Tokenized Finance Rails
Alex Pliskin@amplisk
−2.2%
since Oct 9
The idea
I believe real-world assets like funds, Treasuries, loans and stocks keep moving onto blockchains, and I want to own the toll roads, not guess which asset wins. The portfolio splits across settlement chains and oracles, tokenization platforms, crypto market rails, and incumbents already issuing onchain, with no single name dominating. I keep some cash on hand since these names move hard. If adoption stalls or issuance shifts back off-chain, that is my signal to rethink it.
What it owns
- These companies make most of their money turning traditional assets into tokens, so they're the purest version of the idea. · Securitize Corp.It powers tokenization for major funds like BlackRock's BUIDL, making it the purest bet on institutional adoption of onchain asset issuance., Figure Technology Solutions, Inc.It issues and trades loans on its own blockchain, bringing onchain lending into the same infrastructure as tokenized funds and stocks., Galaxy Digital Inc.It issues tokenized shares and runs trading for institutions moving into crypto, earning fees as traditional assets get wrapped as tokens.31%
- Exchanges and stablecoin issuers are where tokenized assets get bought, sold and settled. · Coinbase Global, Inc.It operates a major on-ramp for buying and holding tokenized assets, plus its own Base chain and a stake in stablecoin revenue., Robinhood Markets, Inc.It sells tokenized stocks to customers outside the US, bringing retail participation to onchain stock trading., Circle Internet Group, Inc.It issues USDC, the digital dollar that tokenized funds and onchain trades settle in, so growth in tokenized assets drives demand for its stablecoin.28%
- Big asset managers, custodians and market operators are already issuing tokenized funds, and they bring the volume. · BlackRock, Inc.It sponsors BUIDL, the largest tokenized Treasury fund, demonstrating that the biggest traditional asset managers are actually issuing onchain., Broadridge Financial Solutions, Inc.It runs a blockchain repo platform where banks settle short-term Treasury-backed loans in daily use with significant volumes., Nasdaq, Inc.It is working to let tokenized securities trade on its mainstream exchange, bringing tokenized stocks onto established market infrastructure.22%
- Cash19%