The Functional Evolution of Digital Assets: 2026 Edition

$18.9T

Projected tokenized asset market by 2033

Growing use case that tokenized money enables

From cross-border settlement, treasury and cash management, to collateral and liquidity management, tokenized money removes the friction behind these use cases that costs financial institutions billions of dollars every year.

Tokenized money has moved from the fringes of crypto to the core of institutional finance. Global stablecoin transactions are valued at trillions of dollars a year, tokenized deposits are bringing programmability inside the regulated banking system, and the addressable market for tokenized assets is projected to reach $18.9T by 2033. For banks, treasuries, and capital markets teams, the question is no longer whether to participate — it's how to do so at scale.

The Functional Evolution of Digital Assets 2026 Report examines this shift: why tokenized money is becoming foundational financial infrastructure, what it means for treasury, settlement, and capital markets operations, and why custody is the layer that makes it all work. Download the report to see how to build for the next phase of tokenized finance.