Overview
- MoonPay president Keith Grossman says adoption is moving faster than expected and warns incumbents cannot freeze progress to protect legacy economics.
- BlackRock has launched tokenized funds and Franklin Templeton is operating tokenized money market funds on public blockchains.
- Citi, Bank of America and JPMorgan have been linked to tests of onchain settlement, tokenized deposits and near real‑time transfers, with BofA describing a multi‑year onchain future for banks.
- Industry trackers report tokenized markets have surpassed $700 billion and could reach about $1 trillion when including stablecoins, with activity spanning repos, U.S. Treasuries and a pickup in tokenized equities from issuers like Ondo Finance, Backed Finance and Securitize.
- Early activity is consolidating around Ethereum as a primary settlement layer and 24/7 trading reshapes risk and liquidity, even as groups such as the World Federation of Exchanges and Citadel Securities press for tighter oversight of tokenized products.