BlackRock just told the markets AI will eventually be tokenized Turns out Dell n EQTY Lab already put that exact idea in writing, on hedera-hashgraph:native 9 months ago Since the launch of Verifiable Compute with NVIDIA & Intel... EQTYLabs has been on a tear Let's trace what actually happened. Verifiable Compute itself launched back in Dec 2024 This was a monumental step in establishing AI that could be trusted at the hardware level. Fast forward a year & we see names such as Dell & Accenture getting further involved. Interestingly, both are now also Hedera Governance Council members, likely not just a coincidence. In Dec 2025 Dell & EQTY published a paper titled "Verifiable Compute for Trusted AI" And this is the first time the idea was spelt out directly. Prior to this we already knew Hedera Consensus Service was the foundation to establishing said trust. But now within this paper, Hedera Token Services was positioned to tokenize AI data, models & agents. Running on real hardware too: Dell PowerEdge R760, NVIDIA H100. Four pillars laid out for what this actually does: • Create Agents – auditable records of an agent's components n training • Provision Agents – tamper-proof credentials, validated anywhere • Govern Agents – authenticate what an agent's doing, control its actions • Network Agents – align agent-to-agent interactions at runtime For the first time we truly saw an overlap of tokenization merging with AI. While not the only development since though. January 2026, Davos, Hedera starts calling EQTY the "trust layer for AI systems" publicly. Same event pushing tokenization past stablecoins into equities n RWAs. March 2026, NVIDIA GTC, EQTY launches Verifiable Runtime, governance for autonomous AI agents on NVIDIA's Enterprise AI Factory. Same agent-credentialing language the Dell paper described running on HTS, three months prior. There's also a deeper layer worth noting here. BlackRock's near-term AI-agent thesis leans on x402, agents paying each other over HTTP-native rails. x402 just got its own foundation, launched by the Linux Foundation in July 2026. Hedera's relationship with the Linux Foundation isn't new or adjacent either. We've already seen the ties via Linux Foundation Decentralized Trust's Project Hiero built entirely on Hedera's codebase. On top of this, Hedera had also just recently committed their CLPR cross ledger protocol to Linux too! So by the time BlackRock's citing x402 as the rail AI agents will transact over... Hedera's already sitting inside the same Linux Foundation home x402 just planted its flag in With the agent trust layer AND the payment rail both already built. –––––– BlackRock's framing AI-tokenization as the next horizon. Dell n EQTY Lab put the thesis in writing on Hedera back in December. The trust layer, the payment rail n the open governance home were already there waiting.

Earlier this year we saw $XLM x $ZBCN become official The focus was specifically around payroll infrastructure A market worth over $100 Bil in itself. And now the partnership has officially advanced to live government benefits across Europe! Let's trace back how we got here. June 2026, Zebec initially launches enterprise payroll on Stellar Network Its first major deployment beyond Solana Companies can now pay global employees n contractors in stablecoins All compatible with instant wallet n card access

It's been about a year since the $HBAR x PwC partnership made headlines. But now things are kicking into action. The focus of this first step is around tokenized ESG & supply chain infrastructure Let's dive deeper The Hashgraph Group partners with PwC Switzerland & PwC Germany bck in Nov 2025 Aligned to GRI, TCFD & SASB regulations. Then things went silent for about a year. Fast forward to today... Merck, PwC Germany & The Hashgraph Group launch cocoa traceability on Hedera TrackTrace Digital Product Passport Digital identity for every cocoa batch M-Trust from Merck for physical authentication And PwC handing the implementation & governance. And the timing for this is perfectly planned. EU Deforestation Regulation goes live Dec 30 2026 And right now over 2 million African farms still move cocoa through opaque middlemen networks with zero digital paper trail The exact provenance issue Hedera & PwC are solving We've seen big professional services firms enter DLT rapidly over the past few years. And the common thread amongst many of the big ones like Deloitte, KPMG, PwC, EY & more? Hedera's name seems to be popping up as viable infrastructure time and time again.

The RWA space continues to rapidly evolve In the past few years, we've seen everything from US Treasuries Money Market Funds Stocks/Equities Real Estate And now injective-protocol:native is bringing another asset class. There are now over $1 Bil in tokenized mortgages on Injective Protocol through Pineapple Financial. Pineapple also holds a $100 Mil treasury position of INJ Now let's talk about why mortgages specifically matter Mortgages are one of the most fragmented, paperwork-heavy products in all of finance. Loan servicers, custodians n counterparties all working off separate systems, separate documents. Verifying who owns what, under what terms, becomes a multi-party headache instead of a simple lookup. We've seen what happens when ownership tracking breaks down before. 2008 is as perfect of an example of why on-chain records and ownership is fit for mortgages. Each tokenized record on Injective carries 500+ data points, Borrower info Loan terms Risk metrics The mortgage itself stays exactly where it is, under its normal legal n servicing framework. The onchain record is a verifiable digital counterpart, giving every authorized party the same source of truth. N Pineapple isn't just tokenizing mortgages on the network n walking away. That $100 million INJ treasury position gets staked directly, helping secure the very network their loan book runs on. The concept of a publicly listed firm opening a crypto treasury is still relatively new. And seeing Pineapple go beyond just an INJ treasury but into real world use speaks volumes

The RWA scene in Brazil's expanding And $XDC has been at the centre of it None of this happened overnight though. In fact, XDC's first steps in Brazil weren't even catered towards RWAs... It was infrastructure for government level verification. Let's trace the steps back. Serpro, Brazil's state-owned tech company, integrated XDC Network back in Aug 2024 The focus was around KYC/KYB/AML verification. Reducing financial fraud across Brazil's digital asset ecosystem at the government level. Then came the institutional tokenization deals. April 2025, Liqi Digital Assets partnered with XDC, targeting $500 million in RWA issuances. Liqi's cumulative tokenized operations passed BRL 1.2 billion by early 2026 Including BRL 600 million in just the first two months of the year alone. What makes Liqi's number interesting is the shape of it, not one large fund, nearly 2,000 small n medium instruments. Tokenized credit rights, receivables certificates, FIDC-adjacent structures, issued n settled continuously. These are real world trade finance assets coming on-chain onto XDC Network. Exactly what the ecosystem had been built for since Day 1 of XDC's beginnings. Then July 2025, VERT Capital, a Brazilian credit structuring n securitization firm, signed on to tokenize up to $1 billion in debt n receivables over 30 months. VERT's existing clients include Cargill, Santander n Raízen. With already $75 Mil in tokenized trade receivables, it's clear theres real world utility and value here. Mercado Bitcoin also worked with TradeFinex on XDC, launching Brazil's first ever RWA fixed income token. None of this happened in a regulatory vacuum either. Brazil's Central Bank finalized its stablecoin framework, effective February 2026. CVM, Brazil's securities regulator, maintained a sandbox-friendly posture toward tokenized securities specifically. Giving issuers like Liqi n VERT validated, regulated structures to actually build within. Government-backed identity infrastructure first. Then institutional-grade tokenization at scale. Then a regulator that built the rails to support both. All of this and more... It's seeming like XDC will be a core player in Brazil's future towards transitioning on-chain

$HBAR Council just added two new partners... Yet neither of them are actually NEW faces to the Hedera ecosystem These two are WiSeKey and SpaceDev Both have already utilized Hedera in their own respective ways around edge IoT & sustainability. Let's break it down further. WISeKey, based in Switzerland, a global expert in cybersecurity, digital identity n IoT. They're now Hedera's 4th official Strategic Partner, joining Global Blockchain Business Council, Halborn n the Institutes RiskStream Collaborative. One of WISeKey's subsidiaries, SEALCOIN AG, runs the SEALCOIN platform. Enables autonomous exchange of verified, high value data, secured by post-quantum cryptography. Earlier this year, Hashgraph Group launched the QAIT Q-Day Security Assessment Platform directly on the SEALCOIN Quantum Marketplace. Built to help enterprises n governments evaluate n mitigate cybersecurity risk from quantum computing specifically. On top of this, we've seen SEALCOIN's satellites in space leveraging HCS directly! Now SpaceDev. Hedera Council's 8th Community Partner, a Latin American software company based in Uruguay. What's interesting here is that SpaceDev is already familiar with Hedera thru Council Member B4E. Their use of Hedera consists of turning carbon capture initiatives into auditable on-chain assets. SpaceDev's built software for platforms including Tether, WalletConnect, Rarible n UFC Strike. –––––– These partners aren't new to Hedera whatsoever. Which makes this carry even more weight. If Hedera wasn't officially deemed enterprise ready, these enterprises would've flocked elsewhere. Instead we continue to see names from legacy build and continue staying on Hedera.

$QNT has been the foundation to tokenized deposits... Just take a look at the past few years UK GBTD Dentsu Soken & DCJPY LACChain Germany CBMT (Oracle) Financial institutions are beginning to converge on the alignment of tokenized deposits Quant's made the vision possible in multiple nations Let's break down all four. Start with the UK. GBTD, Great British Tokenised Deposits, coordinated by UK Finance. Built on Quant's Overledger and PayScript, running across seven UK banks and building societies. Live transactions starting in Q4. And reminder that GBTD Orchestration Layer has also been added to the Bank of England's Sync Lab. GBTD Orchestration = Overledger Now Japan. Quant partnered with Dentsu Soken in January to bring programmable settlement & tokenized deposits to Japanese banks. Dentsu Soken cited Quant's GBTD track record directly as the reason for the partnership. Dentsu Soken also serves as the technology provider behind DCJPY, Japan's bank-backed digital currency platform. Now over to Latin America with LACChain. Through recent highlight presentations of LACChain's rebrand to LNET, we've seen slides of Overledger building around tokenized deposits for LACChain. Germany is an interesting case. CBMT, the Commercial Bank Money Token initiative, runs on Oracle's blockchain infrastructure. Oracle's entire DLT product offering, Oracle Blockchain Platform Digital Assets Edition & Digital Asset Nexus for FinTech, is powered by Quant's Overledger. Meaning CBMT is running on Overledger through the backends. Commerzbank, Deutsche Bank, DZ Bank and UniCredit are the participating banks. –––––––––––––––––––––– UK. Japan. Latin America. Germany. Four different tokenized deposit initiatives, four different regions. Same foundation underneath every single one.

The Ripple Evernorth announcement for an $XRP Treasury is nearing 1 year now It made headlines non-stop for a week Then things seemingly went radio silent Many assumed it was nothing more than hype. But about a year later... And it seems the silence has ended and XRP is closer than ever to having a publicly listed treasury on the Nasdaq October 20, 2025. Evernorth announces its launch alongside a signed business combination agreement with Armada Acquisition Corp. II. Armada had only IPO'd in May 2025, raising roughly $230 million. Evernorth's own raise dwarfed that number. Over $1 billion in gross proceeds from institutional participants. $200 million from SBI Holdings alone. Ripple, Pantera Capital, Kraken, GSR, and Arrington Capital. We'd seen crypto treasuries like INJ and SOL publicly listed through a company. But nothing to the scale and size of what Ripple and company are doing with XRP. But it's important to clarify... Evernorth isn't an ETF. It's a treasury company, the same model MicroStrategy popularized for Bitcoin. Built to actively grow XRP over time through institutional and DeFi yield strategies, ecosystem participation, and capital markets activity. By December 31, 2025... Evernorth had built that position to 473.1 million XRP. All sourced thru open market purchases & direct contributions from Ripple itself. Fast forward to present day The SEC declares effective the Form S-4 registration statement covering the Armada merger. That clears the way for a special shareholder meeting on September 30 to vote on finalizing the deal. One of the last steps before Evernorth debuts on Nasdaq under the ticker XRPN. If the deal closes as expected, late Sept or into Q4... Evernorth becomes the largest publicly traded XRP treasury vehicle in existence. At least 473 million XRP at launch. It's quite ironic Just a few years back XRP itself was in a lawsuit over securities issues with the SEC Now we're talking about a regulated, transparent, exchange listed structure for public market access to XRP without touching the token. How the tables have turned.

It seems $XDC is now putting a focus on Trade x AI Let's run through it. Plug N Play's collaborative accelerator with XDC's run 3 cohorts total, from RWAs, to DeFi, to now AI XDC also launched XDC AI & QAIX recently Stripe's Bridge integration to XDC also plays into the future of agentic commerce & automated payments. XDC Network's very own XDC AI is certainly something to keep an eye on. It's a marketplace where AI agents discover, purchase n pay for digital services on their own. Runs on Coinbase's x402 payment standard, settled in gasless USDC. Compatible with ChatGPT, Claude, Cursor n Codex. XDC plans to expand the marketplace beyond payments before year end, adding research tools, legal document drafting, travel booking n portfolio management. Certainly quite an interesting step to see from XDC as they build towards AI innovation. But that's not all, Let's now look at QAIX. Launched August 2026, the Quantum, AI, Digital Assets & Industrial Robotics Alliance. A founding-member executive alliance anchored by XDC Tech US. These are some of the most innovative current topics we're seeing in the world of tech. In fact it's not just XDC alone on QAIX. But we've already seen recognition and backing from both NVIDIA & IBM. That alone speaks VOLUMES. Then there's the Bridge integration. XDC integrated Bridge, which was acquired by Stripe for stablecoin settlement rails fit for agentic AI. Businesses can settle invoices in USDC on XDC instead of routing thru correspondent banks. Tokenized asset platforms can process investor capital flows thru virtual accounts tied to stablecoin custody. All this is happening after we recently saw XDC hit a record monthly 27.7 Mil transactions. And masternode validators continue growing. This is a new age for the XDC ecosystem as trade finance matures. An age where the convergence of technical innovation begins to merge with the world of trade finance.

$CC often is treated like a new player in tokenization But the company behind it, Digital Asset's had Wall Street's biggest names involved since 2014 Goldman Sachs CME Ventures JP Morgan Citibank DTCC The history behind Canton goes much deeper. Let's take a trip back in time & see what's led up to everything Canton has done today. Blythe Masters, the former JPMorgan executive, came on as CEO in 2015. That's when institutional backing snowballed. In January 2016, the Australian Securities Exchange selected Digital Asset to build post-trade clearing n settlement infrastructure Then in March 2016, DTCC selected Digital Asset directly... To develop n test a Proof of Concept for managing clearing n settlement of US Treasury, repo transactions Keep in mind this was during a time where blockchain was still seen as INCREDIBLY speculative. In other words, DTCC was working with Digital Asset a full decade before Canton's tokenization w DTCC today! Fast forward to today. From asset managers and bank giants like Goldman, JP Morgan, Citi, etc. To market infrastructure like DTCC, Nasdaq, CME, All the way to crypto VCs like A16Z, Circle & Coinbase Ventures, Polychain & more. Canton may appear new... But the concept of Canton has been familiar within TradFi giants for years now. The December 2025 DTCC-Canton tokenization partnership wasn't really a new relationship starting. In fact it was announced before the DTCC really launched their tokenization plan at scale. It's clear that this is not like anything we've seen come to the Web3 space. ––––––––––––