INSTITUTIONALIZATION OF BLOCKCHAIN TECHNOLOGIES AND THEIR IMPACT ON CONTEMPORARY FINANCIAL INVESTIGATIONS IN THE CONTEXT OF ASSET TOKENIZATION

Abstract

The rapid evolution of digital assets and the integration of distributed ledger technology into the traditional financial system are fundamentally transforming the architecture of global capital flows. By the end of 2025, the stablecoin market demonstrated unprecedented growth, exceeding a market capitalization of $300 billion, while the total transaction volume of these instruments throughout 2025 reached a record $33 trillion. In parallel, large-scale tokenization of real-world assets is underway, with the total on-chain market volume surpassing $29 billion.