Digital Assets
Tokenization and the Next Market Infrastructure
Tokenization is increasingly discussed as financial infrastructure rather than a crypto-only application.
Executive perspective
A considered view of the subject.
Potential value can accrue across issuance, settlement, custody, exchanges, networks and financial institutions.
Research focus
Questions that frame the analysis.
The core research questions are where tokenization reduces friction, who captures the economics and which standards achieve durable adoption.
Investment perspective
The portfolio lens.
The opportunity set may extend beyond native tokens into enabling infrastructure.