[Fidelity: Institutions Have Reached the Point of No Return Toward a Tokenized On-Chain Future] Odaily Planet Daily News – Matthew Horne, Head of Digital Asset Strategy at asset management company Fidelity Investments, stated that over the past 18 months, true institutions have been steadily advancing toward a tokenized on-chain future, with “no turning back.” He noted that tokenization can provide structural advantages for financial institutions and help asset management firms access new markets. Horne emphasized that U.S. asset management institutions, in particular, are motivated to move assets on-chain, as tokenization can improve how investors access assets and assist institutions in reaching new markets. Over the past 30 days, demand for tokenized assets has grown by 41%, with the number of holders exceeding 493,000. Ka Yan Chan, Head of Digital Asset Business Development at UBS Group (America), stated that core assets such as U.S. Treasury bonds and equities could drive billions of dollars onto the blockchain. She pointed out that if market infrastructure institutions like the Federal Reserve or DTCC take the lead in transforming the custody layer into a tokenized platform, the scale of on-chain funds could expand from billions to trillions of dollars. The U.S. Securities and Exchange Commission (SEC) has issued a “no-action” letter to a subsidiary of the Depository Trust and Clearing Corporation (DTCC), allowing it to provide tokenized securities market services starting in December 2025. Over the past 30 days, more than $1.2 billion has been transferred on-chain, with the combined scale of stablecoins and tokenized assets exceeding $323 billion. (Cointelegraph)