tx Launches Unified RWA Tokenization Marketplace After Sologenic-Coreum Merger

tx launched on March 6 from New York as a unified operating system and marketplace for tokenized real-world assets, combining infrastructure, compliance, and application layers into a single platform. The company, formed through the merger of blockchain projects Sologenic and Coreum, debuted with tokenized U.S. stocks and ETFs as its initial marketplace product, five infrastructure partners anchored by SEC-registered broker-dealer Texture Capital, and signed memoranda of understanding with seven issuers spanning commodities, energy, real estate, private credit, and sports assets [1].

The launch introduces the TX token, which replaces both the legacy SOLO (Sologenic) and COREUM tokens through a community-approved governance vote. COREUM converts to TX at a 1:1 ratio [2].

The Founding Team

tx's leadership draws from opposite ends of the financial regulatory spectrum, a deliberate positioning for a company that must bridge decentralized blockchain infrastructure with traditional securities law.

Michael McCluskey, co-founder and CEO, spent approximately 20 years at Fidelity Investments and multiple fintech organizations before serving as CEO of both Sologenic and Coreum. Ashley Ebersole, co-founder and chief legal officer, brings nearly five years on internal crypto working groups at the U.S. Securities and Exchange Commission and close to a decade of financial regulatory law at Skadden and BCLP, followed by three years as general counsel of DeFi protocol 0x [1].

"Tokenization today is fragmented. Our goal is to unify it by providing the trusted connective technology layer between regulated issuers and investors across multiple asset classes. By merging Sologenic and Coreum and moving to the United States, we are aligning our technology, compliance stack and ecosystem with the singular mission of redefining the tokenization landscape." [1]

That was McCluskey, describing a platform that explicitly positions itself as infrastructure for the regulated tokenization economy rather than another decentralized finance experiment.

Five Partners, Seven Issuers

The launch architecture relies on five infrastructure partners, each filling a distinct operational role within the tx ecosystem.

Texture Capital's involvement is significant because it provides the SEC-registered infrastructure that allows tx to offer tokenized U.S. securities from day one, rather than operating in a regulatory gray zone while awaiting approvals [1].

The seven MOU issuers represent the breadth of asset classes tx intends to support on its marketplace:

Cropto (tokenized commodities), Tokenized Energy (energy assets), Reboost (private credit), BinaryX (real estate), TheCarCrowd (collectibles), XII Capital (sports), and Lympid (platform-native assets) [1].

A U.S.-First Strategy

tx is headquartered in the United States and has adopted what it calls a U.S.-first strategy, citing the country's positioning as the "crypto capital of the world" under the current administration's regulatory momentum. The platform, accessible at tx.market, lists asset categories including real estate, intellectual property, traditional financial assets, tokenized commodities, energy, private credit, collectibles, sports assets, and platform-native assets [1].

Ebersole framed the regulatory timing:

"The historical regulatory landscape for crypto assets and blockchain in the U.S. has ranged from hostile to uncertain, but it is entering a new chapter. tx is designed to navigate these complexities and offer a marketplace that can be trusted, utilized, and relied upon by regulators, retail users, and institutions." [1]

The RWA Market in Context

The launch arrives as tokenized real-world assets continue to grow rapidly, though from a relatively small base compared to traditional capital markets.

The $24 billion in tokenized RWAs as of February 2026, while representing 266 percent growth in 2025, remains a fraction of the trillions in traditional securities markets. The McKinsey and Boston Consulting Group projection of $16 trillion in tokenized assets by 2030 suggests the market is still in its earliest stages [3].

Tokenized U.S. Treasuries form the largest single category at approximately $9.6 billion, having grown roughly 120 percent year over year. BlackRock's BUIDL fund alone accounts for $1.7 billion of that total. Tokenized commodities total approximately $7 billion, with gold comprising about 70 percent of the category [3].

The Merger Mechanics

The Sologenic and Coreum communities voted to merge under the tx banner through a governance proposal, with the formal announcement of communities joining tx coming on February 17 [2]. Both projects had operated independently: Sologenic focused on tokenizing traditional assets, while Coreum provided enterprise-grade blockchain infrastructure. The merger consolidates these capabilities into a single protocol with a unified token.

The initial circulating supply of TX tokens derives from the conversion of existing COREUM and SOLO tokens. The platform was originally planned to go live in early March 2026, and the March 6 launch met that timeline [1][2].

tx enters a competitive landscape that includes established players like Securitize, which powers BlackRock's BUIDL fund, as well as newer entrants backed by traditional finance capital. The platform's differentiation rests on its combination of a U.S.-registered broker-dealer partnership, institutional-grade custody and security infrastructure, and a marketplace designed to span multiple asset classes rather than specializing in a single category.

References

[1] GlobeNewswire, "tx Launches RWA Tokenization Infrastructure and Marketplace Across US and Global Markets," March 6, 2026. https://www.globenewswire.com/news-release/2026/03/06/3251100/0/en/tx-Launches-RWA-Tokenization-Infrastructure-and-Marketplace-Across-US-and-Global-Markets.html

[2] GlobeNewswire, "Sologenic and Coreum Communities Join tx as Part of a Unified RWA Ecosystem," February 17, 2026. https://www.globenewswire.com/news-release/2026/02/17/3239393/0/en/Sologenic-and-Coreum-Communities-Join-tx-as-Part-of-a-Unified-RWA-Ecosystem.html

[3] Business Insider Markets, "tx Launches RWA Tokenization Infrastructure and Marketplace," March 2026. https://markets.businessinsider.com/news/stocks/tx-launches-rwa-tokenization-infrastructure-and-marketplace-across-us-and-global-markets-1035905342