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Tokenisation gaining altitude
A global research report on how tokenisation is moving into production across asset management
Tokenisation has crossed a credibility threshold. Once largely confined to proof-of-concept projects, it is now moving into operational deployment across asset management.
Our latest global research report, developed in partnership with Mergermarket, draws on insights from 100 senior executives across fund management firms, including general partners in private markets, asset managers, and fund managers.
Key findings at a glance
- Half of surveyed firms have deployed tokenisation, while the other half are still at the pilot stage
- Private markets are leading adoption, with 45% already tokenised
- Access, not efficiency, is the primary driver, cited by 42% of respondents
- HNWIs are driving buy-side demand, with 63% of firms identifying them as the most engaged investor segment
- Almost all firms, 96%, rely on third-party providers to support their tokenisation strategies
From pilots to production
Tokenisation is no longer experimental. Half of surveyed firms have deployed tokenisation in some form, while the remaining 50% are at proof-of-concept stage.
The report explores how firms are moving from strategic intent to operational reality, including where adoption is accelerating, which asset classes are being prioritised, and what barriers still need to be overcome.
The research covers:
- How tokenisation is moving from pilot projects to broader deployment
- Why private markets are emerging as a natural starting point
- The investor segments driving demand for tokenised products
- The talent, infrastructure, and outsourcing models needed for scale
- The regulatory, custody, and market alignment challenges shaping adoption
Building for the tokenised economy
Tokenisation has the potential to broaden investor access, improve transparency, and support more efficient market infrastructure. But scaling tokenised strategies requires more than technology. It demands operational discipline, robust governance, and partners that understand the full digital fund lifecycle.
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If you are an asset manager, fund manager, or allocator exploring tokenised strategies, contact us to learn how we can support your next stage of growth.