According to the source, real-world asset tokenization is moving from hype to regulated, institution-backed finance. BlackRock launched BUIDL, a tokenized U.S. dollar liquidity fund on Ethereum with Securitize as transfer agent, marking blue-chip entry into on-chain funds (source: BlackRock press release, Mar 20, 2024). J.P. Morgan’s Tokenized Collateral Network executed a live transaction using tokenized BlackRock money market fund shares as collateral for Barclays, demonstrating regulated collateral use on-chain (source: J.P. Morgan press release, Oct 11, 2023). Franklin Templeton’s Franklin OnChain U.S. Government Money Fund records share ownership and processes transactions on public blockchains under SEC oversight, evidencing compliant fund operations on-chain (source: Franklin Templeton press release, Apr 25, 2023). Singapore’s MAS expanded Project Guardian pilots for tokenized funds, bonds, and FX with regulated institutions like DBS and J.P. Morgan, enabling institutional DeFi under supervisory sandboxes (source: Monetary Authority of Singapore media releases, 2023–2024). Hong Kong issued multi-currency tokenized green bonds under the HKSAR Government programme, settling via regulated market infrastructure and DLT, showcasing sovereign-grade tokenization (source: Hong Kong Monetary Authority press release, Feb 7, 2024). The UK’s HM Treasury–backed Technology Working Group published a fund tokenisation blueprint endorsed by the FCA, paving regulated pathways for tokenised fund structures (source: UK Technology Working Group report supported by HM Treasury and FCA, Nov 2023). In the EU, tokenised financial instruments fall under MiFID II while MiCA governs other crypto-assets, clarifying the regulatory perimeter for RWA issuance and trading (source: Regulation (EU) 2023/1114 MiCA and MiFID II; European Commission/ESMA guidance, 2023). Trading take: These milestones validate on-chain T‑bill and money market yields, tokenized collateral, and regulated fund rails becoming investable, with direct implications for DeFi liquidity, stablecoin demand, and Ethereum (ETH) settlement usage; monitor inflows to tokenized funds (e.g., BUIDL), MAS/UK pilot timelines, and TCN collateral use cases for directional signals (sources: BlackRock 2024; J.P. Morgan 2023; MAS 2023–2024; UK TWG 2023).

According to the source, a former TD Ameritrade Chair stated that all assets will be tokenized within five years, highlighting the accelerating real‑world asset adoption trend relevant to crypto markets (source: Oct 15, 2025 public social media post). RWA traction is visible on major chains: BlackRock launched the BUIDL tokenized U.S. dollar fund on Ethereum in March 2024, signaling institutional tokenization activity on ETH (source: BlackRock press release, March 2024). Franklin Templeton operates the Franklin OnChain U.S. Government Money Fund via the BENJI token on Stellar and Polygon, extending tokenized money market access across public chains (source: Franklin Templeton product documentation, 2023–2024). JPMorgan’s Onyx has executed tokenized collateral and intraday repo transactions using JPM Coin, demonstrating tokenized settlement in traditional finance workflows (source: JPMorgan announcements, 2023). Regulators are piloting tokenization at scale through MAS Project Guardian, which includes tokenized funds, FX, and collateral with global banks (source: Monetary Authority of Singapore updates, 2023–2024). For trading, these deployments concentrate RWA flows on Ethereum and EVM ecosystems, making ETH a key asset to monitor for fee dynamics and liquidity, while AUM and wallet growth in BUIDL and BENJI serve as on-chain leading indicators of RWA demand (source: BlackRock and Franklin Templeton public updates, 2024).

According to the source, Robinhood CEO Vlad Tenev said tokenization will “eat the entire financial system” on Oct 2, 2025, signaling an on-chain shift for asset issuance, settlement, and brokerage rails that traders should map to liquidity venues and custody infrastructure (source: Vlad Tenev public remarks, Oct 2, 2025). Institutional adoption is already underway, with BlackRock’s tokenized USD Institutional Digital Liquidity Fund BUIDL surpassing $500 million on Ethereum in 2024, evidencing demand for tokenized Treasuries and cash management on public chains (source: BlackRock, 2024 fund updates). Citi projects $4–5 trillion of tokenized digital securities by 2030, framing a multi-year flow theme that could concentrate activity on high-throughput L1/L2s such as ETH and SOL as compliance tooling matures (source: Citi Global Perspectives & Solutions, March 2023). Regulatory pilots including MAS Project Guardian have demonstrated tokenized bonds, FX, and collateral with major banks, reducing operational risk for regulated adoption and making settlement finality and interoperability key trading variables (source: Monetary Authority of Singapore, 2023–2024). For equity exposure, Robinhood has launched a self-custody wallet and expanded crypto trading in the EU, aligning its infrastructure with potential tokenized asset offerings subject to regulation, which links HOOD revenues to on-chain activity cycles (source: Robinhood company announcements and filings, 2023–2024). BIS and MAS analyses highlight that fees, throughput, and programmability influence venue selection for tokenized RWAs, making ETH gas costs, SOL throughput, and RWA token yields critical inputs for trade timing and execution strategy (source: Bank for International Settlements, 2023; Monetary Authority of Singapore, 2023–2024).

According to @BitMEXResearch, tokenisation of real world assets is superior to traditional securitization for market efficiency and investor outcomes. According to BlackRock, its BUIDL tokenized fund issues programmable shares on Ethereum that enable on-chain transfers and real-time transparency. According to Securitize, BUIDL subscriptions and redemptions settle in USDC with Securitize acting as transfer agent, directly linking institutional cash flows to crypto rails. According to Franklin Templeton, its tokenized U.S. Government Money Fund records share ownership and daily transactions on public blockchains, demonstrating operational visibility and automated record-keeping. According to 21.co research, tokenized U.S. Treasury assets outstanding surpassed 1 billion dollars in 2024, signaling growing demand for on-chain fixed-income exposure. According to the Monetary Authority of Singapore, Project Guardian pilots showed tokenized asset trading and automated compliance across major banks, evidencing lower settlement friction and higher liquidity potential on-chain.