# Institutional Tokens Stay Inside the Issuer's Walls

Banks and asset managers will keep launching tokenized funds and deposit tokens on public chains while holding them in issuer-controlled or allowlisted wallets, so headline tokenized value keeps outrunning open on-chain circulation until regulators permit free transfer.

- Conviction: 40 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-10-24T00:00:00.000Z
- Last updated: 2026-10-24T06:38:43.145Z
- Canonical: https://polylog.news/crypto/trends/institutional-tokenization-stays-permissioned
- Publisher: Polylog

## Recent evidence

- [confirms] Franklin Templeton Puts $150 Million of Fund Shares on the XRP Ledger in One Wallet That Shares Signers With the Issuer (2026-10-24): Franklin Templeton put $150 million of fund shares on the XRP Ledger in a single wallet that shares signers with the issuer. Separately, Sentora found JPM Coin had zero supply and zero transfers on Ethereum days after JPMorgan's launch announcement, with only one allowlisted address. Both cases show headline tokenized value with no open on-chain circulation.