Wall Street’s Tokenization Drive Accelerates as Major Institutions Build On-Chain
New York’s financial giants are shifting from theoretical blockchain discussions to tangible implementations. At Aptos Experience 2025, BlackRock, Franklin Templeton, Galaxy, and Pact Labs highlighted the rapid progression of real-world asset (RWA) tokenization from pilot phases to full-scale financial applications.
Alexander Rafael of Pact Labs revealed $1.8 billion in credit assets tokenized over nine months, emphasizing cost efficiency through direct borrower-lender connections. Galaxy’s Thomas Cowan underscored the transformative potential of on-chain structured debt, citing instant settlement and enhanced liquidity.
Franklin Templeton’s Ric Golubov drew parallels between tokenization and the ETF revolution, framing it as the next frontier in capital markets accessibility. The panel consensus: blockchain infrastructure is now a Core pillar of institutional finance.
