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|

US Regulation

Howey Test

The Howey Test is the US Supreme Court's four-prong framework determining whether a transaction constitutes an 'investment contract' and thus a security.

Donovan Vanderbilt · February 24, 2026 · 3 min read

US Crypto Policy Risk: What Changes Under the New Administration Mean for Tokenization

SAB 122 reversal, Crypto Asset Task Force, FIT21 status, 2025-2026 regulatory priorities, state vs federal tension, and institutional tokenization programme implications examined.

Donovan Vanderbilt · February 24, 2026 · 12 min read
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