2024 has seen a flurry of activity in the nascent tokenisation sector with private markets serving as the testing ground.
While private markets are a $10 trillion asset class, it is still rife with manual processes and inefficiency and have therefore emerged as the most suitable part of the funds industry for tokenisation pilots.
In January, Laser Digital, the digital assets arm of Nomura, launched the tokenisation platform Libre along with fintech WebN and blockchain vendor Polygon Technology.
One of the private markets investors linked to the platform is Hamilton Lane, which has also participated in another blockchain project that was announced in April and involves investor services firm Apex Group and Swiss digital assets firm Sygnum Bank.
Another example of tokenisation in the private markets was announced in February and involves Citi as the asset servicer along with Wellington Management and Wisdom Tree.
“Blockchain-enabled finance is the future of the industry, and this proof of concept showcases the ability to explore the transferability of tokenised funds and related compliance in different markets,” said Maredith Hannon Sapp, head of business development, digital assets, at WisdomTree.
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