Real-World Asset Tokenization: Capital Formation Takes Priority Over Liquidity, Survey Finds
A survey by Brickken shows a clear trend among real-world asset issuers. Issuers now focus on raising capital more than on quick liquidity. This change marks how blockchain brings old assets to a new stage. The world of decentralized finance grows.
Capital Formation vs. Liquidity: What Drives Tokenization?
Brickken’s fourth-quarter 2025 survey shows that 53.8% of participants point to capital formation and fundraising as the main reasons to tokenize assets. Only 15.4% name liquidity as their top concern, while 38.4% see no need for liquidity now. Almost half of those surveyed (46.2%) expect liquidity to rise in six to twelve months.
Jordi Esturi, Brickken’s chief marketing officer, said the shift means the market now tries to fix key issues. Issuers work to get better access to funds, reach more investors, and ease work steps.
Bridging Traditional Finance and Decentralized Finance
The report shows that tokenization can link traditional finance with the crypto world. Patrick Hennes from DZ PRIVATBANK explained that the link rests on strong issuance systems. These systems turn rules and investor safeguards into code on the blockchain to support safe and compliant asset creation.
Esturi said the main work happens when assets are first issued. In this stage, well-made and rule-safe assets get ready for the market. Without a firm start, trading platforms have little support for liquidity.
Exchanges Evolving Amidst Regulatory Caution
Major U.S. stock exchanges like CME, NYSE, and Nasdaq plan to allow trading around the clock for tokenized securities and crypto. CME aims to start 24/7 trading by May 2026, while NYSE and Nasdaq follow similar plans.
Many asset issuers, however, choose a careful path. They first meet regulatory checks and issue safe tokens before pushing for fast liquidity. Esturi noted that longer trading hours serve exchanges that look for more trades and income rather than an urgent need from issuers.
Regulatory Challenges Shape Tokenization Pace
Rules still slow down progress. Brickken’s survey found that 84.6% of participants felt delays because of regulations. More than half (53.8%) pointed to rules as a main cause of slow work, while only 13% saw tech or development as the main problem.
Alvaro Garrido from Legal Node explained that rule checks start with each tokenization project. Issuers look for legal plans that fit both the asset’s tech side and local rules.
Expanding Beyond Real Estate
Though real estate was one of the first tokenized assets, it now makes up only 10.7% of projects. Equities lead with 28.6%, followed by intellectual property and entertainment at 17.9%. Other areas include technology platforms (31.6%), private credit (15.8%), renewable energy, banking, carbon credits, aerospace, and hospitality.
This mix shows that many fields now seek new ways to raise funds and draw more investors.
Looking Ahead: Optional Versus Mandatory Liquidity
The survey brings a clear view of liquidity needs. Esturi set apart "optional" liquidity from "mandatory" liquidity. Many private issuers plan for the long term where fast cash is less urgent. He said that as issuing numbers and institutional use rise, liquidity will grow on its own.
Ian de Bode, chief strategy officer at Ondo, said stocks and ETFs show steady price moves and natural liquidity. With more than $2 billion in assets under management, his firm finds that keeping markets open around the clock helps fix current limits.
Conclusion
Brickken’s report shows changing goals and challenges in real-world asset tokenization. While exchanges work on full-time digital asset trading, many issuers keep their focus on safe and compliant asset creation. The mix of rules, tech, and market trends will shape how blockchain moves old assets into the new age.
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📝 About This Article
This article was generated by Hivebox AI in collaboration with nGRND.
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