The future of private markets: how tokenisation is revolutionising access and efficiency

In the evolving landscape of financial markets, private equity and private credit have emerged as powerful investment vehicles, managing over $13 trillion globally. Yet, despite this impressive footprint, these markets continue to operate within traditional frameworks characterised by limited access, illiquidity and operational inefficiencies. Enter tokenisation, a technological breakthrough that promises to transform how private markets function by creating digital representations of real-world assets on blockchain networks. Private credit has been one of the financial system's fastest-growing segments over the past 15 years, expanding nearly tenfold since 2009 to reach approximately $2 trillion by the end of 2023. And whilst this represents just a fraction of the broader fixed-income landscape, analysis suggests the addressable market for private credit could exceed $30 trillion in the US alone. Meanwhile, the private equity ecosystem demonstrates remarkable breadth compared to publ…