Grayscale Research, the analytics arm of the asset management and investment fund firm, predicted in its research study that asset tokenization could become one of the most important structural changes to global capital markets. This will be achieved by gradually migrating traditional means to a virtual currency network, which could contain over $300 trillion in assets.
From a network perspective, this report reveals: Two great competitive approaches within this new ecosystem. On the other hand, public networks such as Ethereum, Solana, BNB Chain, They are characterized by high levels of liquidity, permissionless access, and an extensive ecosystem of applications. On the other hand, appear organizational networks such as cantons;is designed to integrate privacy and regulatory compliance as core elements and ease its adoption into traditional financial structures. In this context, Avalanche now available as a hybrid model It combines elements of both worlds. And finally, add Chainlink, which competes not as a broadcast network, but as a cross-cutting infrastructure.
The report also highlights the role of institutional networks such as cantonal universities.. According to the data in RWA.xyz: The network controls 93.8% of the total amount of tokenized assets On-chain. It also holds over $390 billion of tokenized assets. In the case of Grayscale, cantons may concentrate a significant portion of the market in the short term due to their alignment with traditional financial structures and emphasis on privacy by design.
then it will be found Ethereumwhich accounts for over 54% of RWA’s decentralized market share and hosts approximately $16 billion in tokenized assets and approximately $50 billion in total locked in decentralized finance (DeFi). However, its leadership is not exclusive, as the growth of other networks introduces more diverse competitive dynamics, but all have a long-term outlook.
Solana, on the other hand, competes on the basis of operational efficiency. High processing power of over 1,000 transactions per second and low cost make it a particularly attractive alternative for high-frequency use cases, such as retail trading of tokenized assets. The network has an asset value of over $2 billionas explained by CriptoNoticias. And finally, he mentioned the name of BNB Chain. BNB Chain enjoys a unique combination of privilege and connectivity to the underlying open networks in its distribution via Binance and Avalanche.
For grayscale, Chainlink plays a different strategic role. Rather than competing as an issuing network, it acts as a critical connectivity infrastructure, serving as an oracle layer that enables external data integration, process automation, and connectivity of various networks throughout the lifecycle of a tokenized asset.
For Grayscale, the market for tokenized assets remains relatively small, with a value of nearly $30 billion, which is just a small portion of the global financial system. nevertheless, Expansion in this sector is accelerating, with year-over-year growth rates of over 200%.This is primarily driven by the tokenization of US government debt, which accounts for almost half of the market, followed by raw materials, private credit, funds, and other financial instruments.
Beyond its current scale, Grayscale emphasizes that the real impact of tokenization lies in transforming financial infrastructure. Key changes include near-instant settlement of operations, 24/7 market availability, reduced role of intermediaries, and incorporation of greater programmability through smart contracts.
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