Lise received authorisation from French regulator AMF in late 2025, becoming the first institution in Europe licensed to operate a fully tokenised equity exchange. Unlike hybrid models that tokenise existing securities while keeping legacy infrastructure in place, Lise has built a single on-chain system that combines issuance, trading, settlement, and share registry. There is no parallel paper record, no T+2 clearing cycle, no intermediary custodian between the exchange and t

Real-world asset tokenisation has moved well beyond the proof-of-concept stage. With over $27 billion in tokenised value on-chain and the world's largest financial institutions deploying real capital, 2026 is the year the market stopped asking whether this works and started asking how fast it scales.

What Is Being Said, and By Whom On 2 April 2026, the International Monetary Fund published a note describing tokenisation as a fundamental reconfiguration of financial architecture, not an incremental improvement to existing systems. At Davos in January, BlackRock's Larry Fink told the World Economic Forum that tokenisation is necessary and that markets need to move rapidly. In a survey published in March by Funds Europe and CACEIS, more than 60 per cent of asset managers sa

The Old Infrastructure Is Building the New One. That Is the Point. Two pieces of market structure news from the same week, neither individually dramatic, together illustrate something important about how tokenisation actually enters the financial mainstream. What Happened On 31 March 2026, DTCC launched a new business line, DTCC Digital Asset Solutions, with a mandate to tokenise assets currently held in custody by its depository arm, DTC. On the same day, Apex Group anno

The most consistent objection from traditional banks to adopting stablecoin infrastructure has been this: "We don't want to hold crypto." On April 8, 2026, Circle answered that objection directly. Circle Payments Network (CPN) Managed Payments is a full-stack stablecoin settlement platform that allows banks, payment service providers (PSPs), and fintechs to settle transactions in USDC — without ever holding or managing digital assets themselves. Circle handles the entire d

Lloyds, Barclays, HSBC, NatWest, Nationwide, Santander, and Monzo are all involved in building tokenised banking infrastructure. This is not a crypto experiment. It is the financial system founders already use, being upgraded from the inside. When most founders hear the word tokenisation, they think of raising money. A token that represents shares in their company, issued through a regulated platform, distributed to investors. That is one part of the tokenisation story, and i

UK Investors Left Out as Fundrise and Kraken Launch Onchain VCX Fund for Global Access. The tokenisation of venture capital funds is reshaping how investors access private markets. Recently, Fundrise and Kraken’s xStocks platform introduced an onchain version of the Fundrise Innovation Fund (NYSE: VCX), enabling global investors to trade a token representing shares in this venture capital vehicle. This development marks a significant milestone in the integration of traditiona

The financial services industry has seen a rapid shift in technology adoption over the past few years. After moving from experimenting with artificial intelligence (AI) to deploying it at scale, many firms are now turning their attention to tokenisation. New research from Broadridge highlights this trend, showing that tokenisation is poised to become the next major infrastructure change in finance. But is this bet on tokenisation justified? This post explores the findings of