Tokenization is seen as a crucial step in providing retail investors with access to traditionally restricted asset classes, as stated by Johann Kerbrat, senior vice president of Robinhood Crypto, during the Consensus 2025 event. Real-world assets like real estate and private equity, currently only accessible to 10% of the US population, can be made available through fractionalization and tokenization. Robinhood and other firms like BlackRock and Franklin Templeton are exploring Retail-Wrapped Asset (RWA) tokenization, with the current market capitalization of onchain RWA standing at $22.5 billion among 101,457 asset holders. Kerbrat also highlighted the increasing role of stablecoins, predicting the emergence of more specialized stablecoins for specific markets. Tether's USDT and Circle's USDC are the largest stablecoins dominating the market with $211.8 billion total market cap. Dea Markova from Fireblocks noted a growing demand for non-dollar-pegged stablecoins amidst warnings from Italian officials regarding the risks associated with dollar-pegged stablecoins.