As we return from the holidays and put an eventful year behind us, it helps to set the course for the year ahead with clear perspectives before duties and deadlines take over our attention. By learning from the milestones of 2025, we can scale institutional tokenization more productively in 2026.

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In our latest report, attached below, we analyze how tokenization hit crucial milestones in 2025 that boosted confidence and proved feasibility at an institutional scale. Major regulators moved to harmonize rules, prompting traditional finance players to re-engage in digital assets en masse. Consequently, tokenized bonds are scaling fast, and tokenized funds have moved from pilot phases into production, offering an end-to-end on-chain experience.

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However, scaling in 2026 requires us to address lingering pain points:

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• Legal Finality: A universal legal definition of when a token transfer is final remains missing, particularly regarding cross-border enforceability.

• Privacy vs. Transparency: The industry is still searching for a compliant privacy-preserving architecture that functions on public ledgers.

• Fragmentation: Ecosystems remain siloed, trapping liquidity in isolated pools and preventing a true "internet of value".

• Integration: Interfacing blockchain solutions with legacy core banking and ERP systems remains an arduous task due to technical and talent bottlenecks.

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The paradigm shifted in 2025: real value is being unlocked, and key barriers are coming down. Tokenization is no longer a wait-and-see proposition; it is a strategic necessity. To stay ahead, institutions must now establish tokenized cash strategies, launch real-world pilots with clear ROI, and harden their risk frameworks for production.

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Read the full perspective in the attached report.

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