March 31, 2026 – Singapore, Singapore
Pendle It announced that its CEO, TN Lee, represented the protocol at a high-level financial delegation in New York alongside representatives from Deutsche Bank, Morgan Stanley, BlackRock, Franklin Templeton, and Anchorage Digital.
The group met with the Vietnamese Deputy Prime Minister to raise the investment issue International financial center in Vietnama landmark initiative that positions Southeast Asia as a destination for global institutional capital.
For Bendel, this is more than just a diplomatic event. It marks the moment when DeFi protocols win a seat at the table with the world’s most powerful financial institutions.
RWA in DeFi
Real World Assets (RWAs) in DeFi are tokenized versions of traditional financial instruments, including government bonds, treasury bills, real estate, and private credit, that are brought on-chain so you can earn a return in a transparent, permissionless environment. Unlike holding bonds directly, tokenized RWAs can be traded, forked, and generated using DeFi protocols without the friction of traditional settlement systems.
She also loves institutions Black Rock and Franklin Templeton To accelerate their tokenization strategies, Pendle’s payoff infrastructure is becoming increasingly important. The protocol already supports yield trading on tokenized Treasuries, making it one of the few DeFi platforms set up to serve retail users and institutional-level asset flows.
Motivations for institutional interest in Pendle yield tokenization
Pendle has emerged as a DeFi infrastructure layer because it solves the problem presented by tokenized RWAs: return volatility. When BlackRock or Franklin Templeton tokenizes a treasury product, the return on that token fluctuates. Pendle’s return trading mechanism allows institutions and sophisticated users to autonomously segregate, price and trade returns, a functionality that makes tokenized RWAs more useful as financial instruments rather than passive holdings.
The protocol already supports yield trading on tokenized treasury products, positioning it as one of the few DeFi platforms capable of serving institutional-level asset flows alongside retail participants.
Pendle’s role in the Vietnam delegation as a signal of institutional DeFi adoption
Bendel’s participation in the IFC delegation to Vietnam Along with Deutsche Bank, Morgan Stanley, BlackRock, Franklin Templeton, and Anchorage Digital, they point out that DeFi revenue infrastructure is now being considered as part of sovereign financial policy discussions and not just as a category of retail products. As governments set regulatory frameworks for tokenized asset markets, the presence of DeFi protocols in those conversations impacts the technical standards that will govern the next decade of finance.
The convergence of native crypto custody (Anchorage Digital), TradFi distribution (Deutsche Bank, Morgan Stanley), and yield layer infrastructure (Pendle) represents a whole host of institutional DeFi on the same table.
Vietnam’s international financial center represents a compelling new opportunity:
- A regulatory framework designed to attract global capital combined with local DeFi returns infrastructure could open up a new category of financial products for investors in Southeast Asia who currently lack access to competitive returns markets.
- Anchorage Digital’s presence alongside traditional banks underscores a broader trend, whereby the convergence of native cryptocurrency custody and TradFi distribution is no longer theoretical.
- The tokenized asset market is expected to reach… $16 trillion of on-chain value by 2030, according to Boston Consulting Group. Pendle’s yield trading infrastructure is designed to be core to this market, not as a destination for tokenized assets, but as a layer that makes the yield on those assets tradable, hedgable, and composable.
About Pendle
Pendle It is the world’s largest cryptocurrency trading platform, enabling the tokenization and trading of yielding assets. Pendle unlocks cutting-edge return strategies for retail and institutional participants alike, redefining the future of onchain fixed income.
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