Background

Tokenized investment products may eventually provide blockchain-native access to diversified public-market exposure. This question asks whether such products achieve institutional-scale assets.

Resolution Criteria

This question resolves YES if, on or before 2027-12-31, any tokenized basket, index, ETF-like, or diversified equity investment product exceeds $1 billion USD equivalent in assets under management (AUM).

For resolution purposes:

• The product must provide diversified exposure to public equity.

• The product must be available in production to external investors.

• Eligible structures include:

  • tokenized ETFs,

  • tokenized index funds,

  • basket tokens,

  • tokenized SMAs,

  • or comparable diversified equity products.

• AUM may include:

  • onchain net asset value,

  • offchain custodied backing assets,

  • issuer-reported fund assets,

  • or tokenized share-class assets.

Acceptable resolution sources include issuer disclosures, blockchain analytics, fund reports, custodian reports, or regulatory filings.

Fine Print

The following do NOT count:

• Stablecoins;

• Treasury-token products;

• Money-market funds;

• Single-stock token wrappers;

• Pure derivatives without diversified investment exposure.

Off-chain custody with on-chain token representation counts as tokenization.