Tokenization Is Finance’s Next ETF Moment, And Wall Street Isn’t Ready
In 1993, the first exchange-traded fund launched to widespread skepticism. Today, ETFs dominate global markets with $17 trillion in assets. The next revolution—tokenization of real-world assets on blockchain—is already underway.
Asset managers like Janus Henderson are pioneering on-chain Treasury funds, with one product reaching $400 million in months. Tokenization transforms traditional instruments into programmable, instantly transferable assets—moving a Treasury bond as easily as sending email.
This shift threatens to disrupt legacy intermediaries just as ETFs once did. Early adopters gain competitive edges in liquidity and efficiency, while laggards risk obsolescence. The infrastructure race is on.