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Institutions using tokenization

Banks, asset managers and public institutions have explored tokenization through pilots and commercial products. These profiles distinguish an institution from an individual initiative; a pilot does not establish that a service is available to the public.

76 active companies · Page 1 of 1

ABN AMRO

Bank arranging and custodying digital bonds, including Vesteda’s tokenised green bond on a public blockchain.

Banks and financial institutions

Official website ↗

Amundi

Asset manager with a tokenised share class of AMUNDI FUNDS CASH EUR, developed with CACEIS.

Asset managers and issuers

Official website ↗

Barclays

British universal bank with consumer, corporate and investment-banking operations, included among institutions relevant to digital-finance adoption.

Banks and financial institutions

Official website ↗

BNP Paribas

Banking group that tested a permissioned Ethereum share class of a French money market fund in 2026.

Banks and financial institutions

Official website ↗

BNY

Bank offering a tokenised money market fund record solution through LiquidityDirect and Goldman Sachs’ GS DAP.

Banks and financial institutions

Official website ↗

Commerzbank

Bank that tested blockchain settlement of Continental money-market securities using tokenised euros in 2019.

Banks and financial institutions

Official website ↗

Continental

Industrial company that issued digital money-market securities in a 2019 blockchain trial with Commerzbank and Siemens.

Asset managers and issuers

Official website ↗

DBS

Bank tokenising structured notes on Ethereum for distribution to eligible investors through digital investment platforms.

Banks and financial institutions

Official website ↗

DekaBank

Served as registrar and investor in Siemens’ September 2024 blockchain bond.

Banks and financial institutions

Official website ↗

Euroclear

Securities infrastructure operator whose D-FMI platform supports creation, issuance and settlement of digitally native securities.

Banks and financial institutions

Official website ↗

Hitachi

Industrial issuer of a ¥10 billion digitally tracked green bond registered on the ibet for Fin blockchain.

Asset managers and issuers

Official website ↗

HSBC

Bank providing tokenised physical gold, digital bonds through HSBC Orion and tokenised deposit services.

Banks and financial institutions

Official website ↗

J.P. Morgan / Kinexys

J.P. Morgan’s blockchain business for institutional payments, tokenized collateral and digital-asset settlement.

Tokenization Platforms · Banks and financial institutions

Official website ↗

KfW

German development bank issuing blockchain securities; tested changing a live bond’s register and blockchain in September 2026.

Public institutions

Official website ↗

L-Bank

Approved participant in the Eurosystem’s 2024 DLT settlement experiments.

Banks and financial institutions

Official website ↗

Mizuho Bank

Bank acting as fiscal agent and blockchain bond-register administrator for Hitachi’s digital green bond.

Banks and financial institutions

Official website ↗

MUFG

Financial group whose joint-venture securities business acted as green structuring agent for Hitachi’s blockchain bond.

Banks and financial institutions

Official website ↗

NatWest Group

Banking group whose markets business completed tokenised transactions during the ECB’s 2024 settlement trials.

Banks and financial institutions

Official website ↗

Nomura

Financial services group whose securities business underwrote and structured Hitachi’s digital green bond.

Banks and financial institutions

Official website ↗

OCBC

Listed in Project Guardian’s 2024 pilots for testing cross-border FX settlement.

Banks and financial institutions

Official website ↗

Santander

Bank that issued a $20 million Ethereum bond with tokenised settlement cash in 2019.

Banks and financial institutions

Official website ↗

Schroders

Listed in Project Guardian’s 2024 pilots for digital issuance of variable capital company funds.

Asset managers and issuers

Official website ↗

SEB

Bank that co-developed so|bond, used for the EIB’s 2023 digital Climate Awareness Bond.

Banks and financial institutions

Official website ↗

SGX Group

Listed in Project Guardian’s 2024 pilots for a digital debt securities listing framework.

Banks and financial institutions

Official website ↗

Siemens

Industrial issuer of a €300 million blockchain bond settled in central bank money in September 2024.

Asset managers and issuers

Official website ↗

TD Securities

Capital markets firm participating in the World Bank’s 2023 digitally native notes issuance on Euroclear.

Banks and financial institutions

Official website ↗

Vesteda

Residential property investor that raised €5 million through a tokenised green bond arranged by ABN AMRO.

Asset managers and issuers

Official website ↗

Vonovia

Residential property group that issued a €20 million security-token bond on Stellar in 2021.

Asset managers and issuers

Official website ↗

World Bank

Supranational issuer whose €100 million digitally native notes inaugurated Euroclear’s DLT securities platform in 2023.

Public institutions

Official website ↗