The Tokenization Stack

BlackRock

DTCC

Franklin Templeton

JPMorgan

Grayscale

Nasdaq

ICE / NYSE

Citadel Securities

Computershare

SoFi

BNY Mellon

Apollo

PayPal

Hamilton Lane

Fidelity Investments

State Street

VanEck

WisdomTree

Mastercard

Bitwise

Janus Henderson

Invesco

Goldman Sachs

UBS

Société Générale

Deutsche Börse Group

Standard Chartered

Western Union

Amundi

Morgan Stanley

Citigroup

Clearstream

Fidelity International

HSBC

Equiniti

MoneyGram

KKR

Forward Industries

Cboe

Wells Fargo

Etherealize

Deutsche Bank

BNP Paribas

Schroders

The biggest asset managers are already onchain. That part happened. The more interesting question is who's actually deploying capital vs. who launched a pilot, put out a press release, and went quiet.