RWA Weekly Roundup Wall Street is embracing tokenization. This week, Goldman's CEO called tokenization a trading growth engine, BNY and Citadel completed a live tokenized Treasury repo workflow, and Solana confirmed it has become a serious onchain RWA network with $4.6 billion in tokenized assets — up from $700 million a year ago. Latest tokenization news ↓ 1️⃣ Goldman Sachs CEO frames tokenization as a trading growth opportunity David Solomon told investors this week that tokenization could expand Goldman's trading business by creating new products, attracting new client types, and opening broader distribution channels. Wells Fargo's CEO added similar framing, viewing onchain infrastructure as a way to extend reach rather than disrupt existing business. The largest names on Wall Street are no longer approaching tokenization defensively. They are building for it competitively. 2️⃣ BNY and Citadel Securities complete first live tokenized Treasury triparty repo workflow The two firms completed a transaction in which a tokenized US Treasury settled in minutes before being immediately deployed as collateral for overnight financing. End-to-end: issuance, settlement, and collateral deployment, all onchain, in sequence, with no manual processing between steps. The transaction is a working demonstration of what programmable fixed income infrastructure looks like in production. 3️⃣ Ripple Prime launches RWA perpetual swaps with Hyperliquid integration Announced October 19, Ripple Prime introduced RWA perpetual swaps and integrated with Hyperliquid's traditional asset markets. Synthetic exposure to real-world assets is now accessible through one of the most liquid onchain derivatives venues with XRP Ledger's $4.47 billion in represented assets forming part of the collateral infrastructure behind it. 4️⃣ Solana tokenized assets grew 6x in one year to $4.6 billion Tokenized assets on Solana reached a record $4.6 billion by end of September, up from approximately $700 million twelve months earlier. The network now hosts tokenized financial securities, credit products, and yield-generating instruments, and led net flows of tokenized RWAs at the start of September. Solana has narrowed the gap with Ethereum as the default home for onchain real-world assets. 5️⃣ VersaBank enters commercial phase of its US tokenized deposit program VersaBank moved from pilot to commercial operations for its blockchain-based US dollar deposit product, with plans to offer the underlying technology to other banks. A white-label tokenized deposit infrastructure player is now live and building outward. Tokenized deposits are becoming a product category with multiple providers, not just an experiment at the largest banks. 6️⃣ ECB's Lagarde advances digital euro to defend EU financial autonomy ECB President Christine Lagarde pushed forward the digital euro's development timeline, framing it explicitly as a tool to preserve European financial sovereignty as US dollar stablecoins extend their reach across global payments. The EU's programmable settlement layer is now a geopolitical priority, not just a monetary one. Closing note A Goldman CEO called tokenization a growth engine. A live triparty repo ran on blockchain. A network that held $700 million in tokenized assets a year ago now holds $4.6 billion. Wall Street is not watching tokenization from a distance anymore. It is building inside it.

Honeywell, NVIDIA and Dell are bringing AI-powered twins into building operations. Building operators already collect a lot of data from HVAC systems, sensors and maintenance tools.. The real challenge is figuring out which problems need fixing and what changes will actually make the building run better. On October 14 Honeywell announced Forge Cognition. This new system uses technology from NVIDIA and Dell Technologies. The platform combines real time digital twins with AI agents. It helps facility teams look into alarms, spot equipment issues early and check energy savings. Honeywell shared results from a pilot at NVIDIA’s Voyager campus. The results were promising: - Up to 90% unnecessary alerts - Potential energy and utility savings of up to 10% - A comfort score above 95% These numbers come from an early test.They show how smart buildings are getting closer to real-world use.