In reality, the tokenization of Real-World Assets (RWA) has gradually moved from theoretical discussions and small-scale experiments into the actual business scope of traditional financial institutions such as banks, asset management, and funds. By 2025, several large international institutions will launch "tokenized money market funds" or "tokenized cash funds," completing their first on-chain issuance and trading through public chain systems. This indicates that tokenized assets are accelerating towards compliance and institutionalization.

For example, the large European asset management company Amundi recently issued a tokenized share class of its euro money market fund on the Ethereum blockchain, allowing investors to choose between traditional funds or on-chain funds, and supporting 24/7 subscriptions and redemptions. This not only represents an innovation in asset management models but also demonstrates financial institutions' confidence in blockchain infrastructure and custody solutions.

At the same time, traditional assets represented by government bonds, short-term bonds, and money market instruments are also achieving more flexible financing and circulation methods through tokenization. According to market statistics, by 2025, the market size of tokenized assets will rapidly expand, with the total amount of tokenized RWA exceeding several billion dollars, covering asset types such as government bonds, private credit, fund shares, real estate, and commodities.

Tokenized assets possess characteristics such as "fragmented ownership," "on-chain trading," "distributed custody," and "global circulation," allowing large assets that were previously only accessible to institutions or high-net-worth individuals to be split into smaller shares for more investors to hold. This not only lowers the threshold but also increases asset transparency and potential liquidity; for issuers and asset management institutions, it means a more efficient settlement system and lower operational costs.

However, tokenization does not automatically bring liquidity. Despite the rapid growth in the number of on-chain assets, many tokenized assets are not actively traded in the secondary market, with longer holding periods, and assets that truly possess "real-time liquidity" remain in the minority. Some studies point out that without supporting market infrastructure, market-making systems, and regulatory connections, the "liquidity vision" of tokenized assets may be difficult to achieve.

Moreover, the legal positioning of tokenized assets varies across global jurisdictions. Some countries classify them as securities, while others categorize them as digital tokens or alternative assets, complicating cross-border issuance and liquidity. Some non-standardized assets (such as real estate, private credit, infrastructure projects, etc.) also lack unified standards in valuation, auditing, and pricing, leaving room for improvement in transparency.

It is noteworthy that as more traditional financial giants enter the RWA tokenization field, this trend has expanded from the crypto-native ecosystem to a deep integration with traditional financial infrastructure. In the future, if regulatory systems, on-chain asset custody, technical standards, and international compliance frameworks are gradually improved, tokenization is expected to become one of the infrastructures of mainstream financial markets and drive a structural transformation in global capital flow.

Overall, 2025 is a key year for asset tokenization to move from "concept" to "institutional application." The characteristics of "divisible, transparent, and on-chain tradable" assets provided by tokenization meet the traditional finance demands for efficiency, security, and compliance, while also offering investors new asset allocation tools. If relevant systems and market support continue to improve, the tokenization of real-world assets is expected to reshape the future landscape of financial markets.

Related: Bitwise Chief Investment Officer states: Even if stock prices fall, the fund does not need to sell its Bitcoin (BTC) holdings.

Original: “The Rise of the Asset Tokenization Wave: Traditional Finance Moves to the On-Chain New Era”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。