RWA Weekly: Nasdaq seeks SEC approval for stock tokenization, Stuttgart Stock Exchange ...

This article presents a comprehensive weekly analysis of the Real-World Asset (RWA) tokenization market covering developments from September 5-11, 2025, highlighting regulatory advances and market structural changes.

The RWA market reached $29.02 billion in total capitalization with steady 8.27% monthly growth, though the number of asset issuers dropped significantly by 20.20%, indicating market consolidation. Meanwhile, stablecoin market cap grew to $278.14 billion, but monthly active addresses plummeted 27.55%, revealing institutional dominance over retail participation. Key regulatory milestone includes Nasdaq's formal SEC application for tokenized stock trading, demonstrating mainstream finance's embrace of blockchain technology.

• Market shows structural consolidation with fewer issuers but growing capitalization and holder base
• Stablecoin sector experiences institutional capital influx while retail activity declines substantially
• Major regulatory progress includes Nasdaq's tokenization application and New Zealand's consultation framework
• Notable partnerships emerge between traditional finance institutions and blockchain platforms across Asia-Pacific regions