Tokenization Takes Hold as Major Firms Bring Traditional Assets On-Chain

Traditional financial institutions are increasingly embracing tokenization as a way to bring traditional assets on-chain. BlackRock, JPMorgan, Franklin Templeton, and other major players have been putting funds, government debt, and other regulated financial instruments onto public blockchain infrastructure.

The numbers show just how quickly the category is expanding: from around $2 billion in March 2024 to more than $38 billion in tokenized assets. Tokenized US Treasuries have also grown from $721 million to roughly $16 billion.

BlackRock's BUIDL fund, one of its major tokenized funds, now manages over $2.6 billion and can be used by qualified investors as trading collateral through supported infrastructure while continuing to generate yield.