Tokenized Real-World Assets (RWAs) are gaining the attention of traditional and crypto investors at both retail and institutional levels, driven by the United States (US) Government’s push to migrate Traditional Finance (TradFi) on-chain. Meanwhile, Near Protocol (NEAR) and Ondo (ONDO) are breaking new ground for crypto and tokenized trading – even without the CLARITY Act in place.

Let’s start from the beginning. 

Tokenization seed in the US stock market 

Earlier this year, on March 24, the New York Stock Exchange (NYSE) announced a partnership with Securitize to develop infrastructure for the tokenized securities market, enabling faster settlement. In addition, the Nasdaq received approval from the US Securities and Exchange…