Major traditional banks and crypto platforms advance tokenized assets and stablecoins, with JPMorgan-led stablecoin alliance, Coinbase tokenized stocks on Base, and Japanese bank pilots driving $38.7B RWA market to 2.95M holders (+105% MoM).
DeFi & Yields ·
Real-world asset market capitalization reached $38.7B with 2.95M holders, marking a 105% month-over-month increase. Major developments include JPMorgan, Bank of America, Wells Fargo, and Santander advancing a global stablecoin alliance, while Coinbase launched tokenized Apple and Nvidia stocks on Base for use in decentralized finance. Stablecoin trading volume climbed 20.33% in what observers characterized as the largest monthly jump in recent months, alongside separate initiatives including 40 Japanese banks piloting tokenized deposit transfers, Bitwise introducing automated tokenized stock portfolios for non-US investors at a 0.15% fee, and Revolut launching a euro stablecoin.