White paper: Empowering Digital Distribution - The Strategic Rise of Tokenized Funds

The past few years have seen decentralised finance grow from an experiment into a parallel financial system. With more than $120 billion now locked across DeFi protocols, blockchain-based finance has evolved far beyond crypto trading to include lending, payments, credit, and identity. That scale has created something new: DeFi treasuries with serious balance sheets and a real need for professional management.

For asset managers, that demand represents both a challenge and an invitation. To participate, they must meet DeFi on its own rails — issuing tokenized versions of their traditional funds that can move and settle on-chain. This isn’t theory anymore. The number of tokenized funds has accelerated sharply since 2024, with AUM up 85% year-on-year and projections pointing to $235 billion by 2029.

At Toroa Capital, we see this as a defining bridge between traditional and decentralized finance. It’s the moment asset managers begin to think digitally native, and DeFi protocols start to seek institutional-grade partners. The convergence of these two worlds will reshape how capital is managed, distributed, and experienced.

Read the full Calastone White Paper here 👉🏻 "White paper: Empowering Digital Distribution: The Strategic Rise of Tokenised Funds"