Celent has published a report entitled Tokenization Reaches the Real World.
Headlines about the tokenization of real-world asset (RWA) have been streaming for over a decade. Combined with the launch of stablecoins (a form of programmable money), talk of composable finance has spiked.
As with all hype cycles, it is time for a reality check. Where are we along the adoption flywheel? Who are the pacesetters? For RWA tokenization, Celent assesses the marketplace through the lens of an asset manager with a focus on the most mature asset class, money market funds. For programmable money, it examines the entire playing field.
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Companies referenced in this report, include for tokenized MMFs: BlackRock, Franklin Templeton, JPMorgan, UBS, WisdomTree, and BNPP. For programmable money: Citi, JPMorgan, SG FORGE, DBS, HSBC, and AllUnity/Deutsche Bank.
Further information on how to access the report, authored by senior analyst, Alenka Grealish, is available via this link.
For detailed insights on tokenized money, see Celent reports: Tokenized Money: Understand and Act and Tokenized Money: Opportunities in Treasury Services.
