Key Takeaways:
Centrifuge's JAAA token, a tokenized real-world asset product, now settles instantly within Kraken's regulated custody platform around the clock, eliminating the traditional T+1 and T+2 settlement delays that have limited institutional participation in on-chain finance.
"Instant settlement in regulated custody removes one of the last operational barriers for institutional investors," said a Centrifuge spokesperson. "Assets can now move, settle, and be re-deployed in minutes rather than days."
The JAAA token, which represents tokenized real-world assets managed through Centrifuge's protocol, can now be transferred and settled on Kraken's custody infrastructure at any time, including weekends and holidays. The integration combines Centrifuge's on-chain asset issuance with Kraken's regulated custody framework, which operates under applicable digital asset trust regulations.
The development addresses a structural bottleneck identified in a recent BeInCrypto report that tracked roughly $60 billion in tokenized real-world assets across more than 7,000 products. The report found that 910 of 1,289 surveyed assets above $100,000 in value, representing $32.9 billion, showed zero weekly transfer activity. "Tokenization's bottleneck was never a shortage of assets, it's a shortage of access," David Taylor, co-founder and CEO of EtherFuse, said in the report.
The broader tokenized asset market remains heavily concentrated. Just 62 assets hold 88 percent of total market value, and the top five products — Figure's HELOC, Circle's USYC, Tether Gold, BlackRock's BUIDL, and Justoken's JMWH — account for roughly half. Of the $32.9 billion in dormant value, about $27 billion came from "Represented" assets that were never designed for public secondary-market movement.
The Centrifuge-Kraken integration positions both firms to capture a share of the active market. Kraken's custody platform now offers 24/7 settlement for tokenized RWAs, a capability that competing custodians including BitGo have also begun building. BitGo announced day-one support for Robinhood Chain mainnet on July 1, enabling institutional clients to access wallet and custody infrastructure for a Layer 2 designed for tokenized real-world assets.
Industry forecasts diverge sharply on how fast the market grows. McKinsey projects $2 trillion in tokenized assets by 2030, excluding stablecoins. BCG estimates $600 billion to $1 trillion in tokenized fund AUM by the same date. Standard Chartered's broader projection, including trade finance and bonds, reaches $30 trillion by 2034.
This article is for informational purposes only and does not constitute investment advice.
