Market
Real-World Asset Tokenization Tops Crypto Sector Performance

Real-world asset (RWA) tokenization has become the top-performing crypto sector, outperforming major sectors like Ethereum (ETH) and Bitcoin (BTC).
Significant developments, including high-profile asset tokenizations and positive regulatory discussions, drive this surge. It also highlights the sector’s growing potential and importance in the financial industry.
High-Profile Use Cases and Regulations Boost the RWA Tokenization Sector
According to data from the crypto analytics platform Artemis Terminal, real-world asset tokenization was the best-performing crypto sector last month, with a 58% performance compared to the other 21 sectors. Ethereum and Bitcoin ecosystems followed, with 26.1% and 18.2% performance, respectively.
Read more: RWA Tokenization: A Look at Security and Trust

RWA tokenization has seen significant growth recently, driven by key developments in the sector. On June 4, Galaxy Digital issued a multimillion-dollar loan secured by a 316-year-old Stradivarius violin.
The loan uses the Stradivarius violin and its digital representation as a non-fungible token (NFT) as collateral. This strategy ensures strong security for Galaxy Digital while providing asset management flexibility. The physical violin remains under custodianship in Hong Kong, with stringent requirements for its removal.
On the same day, Watford Football Club (Watford FC) also initiated a digital equity sale. Partnering with digital investment platform Republic, the sale offers approximately 10% of its shares. This equity sale will be available on Republic’s platform and Seedrs, its European counterpart.
Additionally, regulatory developments supported the sector. On June 7, the US Financial Services Committee held a hearing titled “Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets.” The hearing assessed the need for more regulations to support tokenizing real-world assets and derivative products.
Notable industry figures participated in the hearing. Carlos Domingo, Co-founder and CEO of Securitize, and Robert Morgan, CEO of the USDF Consortium, represented the real-world asset tokenization industry. Lilya Tessler, Partner at Sidley Austin LLP, and Nadine Chakar, Global Head of Digital Assets at the Depository Trust and Clearing Corporation, contributed from the financial markets sector. Meanwhile, Prof. Hilary Allen from the American University Washington College of Law provided an academic perspective.
Despite varied perspectives from witnesses and lawmakers, the hearing highlighted the ongoing debate about blockchain technology in traditional finance. Regulatory clarity from such discussions could pave the way for broader adoption of tokenization.
The long-term industry outlook remains positive. BlackRock CEO Larry Fink has expressed optimism about tokenization.
He noted its ability to enable customized strategies and instantaneous settlement of bonds and stocks. According to Fink, these abilities can significantly reduce settlement costs.
Jenny Johnson, Franklin Templeton CEO, also highlighted the transformative potential of tokenizing real-world assets. She cited examples such as Rihanna’s NFT royalties and loyalty programs at St. Regis in Aspen.
“It’s this combination of loyalty programs with real-world assets, and I think that you’re going to see more and more companies do this combination. It’s simply that the technology is enabling you to do it,” she opined.
Furthermore, Johnson noted that tokenizing assets, like Franklin Templeton’s tokenized money market fund, offers lower entry points and operational costs, making professional asset management more accessible to younger investors. She believes holding investments in a digital wallet can encourage younger people to save for retirement by allowing smaller, more manageable investments.
Read more: What is Tokenization on Blockchain?
Overall, Johnson envisions traditional finance institutions increasingly leveraging blockchain technology. This integration into mainstream investment practices aims to foster greater financial inclusion and encourage savings habits among younger generations.
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Market
BNB Price Faces More Downside—Can Bulls Step In?

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As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
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In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Market
VanEck Sets Stage for BNB ETF with Official Trust Filing

Global investment management firm VanEck has officially registered a statutory trust in Delaware for Binance’s BNB (BNB) exchange-traded fund (ETF).
This move marks the first attempt to launch a spot BNB ETF in the United States. It could potentially open new avenues for institutional and retail investors to gain exposure to the asset through a regulated investment vehicle.
VanEck Moves Forward with BNB ETF
The trust was registered on March 31 under the name “VanEck BNB ETF” with filing number 10148820. It was recorded on Delaware’s official state website.

The proposed BNB ETF would track the price of BNB. It is the native cryptocurrency of the BNB Chain ecosystem, developed by the cryptocurrency exchange Binance.
As per the latest data, BNB ranks as the fifth-largest cryptocurrency by market capitalization at $87.1 billion. Despite its significant market position, both BNB’s price and the broader cryptocurrency market have faced some challenges recently.
Over the past month, the altcoin’s value has declined 2.2%. At the time of writing, BNB was trading at $598. This represented a 1.7% dip in the last 24 hours, according to data from BeInCrypto.

While the trust filing hasn’t yet led to a price uptick, the community remains optimistic about the prospects of BNB, especially with this new development.
“Send BNB to the moon now,” an analyst posted on X (formerly Twitter).
The filing comes just weeks after VanEck made a similar move for Avalanche (AVAX). On March 10, VanEck registered a trust for an AVAX-focused ETF.
This was quickly followed by the filing of an S-1 registration statement with the US Securities and Exchange Commission (SEC). Given this precedent, a similar S-1 filing for a BNB ETF could follow soon.
“A big step toward bringing BNB to US institutional investors!” another analyst wrote.
Meanwhile, the industry has seen an influx of crypto fund applications at the SEC following the election of a pro-crypto administration. In fact, a recent survey revealed that 71% of ETF investors are bullish on crypto and plan to increase their allocations to cryptocurrency ETFs in the next 12 months.
“Three-quarters of allocators expect to increase their investment in cryptocurrency-focused ETFs over the next 12 months, with demand highest in Asia (80%), and the US (76%), in contrast to Europe (59%),” the survey revealed.
This growing interest in crypto ETFs could drive further demand for assets like BNB, making the VanEck BNB ETF a potentially significant product in the market.
Disclaimer
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Market
XRP Recovery Stalls—Are Bears Still In Control?

XRP price started a fresh decline from the $2.20 zone. The price is now consolidating and might face hurdles near the $2.120 level.
- XRP price started a fresh decline after it failed to clear the $2.20 resistance zone.
- The price is now trading below $2.150 and the 100-hourly Simple Moving Average.
- There is a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair might extend losses if it fails to clear the $2.20 resistance zone.
XRP Price Faces Rejection
XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.150 and $2.120 levels.
The bears were able to push the price below the 50% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high. There is also a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair.
The price is now trading below $2.150 and the 100-hourly Simple Moving Average. However, the bulls are now active near the $2.10 support level. They are protecting the 61.8% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high.
On the upside, the price might face resistance near the $2.120 level and the trend line zone. The first major resistance is near the $2.150 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.240 resistance. Any more gains might send the price toward the $2.2650 resistance or even $2.2880 in the near term. The next major hurdle for the bulls might be $2.320.
Another Decline?
If XRP fails to clear the $2.150 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.0650 level.
If there is a downside break and a close below the $2.0650 level, the price might continue to decline toward the $2.020 support. The next major support sits near the $2.00 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $2.10 and $2.050.
Major Resistance Levels – $2.120 and $2.20.
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