Tokenization market reaches $332bn as major financial institutions J.P. Morgan, HSBC, and Fidelity launch onchain products.
RWA & Tokenization ·
According to a Pantera report, the tokenization market has reached $332 billion, with major financial institutions including J.P. Morgan, HSBC, and Fidelity rolling out blockchain-based products. This milestone reflects growing institutional appetite for digital asset infrastructure and onchain financial services across multiple asset classes.
Fidelity has positioned itself as a central player in this expansion, leveraging its substantial digital asset infrastructure and early-mover advantage. The firm manages roughly $14 trillion in assets across its businesses and operates through subsidiaries including Fidelity Digital Assets, established in 2018 to provide institutional custody and trading services. Its presence extends beyond traditional ETFs into tokenized money market funds and stablecoin reserve management, establishing competitive parity with other Wall Street giants in the institutional digital asset market.
The specific scale and composition of the $332 billion figure remain unclear—whether it encompasses total market capitalization, transaction volume, or assets under management across these institutions' onchain offerings. Detailed breakdown by institution and product type has not been disclosed in available reporting.