Asset Tokenization in Financial Markets 2025

Contents5 that analysed more than 75 industry reports to establish initial assumptionsDESK RESEARCHResearch methods: with more than 60 experts representing public- and private- sector stakeholdersINTERVIEWS of 10 leaders from leading financial institutions and technology companies to advise on strategic direction STEERING COMMITTEECommunity: of more than 200 expert members representing more than 100 institutionsCOMMUNITYconducted worldwide, in London, Singapore and San Francisco COMMUNITY WORKSHOPSIntroduction This report examines the evolution of asset tokenization in financial markets by analysing its distinguishing features and value proposition. Scope: In the context of recent advancements in tokenization in financial markets, the report evaluates tokenized asset classes and key use cases, examines the barriers to adoption, identifies expected market impacts and outlines strategies for realizing scalable implementation. The report builds on previous World Economic Forum reports, including Digital Assets, Distributed Ledger Technology and the Future of Capital Markets (2021), Evolution of Non- Fungible Tokens (2023) and Modernizing Financial Markets with Wholesale Central Bank Digital Currency (2024). These reports have covered the tokenization of payment assets and non-financial assets. This report focuses on financial assets. Select the tabs to cycle between textsIntroduction