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19 March 2026 — T-REX Network today unveiled the T-REX Ledger, a dedicated blockchain built using Polygon technology that will serve as the official reference chain for ERC-3643 tokens. After more than 32 billion dollars in assets have been tokenized in a compliant manner through Tokeny using the ERC-3643 standard, the launch of T-REX Ledger represents the next phase of that infrastructure. Polygon Labs joins as a founding strategic partner alongside Tokeny, the creator and primary maintainer of ERC-3643 and a subsidiary of financial services provider Apex Group.
The launch comes as tokenized real world assets continue to scale. Industry data indicates that more than $370 billion in asset value is now represented onchain globally, with approximately 25 billion dollars distributed across blockchain networks. Tokeny alone has supported more than 32 billion dollars in cumulative tokenized asset value across multiple jurisdictions using the ERC-3643 standard.
As institutions expand into tokenized bonds, funds and other regulated instruments, a structural challenge has emerged. Settlement may occur on blockchain networks, but investor eligibility checks, transfer restrictions and ownership records are often maintained separately across platforms or remain partially offchain. When assets move between networks or trading venues, compliance controls can fragment and records can diverge.
T-REX Ledger is designed to provide a single compliance reference layer that connected blockchains can rely on while continuing to settle transactions independently. Built using Polygon CDK and connected through Agglayer, Polygon’s interoperability protocol, the network maintains shared investor registries, eligibility requirements and transfer restrictions across chains. Apex Group, which administers more than 3 trillion dollars in assets globally, will act as an onchain transfer agent at launch.
The system enables issuance and lifecycle management of regulated digital securities with identity, eligibility and transfer rules embedded directly into the token. By keeping compliance parameters attached to the instrument itself, assets can move across wallets, applications and connected blockchains without altering the governing rule set, supporting secondary trading beyond closed distribution platforms.
Regulators have signaled increasing scrutiny of tokenized markets. IOSCO has warned that opaque structures and unclear responsibilities can introduce new risks for investors, reinforcing the need for compliance frameworks that function consistently across jurisdictions and infrastructure.
ERC-3643, the standard referenced by the network, is supported by more than 140 institutions through the ERC3643 Association, including DTCC, Deloitte, ABN AMRO, OpenZeppelin, and Fireblocks. More than 100 tokens have been issued under the standard, representing over $32 billion in cumulative tokenized asset value across multiple jurisdictions.
"The industry has aligned on ERC-3643 as the standard for compliant issuance, but compliance also needs to scale across blockchains to guarantee onchain legal ownership," said Joachim Lebrun, Co-founder of T-REX Network and Chief Blockchain Officer at Tokeny. "T-REX Ledger provides a single source of truth for compliance state and allows blockchains to function as distribution networks rather than isolated systems. This enables regulated assets to move to wherever liquidity exists, without fragmenting rules, ownership records, or accountability."
"Tokenization at scale requires compliance infrastructure that works across markets and across chains," said Sandeep Nailwal, CEO of Polygon Foundation. "T-REX Ledger shows how an industry-led standard can be paired with shared infrastructure to give institutions both regulatory certainty and access to cross-chain liquidity. Agglayer makes that possible without forcing chains to give up sovereignty."
Recent moves in market infrastructure underline why this matters now. Intercontinental Exchange (ICE), parent of the NYSE, is developing a platform for 24/7 trading and onchain settlement of tokenized securities, reflecting growing demand for always-on markets. DTCC is also building core tokenization infrastructure, including a tokenized real-time collateral management platform. Europe's MiCA regulation confirms that tokenized securities follow MiFID II, and Singapore's MAS has published formal guidance on the tokenization of capital markets products.
As securities, collateral, and settlement go onchain, the market needs one shared source of truth for eligibility and transfer rules across networks. T-REX Ledger is positioned to serve as the standard for that.
T-REX Network is the largest ecosystem for compliant RWA tokenization built on the ERC-3643 standard, with more than $32 billion in assets tokenized. Born from years of industry collaboration, T-REX exists to solve the core challenge of scaling tokenization across blockchains without breaking compliance. Through T-REX Ledger, a canonical cross-chain compliance reference layer, and the T-REX AppStore, which connects ERC-3643 assets to natively compatible applications, T-REX Network enables regulated assets to move to wherever liquidity exists with speed, trust, and control. Its mission is to turn tokenization from isolated pilots into a connected, compliant open finance system that finally works at global scale.
Tokeny is the creator and primary maintainer of ERC-3643, the leading token standard for permissioned securities, and a leading onchain finance platform. Tokeny is part of Apex Group, a global financial services provider with over 13,000 people across 112 offices in 52 countries. Tokeny has supported the tokenization of multi-billion-dollar assets across multiple jurisdictions.
For more information, visit: https://tokeny.com/
Polygon Labs is a global blockchain payments company building and operating infrastructure to move money instantly, reliably, and at internet scale, with the mission to move all money onchain. It is building the Polygon Open Money Stack, an open and integrated stack of services and technologies to instantly and reliably move money anywhere, and put it to work. Its infrastructure has facilitated trillions of dollars in onchain value transfer and supported millions of transactions daily for some of the globe's largest banks, fintechs, enterprises, and consumer applications.
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