A recent industry report by Chainlink, the blockchain oracle platform, suggests that asset managers stand at the cusp of a significant opportunity with the growing trend of tokenization in financial asset infrastructures. Titled "Beyond Token Issuance," the report delves into the potential benefits of tokenization and how interoperability, coupled with real-world data, could unlock substantial value for tokenized assets.

The report outlines various industries and markets poised to benefit from tokenization, highlighting its potential to unlock dormant capital, increase asset availability, and introduce novel revenue models. Furthermore, Chainlink emphasizes how tokenization can empower asset managers to create unified client portfolios, differentiate their services, and enhance risk management through automated risk assessment processes.

Chainlink argues that blockchain technology is evolving into an integral component of the financial ecosystem, with traditional and blockchain-based assets converging into a unified system. This convergence is attributed to the superior infrastructure offered by blockchains for asset storage and transactions, driven by the ongoing digitization of financial markets.

Ryan Lovell, Director of Capital Markets at Chainlink Labs, notes that tokenization has been undergoing research and development for several years, with institutions exploring its potential impact on their businesses. Lovell likens this phase to building a concept car without essential components, such as an engine or interior, representing a rudimentary understanding of tokenization's capabilities.

Looking ahead, Lovell anticipates a shift towards building foundational infrastructure for tokenization, enabling seamless integration across traditional systems and various blockchain networks. This infrastructure would facilitate the composability and programmability of tokenized assets, enhancing interoperability and functionality.

Chainlink envisions a future where tokens are enriched with real-world data and can seamlessly interact across different blockchains and traditional financial systems, offering greater transparency, reduced costs, and streamlined administrative processes compared to traditional finance infrastructure.

In line with this vision, Chainlink is actively engaged in initiatives aimed at enabling institutions to leverage tokenization beyond issuance, facilitating comprehensive asset management throughout their lifecycle, and facilitating seamless transactions across the cross-chain economy.