Market data shows rising RWA and stablecoin capitalizations but declining retail participation, as Nasdaq and Stuttgart Stock Exchange advance tokenization initiatives.
The Real-World Asset (RWA) market cap grew steadily this week despite a sharp drop in asset issuers, suggesting structural market clearance. Stablecoin market capitalization also increased, but monthly active addresses declined significantly, indicating a pivot from retail to institutional dominance. In parallel, Nasdaq is seeking SEC approval to tokenize stocks, while the Stuttgart Stock Exchange has launched its Pan-European tokenized asset settlement platform, Seturion.