On Wednesday, DTCC completed its first live production transactions involving tokenized securities, marking a major step toward introducing blockchain technology to traditional financial markets.
Broadridge’s findings suggest that these efforts are influencing the entire industry. Sixty-eight percent of respondents said tokenization will at least partially reshape financial markets over the next three to five years, while nearly a third plan to increase investments in tokenization projects by 26 to 50 percent or more over the next two years.
The survey also reveals that companies are not preparing for a fully on-chain future. Instead, 92% expect digital and traditional assets to coexist for the foreseeable future, and 69% plan to integrate tokenization into existing infrastructure rather than building separate blockchain-native systems.
This reflects the approach taken by many large financial institutions, which have generally focused on connecting blockchain networks to existing trading, custody and settlement systems rather than replacing them.
Adoption remains uneven across the industry. Forty-four percent of capital markets firms reported having already implemented tokenization initiatives in production or operation at scale, compared to 20% of asset managers and 9% of wealth managers.
The survey also highlighted areas where businesses expect tokenization to gain traction first. Around 80% of respondents believe tokenized mutual funds and money market funds will play a significant role within five years, reflecting the rapid growth of tokenized cash products. In comparison, only about half expect tokenized stocks to see similar adoption during this period.
