Tomasz Tunguz Blog · 2025-04-23
· 407d
Blockchain Tokenization: A New Liquidity Path for SaaS and Public Markets
Tokenized assets on blockchain databases are transforming financial markets by enabling faster settlement, continuous trading, and new collateral options. BlackRock's tokenized Treasury fund (BUIDL) demonstrates early success with $2B in assets, while tokenization of equities could dramatically reduce IPO costs and expand investor access globally.
Metrics in this report
BlackRock BUIDL Assets Under Management
2$ billions
current
Tokenized Treasury fund
BlackRock BYTXX Assets Under Management
21$ billions
current
Classic Treasury fund
Blog Subscriber Base
150thousands
current
Tomasz Tunguz newsletter readers
Traditional IPO Cost Range
15-25$ millions
typical
Public market listing expenses