Wall Street Wants to Tokenize Everything, but Who’s Buying?

Tokenization reached nearly $40 billion in November 2026, but turning assets into tokens does not guarantee buyers. Interviews with R3, T-RIZE and XDC show investors still need understandable products, credible assets, attractive returns and a way to exit, according to BeInCrypto. The Asian Development Bank estimates businesses faced a $2.5 trillion trade-finance gap in 2025, an opportunity tokenization could help address, though lenders must still assess risks and secondary-market liquidity remains uncertain.