Wall Street is abuzz about ‘tokenized assets’—but most activity is limited to a nascent ‘wrapper’ phase, report finds

Wall Street is abuzz about ‘tokenized assets’—but most activity is limited to a nascent ‘wrapper’ phase, report finds

Finance leaders from BlackRock’s Larry Fink to Robinhood’s Vlad Tenev have displayed enthusiasm for tokenization, a term for representing real-world assets as tokens on the blockchain. But despite the excitement, roughly 78% of tokenized assets remain only as “wrappers,” or receipts for assets that primarily operate off-chain, according to a new report from crypto asset manager Pantera.  The report scored 542 tokenized assets on a scale from wra…

Pantera Says Tokenization Is Still in Early Wrapper Phase

Pantera says the tokenization market has grown to $321 billion, but remains structurally immature. Its Tokenization Progress Index found most tokenized assets still operate as wrappers around traditional financial products. Pantera says tokenization is growing fast, but not yet becoming the financial redesign many in crypto expected. Most tokenized assets are still wrappers The crypto asset manager analyzed 542 tokenized assets across 11 asset c…