Ryan Horn, an experienced executive previously with Binance, has moved to Hilbert Group. He will provide strategic advisory services, specifically focusing on guiding the firm in the development and launch of tokenized funds and other blockchain-based financial products. This appointment is explicitly aimed at facilitating convergence between traditional finance structures and blockchain technology.
This development occurs against a backdrop of significant institutional activity in tokenization. Major financial institutions Goldman Sachs and BNY Mellon recently announced plans to offer their institutional clients tokenized money market funds. These products will utilize blockchain technology for ownership tracking and boast the advantage of near-instant settlement around the clock.
Further highlighting the sector’s momentum, French fintech company Spiko secured $22 million in funding dedicated to expanding access to tokenized money market fund offerings across both US and EU markets. Expanding its footprint, brokerage platform Robinhood launched a separate initiative: a blockchain platform built on Arbitrum, enabling the provision of tokenized representations of US stocks and exchange-traded funds (ETFs) to investors based in Europe.
These tokenization initiatives are collectively driven by the technology’s potential benefits. Proponents highlight enhanced liquidity, significant reductions in transaction costs, and the foundational shift towards making trading accessible continuously, 24 hours a day, 7 days a week.