Prediction markets saw trading volume jump from $15.8 billion in 2024 to $63.5 billion in 2025, with activity staying strong into January 2026 as three platforms captured over 95% of global flow. A CertiK report warns that this growth relies heavily on centralized Web2-style authentication, creating critical single points of failure even as on-chain settlement and oracle designs continue to evolve.

On February 11, 2026, Bitwise CIO Matt Hougan endorsed BlackRock's move to tokenize its flagship iShares ETFs, calling it a narrative that could pull crypto out of a bear market. BlackRock CFO Martin Small said the firm is in active talks with the SEC and the process could take 90 days to 12 months. The initiative targets roughly $4 trillion held in digital wallets.

BlackRock will list its USD Institutional Digital Liquidity Fund (BUIDL), a $2.1 billion tokenized U.S. Treasury product, on the Uniswap DEX to enable institutional trading. The move, facilitated by Securitize, includes an undisclosed UNI purchase and will begin with a limited group of eligible institutions and market makers before wider availability.

The UK Financial Conduct Authority has begun legal proceedings against HTX, formerly Huobi, alleging the exchange unlawfully promoted cryptoasset services to UK consumers via its website and social channels including TikTok, X, Facebook, Instagram, and YouTube. The action follows earlier warnings and the UK's October 2023 promotion rules, with prior High Court activity noted in October 2025.

On February 11, 2026, BlackRock approved its tokenized U.S. Treasury bill fund BUIDL for trading via UniswapX in collaboration with Securitize, expanding on-chain access to the product. The integration allows pre-qualified, whitelisted investors to trade BUIDL around the clock and may increase liquidity, while BlackRock also disclosed an undisclosed strategic investment in the Uniswap ecosystem.

BlackRock launched its BUIDL tokenized U.S. Treasury fund on Uniswap on 11 February 2026, enabling near‑instant, 24/7 swaps against USDC via Securitize integration. The move marks the firm's first direct step into DeFi infrastructure. UNI traded at $3.81 with a 13.48% daily gain as market cap hovered around approximately $2.4 billion and volume hit $663.2 million.

Robinhood has activated the public testnet for Robinhood Chain, an Ethereum Layer 2 built on Arbitrum, to support tokenized real-world and digital assets and give developers early access ahead of a planned mainnet later this year. Infrastructure providers including Alchemy, Allium, Chainlink, LayerZero, and TRM are integrating, with more partners expected during the early test phase.

On February 11, 2026, Ripple announced a partnership with Aviva Investors to tokenize traditional fund structures on the XRP Ledger, building on Aviva's $345 billion in assets under management as of 2025. Aviva aims to use XRPL's fast, low-cost and energy-efficient infrastructure to issue and manage tokenized funds, while Ripple continues to expand its broader tokenization efforts, including support for a $280 million diamond tokenization deal in the UAE.