Tokenization Takes Center Stage: Major Financial Institutions Shift Focus from Stablecoins

Leading financial institutions are embracing real-world asset (RWA) tokenization, signaling a dramatic shift away from stablecoins. BlackRock, JPMorgan Chase, and HSBC have prioritized RWA tokens for yield-bearing assets, positioning this as a key driver in institutional innovation. 2026 is the target date for HSBC to launch tokenized deposits for corporate clients in the US and UAE, while JPMorgan continues developing its JPM Coin, a deposit token on its Onyx blockchain, highlighting the growing adoption of these new technologies within the industry.