Tokenisation isn’t just gaining traction, it’s accelerating faster than almost any other financial innovation in the past decade. The Real-World Asset tokenisation market, which comprises assets like real estate, commodities and art, has surged to around $24 billion this year. That’s almost 400% growth in just three years.
The growth of the tokenisation market has been driven by a combination of factors: maturing blockchain infrastructure, increasing regulatory clarity and rising demand for high-quality, yield-bearing assets. Assets that combine transparency, speed and fractionalisation.
At its core, tokenisation converts assets into digital tokens that are recorded on secure blockchain networks. By digitising ownership, tokenisation removes layers of manual processing, reconciliations, and intermediaries that slow down conventional transactions. Creating a single, authoritative source of truth for asset data reduces errors and makes real-time reporting and valuation possible.
This shift is beginning to unlock new levels of efficiency, transparency and liquidity in a way that’s been harder to achieve in traditional markets, largely because of legacy infrastructure, manual processes and limited fractionalisation. In 2026 and beyond, tokenised assets have the potential to reshape capital flows, how risk is priced and how investors can access opportunities.
Mainstream adoption
Big name asset managers are leaning in. They are launching tokenised funds and putting real balance-sheet capital behind this new infrastructure. BlackRock has claimed we’re at the beginning of the tokenisation of all assets. The projections back it up, with Ripple and BCG forecasts pointing to trillion-dollar growth of this market by 2033.
It’s not just BlackRock; JPMorgan has already executed collateral settlements, Franklin Templeton runs blockchain-native money market funds and UBS has issued tokenised money-market instruments.
What we’re seeing right now isn’t just fringe crypto players testing the waters; some of the most established institutions in global finance are actively operating in this market. The fact that such players are taking concrete steps into tokenised finance signals a major shift from what was once a niche, experimental sector to a mainstream investment vehicle.
Regulatory momentum
Regulators are taking the move to tokenised finance seriously too. The FCA, which oversees financial markets in the UK, is developing the framework to support tokenised markets. And in Europe the story is the same: the EU’s DLT Pilot Regime is enabling organisations within the regulated space to test blockchain-based trading and settlement infrastructures.
This is welcome news, not least because across tokenised RWAs right now, liquidity is limited by various structural and regulatory factors. Many tokens are subject to restrictions, accreditation rules and jurisdictional limits which limit the pool of eligible participants.
Trading venues also lack maturity as they are fragmented and there are few centralised exchanges to aggregate liquidity or support robust pricing discovery. Custodial dependencies and opaque caution practices complicate secondary trading too, which leaves investors uncertain about the value of their assets.
Why mortgages are ripe for disruption
Among all major asset classes, mortgages stand out as particularly ripe for disruption. The mortgage market, where MQube mainly operates, is massive and historically one of the least liquid corners of financial services. Loans sit on balance sheets for years, they’re hard to trade, slow to move, expensive to fund and the ongoing administration of the loans is siloed in legacy systems that can’t easily talk to each other.
Today’s mortgage market is stuck
With the right regulatory framework, mortgage tokenisation has the potential to allow secondary mortgage loan transfers via the blockchain on an infrastructure that provides fast liquidity and dynamic pricing based on real-time performance. For the future lender, that means better balance sheet management, and for investors it means the democratisation of an asset class.
We’re beginning to make the first steps towards that future. Our focus is on developing a unified, scalable architecture that will enable regulated lenders, capital providers, servicers, and borrowers to interact on-chain while ensuring compliance. The work we’re undertaking demonstrates the potential for tokenisation to support real-world, regulated assets and paves the way for future applications in live, regulated environments.
The potential for this infrastructure is huge. Lenders will be able to offer dynamic product terms, automate rate switches, embed new servicing logic without relying on legacy infrastructure and enable their borrowers to repay their loans in stablecoin. It’s a rewiring of the mortgage ecosystem and a win both for lenders and consumer choice.
