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Infrastructure for Tokenized Assets
Examined the infrastructure behind tokenized funds, collateral, and real-world assets, including operating models, points of failure, and emerging approaches.
Status: GSMI 7.0 research cycle — concluding in 2026
Agentic/AI & BlockchainAPACCapital Markets Risk Mitigation Framework (RMF)Carbon Emissions Token (CET) TaskforceDeFi & VaultsDigital Payments & the Emerging Digital Economy in the Dutch CaribbeanEMEA PolicyInfrastructure for Tokenized AssetsISO/TC 307Post Trade Distributed Ledger (PTDL) GroupRegulatory CouncilSupply Chain and Transportation Working GroupTaxonomyU.S. Blockchain Coalition (USBC)U.S. PolicyUK PolicyVoluntary Ecological Markets (VEM) Taskforce
Co-chairs

Rajeev Bamra
Head of Strategy, Digital Economy
Moody's Ratings

Thomas Sullivan
Executive Director, Digital Assets
DTCC

Joseph Spiro
Director, Digital Assets Product
DTCC
What this group worked on
- —Blockchain-native vs. RWA tokenization models
- —Custody, issuance, and asset servicing
- —Interoperability with legacy post-trade
Outputs
Tokenization infrastructure landscape
Navigation framework for market participants
Frequently asked questions
- What was the Infrastructure for Tokenized Assets working group?
- Infrastructure for Tokenized Assets was part of the Global Standards Mapping Initiative (GSMI) 7.0 research cycle. Examined the infrastructure behind tokenized funds, collateral, and real-world assets, including operating models, points of failure, and emerging approaches.
- Who contributed to the Infrastructure for Tokenized Assets working group?
- The group was co-chaired by Rajeev Bamra (Head of Strategy, Digital Economy, Moody's Ratings), Thomas Sullivan (Executive Director, Digital Assets, DTCC), and Joseph Spiro (Director, Digital Assets Product, DTCC), with a working group comprised of GBBC's members and community.
- What is the status of the Infrastructure for Tokenized Assets working group?
- This GSMI 7.0 working group is concluding its research cycle in 2026. GSMI 8.0 will convene a new set of working groups.
- What did the Infrastructure for Tokenized Assets working group produce?
- A report will be published soon with a tokenization infrastructure landscape and navigation framework for market participants, exploring custody, issuance, and asset servicing, interoperability with legacy post-trade.
- Can I join the Infrastructure for Tokenized Assets working group?
- No. GSMI 7.0 working groups are wrapping up and are no longer accepting participants. GSMI 8.0 will have a new set of working groups.
