Tokenisation is quickly shifting from concept to follow throughout the monetary providers business, with custodians main the cost in providing digital property. New findings from the 2025 Broadridge Tokenization Survey reveal that almost two-thirds (63%) of custodians are already providing tokenised property, with a further 30% planning to take action throughout the subsequent two years.
The report, primarily based on a survey of 300 monetary establishments throughout North America and Europe, underscores how tokenisation is poised to reshape capital markets by enhancing effectivity and democratising entry for buyers. Whereas custodians have set the tempo, wealth managers, against this, have been slower to adapt.
Custodians set the tempo, wealth managers Lag
The information exhibits a definite divergence within the price of tokenisation adoption throughout completely different segments of the monetary ecosystem. Custodians are extremely motivated, with 91% citing enhancements in effectivity, safety, and innovation by providing tokenised property.
Asset managers are accelerating their price of adoption: whereas solely 15% at the moment supply tokenised merchandise, 41% plan to launch them quickly. For asset managers, tokenisation gives a basis for staying related with a shopper base more and more all in favour of digital property.
Wealth managers have taken a extra cautious strategy, with solely 10% at the moment providing tokenised property and 33% planning to undertake them within the subsequent two years. The first drivers for this cautious stance are operational complexity and the potential for disintermediation from direct-to-investor fashions. Nonetheless, the report notes that current exercise amongst a number of companies associated to tokenised equities suggests perceptions within the wealth administration sector could also be altering.
Germán Soto Sanchez, chief product and technique officer at Broadridge, stated that establishments that decide to trusted shopper experiences, sturdy governance, and scalable infrastructure for tokenisation can lead a metamorphosis that can redefine international markets for the subsequent technology of buyers.
Regulatory uncertainty stays the largest barrier
Regardless of the clear advantages—together with improved transparency and information monitoring, better liquidity and accessibility, and decrease prices—the bulk (73%) of establishments surveyed cited regulatory uncertainty as the largest problem for tokenisation adoption. Issues over safety, infrastructure gaps, and a scarcity of widespread requirements additionally affect adoption plans.
The findings spotlight a widening hole between early adopters and non-adopters: these main the cost report a mean of 4 to 5 tangible advantages from tokenisation, whereas these ready report fewer than three perceived positives. This underscores the measurable advantages already accruing to early movers.
Broadridge, the report’s writer, is rising as an early chief in supporting this shift, with its Distributed Ledger Repo (DLR) resolution reporting day by day processed commerce volumes averaging $339billion in September. The DLR is famous as the most important institutional platform for the settlement of tokenised actual property.
Scaling tokenisation would require widespread requirements, regulatory readability, and strong expertise companions, but additionally a vital cultural change as establishments shift tokenisation from a facet challenge to a core technique. The report concludes that the distinction between a profitable pilot and scaled adoption lies within the skill to ship tokenised merchandise reliably and at quantity throughout all asset lessons.
