Poll of 200 North American financial institutions found 84% prioritize tokenization and 92% expect digital and traditional assets to coexist, reinforcing a hybrid-market approach tied to existing financial infrastructure.
Wall Street firms are accelerating tokenization efforts while positioning for hybrid markets in which digital and traditional assets coexist, according to a Broadridge survey of 200 North American financial institutions reported by CoinDesk. The poll found 84% see tokenization as a priority and 68% expect it to reshape financial markets within three to five years. Nearly one-third said they plan to raise tokenization spending by 26% to more than 50% over the next two years. Adoption is highest in capital markets, where 44% of firms said projects are already in production or at scale, compared with 20% in asset management and 9% in wealth management. The survey also found 80% expect tokenized mutual funds and money market funds to become significant within five years, while only half were optimistic about tokenized equities. Despite regulatory and operational hurdles, 92% said digital and traditional assets are likely to coexist over the long term and 69% plan to build tokenization into existing systems rather than replace conventional market infrastructure.