Tokenized Stocks, Stablecoins & Real Estate – The RWA Surge!
By Coin Bureau
Summary
## Key takeaways - **Coinbase Seeks Tokenized Stocks Approval**: Coinbase is seeking SEC approval to offer tokenized equities, described as a huge priority, expanding from its own COIN stock on Base to all kinds. Base lead developer Jesse Pollock said every asset in the world will be on Base with regulatory clarity. [01:02], [01:39] - **Kraken Launches xStocks on Solana**: Kraken plans tokenized versions of major US stocks like Tesla, Nvidia, Apple for non-US clients as xStocks on Solana, representing 1:1 ownership. DeFi Development Corp announced tokenizing its DFTV stock via Kraken's xStocks. [03:20], [03:41] - **JP Morgan's JPMD Deposit Token**: JP Morgan launched JPMD, a deposit token representing commercial bank deposits, on Base for institutional clients, available 24/7 and paying interest. It settled first tokenized US treasuries transaction on public blockchain using Chainlink. [05:39], [06:22] - **Web2 Giants Eye Stablecoins**: Meta is exploring stablecoin integration like USDT or USDC; Walmart and Amazon consider launching their own to save billions in fees. Shopify partners with Coinbase for USDC payments on Base. [09:39], [10:38] - **DTCC Tokenizes Collateral**: DTCC launches Appchain for tokenized collateral management to enable smart contract automation and real-time transfers, addressing inefficient traditional risk management. Fidelity files for tokenized Treasury Digital Fund on Ethereum. [12:51], [13:15] - **Real Estate Tokenization Boom**: Tokenized real estate could reach $4T by 2035; Dubai's Prypco Mint sold out shares in 2 minutes on XRP Ledger, Balcony tokenizes $240B New Jersey deeds on Avalanche cutting processing by 90%. [14:18], [16:42]
Topics Covered
- Exchanges Tokenize Stocks First
- Banks Bridge TradFi to DeFi
- Web2 Giants Launch Stablecoins
- Real Estate Tokenizes Fastest
- RWAs Ignite Multi-Chain Boom
Full Transcript
with the regulatory outlook for crypto turning more positive by the day companies everywhere are exploring blockchain integrations with tokenized realworld assets or RWAs being front and center And the imminent passage of crypto regulations suggests we're on the verge of a major wave of web
2 and tradi firms entering the RWA space That's why in today's video we'll cover which sectors are making the leap and which cryptos could benefit as a result My name is Guy and you're watching the Coin Bureau Before we begin though you need to know that I am not a financial adviser and nothing
in this video should be considered financial or investment advice This is purely educational content made to help you navigate your own crypto quest Now there are many different sectors making moves towards RWAS but let's start with the most obvious crypto exchanges Yes these are more likely than any other sector to adopt any form of tokenized asset But the way this is happening
is actually rather intriguing Let's start with one of the largest exchanges out there Coinbase Back in January this year Coinbase revealed that it was exploring the offering of tokenized versions of its coin stock to users on its layer 2 blockchain base This was according to base lead
developer Jesse Pollock who said that quote "Every asset in the world will be on base but added that regulatory clarity was needed before this could happen." Coinbase's ambitions have since expanded though to offering tokenized stocks of all kinds not just its own coin stock In midJune
Coinbase's chief legal officer Paul Greywell said the company was seeking SEC approval to offer tokenized equities which Greywell described as a quote huge priority for Coinbase Notably this would allow Coinbase to compete with the likes of other trading platforms like Robin Hood which
in May filed a 42page proposal with the SEC to establish a regulatory framework for tokenized assets Now basically these rules would make tokenized real world assets legally equivalent to their non-tokenized versions So for example a tokenized US Treasury bill would be treated
as an actual Treasury bill rather than a synthetic version of one And not only that but the proposal also suggests replacing state level securities regulations with those of the federal level And the proposal also unveiled Robin Hood's plans to create a realworld asset exchange called RRE
which would combine highfrequency off-chain trade matching with onchain settlement Robin Hood's RRE will use a dualchain architecture leveraging Salana and Bass to process 30,000 transactions per second and deliver sub 10 microscond matching latency In layman's terms that is
damn fast Anyway another exchange moving towards tokenized assets is Kraken the OG crypto exchange On the 22nd of May the Wall Street Journal reported that Kraken plans to offer tokenized versions of major US stocks to non US clients So think tokenized versions of Tesla Nvidia and
Apple to name just a few These tokenized stocks are called XStocks tokens and will represent one forone ownership of the underlying shares Notably XStocks will be issued on the Salana blockchain It's perhaps not surprising then that XStocks have already gained significant attention Most
recently DeFi Development Corp a Salana Treasury company announced plans to tokenize its DFTV stock via Kraken's XT stocks In any case the momentum behind crypto exchanges tokenizing stocks is likely to continue for the foreseeable future That's simply because there is a huge appetite
for these products In fact some market analysts have predicted that tokenized stocks could reach $1 trillion in total market cap in the coming years And speaking of crypto exchanges you can maximize your own trading experience by taking advantage of the Coinbau deals page That's where
you'll find signup bonuses of up to $100,000 trading fee discounts of up to 50% and deposit cash backs of up to 75% on select crypto exchanges These deals won't be around forever So take advantage of them while you can by using the link down below And by the way if you're enjoying the video so far then fire up those like and subscribe buttons and be sure to turn on those notifications
too so you don't miss our next one Now I know what you're thinking Cryptonative exchanges adopting crypto-based tokenized assets Big deal Well maybe you're right But crypto exchanges are just one small piece of a puzzle that's growing bigger by the day Believe it or not but another
piece of that puzzle is the banking sector specifically mega banks And one of these mega banks is none other than JP Morgan which has been taking major steps towards tokenized real world assets In fact the mega bank recently made history by becoming the first major global bank
to connect its core payment system to a public blockchain In midMay 2025 JP Morgan settled its first ever transaction on a public blockchain This transaction involved tokenized US treasuries and was completed on Finance's Onondo Chain and used Chainlink as a bridge between private and public
networks And this move was a major step for JP Morgan's own digital asset platform Kexus which aims to bridge the gap between TRDFI and DeFi But it didn't stop there Just weeks later on the 17th of June JP Morgan took another huge innovative step with the announcement of JPMD which is sort
of like a stable coin but isn't Instead it's a so-called deposit token with each token serving as a digital representation of a commercial bank deposit JPMD will be launched on base which is a public blockchain but will be a permissioned token that's only available to JP Morgan's institutional
clients And JPMD could actually see significant institutional adoption And that's simply because it'll be available 24/7 and more importantly is designed to pay interest to holders Intriguingly though the same day that JPMD was announced the SEC posted a memo confirming a meeting
between the regulator and JP Morgan to discuss capital market activity on public blockchains Let me repeat public blockchains There is a good chance that tokenized collateral formed a large part of these discussions since this is an area of interest for multiple regulators Regardless
though JP Morgan's use of private permissioned blockchains may have certain benefits but they also create their own challenges especially around integration which public chains can easily resolve And of course it's not just JP Morgan Making similar moves is another major American bank
and that is well Bank of America At the end of February this year Bank of America's CEO Brian Moahan said it was looking at launching its own stable coin so long as comprehensive stable coin regulations were passed in the US first In fact in May this year BOA reportedly held talks with
other mega banks namely JP Morgan Cityroup and Wells Fargo to discuss the launch of a joint stable coin Elsewhere City Bank's parent company Cityroup teamed up with Switzerland's six digital exchange to tokenize latestage private shares in an effort to make the private market sector
more efficient The initiative will leverage SDX's blockchainbased central securities depository or CSD to handle transactions of tokenized assets The platform is set to launch by Q3 of this year and notably Croup was one of the first major financial institutions to show signs of confidence in asset
tokenization Way back in the mists of time in September 2023 the firm introduced a private permissioned blockchain called City token Services offering crossber payments liquidity and automated trade finance solutions to institutional clients And early last year Cityroup collaborated with
AVA Labs other traditional financial institutions and digital asset companies to complete a proof of concept for tokenizing private equity funds This simulation involved dummy tokens with no real world value and was done on Evergreen Spruce a permissioned subnet on Avalanche
In any case the fact that mega banks are getting involved with RWAs should not be overlooked Some analysts predict that financial institutions will drive the tokenized RWA market past $30 trillion by 2030 which is insanely bullish for both the RWA narrative and the broader crypto ecosystem
Now another cohort considering the use of RWAs are web 2 companies which seem to be slowly transitioning into web 3 The standout here is Meta which is now reexploring stable coins again which will certainly be interesting given its previous history with the technology As most of you will
probably know Meta announced its first blockchain initiative in 2019 called Libra a stable coin backed by a range of different fiat currencies Libra was later rebranded to DM but was abandoned in early 2022 due to regulatory scrutiny Some of Meta's team then went on to create projects
like Aptos and Sooie but Meta itself has had no crypto involvement since NFTts on Instagram notwithstanding Well Meta is now reportedly exploring the integration of stable coins into its platforms Only this time it'll most likely be more established stable coins like Tether's
USDT or Circle USDC that are harnessed Some sources have even suggested that Meta could take a multi-token approach But while Meta might be the most notable web 2 company adopting tokenized assets it isn't the only one In June this year the Wall Street Journal reported that Walmart
and Amazon are both considering launching their own stable coins This would help these companies to bypass the traditional payment system saving them billions of dollars in banking fees each year And according to that same report there's also a broad range of other large companies considering
stable coins too such as Expedia Group and a number of airline companies It wouldn't be unreasonable to speculate that almost every major business could consider doing the same thing in the future if only to save significant money on fees And on the same day this was reported
global e-commerce giant Shopify announced plans to introduce USDC payments later this year through a partnership with Coinbase Obviously the underlying blockchain for this initiative is Coinbase's own layer 2 base And while the full rollout will happen at a later date a select group
of merchants already have access to the feature as part of the early launch Regardless the entry of web 2 companies into the stable coin space is set to be a major catalyst that could potentially unlock trillions in value by 2030 Take a second to consider that US Treasury Secretary Scott
Bessant has suggested that the stable coin market alone could grow to $3.7 trillion by the end of the decade But let's go back from Silicon Valley to Wall Street While many Wall Street firms have already taken significant steps towards crypto many firms are also zoning in on the benefits
of tokenized RWAs particularly asset managers One such firm is Fidelity which is joining the ranks of other investment firms such as Black Rockck and Franklin Templeton to offer tokenized assets In May this year Fidelity filed with the SEC to launch a tokenized onchain version of its Fidelity
Treasury Digital Fund on Ethereum Another Wall Street giant to tap into tokenized RWAS meanwhile is the Depository Trust and Clearing Corporation or DTCC the world's largest security settlement system In early April the DTCC announced that it would be launching a blockchainbased platform called Appchain which was designed for tokenized collateral management Now the reason for the
DTCC's decision to tokenize collateral is simple In financial markets collateral is a fundamental part of risk management But the traditional methods in place are inefficient and can lead to delayed settlements Naturally then using a non-chain alternative will allow for smart contract automation and transfers can happen in real time Another mega company moving further
towards tokenized assets is Galaxy Digital which was listed on the NASDAQ in May The very same day the company's stock was listed and began trading Galaxy revealed that it had been working with the SEC to tokenize its shares And these tokenized shares can then be used in DeFi applications for things such as borrowing or lending Now notably Galaxy has plans to create tokenized onchain
versions of all kinds of assets from stocks and fixed income to ETFs And it arguably couldn't have come at a better time considering that Galaxy has had a bit of a rough ride so far It ended Q1 of 2025 with a loss of $295 million But there's little doubt that this loss can be recovered
and then some through the trading of tokenized RWAS Now there's one more sector that has taken substantial steps towards tokenized RWA and that is real estate In fact during our research we couldn't help but notice that when it comes to tokenized RWA it's the real estate sector that
seems to be making the quickest moves And it's not hard to see why Some have predicted that tokenized real estate alone could reach $4 trillion by 2035 For perspective that's higher than the current market cap of the entire crypto sector Now one example of this is with securities dealer Ori
Capital Back in March this year Ori launched a regulated real estate platform in Canada providing investors with fractional shares of a 156 unit multi-residential property development Notably these shares were made available on the Polymesh blockchain which was purpose-built for
RWAS Meanwhile Vera Capital a subsidiary of Vera Group which runs a real estate agency announced at the end of April that it had partnered with Block Square an RWA platform on Ethereum Basically a marketplace is set to launch that will allow Block Square to offer tokenized shares in dozens of high-v valueue properties owned by Vera with more properties being offered in
the future And according to Vera the overall value of these properties is over $1 billion Then a few weeks later in May Patel Real Estate Holdings launched a $100 million tokenization fund with the goal of providing accredited investors with access to institutional-grade investment
opportunities The company said that tokenization helps to alleviate many of the constraints faced by investors particularly around transparency and liquidity And there have also been significant steps towards tokenized real estate right here in Dubai Back in March the Dubai Land Department
or DLD announced that it had begun its trial of tokenizing real estate Notably the DLD is a government entity that manages Dubai real estate In May the DLD worked with the Central Bank of the United Arab Emirates and the Dubai Future Foundation to launch the first tokenized real estate platform in the Middle East and North Africa region The platform in question is called
Pryco Mint and it was launched on the XRP ledger blockchain Cryptoco Mint allows investors to gain fractional ownership of real estate properties in Dubai with each token representing one share of a property And to say they've gained traction would be an understatement According to Pripco Mint's
website their second property listing sold out of all shares in just under 2 minutes And towards the end of May Balcony a blockchainbacked land record management firm announced it would be tokenizing the deeds of 370,000 properties in New Jersey These assets are set to be tokenized on Avalanche
and have a total value of around $240 billion Notably Avalanche said that quote "This is the largest blockchain deed initiative in US history." Balcony said that by tokenizing the deeds to these properties they can cut processing times down by more than 90% while reducing risks around fraud
admin errors and more The company said that it also plans to expand beyond New Jersey in the future So then by now you can hopefully see that the RWA narrative is about to blow up To refresh your memory crypto exchanges are now looking to offer tokenized stocks on their platforms while
mega banks are tokenizing their treasuries and are exploring stable coins as are web 2 companies Meanwhile Wall Street is tokenizing funds and collateral while tokenized real estate is quickly blowing up too And keep in mind that everything we've discussed today has happened in 2025 Put differently there's been a hell of a lot of progress in the RWA niche in just a matter
of months which begs the question of what's next for RWA and the broader crypto market Well if it wasn't already obvious RWAS could easily become one of the biggest winners of this cycle Once the possibilities of tokenized RWA are realized companies from sectors all over the world will
be racing to add assets of their own onchain And this will create a positive feedback loop wherein the success of one company will inspire others to follow in its footsteps Of course this will be insanely bullish for the cryptos that support these assets And from what we've covered today
some of those cryptos that could benefit include Ethereum Salana XRP and Avalanche But of course there are others Another unsung hero that could see significant RWA adoption is Polygon which has emerged as a leading blockchain for DeFi protocols to leverage for RWA integration And take a second
to also consider that some blockchains are purpose-built for tokenized assets such as OnoChain or the XDC network It's easy to imagine that some of the biggest institutions could opt to use these blockchains since their architecture is specifically designed to offer them everything they need right out of the box What this means though is that there are a whole range of cryptos
that could benefit as the RWA narrative explodes Naturally this means that the broader crypto market could see some serious waves of capital as more institutions and businesses begin exploring the many options available to them That's why we're super excited about what the RWA narrative
means for crypto And if you want to see which RWA cryptos we think could benefit the most then good news You can find out by checking out the video right over here Okay If you enjoyed today's video then show those like and subscribe buttons a bit of love And if you want to learn more about what Wall Street's involvement means for crypto then check out the video right over here
And if you want to see which DeFi crypto should be on your radar then check out the video right here Okay thank you all so much for watching and I'll see you in the next one This is Guy signing off
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