The tokenisation of investment fund shares remains at an intriguing crossroads. While stablecoins (i.e. tokenised representations of fiat currencies) have dominated the real-world asset tokenisation space to date, we’re now witnessing accelerating momentum in fund tokenisation.
After nearly a decade of limited progress following Ethereum’s 2015 smart contract breakthrough, 2024 has emerged as a potential inflection point, marked by landmark initiatives from major US asset managers.
This resurgence comes after years of cautious experimentation. Early movers who partnered with fintech providers around 2020 found solutions that operated at the periphery of core investment operations rather than integrating seamlessly with existing fund ecosystems.
Today, however, three critical enablers are converging: regulatory clarity through frameworks like MiCA in Europe, technological maturation of institutional-grade DLT solutions, and a growing investor appetite for digital asset exposure.
