Tokenisation has moved from theory to adoption — fast.
In this opening episode of The Final Block, Georges Bock sits down with Sébastien Schmitt (PwC Luxembourg) to break down why global interest in tokenisation has exploded and what this means for the fund industry.

They explore the acceleration across money market funds, ETFs, digital settlement rails and retailisation — and why a new generation of investors coming from 24/7 crypto will reshape expectations for traditional funds.

Themes covered:

• Why tokenisation is surging globally
• NASDAQ, Franklin Templeton and the move toward tokenised assets
• MMFs as the first major use case
• Fractionality, instant settlement and intraday collateral
• Retailisation of private markets
• Why ETFs are only the intermediate step
• The new investor experience vs T+3
• How tokenisation rewires the fund value chain and distribution
• What asset managers should do today

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