
Brickken CEO sees growing institutional demand for tokenized assets after BNY and Citadel repo deal
Brickken CEO Edwin Mata highlights a shift toward practical tokenization as major financial institutions integrate blockchain for settlement, custody, and financing. A landmark transaction saw BNY and Citadel Securities utilize a tokenized two-year US Treasury note on a triparty repo platform, achieving settlement in minutes rather than the traditional next-day cycle. This efficiency allows institutions to access liquidity faster and optimize capital usage. Simultaneously, JPMorgan has expanded its JPM Coin deposit token to the Ethereum network to facilitate 24/7 institutional payments. While these advancements signal institutional adoption, the sector faces friction, as nine major US companies, including Broadcom and Verizon, have challenged the unauthorized tokenization of their shares on secondary platforms. These developments underscore a growing divide between institutional-grade infrastructure and retail-facing tokenization efforts. Ultimately, the market is moving toward a phase where interoperability between custodians and financial platforms will determine the pace of broader adoption.


