Today the market has two noteworthy developments:
Citigroup and Coinbase are building payment and settlement rails between fiat and stablecoins; on the other hand, Kakao Pay Securities is also collaborating with Ondo Finance to explore taking Korean stocks further to global on-chain market venues.

Market observations: RWA is gradually moving from “a concept” toward actual financial infrastructure—tokenized stocks + stablecoin payments + on-chain settlement could be an important next direction for the convergence of Web3 and traditional finance.