RWA sector rebounds to $33.12B market cap as Swift pilots tokenized payments with 17 banks, Ondo launches tokenized stock perps, and Tether prepares native USDT on Bitcoin via RGB.
DeFi & Yields ·
The real-world assets sector is showing recovery momentum, with the RWA market cap reaching $33.12B, up 3.06% and ending a multi-month decline. Stablecoin market capitalization has returned above $300B at $300.43B. Trading volume, monthly active users, and holder counts all moved positive simultaneously for the first time since Q1, according to recent sector data.
Several institutions advanced tokenization initiatives this week. Swift and 17 global banks began piloting tokenized deposit cross-border payments operating 24/7. Ondo launched a perpetuals platform that uses tokenized stocks as collateral, offering up to 20× leverage. HSBC Hong Kong released what it describes as the first digitally native structured product deployed on blockchain. Sony obtained conditional approval from the OCC, while Connectia Trust announced a 2027 launch. Tether is preparing native USDT issuance on Bitcoin using the RGB protocol, expected within weeks.
Kazakhstan signed a stablecoin cross-border payment decree, signaling regulatory movement in the region. The confluence of infrastructure pilots, product launches, and regulatory backing across multiple jurisdictions suggests institutional adoption is expanding, though deployment timelines and pilot scope details remain partially undisclosed.