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|

Orion

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
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