Nasdaq, Kraken and the Fed just removed three of the biggest barriers to RWA tokenization in one week. Is anyone else paying attention to this?

I have been going down the RWA rabbit hole for a few months now and this week felt different from everything else I have been tracking.

Three things happened in the same window. Nasdaq is working with Kraken to build 24/7 tokenized equity trading infrastructure. US regulators confirmed tokenized securities receive the same capital treatment as conventional securities. Kraken gained access to Federal Reserve payment rails placing a crypto native platform inside the same settlement backbone major banks use.

From what I have been learning the three biggest blockers for institutional RWA adoption have always been regulatory uncertainty, settlement infrastructure and market access. This week addressed all three at once.

I am still early in learning this space so I might be reading too much into the timing. But it feels like the conversation about whether tokenized assets are legitimate financial instruments just got answered from the top down.

For people who have been here longer than me, does this change your timeline expectations for institutional RWA adoption?