Tokenization use cases for capital markets
Asset managers, transfer agents and trading venues are putting funds, stocks and collateral onchain, and the books of record still have to be right at every cut-off.
Use cases by type of firm
56 use cases
Stablecoin payments
Stablecoin issuer operations
- Continuous proof of reservesCompare onchain supply with reported reserves on a schedule, then publish the ratio or alert on a gap.
- ERC-3643 eligibility and allowlist trackingTrack ERC-3643 identity and eligibility changes so only approved holders can receive a security token.
- Month-end stablecoin supply for reserve reportsProduce the month-end supply across all chains that the monthly reserve report and its examination need.
- CFTC digital collateral reporting dataReport totals of BTC, ETH and USDC held as margin, per asset and account class, each week during an FCM’s first three months under the CFTC pilot.
Stablecoin treasury and reconciliation
- Reconcile tokenized and book-entry positionsCheck that tokenized positions match the book-entry or custodial records they mirror.
- Form 1099-DA data for brokersSupply the transfer history and USD values behind each customer’s Form 1099-DA.
- Crypto fair-value pricing from DEX tradesFeed DEX trade prices into principal-market fair-value marks and the VWAPs used to check them.
- Digital asset audit evidenceGive auditors each wallet’s balance at the year-end cut-off block and the year’s transfers.
- Onchain data for crypto accountingSend priced onchain activity to a crypto subledger so finance can close the books.
- DeFi accounting for positions and vaultsBook accrued rewards, vault shares and lending positions across DeFi protocols at period end.
- Idle stablecoin cash sweepsMove idle stablecoin balances into tokenized money funds when they pass a threshold.
Tokenized assets
- Investor statements from a tokenized registerProduce investor statements and holdings reports straight from the onchain register.
- Tokenized fund register across chainsCombine holdings of one fund issued on many chains into a single register.
- Keep tokenized stocks backed one to oneCheck token supply on every chain against the shares or fund units held in custody, and alert on any gap.
- Tokenized fund subscriptions and redemptions across chainsTrack subscriptions and redemptions of a tokenized fund as mints and burns across every chain it’s on.
- Onchain shareholder register for transfer agentsKeep a transfer agent’s official register of a tokenized fund or stock in step with onchain transfers.
- Tokenized private credit marksPublish valuations of private credit vaults and loans onchain.
- Tokenized money market fund dividends paid as new tokensSnapshot holders and mint each one’s yield as new fund tokens.
- Dividends and splits on tokenized stocksApply dividends and splits to tokenized-stock holders as of the record date.
- Tokenized bond coupon paymentsPay bond coupons to holders at the record date.
- Tokenized collateral and USDC as marginTrack tokenized funds and USDC posted as margin, value them and alert on shortfalls.
- Crypto fund NAV calculation from onchain holdingsValue a fund’s wallet and vault positions at the cut-off so the administrator can compute and report NAV.
- Onchain primary issuance and allocationsRecord shares issued onchain at issuance or IPO straight into the register.
- Security token recovery for lost walletsRecord when an issuer reissues a lost security token to a new wallet after identity checks.
- Publish tokenized fund NAVs and marks onchainPublish a tokenized fund’s NAV to every chain the fund is on, on a schedule.
- Index values published onchainPublish benchmark index values onchain for funds and products that track them.
- Credit ratings published onchainPublish credit ratings onchain for tokenized instruments.
- Proxy voting for tokenized securitiesRun proxy votes and corporate-action elections for tokenized holders as of a record date.
- DvP settlement monitoring for tokenized assetsMatch each delivery-versus-payment settlement of a tokenized asset to its booked trade, and alert when a trade, or one leg of it, hasn’t settled by the deadline.
- Tokenized stock mint and redeem against ordersTrigger mints and redemptions when a customer buys or sells, and record every step for the books.
Crypto compliance data
- Unauthorized tokenization monitoringFind tokens that claim to represent your security without your consent.
- Crypto market surveillance for tokenized securitiesWatch trading in tokenized securities for manipulation and other market abuse.
- Tokenized securities venue disclosuresPublish trading notices, enforce volume caps and sync halts with the listing exchange.
- Crypto source of funds and wealth checksTrace where a client’s onchain funds came from to document legitimate wealth at onboarding.
- Crypto wallet monitoringGet an alert when a watched wallet makes a large transfer, crosses a balance limit, wakes after dormancy or pays an unknown counterparty.
Digital asset services for banks and brokers
- Crypto portfolio and statement dataShow customers their holdings and history across chains in an app or statement.
- Token vesting and unlock trackingIndex vesting contracts so platforms, custodians and funds can show each grant, what has vested, what was claimed and the next unlock.
- Crypto trading data for bank and broker clientsTrack positions and PnL for clients who trade crypto through their bank or broker.
- Staking rewards data for institutionsTrack staking rewards earned per validator and fund.
Onchain automation and custom oracles
- 24/7 tokenized stock prices and flowsStream round-the-clock prices, transfers and flows for tokenized stocks.
- Perpetuals and DEX market dataStream onchain perp and DEX trades, funding rates and candles to trading and research systems.
- Prediction market dataPackage prediction-market trades and positions into datasets for exchanges and funds.
- Onchain circuit breakersPause a token, market or payout when a rule is breached.
- Onchain interest rate, funding rate and volatility feedsPublish interest rates, funding rates and volatility benchmarks to contracts.
Blockchain data for your systems
- Stablecoin transaction volume and market share by chainMeasure real stablecoin or tokenized-asset volume by chain, with inorganic flows stripped out.
- Track stablecoin issuers and competitors onchainFollow competitors’ and issuers’ supply, mints, burns and holders.
- Power a blockchain data productFeed a resold data product with multi-chain data and fast backfills.
- Onchain data for index and benchmark calculationsSupply the onchain fundamentals an index or benchmark provider calculates from.
- Onchain data for risk ratings and scoringSupply wallet and protocol history to the models that rate DeFi risk or score borrowers.
- Protocol financial statements from chain dataBuild income statements (fees, revenue and costs) for chains and apps from their contracts.
- Onchain research on listed crypto companiesTrack listed companies’ onchain revenue and users before they report earnings.
- Digital asset treasury company holdings and mNAVTrack what listed treasury companies hold onchain, per share, and their mNAV.
- Blockchain ecosystem growth metricsTrack a chain’s active, new and returning addresses, transactions, fees and usage per app, compared with other chains.
- Stablecoin market data for analytics: market cap, supply and activityTrack stablecoin supply and market cap by token, chain and issuer, with holders, active addresses, transfer counts and velocity over time.
See what onchain data can do for your team
We’ll show you which use cases fit your business and how to get them live without building data infrastructure from scratch.
Robinhood
HyperEVM
Arc
Solana
Ethereum
Polymarket
Base
Tempo
Bitcoin