TOKENIZATION COMPLIANCE
The Vanderbilt Terminal for Global Tokenization Regulation
INDEPENDENT INTELLIGENCE FOR DIGITAL ASSET COMPLIANCE
Global RWA Tokenized: $18.9B ▲ +142%| MiCA Status: Live ▲ Dec 2024| VARA Licensed Platforms: 80+ ▲ +12| SEC Actions YTD: 14 ▲ +3| Tokenized Bonds Issued: $10.2B ▲ +68%| BlackRock BUIDL: $531M ▲ Mar 2024| STO Volume YTD: $3.8B ▲ +44%| Active Jurisdictions: 20+ ▲ +4| Global RWA Tokenized: $18.9B ▲ +142%| MiCA Status: Live ▲ Dec 2024| VARA Licensed Platforms: 80+ ▲ +12| SEC Actions YTD: 14 ▲ +3| Tokenized Bonds Issued: $10.2B ▲ +68%| BlackRock BUIDL: $531M ▲ Mar 2024| STO Volume YTD: $3.8B ▲ +44%| Active Jurisdictions: 20+ ▲ +4|

Digital Bonds

HSBC Orion: Digital Bond Tokenization Platform

HSBC Orion issued the world's first government tokenized bond via distributed ledger — a HK$1B green bond in February 2023 — and has continued digital bond and structured product issuances.

Donovan Vanderbilt · February 24, 2026 · 7 min read

SIX Digital Exchange (SDX): The World's First Regulated Digital Securities Exchange

SDX holds the world's first FINMA DLT Trading Facility license, operates on R3 Corda, and settled the World Bank's CHF 200M digital bond with atomic DvP on a T+0 basis.

Donovan Vanderbilt · February 24, 2026 · 10 min read

Société Générale FORGE: Digital Bond Issuance and Institutional Tokenization

SG-FORGE has issued EUR 100M in digital bonds on Ethereum using ERC-3643, issued covered bonds as NFTs, and holds a French PSAN registration for digital asset services.

Donovan Vanderbilt · February 24, 2026 · 8 min read
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