“Tokenisation is moving beyond real estate — bonds, credit, and infrastructure are the new frontier.” – DNA Crypto Knowledge Base.
For years, fractional real estate ownership was the flagship use case for tokenisation. But in 2025, the European market is shifting. Tokenised finance is no longer just about bricks and mortar — it’s about bonds, credit funds, and infrastructure. With regulatory clarity from MiCA and the DLT Pilot Regime, and growing institutional appetite, tokenization is entering a new chapter.
Learn more: RWA Tokenisation Trends
Real Estate: The Gateway Asset
Real estate paved the way for institutional experimentation. Over €20 billion in property assets have been tokenised globally.
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– European platforms now offer regulated access to residential and commercial property tokens.
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– Secondary markets are being piloted in Luxembourg, Italy, and France.
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– Liquidity remains limited but infrastructure for fractional, programmable ownership is in place.
Explore: Tokenization vs Traditional Securities
Bonds and Credit Funds: Institutional Momentum
Tokenized bonds and credit funds are rapidly scaling under Europe’s evolving frameworks:
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– Italy’s Fintech Decree enabled tokenised project bonds with central bank settlement.
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– Pan-European fund managers are allocating to tokenised credit funds using wallet-level KYC and smart contract wrappers.
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– Tokenized Treasuries and money-market funds reached €7.4B in 2025 — up 80% YTD.
These products offer full lifecycle automation, real-time auditability, and lower settlement friction — exactly what institutional investors demand.
Read: Institutional Tokenization
Infrastructure Tokenization: The New Frontier
Infrastructure assets — long dominated by sovereign wealth funds and pension giants — are being reimagined as tokens:
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– Infrastructure bonds now enable fractional access to toll roads, energy grids, and data centres.
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– Settlement models using central bank digital money are being tested for large-scale projects.
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– ESG-linked reporting is being tied to yield-bearing infrastructure tokens.
Asset managers see this as a new distribution channel for long-duration, income-generating assets.
Related: Blockchain Infrastructure for RWAs
Challenges on the Road Ahead
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– Regulatory fragmentation – varying rules slow cross-border issuance.
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– Liquidity – secondary markets still underdeveloped.
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– Institutional standards – inconsistent wallet/KYC frameworks across platforms.
See: DeFi Security Risks
Beyond the Hype, Into Portfolios
Tokenisation of real-world assets is no longer theory — it’s capital allocation.
Real estate opened the door, but tokenized bonds, credit funds, and infrastructure are leading the next wave. For Europe’s institutions, tokenisation is not just an experiment — it’s fast becoming part of the financial core.
Image Source: Envato Stock
Disclaimer: This article is for informational purposes only and does not constitute legal, tax, or financial advice.
