The operational promise of tokenisation has become impossible to ignore. Based on detailed fund-level data provided directly by asset managers, our 2025 white paper Decoding the Economics of Tokenisation highlighted the potential for distributed ledger technology (DLT) to unlock $135bn in cost savings for the asset management industry.
Now, our new white paper goes a level deeper - uncovering what lies beneath those headline figures.
Tokenisation at Work: A Deeper Look at the Cost Engine of Funds offers a granular, data-driven examination of how tokenisation targets the biggest cost centres, where errors occur, and what it means for fund design, launch efficiency, and investor appeal.
Key findings include:
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Fund accounting consumes over $2.1m per fund annually—tokenisation could cut this by 30%
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Reconciliations, averaging 18.3 errors per month, cost $25k+ each in time and resources
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Transfer agency processes are primed for redesign, not just automation
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Launch timelines can be shortened by up to 6 weeks, with seed capital reduced by up to 50%
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Lower TERs from reduced costs could drive double-digit AUM growth in retail and wealth segments
This paper also exposes hidden inefficiencies, like inconsistent treatment of corporate action costs, and highlights the organisational misalignment that threatens to slow adoption, even as pressure on margins grows.
Download the full white paper today to explore how firms can start their transformation from the inside out.