According to Amber Group, Managing Partner Yi Bao told CVC Summit SG that tokenized finance will be the new norm within five years, emphasizing secure bridges between institutional finance and crypto, source: Amber Group official X post dated Nov 24, 2025. This view aligns with live institutional tokenization programs, including BlackRock’s BUIDL fund launched on Ethereum in March 2024, source: BlackRock press release March 2024. Tokenized U.S. Treasuries outstanding exceeded 1 billion dollars in 2024, signaling growing demand for on-chain fixed income, source: RWA.xyz 2024 dashboard. JPMorgan’s Onyx Tokenized Collateral Network executed its first live collateral settlement in 2023 using tokenized money market fund shares between BlackRock and Barclays, source: JPMorgan announcement November 2023. Franklin Templeton operates a U.S.-registered on-chain money market fund with tokenized shares on Stellar and Polygon, expanding institutional-grade settlement options, source: Franklin Templeton updates 2023–2024. Singapore’s regulator advanced Project Guardian pilots with global banks in 2023, underscoring policy support for institutional tokenization in the region, source: Monetary Authority of Singapore press releases 2023. For traders, the most direct exposure themes are RWA infrastructure, tokenized Treasuries and MMFs, and base-chain activity on Ethereum (ETH) and select L2s where these deployments operate, source: BlackRock press release March 2024; Franklin Templeton updates 2023–2024; JPMorgan announcement November 2023. Liquidity and activity tend to cluster around these institutional rails as tokenization scales, making sector flows and ETH on-chain metrics timely to monitor, source: BIS 2023 tokenization analysis.

According to the source, a former TD Ameritrade Chair stated that all assets will be tokenized within five years, highlighting the accelerating real‑world asset adoption trend relevant to crypto markets (source: Oct 15, 2025 public social media post). RWA traction is visible on major chains: BlackRock launched the BUIDL tokenized U.S. dollar fund on Ethereum in March 2024, signaling institutional tokenization activity on ETH (source: BlackRock press release, March 2024). Franklin Templeton operates the Franklin OnChain U.S. Government Money Fund via the BENJI token on Stellar and Polygon, extending tokenized money market access across public chains (source: Franklin Templeton product documentation, 2023–2024). JPMorgan’s Onyx has executed tokenized collateral and intraday repo transactions using JPM Coin, demonstrating tokenized settlement in traditional finance workflows (source: JPMorgan announcements, 2023). Regulators are piloting tokenization at scale through MAS Project Guardian, which includes tokenized funds, FX, and collateral with global banks (source: Monetary Authority of Singapore updates, 2023–2024). For trading, these deployments concentrate RWA flows on Ethereum and EVM ecosystems, making ETH a key asset to monitor for fee dynamics and liquidity, while AUM and wallet growth in BUIDL and BENJI serve as on-chain leading indicators of RWA demand (source: BlackRock and Franklin Templeton public updates, 2024).

According to the source, QNB Group has adopted JPMorgan’s blockchain platform to process U.S. dollar payments 24/7 in minutes via the Kinexys Digital Payments system, source: the source. JPMorgan states its Onyx Coin Systems (JPM Coin) enables round-the-clock wholesale USD transfers on a permissioned ledger separate from public cryptocurrencies, source: JPMorgan Onyx. QNB Group ranks among the largest banks in the Middle East by assets, indicating meaningful potential volumes for cross-border settlement migration, source: QNB Group corporate profile. Because JPM Coin is a closed, bank-grade deposit token, there is no direct on-chain demand link to BTC or ETH spot markets, though the narrative supports institutional blockchain adoption and tokenized deposits, source: JPMorgan Onyx; BIS CPMI analysis on wholesale DLT. Traders should watch payment and RWA narratives for sentiment and liquidity shifts and monitor USD funding spreads during MENA hours, as bank blockchain rails can compress settlement times without touching public chains, source: BIS CPMI wholesale payments research; JPMorgan Onyx.