The State of Tokenization

As January draws to a close, we've seen more announcements in the past month regarding tokenization than in the previous year. The outlook for the space has never been stronger.

Tokenized funds are projected to reach $25 to $30 billion by year-end, according to Coinchange's 2026 institutional outlook.^[1] BlackRock's BUIDL fund alone has grown to over $2.4 billion AUM.^[2] JPMorgan's MONY fund launched in December.^[3] Franklin Templeton's BENJI platform is closing in on $750 million.^[4] The line between TradFi and crypto is continuing to blur and over time we expect them to become one.

On the regulatory front, the Clarity Act cleared the Senate Agriculture Committee this week on a 12-11 party-line vote.^[5] It's not a done deal. Zero Democrats crossed over, and the path through the full Senate remains uncertain. But for the first time, comprehensive market structure legislation looks like it could reach the President's desk this year.

Meanwhile, Standard Chartered is projecting that stablecoins could pull $500 billion from traditional bank deposits by 2028.^[6] We believe this will lead to the continuation of the post-2008 trend of banks retreating from certain segments of lending including SMB lending as the deposit base contracts. For non-bank lenders, this represents a massive opportunity. Holders of stablecoins will be looking to put those assets to work and lending protocols such as Zivoe are well positioned to absorb those assets.

What We’re Watching

• South Korea finalizes Digital Asset Basic Act.^[7]

• OKX launches compliant DeFi payments in Europe.^[8]

• Avalanche RWA TVL Surpasses $1.3B in Major Institutional Milestone^[9]

• Hivemind and CPIC announce $500M RWA tokenization fund^[10]

• ECB to Accept Tokenized Assets as Collateral Starting March 2026^[11]

• NYSE Announces 24/7 Blockchain-Based Trading Platform for Tokenized Securities^[12]

Zivoe on the Road

Kristal Gruevski, Founder of Zivoe, kicks off 2026 with back-to-back appearances at two of the industry's most important gatherings.

Satoshi Roundtable XII | January 29 - February 3 | Dubai

Now in its twelfth year, Satoshi Roundtable brings together leading developers, founders, and investors for focused discussions on the future of the industry.

Consensus Hong Kong | February 10-12 | Hong Kong

Consensus Hong Kong returns for its second year at the Hong Kong Convention and Exhibition Centre. Last year's debut drew nearly 10,000 attendees from over 100 countries. Kristal will be speaking on a panel at Hack Seasons, a side event during:

Panel: "RWA: Is It Investable or Not?" February 12 | 12:20 PM HKT | Asset Management Stage

Joining her on the panel are executives from Franklin Templeton, Plume Network, HashKey Tokenisation, Canton Network, and Soter Insure.

Registration for Hack Seasons

If you are attending either event, or want to learn more about how Zivoe can help you gain on-chain access to private credit strategies backed by real business cash flows, reach out at [email protected] or message @thorabbasi on Telegram.