Calastone: Tokenized Fund AUM to Balloon by 58-Fold

In a matter of five years, tokenized fund assets are expected to grow by 58 times, according to a survey by Calastone.

By 2029, assets under management (AUM) within tokenized funds are projected to reach $235 billion, according to a survey by Calastone, marking a 58-fold increase compared to $4 billion in 2024.

Nearly one-third of asset managers (28 percent) plan to distribute tokenized funds by 2030, compared to 13 percent who plan to do so in 2026. Money market funds and private asset funds were the most preferred asset classes for tokenization. Of the asset managers who have already launched tokenized funds, 65 percent cite benefits over traditional models, including automation, improved liquidity and the ability to reach new investors.

APAC: Growth Market

According to the report, Asia Pacific is set to be the biggest growth market for tokenized funds. 85 percent of asset managers in the region embrace tokenization, compared to 77 percent globally. 66 percent of APAC asset managers also expect to use digital distribution platforms and exchanges to distribute their tokenized funds.

«DeFi has created a new class of platforms and investors who want to access the same trusted products that underpin traditional markets – but in a way that fits their digital-native infrastructure. Tokenisation provides the bridge, enabling asset managers to meet both needs with products that are immediately usable within the DeFi ecosystem,» said Adam Belding, chief technology officer at Calastone.

The study was based on a survey of 59 respondents, including 52 asset managers and seven Web3 or DeFi platforms.