Wall Street is abuzz about ‘tokenized assets’—but most activity is limited to a nascent ‘wrapper’ phase, report finds | Fortune
A Pantera report said 78% of tokenized assets don’t capture the full potential of blockchain
➤ A Pantera report indicates that 78% of tokenized assets are currently in a 'wrapper' phase, representing off-chain assets rather than fully on-chain native instruments. ➤ Despite enthusiasm from major financial institutions, most tokenization efforts are creating blockchain representations of traditional assets like Treasury bills without fully leveraging blockchain's potential for programmability and integration. ➤ The report highlights a need for regulatory clarity, such as the proposed CLARITY Act, to encourage more ambitious, natively on-chain tokenization and unlock greater benefits.