Stock ETF tokenization advances steadily, traditional brokerage firms' jobs are trembling.

This RWA market maintains steady growth with institutions accelerating their entry, showing no signs of drastic fluctuations, continuing the structural expansion since 2026, with market size and institutional participation continuously expanding. The core areas include U.S. Treasury tokenization, private credit, and precious metals, while stock/ETF tokenization advances steadily. On the dynamic front, attention is on proposed tax reform, South Korea's blockchain deposit token pilot, regulatory concerns regarding the X Money plan, and asset tokenization being listed as a key focus for the next phase.