The tokenized asset market is projected to surpass $400 billion by the end of 2026, driven by increased mainstream adoption and the involvement of major financial institutions like BlackRock and JPMorgan. The market, which reached nearly $20 billion by the end of 2025, is set to expand significantly as stablecoins and tokenized assets become integral to digital capital markets. Industry leaders highlight the need for legal clarity, interoperability, and shared identity frameworks to support this growth. Emerging markets are expected to lead the way, with local issuers leveraging blockchain to offer global investors access to new capital markets. Tokenized equities and ETFs are gaining traction, with major trading platforms offering token versions of popular stocks. Additionally, tokenized gold is emerging as a key asset class, poised to become a standard for onchain finance.