Chetan Karkhanis said only about $15 billion of a roughly $14 trillion market has been tokenized, underscoring how early the sector remains.
Tokenization remains at an early stage, with only about $15 billion of a roughly $14 trillion market moved on-chain, and broader adoption will depend on whether it delivers clear cost, speed and efficiency gains. Chetan Karkhanis, SVP at FTI, said, "We're not going to tokenize everything just for the sake of it," arguing the model only makes sense when it is cheaper, better, and faster. The remarks frame tokenization (putting real-world assets onto blockchain-based rails) as a practical financial infrastructure question rather than a technology trend alone.