The report suggests that the surge in blockchain-based representations of stocks, bonds, and other real-world assets (RWAs) is no longer theoretical and could begin influencing crypto prices sooner than previously expected.
Simultaneously, financial institutions invested $135 million into the Canton Network, a Layer 1 blockchain built specifically for trading tokenized stocks and bonds. Participants in the round included Tradeweb, Citadel, Goldman Sachs, and DTCC, signaling institutional buy-in.
One of Latin America’s largest exchanges announced a $200 million tokenization initiative on the XRP Ledger, and Galaxy Digital warned tokenization could eventually impact traditional exchanges like the NYSE. Collectively, these moves point to a shift in how financial markets could operate going forward.
Bitwise’s report suggests that ETH, SOL, XRP, and LINK stand out as “clean” investment vehicles to gain exposure to the tokenization trend.
With global stock and bond markets representing a combined $257 trillion, the total addressable market for tokenization is substantial.
The Bitwise analysts added that even modest adoption, 1% to 5% penetration, could translate into trillions of dollars flowing through blockchain ecosystems. Bitwise’s conclusion: the tokenization narrative, once considered speculative, may already be shaping the next major cycle in crypto markets.
Featured image created with DALL-E, Chart from TradingViewe
