Around The Block #9

From Compliance to Capital: Tokenization Moves Further Into the Mainstream

Securitize Reportedly in Talks for SPAC Merger via Cantor Fitzgerald

On October 10, 2025, Bloomberg reported that tokenization firm Securitize is in talks to go public through a SPAC merger with a blank-check company backed by Cantor Fitzgerald. If completed, the deal would make Securitize one of the first RWA infrastructure players to list publicly, potentially unlocking capital and visibility for the sector. For tokenized real estate, it’s a validation moment: regulated issuance infrastructure is now seen as IPO-ready.

Source → Bloomberg

Deyling Holdings to Tokenize $40M in ONE Carmel Membership Rights

On October 13, 2025, Deyling Holdings announced plans to tokenize $40 million in B-class membership rights for the ONE Carmel luxury development. The structure blends equity-style exposure with compliant asset-backing, marking a rare instance of tokenization applied to property-adjacent ownership rights. For the real-estate RWA ecosystem, it signals growing creativity in deal structuring and tangible momentum beyond pilot projects.

Source → KuCoin

Plume Network Acquires Dinero Protocol to Expand Institutional Yield Suite

On October 8, 2025, Plume Network announced the acquisition of Dinero Protocol, integrating its yield products—including ipxETH, with around $125 million TVL—into Plume’s institutional RWA ecosystem. Combined with Plume’s SEC registration as a transfer agent, the acquisition strengthens its position as a compliant on-chain marketplace linking tokenized assets and DeFi yield. It’s another example of infrastructure consolidation around regulated, income-generating RWAs.

Source → CoinDesk

This week’s developments show how tokenization is maturing from concept to capital markets. Securitize’s potential SPAC points to public-market validation, Deyling’s $40M deal anchors activity in real-world assets, and Plume’s acquisition demonstrates ecosystem consolidation around regulated yield. Together, they reflect a sector shifting from infrastructure build-out to institutional scale—the next phase in turning real-estate and financial RWAs into mainstream investable products.