BlackRock and Franklin Templeton accelerate tokenization efforts, RedStone: All major financial institutions will offer tokenized products by 2030

TechFlow, May 5 — According to International Business Times, Marcin Kazmierczak, co-founder of cross-chain data oracle provider RedStone, said that large institutions are moving tokenization from pilot stages into infrastructure deployment.

BlackRock recently partnered with BNY Mellon to tokenize its $150 billion Treasury Trust fund, while Franklin Templeton upgraded its $380 million tokenized money market fund in mid-2024 to support peer-to-peer token transfers.

BlackRock's BUIDL (BlackRock USD Institutional Digital Liquidity Fund), launched less than a year ago, is nearing a market cap of $3 billion. Kazmierczak expects tokenization to go through phases of institutional exploration, standardization, and infrastructure development, with mainstream adoption beginning around 2026–2027. By 2030, all major financial institutions will offer tokenized products.