Who are the leaders in tokenization?

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The leaders in tokenization include platforms like Securitize, Ondo Finance, Tokeny, and major institutions such as J.P. Morgan, Nasdaq, and BlackRock, which dominate real-world asset tokenization, covering markets from U.S. Treasuries and private credit to real estate and tokenized funds. Other leaders in the space include BlackRock, JPMorgan Chase, and Visa, which are involved in tokenized funds, blockchain initiatives, and payment tokenization. The landscape is rapidly evolving, with large traditional fintechs and banks expanding tokenization capabilities, often through partnerships with specialized tokenization platforms and infrastructure providers.