One of the most manual processes in structured finance now runs in a day. Together with @PwC , @eos_solutions , @StellarOrg and @AllUnityStable , we have built an end-to-end infrastructure for automated securitization settlement. A monthly settlement cycle that takes 30 days or more today now completes in a single day. The entire waterfall logic of a securitization runs directly in a smart contract. Investor allocations are calculated automatically and settled almost in real time in a regulated euro stablecoin, fully auditable and compliant with the EU Securitization Regulation. Within the project, tokenforge served as the technical implementation partner, responsible for the smart contract logic and the underlying platform components. PwC led the concept and regulatory design, EOS contributed the process expertise from receivables management, AllUnity issued the regulated e-money, and the infrastructure is built on Stellar. This is among the first productive applications worldwide to combine the waterfall logic of securitizations with blockchain-based settlement and regulated e-money in one end-to-end process. Read more ⬇️

Tokenization shouldn't start with a migration project. TokenSuite connects into the systems an issuer already runs, from payment rails to CRM, ERP and email. One integration layer. Not a replacement. That's TokenSuite.

Infrastructure shouldn't impose its own shape on an issuance. TokenSuite assembles around the requirements instead, with modules that fit the deal, compliance present rather than added, and no tie to a single chain. Modular. Compliant by default. Chain-agnostic.

TKFG RWA Digest (Week 42, Oct 12 – Oct 18, 2026) The institutions that move markets are now moving into tokenization on the record. ECB President Lagarde signaled the ESM will issue on Pontes. Goldman, Wells Fargo and Morgan Stanley called it a growth play in Q3 earnings. BNY completed the first tokenized Treasury triparty repo. 1. Lagarde Signals ESM Plans Tokenized Issuance on Eurosystem's Pontes @ecb President Lagarde confirmed the European Stability Mechanism will soon issue in tokenized form on Pontes at an EU finance ministers meeting. Central bank money settlement for European sovereign tokenized assets is now live and in use. ledgerinsights.com/lagarde-s… 2. Singapore Issues Second Tokenized Bill Settled in Wholesale CBDC @MassGov issued a S$10M tokenized bill settled in wholesale CBDC on the SGD testnet, its second issuance in a month. Building capability to bring tokenized assets and tokenized central bank money together on common infrastructure. ledgerinsights.com/singapore… 3. BNY and Citadel Securities Complete First Tokenized Treasury Triparty Repo @BNYglobal and @citsecurities completed the first use of tokenized assets on a major triparty repo platform. 2-year US Treasury settled near-instantly on BNY's digital ledger and used as overnight repo collateral. bny.com/corporate/global/en/… 4. Goldman, Wells Fargo and Morgan Stanley Call Tokenization a Growth Play in Q3 Earnings @GoldmanSachs CEO David Solomon compared tokenization to the shift toward electronic trading. @WellsFargo focused on money transmission. @MorganStanley on advisory services. All three see opportunity, not threat. coindesk.com/business/2026/1… 5. Citi Sizes Tokenized Collateral Savings at $346M Per Major Bank Annually @Citi estimates $346M in annual funding cost savings per G-SIB from tokenized collateral mobility, based on $15B in idle collateral per institution. Developing a model to enable Asian CCP margin calls using tokenized US Treasuries in real time. tokenizationinsight.com/post… 6. Morgan Stanley Targets Q1 2027 for Tokenized Equities on Its ATS @MorganStanley now targets Q1 2027 for tokenized equities on its ATS. Head of digital assets Amy Oldenburg projects tokenized RWA market will reach $3-10T by 2030 without question. theblock.co/news/markets/202… #Capitalmarket #Digitalfinance #RWA #Tokenization

Catch our Founder & Managing Director @MoritzStumpf on stage with @PwC and @eos_solutions. See you there!

tokenforge at the Frankfurt Finance & Future Summit. Our CPO and Co-Founder Markus Kluge will join the panel "The Future of the Financial Industry", alongside Michael Theurer, Member of the Executive Board of the @bundesbank , Hubertus Väth, Managing Director of @FMFdigital, and Lucas Zaehringer, CEO of Planet2050. The discussion will cover capital markets, fintech, digital financial services, the digital euro, the Capital Markets Union and new asset classes. A timely conversation, just weeks after settlement of tokenized assets in central bank money went live in Europe. 📅 Wednesday, 21 October 2026, 4:30 pm, Frankfurt Looking forward to great conversations in Frankfurt!

What does it actually take to tokenize an issuance? Not in theory, but in practice, with real issuers, real requirements and real regulatory questions. We have been working on exactly that since 2021: 50+ projects across five European countries, including the first eWpG-compliant securities issuance in Germany. At the 7th Berliner Fintech Gespräche at @OsborneClarke, our Co-Founder and CPO @markuskluge joins the panel "Technologie im Praxistest" to discuss what digital issuances look like in practice and which questions companies should answer before they start. 7th Berliner Fintech Gespräche: Alternative SME financing when the bank loan becomes the bottleneck. 📍 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Osborne Clarke, Schinkelplatz 5, 10117 Berlin 🗓 𝗗𝗮𝘁𝗲: 15 October 2026 ⏰ 𝗧𝗶𝗺𝗲: 5:00 to 8:00 pm Registration: sites-osborneclarke.vuturevx…

TKFG RWA Digest (Week 41, Oct 05 – Oct 11, 2026) tokenforge and PwC Germany cut securitization settlement from 30 days to one day on Stellar. The UK named six lead managers for the world's first potential G7 sovereign digital bond. Luxembourg is planning Europe's first benchmark DLT-native government bond. Sovereign governments are issuing on blockchain. tokenforge is building the infrastructure they settle on. 1. PwC Germany and tokenforge Cut Securitization Settlement from 30 Days to One Day @PwC, @StellarOrg, @tokenforge and @AllUnityStable built automated securitization waterfall infrastructure on Stellar, reducing monthly settlement from 30 days to one day. MiCA-compliant euro stablecoin settlement in near real-time. First of its kind in the European capital market. pwc.de/de/pressemitteilungen… 2. UK Names Six Lead Managers for DIGIT, the First Potential G7 Sovereign Digital Bond @HMTreasury appointed @Barclays, @HSBC, @LloydsBank, @MorganStanley, @NatWestGroup and @RBC as lead managers for DIGIT. First sovereign digital bond by a G7 nation expected Q1 2027, hosted on @HSBC Orion and listed on LSE Group. ledgerinsights.com/barclays-… 3. Luxembourg Plans Europe's First Benchmark-Scale DLT-Native Government Bond of EUR 1B+ Luxembourg's Finance Minister confirmed a digitally native government bond of at least EUR 1B, potentially EUR 3B, on @clearstream_io's D7 platform later this month. ECB collateral eligible. First benchmark digital bond from a European government. ledgerinsights.com/luxembour… 4. Dutch Central Bank and AFM Call for Legal Change to Support Natively Digital Securities @DNB_NL and AFM nl called for Dutch law changes to accommodate natively digital securities. Germany, Luxembourg and France have already amended their laws. The EU DLT Pilot Regime alone cannot solve the problem. ledgerinsights.com/dutch-cen… 5. Crédit Agricole Assurances Invests EUR 100M in Tokenized Amundi Money Market Fund Crédit Agricole Assurances invested EUR 100M in tokenized shares of @Amundi_ENG's Cash EUR MMF with CACEIS as tokenization agent. Europe's largest asset manager continues building out its tokenized fund business across its EUR 2.4T platform. ledgerinsights.com/dutch-cen… 6. Securitize Launches Global Onchain Trading of 12 U.S. Stocks @Securitize launched 1:1-backed security entitlements to AAPL, MSFT, NVDA, TSLA, META and 7 others on Solana for eligible investors in the U.S. and EU. Expected to trade on @NYSE's 24/7 digital ATS and OKXICE's tokenized venue. prnewswire.com/news-releases… 7. IMF Puts Tokenized RWAs at $65B and Flags Legal and Interoperability Gaps @IMFNews counted $65B in outstanding tokenized RWA value as of July, led by credit at $30.4B and MMFs at $17.5B. Tokenized repos already average $300-350B in daily volume. Legal uncertainty and poor interoperability flagged as key obstacles. cointelegraph.com/news/imf-f… #Capitalmarket #Digitalfinance #RWA #Tokenization

A securitization settlement cycle, reduced from 30 days to one, live on @StellarOrg. tokenforge led the technical implementation.

Settlement in a securitization follows fixed contractual rules, yet each monthly cycle still takes 30 days or more. The delay does not come from the rules. It comes from the coordination required to apply them. The structure is familiar. A pool of receivables sits in a special purpose vehicle that has issued notes to investors across several tranches. Each month, incoming cashflows are allocated to those notes according to a strict waterfall, with the correct amount calculated per tranche. In practice, that calculation is still largely manual. Figures are prepared, often in spreadsheets, then reconciled across multiple intermediaries, approved, instructed and executed. Each step sits with a different party. The result is one of the most paper-intensive processes in structured finance, and investors wait with limited transparency throughout. Together with @PwC, @eos_solutions , @StellarOrg and @AllUnityStable , we automated this process. The waterfall logic executes directly against the contractual rules, with allocation and distribution handled on-chain and settled in regulated e-money. The rules are unchanged. The monthly cycle now completes in a day.