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As Asset Tokenization Grows, Technical Hurdles Remain to Be Cleared

August 21, 2026 | 6 minutes reading time | By David Weldon 

Advanced solutions address compliance, confidentiality and trust.

Much-anticipated blockchain ecosystems for institutional finance are gradually falling into place. While details and technicalities are still being worked out, William Ralston Saul has a clear vision of an end state. He calls it Investment Fund 3.0.

“Tokenization establishes a pathway by which investment managers can continue to build towards [customizable] finance tailored specifically for each client’s need,” says Saul, an entrepreneur who has been engaging with blockchain for nearly a decade and is founder and lead tutor of education platform InCrypto.

Investment managers from BlackRock on down, major banks with increasingly active digital-asset strategies, issuers and owners of all manner of real-world assets (RWAs), and financial-market infrastructure operators are, in aggregate if not entirely in concert, well along toward demonstrating that virtually anything can be tokenized and mobilized, free of the frictions of traditional transaction and settlement networks.

Citi Institute’s Tokenization 2030: Wall Street On-Chain report in June, characterizing digital money such as stablecoins and tokenized deposits as “the...

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Topics: Digital Assets, Regulation & Compliance

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