Tokenized assets have reached a valuation of $30 billion as financial institutions increasingly adopt programmable finance, according to Evernorth. The firm emphasizes the growing demand for tokenized assets in collateral, lending, and staking applications, highlighting their role in reshaping liquidity across both digital and traditional financial systems. This transition allows for more efficient capital deployment without traditional intermediaries. Evernorth notes that tokenized assets can serve as collateral and generate yield across decentralized platforms, supporting stablecoin lending and automated market makers. This flexibility enhances efficiency and reduces settlement delays, although risks related to smart contracts persist. Institutional interest is strong, with a survey by Nomura and Laser Digital indicating significant interest in tokenized finance strategies among Japanese institutions, particularly in staking and lending opportunities.