The case for tokenised equities: report

Explore how the tokenised equities market is developing and the opportunities shaping wider adoption.

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Tokenised equities are attracting growing attention across retail and institutional markets, with new initiatives emerging across exchanges, market infrastructures and digital platforms.

Produced with Digital Asset, this report examines the current market, the potential business and operational case, and the key considerations shaping the next phase of adoption.

Institutional activity grows

Institutional adoption

Bar chart with text: '23% of institutional firms are working on tokenised equities'.

With billions of dollars in tokenised equities now held by over 300,000 investors, the question of how tokenised equities work today is increasingly critical.

Institutional activity is developing alongside a fast-growing retail market, broadening the focus on infrastructure, regulation and operating models.

Turnover is scaling

Market activity

Text showing 'USD 6.21tbn monthly tokenised equity turnover'.

This persistence is exactly what on-chain securities and cash are designed to enable.

Growing trading activity is increasing the focus on infrastructure that can support tokenised equities across their full lifecycle.

Efficiency opportunity

Corporate actions

Text displaying 'USD 58bn potential annual industry savings'.

The 110,000 interactions behind a single corporate event are a measure of how many parties must ultimately align.

Streamlining data flows and reconciliation across corporate actions could create significant economic value for the industry.

The report explores how tokenised equities are developing across the market and where opportunities could emerge across trading, settlement and post-trade processing.

The report covers:

Market development across retail and institutional investors
Operational opportunities across settlement, reconciliation and asset servicing
Infrastructure developments supporting tokenised issuance and trading
Institutional requirements for broader participation
Regulatory and technical considerations shaping adoption
What comes next for the tokenised equity ecosystem