The paper covers technological and financial considerations starting broadly from the basics of blockchain technology to the application of tokenisation to specific asset classes such as private debt, venture capital, infrastructure, and real estate, to name a few. It highlights current and future considerations for investors, banks, and wealth and asset managers seeking a comprehensive analysis of alternative investments tokenisation.
In the fifteen years between 2003 and 2018 the size of the global investment market doubled, while alternative investments almost tripled to USD 13.4 trillion. This would mean around 12% of all worldwide investments were allocated to alternative investments. CAIA Association members expect this allocation to rise to 18-24% of the global asset market by 2023Chartered Alternative Investment Analyst (CAIA) Association
“Liquefy is particularly interested in the democratization and efficiencies that can be achieved via tokenisation, especially in relatively exclusive asset classes within alternative investments. We are extremely pleased to be able to bring our expertise to the table for such an ambitious project.”
Adrian Lai, CEO of Liquefy
“We aim to raise clients’ awareness of the benefits of tokenization and blockchain technology to access new pools of assets, for example within infrastructure financing, and how best to position for future innovation in this area.”David Bouchoucha, head of private debt and real assets at BNP Paribas Asset Management
“It is important that those tasked with developing and distributing the tokenized vehicles described in this fascinating new paper maintain a credo of ‘investors first’, something that should never be ‘disrupted’.”Joanne Murphy, CAIA’s managing director for Asia Pacific
Founded in 2018, Liquefy has been widely recognised as a leading tokenisation expert in Asia; in 2020 it became the first company globally to obtain a financial license for the online distribution and OTC trading of tokenised assets. BNP Paribas Asset Management is the asset management arm of BNP Paribas, one of the world’s foremost financial institutions, and offers high value-added solutions to individual savers, companies, and institutional investors. The CAIA Association is a global professional credentialing body dedicated to creating greater alignment, transparency, and knowledge for all investors, with a specific emphasis on alternative investments. The paper combines the collective expertise of Liquefy, BNP Paribas Asset Management and the CAIA Association.
