According to data from Token Terminal, over $6 billion worth of tokenized assets now live on the Ethereum blockchain, demonstrating real DeFi liquidity.
Tokenization Leaders on Ethereum
BlackRock holds the largest share of tokenized assets on Ethereum, followed by Franklin Templeton, WisdomTree, Superstate, Apollo, and Ondo Finance. These six players account for the bulk of the $6 billion figure, indicating Ethereum's serious position as financial infrastructure.
Institutional Tokenization: From Start to Surge
Adoption of tokenization started slowly in mid-2023 and surged in early 2025. January marked a significant period for token issuance largely driven by BlackRock and Franklin Templeton. Key factors for this success include settlement speed, cost savings, and transaction transparency.
Challenges and the Future of Ethereum
Despite the growing institutional interest, Ethereum faces challenges such as scaling issues, high fees, and regulatory uncertainty. If fees rise again, companies might turn to private chains or competing blockchains like Solana and Avalanche. Additionally, regulatory clarity remains a crucial factor affecting the adoption of tokenized funds.
The $6 billion milestone clearly signifies that asset tokenization on Ethereum is no longer experimental. If Ethereum can address scalability and regulatory issues, we may see emerging fund types and asset management models.
