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 assets reached a market value of $38.7B with 2.95M participants in late August 2026, representing a 105 percent month-over-month surge in holder count. Trading activity in stablecoins climbed 20.33 percent during the same period, marking the sharpest monthly rise in recent months.
Major financial institutions moved forward with tokenization initiatives across multiple channels. JPMorgan, Bank of America, Wells Fargo, and Santander progressed a coordinated stablecoin effort, while Coinbase rolled out tokenized equity instruments on its Base network—including positions in AAPL and NVDA—integrated with decentralized finance applications. Separately, Bitwise introduced an automated portfolio product offering tokenized equities to international investors at a 0.15 percent management fee, and Revolut debuted a euro-denominated stablecoin called EURR.
Adoption signals emerged from the banking sector. A cohort of 40 Japanese financial institutions began testing tokenized deposit settlement between institutions, signaling institutional movement toward digital asset infrastructure. Whether these parallel initiatives lead to cross-platform interoperability or converge toward unified standards remains unresolved.