RWA Tokenisation Stocks & ETFs

Why Stocks and ETFs?

Not everyone wants to manage crypto wallets and interact with DeFi protocols. The good news is that several publicly listed companies are deeply involved in RWA tokenisation — either as issuers, infrastructure providers, or platforms. Buying their shares through a standard brokerage account (and ideally within an ISA) gives you exposure to the RWA theme with the regulatory protections and simplicity of traditional investing.

Pure-Play RWA Companies

Robinhood Markets (HOOD, Nasdaq)

Robinhood has aggressively expanded into crypto and tokenised assets. In 2025, the company launched tokenised stocks for European customers and has signalled intentions to bring RWA tokenisation to a broader retail audience. Key points:

• Launched tokenised equities (stock tokens) for EU customers via Robinhood Crypto
• Acquired Bitstamp exchange in 2024, gaining institutional crypto infrastructure
• Well-positioned to be a retail gateway for tokenised RWAs
• Available on most UK brokers (Hargreaves Lansdown, Trading 212, Interactive Brokers)

Coinbase Global (COIN, Nasdaq)

Coinbase is the largest US crypto exchange and a key infrastructure provider for RWA tokenisation:

• Partnered with BlackRock for BUIDL custody and distribution
• Operates Coinbase Prime, which serves institutional RWA investors
• Listed several tokenised Treasury products (OUSG, USYC) on its platform
• Developing its own tokenisation infrastructure (Coinbase Asset Manager)
• ISA-eligible via most UK brokers

Galaxy Digital (GLXY, TSX/Nasdaq)

Galaxy Digital, run by Mike Novogratz, is a crypto-focused financial services firm:

• Active in tokenised asset management and RWA trading
• Launched a tokenisation platform for institutional clients
• Manages crypto funds that include RWA exposure
• Listed on both TSX (Toronto) and Nasdaq — accessible via Interactive Brokers
• Higher-risk, higher-reward play on the crypto/RWA ecosystem

Traditional Finance Companies with RWA Exposure

BlackRock (BLK, NYSE)

The world's largest asset manager ($10+ trillion AUM) and the company behind BUIDL:

• Launched BUIDL tokenised Treasury fund in March 2024 — first product from BlackRock Digital Assets
• CEO Larry Fink has publicly championed tokenisation as "the next generation for markets"
• Has filed for a Bitcoin ETF (IBIT, launched 2024) and is expanding digital asset products
• While RWA tokenisation is a tiny fraction of BlackRock's overall business, they're the most credible institutional player driving adoption
• Available on all major UK brokers; ISA-eligible

Franklin Resources / Franklin Templeton (BEN, NYSE)

Franklin Templeton was the first major asset manager to record fund transactions on a public blockchain:

• FOBXX (Franklin OnChain US Government Money Fund) launched in 2021 on Stellar
• Expanded to Polygon, Arbitrum and Avalanche
• Active in blockchain-based fund management and RWA tokenisation research
• Smaller and more focused on tokenisation than BlackRock, but with a multi-year head start

Nasdaq (NDAQ, Nasdaq)

Nasdaq Inc. has invested in tokenisation infrastructure:

• Developed Nasdaq Digital Assets — a custody and tokenisation platform for institutional clients
• Partnerships with multiple RWA tokenisation projects
• As a major exchange operator, Nasdaq is positioning itself as the bridge between traditional and tokenised securities

Crypto-Adjacent Stocks with RWA Exposure

• CME Group (CME) — operates the largest crypto derivatives exchange; positioned to list RWA derivatives as the market grows
• Intercontinental Exchange / NYSE (ICE) — owns Bakkt and has explored tokenisation of securities
• Block / Square (SQ) — developing blockchain-based financial products; TBD division working on decentralised identity for RWA compliance
• PayPal (PYPL) — launched PYUSD stablecoin; exploring tokenised financial products

ETFs for RWA Exposure

There's no pure-play RWA tokenisation ETF yet. However, several crypto/blockchain ETFs provide indirect exposure:

• iShares Bitcoin Trust (IBIT) — BlackRock's Bitcoin ETF. Not RWA directly, but a proxy for institutional crypto adoption that benefits the RWA ecosystem
• Bitwise Crypto Industry Innovators ETF (BITQ) — holds Coinbase, Galaxy Digital, Robinhood and other crypto companies central to RWA infrastructure
• Global X Blockchain ETF (BKCH) — broader blockchain exposure including Coinbase, Block, and mining companies
• Amundi MSCI World Digital Economy ETF — European ETF with exposure to digital transformation including blockchain companies

For UK investors, most US-listed ETFs can be held in a Stocks & Shares ISA via brokers like Interactive Brokers or Trading 212.

Building an RWA Stock Portfolio

A sample portfolio for UK investors wanting RWA exposure via traditional markets:

• 40% — BlackRock (BLK): The dominant player in institutional RWA tokenisation
• 25% — Coinbase (COIN): Key infrastructure provider for tokenised assets
• 15% — Robinhood (HOOD): Retail gateway for tokenised assets
• 10% — Franklin Templeton (BEN): First-mover in on-chain fund management
• 10% — Bitwise ETF (BITQ): Diversified crypto industry exposure

This is an illustrative example, not a recommendation. All these stocks are volatile and carry significant risk. Adjust allocations based on your risk tolerance and overall portfolio.

The Bottom Line

For UK investors who want RWA tokenisation exposure without the complexity of crypto wallets, the stock market offers practical routes. BlackRock and Coinbase are the core picks — one as the dominant issuer, the other as the key infrastructure provider. Franklin Templeton and Robinhood add first-mover and retail-distribution angles respectively. Wrap these in an ISA for tax efficiency, and you get clean, regulated exposure to the RWA theme.

Learn More

• How to Invest in RWA Tokenisation — direct token investing guide
• Tokenised Treasury Bills — the biggest RWA category
• RWA vs Traditional Investing — compare the two approaches

Nothing on this site is financial advice. All content is for educational purposes only. Always do your own research and consult a qualified financial adviser before making investment decisions. Back to all guides