CoinDesk published an opinion article stating that in 2024, the digital asset market is undergoing major changes, and tokenization has become a powerful new force. This momentum has been driven by the market entry of heavyweight players such as BlackRock, which has seen a surge in the TVL (Total Value Locked) of these assets. However, tokenized asset markets face significant challenges. Traditional financial investors (TradFi) are cautious about product structures and encounter liquidity problems in the secondary market. To gain wider acceptance, tokenized assets must have robust infrastructure in place and provide a transparent product lifecycle. As market offerings move along the adoption curve, a lack of data availability, data analytics, and data quality significantly complicates the implementation of structured due diligence and monitoring processes for investors. Investors must be familiar with the value chain and the potential risks of intermediaries. Effective risk management involves ongoing assessment of technical infrastructure, compliance with changing regulations and strict security measures for smart contracts. In addition, data flows and information changes on issuers, tokens and underlying assets are constantly monitored to ensure comprehensive risk assessment and informed decision-making. Although the market for tokenized assets is growing rapidly, attracting increased interest from traditional financial investors, significant challenges remain.
