According to TechFlow news on May 5, International Business Times reported that Marcin Kazmierczak, co-founder of cross-chain data oracle provider RedStone, stated that large institutions are advancing tokenization from pilot projects to the infrastructure stage.
BlackRock recently partnered with BNY Mellon to tokenize its 150 billion USD Treasury trust fund, while Franklin Templeton upgraded its 380 million USD tokenized money market fund in mid-2024 to support peer-to-peer token transfers.
BlackRock's BUIDL (BlackRock USD Institutional Digital Liquidity Fund) was established less than a year ago and is approaching a market value of 3 billion USD. Kazmierczak expects tokenization to go through phases of institutional exploration, standardization, and infrastructure development, with mainstream adoption beginning in 2026-2027. By 2030, all major financial institutions will offer tokenized products.