Executives from Franklin Templeton, SWIFT, and Ledger stated that tokenized money market funds and digital bank deposits are moving from the pilot phase to the early stages of financial infrastructure, potentially enabling the banking system to operate 24/7, natively on-chain. Chetan Karkhanis, Head of Digital Assets at Franklin Templeton, stated that the company is focusing on tokenizing money market funds, achieving 24/7 liquidity and reducing operating costs by 5 to 15 basis points by natively issuing fund units on-chain and supporting access from self-custodied wallets or exchanges. However, institutional adoption is still in its early stages. Industry data shows that the current on-chain stablecoin market is approximately $300 billion, and tokenized US Treasury bonds and other RWAs are around $40 billion, still a relatively small percentage compared to the global wealth exceeding $200 trillion. (Coindesk)