The world of tokenization is rapidly evolving, with major players like BlackRock, Franklin Templeton, and Fidelity Investments launching blockchain-based products. This shift is not just about new technology, but about how it fits into existing portfolios and enables new opportunities.

As advisors, it's essential to understand the compliance architecture and institutional movement driving this change. In this article, we explore the current state of tokenization, the challenges of compliance, and the emergence of institutional capital in on-chain markets.

We also examine how tokenized assets are being used in lending markets, and how credit risk is becoming more explicit. With the help of experts like Marcin Kazmierczak and Kieran Mitha, we delve into the key issues and risks surrounding tokenized assets, and what the future holds for this rapidly evolving space.