According to @onchainpanini, HSBC’s tokenized gold in Hong Kong is live for retail custody, demonstrating that banks can deliver blockchain infrastructure at scale rather than limiting efforts to pilots (source: @onchainpanini on X, Aug 10, 2025). According to @onchainpanini, as banks transition from experimentation to serving customers, infrastructure providers such as Hex Trust become essential to the custody and tokenization stack, underscoring institutional-grade readiness relevant for RWA-tracking traders (source: @onchainpanini on X, Aug 10, 2025).

According to @onchainpanini, JPMorgan flagged that RWA tokenization is stalling due to poor liquidity, market fragmentation, and technology barriers, underscoring structural frictions that limit institutional flow and execution quality; source: @onchainpanini. According to @onchainpanini, institutions want the operational efficiency of tokenization but are unwilling to bear the early-stage frictions, which caps near-term deployment and trading depth in RWA markets; source: @onchainpanini. According to @onchainpanini, Hex Trust and Clearpool Finance are building the institutional rails that could address these bottlenecks, highlighting custody, connectivity, and liquidity network build-out as the practical focus; source: @onchainpanini. According to @onchainpanini, the competitive edge will likely go to the first effective bridge provider, making execution-ready infrastructure a primary catalyst to watch for RWA adoption and trading volumes; source: @onchainpanini.