Tune in to this episode of the Security Token Show where this week Herwig Konings and Kyle Sonlin cover the industry leading headlines and market movements, including new entrants with live tokenized stocks, investments and acquisitions for RWA infrastructure, U.S. Bank’s renewed crypto custody services, and more RWA news.

Company of the Week - Herwig: Galaxy

Company of the Week - Kyle: Ondo

Market Movements:

Galaxy Natively Tokenizes Their Shares (GLXY) on Solana via Superstate: https://investor.galaxy.com/news/news-details/2025/Galaxy-and-Superstate-Launch-GLXY-Tokenized-Public-Shares-on-Solana/default.aspx

Ondo Global Markets Goes Live with Over 100 Tokenized Stocks and ETFs: https://finance.yahoo.com/news/ondo-launches-global-markets-100-183506974.html

Trump Considers Tokenizing Gaza through “The GREAT Trust” to Rebuild, Citizens to Receive Tokens to Relocate: https://www.cnbc.com/2025/09/01/gaza-riviera-trump-administration-weighs-post-war-redevelopment-plan.html

U.S. Bank Brings Back Bitcoin Custody through Sub-Custodian NYDIG: https://www.reuters.com/sustainability/boards-policy-regulation/us-bancorp-revives-institutional-bitcoin-custody-service-2025-09-03/

tZERO Appoints Alan Konevsky as CEO After $BBBY Urges Board to Replace David Goone: https://tzero.com/press-releases/2025-09-04-tzero-announces-leadership-transition/

RedStone Acquires Onchain Credit Ratings Firm Credora: https://blog.redstone.finance/2025/09/04/redstone-acquires-credora-strategic-expansion-into-risk-ratings/

SEC and CFTC Issue Join Statement on Project Crypto-Crypto Sprint: https://www.sec.gov/newsroom/speeches-statements/sec-cftc-project-crypto-090225

SEC Shares Rulemaking Agenda to Reform Crypto Rules: https://www.reuters.com/legal/government/us-sec-unveils-agenda-revamp-crypto-policies-ease-wall-street-rules-2025-09-04/

Companies in the Token Debrief Include NYC RWA Meetup, Backed Finance/xStocks, Raze, Embedded Finance, DEUSS, Shenzhen Futian Investment Holdings, GF Securities (Hong Kong), Seoul City, Japan Post Bank, DeCurret DCP, Thailand, Aurora Optoelectronics, Zerohash, Utila, Red Dot Capital, RWA Inc., EightLends, Finloop, Boerse Stuttgart, StratX, Aria, Polychain, Neoclassic Capital, Story Protocol Foundation, Power Metal Resources, Minestarters, State Street, Apex Fintech Solutions, European Central Bank, Christine Lagarde, European Commission, U.S. Federal Reserve

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TokenizeThis 2025 Conference Review: https://docsend.com/v/k8bn7/tt25

STM Predicts $30-50T in RWAs by 2030: https://docsend.com/view/7jx2nsjq6dsun2b9

More STM.co Reports: https://reports.stm.co/

Join the RWA Foundation and Read the Whitepaper: RWAF.xyz

Learn More About WALLY DAO: WallyDAO.xyz

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⏰ TABLE OF CONTENTS ⏰

0:00 Introduction

0:16 Welcome

1:12 Market Movements

23:20 RWA Foundation Updates

25:07 Token Debrief

37:14 Companies of The Week