Asia doubles down on tokenization, challenges Western dominance
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Homepage > News > Finance > Asia doubles down on tokenization, challenges Western dominance Tokenization is set to unlock over $10 trillion in value globally, as per multiple reports, and according to one expert, Asian countries are set to dominate this new frontier, drawing capital away from the West. From Singapore and the United Arab Emirates (UAE) to Japan and Hong Kong, Asia has become the runaway leader in tokenization. Some of the region’s largest companies are investing aggressively in the sector, launching new products individually and in the dozens of regional initiatives that have sprang up in recent years. Regulators are also playing their part. Some, like Japan, are expanding existing frameworks to guide token issuers while protecting investors. Others, like Hong Kong, have launched new guidelines for the sector, allowing even traditional banking stalwarts to issue new tokenized products. This embrace of tokenization is shifting capital from Western markets into Asia, says Maarten Henskens, who heads protocol growth at Startale Group, a Web3 infrastructure developer based in Singapore. Henskens says Western institutions are now setting up new operations in the Asia-Pacific region to participate in this innovative sector. One of the Western companies that has moved eastward to explore tokenization is Securitize, the American firm best known for issuing the $2.8 billion BUIDL tokenized fund by BlackRock (NASDAQ: BLK). Securitize’s subsidiary in Japan was behind the infrastructure on which BlackRock launched its fund. In fact, the fund’s name, BUIDL, belonged to a Japanese Web3 consultancy that Securitize acquired back in 2019. Beyond BlackRock’s fund, Securitize Japan has issued other products, including tokenized deposits in partnership with MUFG-backed (NASDAQ: MUFG) DeCurret. This capital shift will only gain momentum over the next decade, Henskens told one news outlet. While the private sector is leading the innovation, he believes that the…
Filed under: News - @ July 23, 2025 5:29 am