Tokenization
Institutional adoption from firms like Franklin Templeton and SkyBridge Capital fuels the tokenization of assets, from credit to mutual funds.
September 5, 2025
Companies mentioned:
The market for real-world assets (RWAs) on the Avalanche network has experienced significant growth, with its total market capitalization increasing by 58% in the last 30 days. This surge is largely driven by a series of high-profile institutional deployments bridging traditional finance (TradFi) with decentralized finance (DeFi).
Leading the charge, investment firm SkyBridge Capital is tokenizing $300 million in assets on Avalanche, utilizing services from Tokeny and Apex. This move highlights a growing trend of established financial players leveraging blockchain for asset management. Similarly, a partnership between Grove Finance, Centrifuge, and Janus Henderson is set to bring over $250 million in institutional credit onto the Avalanche network.
Further validating the trend, Franklin Templeton, an asset manager with $1.6 trillion AUM, launched its tokenized money market fund, BENJI, on Avalanche. This marks the first instance of a U.S.-registered mutual fund operating entirely on a public blockchain. Beyond finance, the application of RWA tokenization is expanding, as seen with Blockticity launching an Avalanche-powered platform to authenticate $1.2 billion in global trade assets.
These developments indicate a significant shift as institutions move beyond experimentation and begin to launch tokenized assets at scale. The growth mirrors the early success of stablecoins, which have achieved a $260 billion market cap, demonstrating the potential for tokenization to unlock global access and liquidity for a wide range of real-world assets.
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