🏗️ Equity tokenization infrastructure
🏗️ Equity tokenization infrastructure
🏗️ Infrastructure finally ready
Equity tokenization is becoming the next major frontier after 2024's focus on Treasuries.
The shift toward equity and private markets represents the real opportunity for 2025, with BCG forecasting the tokenization market to reach $18.9 trillion by 2033.
Key developments:
- Equities expected to dominate the tokenization landscape
- Supporting infrastructure finally taking shape
- Private markets gaining traction alongside public equity
This evolution follows 2024's Treasury-focused year, where tokenized U.S. Treasuries saw significant growth and competition among blockchain platforms intensified.
Lesson 3: Equity is emerging as the next frontier. 2024 was Treasuries. 2025 pointed toward the real opportunity: Equity and private markets. The BCG forecast ($18.9T by 2033) suggests equities will represent a major part of the tokenization shift. The infrastructure to
Apollo Global Witnesses ACRDX Leverage on Morpho at EthCC
Apollo Global, a $900 billion asset manager, observed their ACRDX product being leveraged on [Morpho](https://morpho.org) in real-time during a presentation at EthCC. **Key Points:** - Representatives Bhaji and Chris Moyall from Apollo Global presented on stage - ACRDX, Apollo's institutional credit product, demonstrated live onchain utility - The event showcased traditional finance integration with DeFi protocols This follows Apollo's February launch of ACRDX on Morpho, marking a significant step in bringing institutional credit products onchain. The live demonstration at EthCC highlighted how major asset managers are actively exploring decentralized finance infrastructure for real-world financial products.
Centrifuge Launches DespXA on Base Network
Centrifuge has announced the launch of **DespXA on Base**, expanding its onchain finance infrastructure to Coinbase's Layer 2 network. **Key highlights:** - DespXA now available on Base network - Extends Centrifuge's real-world asset (RWA) tokenization capabilities - Leverages Base's lower transaction costs and faster settlement times This integration allows users to access Centrifuge's financial products with improved efficiency on Base's growing ecosystem. [Read the full announcement](http://centrifuge.io/blog/despxa-on-base)
🏦 Tokenized S&P 500 Launches on Base for DeFi Trading
**deSPXA**, a tokenized version of the S&P 500 index, has launched on Base, bringing traditional market exposure to decentralized finance. **Key Features:** - Trade, borrow against, short, or deploy in DeFi strategies - Built by Centrifuge using their deRWA framework - Provides exposure to the [S&P 500 Index Fund](https://twitter.com/JHIAdvisors) managed by JHI Advisors - Licensed by S&P Dow Jones Indices **Integration with Euler Finance:** The token will be available as collateral on [Euler Finance](https://twitter.com/eulerfinance), enabling users to borrow against their S&P 500 exposure, hedge positions, or take directional bets. This development transforms a traditional index into a composable onchain financial instrument, bridging conventional markets with DeFi infrastructure.
Centrifuge Expands Role as Sky Agent in Obex Cohort 1
Centrifuge, a participant in the Sky Ecosystem since 2021, is expanding its role through Obex Cohort 1. The platform is now operating as a Sky Agent, deploying USDS into tokenized yield strategies across institutional-grade assets. **Key Development:** - Evolution from early onchain credit collateral provider to active Sky Agent - Focus on institutional-grade tokenized yield strategies - Part of broader Obex initiative deploying up to $1B across 8 projects **Context:** Obex Cohort 1 includes multiple participants working across structured credit, fintech lending, AI infrastructure, and energy finance sectors. The expansion represents a shift toward more active deployment of stablecoin liquidity into real-world asset strategies.
DeFi Rebuilds Fixed Income Infrastructure for Institutional Capital
DeFi protocols are **quietly reconstructing the traditional fixed income stack** to accommodate institutional capital flows. This development represents a significant shift in how institutional investors can access yield-generating opportunities onchain. **Key developments:** - Traditional fixed income infrastructure being replicated in decentralized finance - Institutional-grade solutions emerging to bridge TradFi and DeFi - Spark protocol expanding its liquidity-as-a-service offerings for institutions [Read the full analysis](https://www.coindesk.com/opinion/2026/03/21/how-defi-is-quietly-rebuilding-the-fixed-income-stack-for-institutional-capital)