Building the future of tokenized markets

Key insights from a recent executive forum on the next phase of tokenization

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Broadridge and the Financial Times recently convened leaders from across the financial ecosystem at “Accelerating Institutional Adoption of Tokenized Assets" to discuss the next phase of tokenized asset adoption.

A common theme was the need to build the infrastructure, governance, and market ecosystem required to support adoption at scale.

Insight 1: We are still in the early innings.

The conversation is shifting from proving the technology to identifying where it can deliver measurable value – and preparing markets, infrastructure, and operating models for broader adoption.

Tim Gokey (Broadridge) explains why the future of tokenization extends beyond individual assets to the development of trusted, scalable tokenized markets.

Samara Cohen (BlackRock) explores how collateral mobility is emerging as a compelling use case for tokenization, and why implementation remains one of the biggest challenges. 

Insight 2: Scaling tokenization requires a minimum viable ecosystem. 

Technology alone will not drive adoption. Scaling tokenization will require the right combination of market infrastructure, liquidity, governance, service providers, and participants working together. Success depends on building an ecosystem that can support adoption at scale.

Cynthia Lo Bessette (Fidelity Investments) outlines why successful adoption will require a minimum viable ecosystem that delivers meaningful value for investors and firms.

Insight 3: Demand will determine where adoption scales first. 

The most successful use cases will address real market challenges. Speakers highlighted collateral mobility, liquidity, and operational efficiency as  areas where demand is already emerging. Long-term adoption will depend on delivering meaningful benefits to investors and institutions.

Sandy Kaul (Franklin Templeton) explains why the “liquidity layer” may be the critical foundation for scaling tokenized markets.

Insight 4: The foreseeable future is likely to be hybrid.

Tokenized markets are not expected to replace traditional ones. The opportunity lies in linking trusted market infrastructure with new digital rails while preserving the governance, compliance, and investor protections that markets depend on.

Matt Savarese (Nasdaq Digital Assets) discusses how tokenization can unlock new efficiencies while preserving the trust, governance, and protections underpinning today’s markets.

Mark Greenberg (Payward) reinforces the importance of regulatory collaboration and adapting market structures, while protecting investors.

Mark Greenberg (Payward) reinforces the importance of regulatory collaboration and adapting market structures, while protecting investors.

Germán Soto Sanchez (Broadridge) discusses why trusted market infrastructure will be essential to scaling tokenized markets.

Looking ahead

The success of financial markets has always been built on a combination of innovation and trust. While tokenization represents a new wave of innovation, long-term adoption will depend on preserving the trust, resilience, and protections that underpin today’s markets.

Tim Gokey shares his perspective on how the industry can build the next generation of market infrastructure.

Our end-to-end approach to tokenization

Explore Broadridge’s latest thinking, research, and solutions shaping the future of tokenized markets and digital asset infrastructure

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