- The tokenized real-world asset market reached an estimated $60 billion in value across more than 7,000 products by mid-2026.
- In January 2026, Lunar Records, of which HWAL owns 50% through its subsidiary Melody Trust LLC, formed Lunar Records Fund 1, the first tokenized real-world asset fund built around music royalties.
For decades, musicians and songwriters have complained that royalty statements arrive late, are hard to audit and rarely show from whence the money came. HWAL (OTC: HWAL) is taking an innovative approach to that problem using tokenized assets.
The broader trend HWAL is riding is real and growing quickly. The tokenized real-world asset market reached an estimated $60 billion in value across more than 7,000 products by mid-2026. Much of that growth has centered on tokenized treasuries and commodities, but momentum is spreading into other asset classes as regulatory clarity improves.
Music royalties are a natural candidate for that shift. Traditional royalty accounting relies on layers of intermediaries, from performing rights organizations to distributors, each taking a cut and adding delay before money reaches an artist.
HWAL Inc., a multimedia holding company focused on entertainment, and tokenized real-world assets, is working to shorten that chain. The company’s subsidiary Melody Trust holds rights to a catalog of recordings from major music legends, while its Lunar Records joint venture is now working to license through streaming and blockchain channels.
In January 2026, Lunar Records formed Lunar Records Fund 1, the first tokenized real-world asset fund built around music royalties. The fund is structured to offer Bitcoin-based tokens priced at one dollar each, with an initial raise target of $10 million. Token holders will receive a monthly share of royalties generated by one thousand songs from the underlying catalog. HWAL has said it eventually wants to expand this fund structure to as much as $500 million in assets under management.
Beyond royalties, HWAL is licensing its music catalog not just through traditional avenues, but expanding to film, television, video games, metaverse and commercials, as a meaningful part of its planned revenue strategy going forward.
Through its partnership with Space Blue, HWAL is also connected to the Lunaprise Museum, an archive of music and art carried to the Moon aboard the Odysseus lander in February 2024. NASA confirmed that mission as the first successful American soft landing on the lunar surface since the Apollo program.
HWAL has paired these initiatives with changes to its own governance and structure. In June 2026, the company appointed finance and strategy veteran Jamie Shortill to its board of advisors in preparation for growth across music, sports, broadcast, and digital assets. The company has also said it is working to reduce outstanding debt and has begun a share buyback program.
HWAL is entering the tokenized real-world asset space at an early stage, alongside a broader financial sector that is still taking shape in the United States and abroad. That timing gives the company room to help define how music royalties fit into this emerging model, rather than simply adopting standards set by others.
The combination is distinctive. Few holding companies are simultaneously working across blockchain royalty distribution and licensing. That range reflects a company willing to build into a territory most of its peers in entertainment have yet to explore and could give HWAL a wider set of tools to work with as its various ventures develop.
For more information, visit www.HWAL.net.
NOTE TO INVESTORS: The latest news and updates relating to HWAL are available in the company’s newsroom at https://ibn.fm/HWAL
