From Newsweek · · 1m
Wall Street's Blockchain Illusion
Wall Street tokenized $350 billion on blockchain but only $31.5 billion moves.
In brief
Wall Street tokenized $350 billion on blockchain but only $31.5 billion moves. Wall Street has tokenized $350 billion in assets on blockchain, but only $31.5 billion can be traded or used outside the issuer's platform. Originally reported by Newsweek.
Blockchain's Financial Shift
Wall Street began tokenizing assets on blockchain over the past three years.
Tokenization Explained
Tokenizing creates digital tokens representing ownership, transferable instantly without intermediaries.
Current Tokenization Reality
Most tokenized assets can only be bought and sold back to their issuer, not traded externally.
ECB's Warning
The European Central Bank warned in April 2026 of low on-chain liquidity despite high issuance.
The $359 Billion Illusion
Industry reports $359 billion in assets on blockchain, but only $31.5 billion moves.
ECB's New Collateral Rule
Central banks now accept blockchain-issued bonds as collateral for loans to commercial banks.
Tokenization's Next Step
Tokenized assets can be traded, pledged, and moved without issuer control if rules are implemented.
The key point
Wall Street has tokenized $350 billion in assets on blockchain, but only $31.5 billion can be traded or used outside the issuer's platform.
