has formally applied for a presidential pardon from U.S. President Donald Trump.
Tokenization continues to be a robust growth area within the cryptocurrency industry, demonstrating resilience despite broader market volatility and regulatory uncertainty. This trend is highlighted by the significant increase in tokenized real-world assets (RWAs), with bonds and money market funds adding substantial value and tokenized stocks experiencing rapid growth.
Kraken has amplified this momentum by launching tokenized access to the highly anticipated SpaceX IPO through its xStocks platform. Eligible users in over 110 markets can now participate in the offering, receiving SPCXx tokens that are backed 1:1 by the underlying equity and tradable around the clock. This move comes as demand for tokenized equities accelerates, with SpaceX's IPO reportedly oversubscribed.
Beyond equities, prediction markets have emerged as a significant force, surpassing onchain gambling in volume for the first time in Q1 2026. This growth underscores the increasing adoption of blockchain for diverse financial applications. Meanwhile, traditional financial institutions are also expanding their blockchain initiatives, signaling broader industry acceptance.
In a separate development, former FTX CEO Sam Bankman-Fried has formally applied for a presidential pardon from U.S. President Donald Trump, adding another layer to his legal strategy following his conviction and sentencing.