Asset Tokenization in Financial Markets 2025

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Contents61 84. Allison, I. (2024, June 10). Fidelity International tokenizes money market fund on JPMorgan’s blockchain . CoinDesk. https://www.coindesk.com/business/2024/06/10/fidelity-international-tokenizes-money-market-fund-on-jpmorgans- blockchain/ 85. Apex Group. (2025, January 21). Fasanara launches tokenized money market fund on Polygon . https://www. apexgroup.com/insights/fasanara-launches-tokenized-money-market-fund-on-polygon/ 86. Johnson, S. (2024, March 3). Crypto ETFs set to trump precious metals peers, says State Street. Financial Times. https://www.ft.com/content/2c1f4a84-1f3b-4d97-85e8-6adc957c4161 87. Reuters. (2025, February 21). Franklin Templeton files for Solana ETF as crypto interest expands beyond bitcoin. https://www.reuters.com/technology/franklin-templeton-files-solana-etf-crypto-interest-expands-beyond-bitcoin- 2025-02-21/ 88. Swift. (2024, November 5). Swift, UBS Asset Management, and Chainlink successfully complete innovative pilot to bridge tokenized assets with existing payment systems . https://www.swift.com/news-events/press-releases/swift- ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing- payment-systems 89. La Salla, F. (2024, January 16). Why standards and controls are essential to the future of financial assets . World Economic Forum. https://www.weforum.org/stories/2024/01/digital-financial-markets-developing-standards-controls- davos24/ 90. International Securities Services Association. (2023, July). DLT in the real world survey 2023 – key findings . https:// issanet.org/content/uploads/2023/07/DLT-in-the-Real-World-2023_Survey-Key-Findings.pdf 91. Plepi, A., & Schwender, P. (2024, November 11). A method for uncovering tokenisation archetypes and their effects: Thus spoke Switzerland . SSRN. https://ssrn.com/abstract=5017084 92. Swift. (n.d.). Unlocking the potential of digital asset securities . Retrieved April 14, 2025, from https://www.swift.com/ campaign/unlocking-potential-digital-asset-securities 93. Nethermind & PwC. (2025, February). Tokenization standards: The missing link for institutional adoption . https://cdn. pod.website-files.com/63bcd69729ab7f3eac1d210/c6748c00035fe2c75f6de6b_Tokenization_Standards_The_ Missing_Link_for_Institutional_Adoption_Nethermind_PwC.pdf 94. Accenture, Chainlink, & RWA.xyz. (2025, forthcoming). Liquidity without borders: Why cross-chain interoperability matters. 95. LayerZero. (n.d.). LayerZero V2 OFT quickstart . Retrieved April 14, 2025, from https://docs.layerzero.network/v2/ developers/evm/oft/quickstart 96. Organisation for Economic Co-operation and Development. (2025, January 9). Tokenisation of assets and distributed ledger technologies in financial markets: Potential impediments to market development and policy implications. OECD Business and Finance Policy Papers, No. 75. OECD Publishing, Paris. https://doi.org/10.1787/40e7f217-en 97. Wang, C. (2023). Trading securities as digital tokens: Is a secondary market practicable for tokenized exempt securities? University of New Hampshire Law Review, 22 , 39. https://scholars.unh.edu/unh_lr/vol22/iss1/398. The ValueExchange. (n.d.). DLT and digital assets . Retrieved April 14, 2025, from https://thevx.io/campaign/dlt-and- digital-assets/ 99. Fintech at Cornell. (2025). Cornell convenes 2024 roundtable forum: Tokenization of real-world assets . https:// business.cornell.edu/wp-content/uploads/sites/2/2025/02/Cornell_Convenes_Roundtable_Report_Tokenization_of_ Real-World_Assets_FINAL_2.3.25_VD_.pdf 100. SIX Group. (2022, November 3). UBS launches world's first native digital bond with intended dual listing and trading on SIX Digital Exchange and SIX Swiss Exchange [Press release]. https://www.six-group.com/en/newsroom/media- releases/2022/20221103-sdx-ubs-bond.html 101. JP Morgan. (2024, November 6). Project EPIC: Fueling tokenized finance with on-chain enterprise privacy, identity and composability . https://www.jpmorgan.com/kineyx/content-hub/project-epic-enterprise-privacy-identity- composability 102. Westin, A. (1967). Privacy and freedom. Washington and Lee Law Review, 25 (1). https://scholarlycommons.law.wlu. edu/wlulr/vol25/iss1/20/ ; MIT Digital Currency Initiative. (2024). Enhancing the privacy of a digital pound . https://dci. mit.edu/enhancing-the-privacy-of-a-digital-pound 103. Financial Action Task Force. (2025, February). The FATF Recommendations . https://www.fatf-gafi.org/content/dam/ fatf-gafi/recommendations/FATF%20Standard%20-%2040%20Recommendations%20crc.pdf 104. BIS. (n.d.). Project Aurum 2.0: Improving privacy for retail CBDC payment . Retrieved April 22, 2025, from https:// www.bis.org/about/bish/topics/cbdc/aurum_2_0.htm 105. Digital Dollar Project. (2023). Secure adoption of a digital dollar: Operational and compliance risks for the US banking sector. https://digitaldollarproject.org/wp-content/uploads/2023/06/Risk-Working-Paper_Secure-Adoption-of-a- Digital-Dollar.pdf ; Chainalysis. (2022). The 2022 crypto crime report . https://go.chainalysis.com/rs/503-FAP-074/ images/Crypto-Crime-Report-2022.pdf 106. Citigroup. (2004, December 2). Ready layer 1: A general-purpose state machine for the financial sector . https://www. citigroup.com/global/insights/ready-layer-1-a-general-purpose-state-machine-for-the-financial-sector 107. Dev, A., & Buterin, V. (2022). ERC-5564: Stealth addresses . Ethereum Improvement Proposals. https://eips. ethereum.org/EIPS/eip-5564 108. Tokeny. (n.d.). DINO: Distribute digital securities globally and compliantly . Retrieved April 14, 2025, from https:// tokeny.com/dino/ 109. ERC3643 Association. (n.d.). ERC3643 – the token standard for RWA tokenization . Retrieved April 14, 2025, from https://www.erc3643.org/ 110. Global Blockchain Business Council. (2024). The Dawn of Travel Rule with Notabene. YouTube. https://www.youtube. com/watch?v=PzCQan0XLuI 111. Carstens, A., & Nilekani, N. (2024). Finternet: The financial system for the future . Bank for International Settlements. BIS Working Papers No. 1178. https://www.bis.org/publ/work1178.htmEndnotes
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