RWA issuers prioritize capital formation over liquidity, according to Brickken survey

Exclusive fourth quarter data shows 69.2% of issuers are live, while 84.6% report regulatory friction shaping tokenization rollout. What to know : A new Brickken survey finds most real-world asset issuers are using tokenization primarily to improve capital formation and fundraising efficiency, not to unlock secondary market liquidity. While major exchanges like CME, NYSE and Nasdaq push toward 24/7 trading for tokenized assets, many issuers remain in a validation phase focused on regulatory structures, issuance processes and compliant asset quality. Regulation is the main drag on tokenization efforts, even as activity expands beyond real estate into equities, IP and entertainment, with industry leaders emphasizing issuance infrastructure as the key bridge between traditional and decentralized finance.