Amundi Asset Management has prepared a detailed 158-page analytical report focused on the tokenization of real-world assets (RWA). The document reviews the current market state, key technological solutions, and practical use cases of distributed ledger technologies in fund management and financial infrastructure. The report also lists specific projects and blockchain platforms, reflecting institutional players' interest in building an ecosystem for RWA.
Overview of the Amundi Asset Management Report
The report outlines the scope and content of the research, based on an analysis of technological and operational approaches to asset tokenization. Amundi, managing approximately €2 trillion in assets, emphasizes practical implementation scenarios and the choice between public and permissioned networks. For a more detailed discussion of market implications, see the tokenized funds market, which contains related insights.
Key Projects and Technologies
The report mentions both applied projects and infrastructure platforms. Among them are Securitize, Ondo Finance, OpenTrade, Centrifuge, and Spiko, as well as blockchain platforms Ethereum, Solana, Polygon, and Canton Network. This list demonstrates a combination of approaches—from token issuance and management services to the distributed ledgers themselves.
Tokenization Use Cases
- Operational processes
- Portfolio management
- Distribution
The first category relates to automating corporate actions, compliance, and reporting, as well as accelerating clearing and settlement. These processes aim to reduce manual operations and increase transparency while maintaining required controls. The second category—portfolio management—includes capabilities for dynamic fund structures, real-time NAV calculation, and using tokens as transactional collateral, transforming back-office operations and risk management.
The third category—distribution—highlights benefits such as fractional ownership, access to illiquid assets, increased trading frequency, and 24/7 asset transferability. The authors also emphasize global investor access, which theoretically broadens the audience but requires developed infrastructure and clear regulatory frameworks.
Barriers to Mass Adoption
Amundi identifies several key limitations hindering the scaling of tokenized funds. These include infrastructure gaps, limited secondary market liquidity, regulatory uncertainty, and insufficient business incentives for asset managers. Together, these factors create obstacles for solutions to move from pilot projects to widespread implementation.
The report also discusses technological choices: managers must decide between native and non-native tokenization, as well as between private and public blockchains, based on regulatory and operational requirements. This choice affects compatibility, control, and integration capabilities with existing infrastructure, including market clearing and settlement systems.
Why This Matters
If you mine with a single device or operate a farm of up to 1000 machines in Russia, the direct impact of this report on your mining is minimal, as the document focuses on financial asset tokenization, not mining. However, RWA development may change investment structures and liquidity in financial markets, indirectly influencing institutional investors' interest in crypto assets. Understanding technological and regulatory barriers helps assess which ecosystem directions are advancing and where new services are emerging.
What to Do?
- Monitor regulatory changes and statements from domestic and international regulators to understand how rules will apply to tokenized products.
- Track projects and platforms mentioned in the report (e.g., Securitize and Centrifuge) to evaluate potential services for token listing and trading.
- Assess risk and liquidity: avoid making operational changes to equipment without clear necessity based on possible market shifts.
- Maintain contact with service providers and exchanges integrating tools for working with tokenized funds to adapt quickly if needed.
Frequently Asked Questions
What exactly does the Amundi report describe?
The report is a 158-page analytical document examining the current state of the real-world asset tokenization market, key technological solutions, and practical use cases of distributed ledgers in fund management and financial infrastructure.
Which projects and blockchains are mentioned in the document?
The text lists projects such as Securitize, Ondo Finance, OpenTrade, Centrifuge, Spiko, as well as platforms Ethereum, Solana, Polygon, and Canton Network, illustrating a mix of applied and infrastructure solutions.
What are the main obstacles to scaling tokenized funds?
The authors highlight infrastructure gaps, limited secondary market liquidity, regulatory uncertainty, and lack of business incentives for asset managers as primary barriers to mass adoption.