Why Tokenized Assets Aren’t Taking off Despite the Hype—What’s Holding Investors Back

Franklin Templeton's Chetan Karkhanis examines why tokenized real-world assets (RWAs) are not taking off despite hype. Structural barriers include fragmented standards across Layer 1 blockchains and interoperability systems, which restrict scale. He notes that tokenized funds and securities have moved beyond technical demos but need wider portfolio integration.