Tokenising TradFi: The mechanics behind moving the world’s assets on-chain

With some of the biggest names in finance, including BlackRock, Fidelity, and Franklin Templeton, leading the charge, the tokenisation of real-world assets (RWAs) has become one of the most talked-about innovations in cryptocurrency.
Behind the buzz is a growing belief that blockchain infrastructure can fundamentally reshape financial markets. BlackRock’s BUIDL fund, now the world’s largest tokenised treasury fund, surpassed $500 million in assets within months of its launch. Yet, for all its potential, the transition won’t be without complexities, particularly around legal structures and compliance.
In this report, we explore why institutions are betting on RWAs, what the early adopters are building, and the other use cases for migrating assets on-chain.

Key topics
The foundations of tokenisation
How do you transform gold and other real-world assets into tokens? We look at the mechanics and significance of this modern digital alchemy.
Case study: BUIDL
Franklin Templeton’s FOBXX and Hamilton Lane’s tokenised private equity fund were early pioneers in the tokenisation space, but BUIDL has surpassed these funds to become the largest tokenised fund globally. Here’s a look at its various moving parts.

The real-world use case for asset tokenisation
Why are the biggest investment firms in the world moving investments onto blockchains? And what does it mean for traditional finance and crypto?

Real-world asset tokenisation: Migrating the world’s assets on-chain
Maurice Crespi and Steven Sidley of SchindlersX talks to Luno about the inevitable migration of real-world assets to blockchain rails.
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This information is not intended to be nor does it constitute financial, tax, legal, investment or other advice; nor is it a call to trade.
The information is intended as general market commentary for information purposes only. Before making any decision or taking any action regarding your finances, you should consult a qualified Financial Advisor. The opinions expressed in this Crypto Report are independent commentary and do not necessarily reflect Luno’s view or receive its endorsement.



