Grayscale's head of research, Zach Pandl, outlined a phased approach to tokenization at the EthCC conference in Cannes, France. He highlighted that while tokenized assets currently represent a small fraction of global capital markets, significant growth is anticipated.
Pandl noted that investors should view tokenization as a long-term roadmap rather than a single trade, with networks like Canton likely to lead initially, followed by Avalanche and Ethereum. Currently valued at $27 billion, tokenized assets make up about 0.01% of global capital markets, but projections suggest this could rise to nearly $19 trillion by 2033. Pandl emphasized that institutions are aware of the potential in stablecoins and tokenization but are still determining how to allocate capital effectively.