Swyftx CEO Jason Titman said the partnership presents a valuable opportunity to educate the traditional finance sector on the rapidly evolving world of digital assets and blockchain technology.
“We see this partnership as a great way to help more people to access and understand blockchain technology and we hope it will create new opportunities in the future for the customers of both businesses,” Titman said.
Totality Wealth, formerly known as Saxo Australia - a subsidiary of the global investment bank Saxo Bank, rebranded in August, with the company streamlining its operations in the Asia-Pacific.
The Totality platform offers investors access to a broad suite of investment products, including stocks, ETFs, bonds and foreign exchange.
“We’re excited to partner with Totality as we continue to bridge the worlds of traditional finance and digital assets,” Titman said.
It comes as new research revealed a projected 58-fold increase in tokenised funds AUM between 2024 and 2029 and a US$235 billion opportunity in tokenised funds, driven by the convergence between traditional asset management and decentralised finance.
Global funds network Calastone on Wednesday released a new white paper, Empowering Digital Distribution: The Strategic Rise of Tokenised Funds, highlighting how asset managers are seeking tokenised distribution of traditional funds as a gateway to digital assets.
According to Calastone, DeFi has created a new class of platforms and investors who want to access the same trusted products that underpin traditional markets - but in a way that fits their digital-native infrastructure.
“Our research shows treasuries are eager for tokenised money market funds to manage cash efficiently, while investors want access to them on the same venues where they hold and trade their digital assets,” said chief technology officer, Adam Belding.
“Tokenisation provides the bridge, enabling asset managers to meet both needs with products that are immediately usable within the DeFi ecosystem. This is where supply and demand finally converge; we have reached a turning point where asset managers can leverage tokenisation to compete and win new customers in the DeFi space now.”
While the two financial ecosystems have until now operated largely apart, the research showed a third of asset managers plan to distribute tokenised funds by 2030, with asset managers overwhelmingly favour working with technology partners and digital distribution platforms to reach this new market, rather than building in-house capabilities or going direct to investors.
