Equity tokenization is becoming the next major frontier after 2024's focus on Treasuries.
The shift toward equity and private markets represents the real opportunity for 2025, with BCG forecasting the tokenization market to reach $18.9 trillion by 2033.
Key developments:
- Equities expected to dominate the tokenization landscape
- Supporting infrastructure finally taking shape
- Private markets gaining traction alongside public equity
This evolution follows 2024's Treasury-focused year, where tokenized U.S. Treasuries saw significant growth and competition among blockchain platforms intensified.
Lesson 3: Equity is emerging as the next frontier. 2024 was Treasuries. 2025 pointed toward the real opportunity: Equity and private markets. The BCG forecast ($18.9T by 2033) suggests equities will represent a major part of the tokenization shift. The infrastructure to
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Centrifuge V3.1 Completes Final Security Review Ahead of Launch

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Centrifuge Launches Public Quarterly Updates
Centrifuge is introducing **public quarterly updates** starting today, offering transparency into their operations and future plans. **What's Covered:** - Strategic direction and protocol health metrics - Product roadmap and development priorities - Live Q&A sessions with the community The initiative reflects Centrifuge's commitment to open communication with stakeholders. Participants can join the sessions to ask questions directly and get real-time answers from the team. [Register for the quarterly update](https://luma.com/f7tkx8yu)
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**Tokenized equity has fundamentally changed.** Previously, it meant synthetic exposure—price tracking without ownership. Now, the share register itself exists onchain with full shareholder rights. **What changed:** - SEC-registered transfer agents can maintain authoritative shareholder records onchain - Smart contracts enable real-time settlement and automated transfers - Companies can issue actual shares on blockchain with complete legal rights **Why it matters:** Crypto-native companies previously relied on tokens to bootstrap communities, but lacked enforceable investor rights and clear paths to institutional capital. Onchain equity solves this by providing one unified cap table accessible to both contributors and institutions. [@caesar_data](https://twitter.com/caesar_data) became the first crypto-native company to issue real equity onchain through Centrifuge's SEC-registered infrastructure—no parallel systems, no fragmentation.
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