Onchain Gold, Tokenized Stocks, and Milestone Trading: A New Era of Compliant Real-World Assets?

Explore the rise of onchain gold, the potential of tokenized stocks, and the future of milestone trading. Is this the dawn of compliant real-world asset trading?

Onchain Gold, Tokenized Stocks, and Milestone Trading: A New Era of Compliant Real-World Assets?

The convergence of traditional finance and the crypto world is accelerating, with onchain gold volumes soaring and tokenized stocks poised to disrupt the market. Are we witnessing the beginning of a new era of compliant real-world asset (RWA) trading? Let's dive in.

Gold-Backed Tokens: A Safe Haven and Liquidity Asset

Recent data reveals a significant surge in onchain trading volumes for gold-backed tokens like Tether Gold (XAUt) and Paxos Gold (PAXG). In May 2025, combined volumes reached $236 million, a 247% increase compared to the previous two weeks. Paxos Gold continues to dominate, accounting for 68% of the total volume. This spike suggests that investors are increasingly viewing onchain gold not just as a safe haven, but as a reliable liquidity asset, especially during times of geopolitical or market stress.

Tokenized Stocks: The Next Frontier

Following the success of gold-backed tokens, institutional and DeFi players are ramping up efforts to tokenize traditional equities. Coinbase, for instance, is seeking SEC approval to launch tokenized stock trading services for U.S. customers. This move could revolutionize stock trading by offering faster settlement, longer trading windows, and lower operating costs.

JPMorgan Chase and Coinbase Lead the Charge

JPMorgan Chase is actively exploring on-chain banking with its JPMD (JPMorgan Deposit Token), representing a customer's U.S. dollar bank deposit on the Base blockchain. This pilot project aims to streamline institutional-level trading. Simultaneously, Coinbase is evolving into an on-chain asset infrastructure provider, potentially becoming the “Nasdaq” for both crypto assets and traditional securities.

Regulatory Winds and Revenue Streams

The U.S. Senate's passage of the GENIUS Act signals growing regulatory acceptance of crypto assets. This favorable backdrop allows companies like Coinbase to explore new revenue streams through tokenized stocks, derivatives trading, and stablecoin payments. By integrating DEX on Base and partnering with platforms like Shopify and Stripe, Coinbase is building a comprehensive on-chain financial operating system.

A Personal Take: The Future is Tokenized

The developments in onchain gold and tokenized stocks are incredibly exciting. Imagine a world where trading stocks is as seamless as trading crypto, with near-instant settlement and 24/7 availability. The potential for increased efficiency and accessibility is enormous. Of course, regulatory compliance and security are paramount, but the progress we're seeing suggests that this future is closer than we think. For example, Coinbase proactively seeking a no-objection letter from the SEC demonstrates a commitment to compliance, paving the way for wider adoption.

Wrapping Up: Buckle Up, Buttercup!

From gold-backed tokens to tokenized stocks and the infrastructure being built by giants like JPMorgan Chase and Coinbase, the world of onchain finance is rapidly evolving. It's a thrilling time to be involved in the crypto space. So, keep your eyes peeled, stay curious, and get ready for a wild ride!