Hamed Faqirirzai, CineNow’s director of tokenization and capital markets, said the next wave of tokenized assets must demonstrate the legal and economic value of the underlying securities, investor protections and cash-flow transparency. His comments follow the Depository Trust & Clearing Corporation’s October 28 launch of a tokenization service supporting select Russell 1000 stocks, major index ETFs and US Treasuries. CineNow plans to tokenize a $150 million fund investing in more than 30 Indian films over six years, targeting issuance in the fourth quarter of 2027 subject to regulatory, legal and technology approvals. Private credit already accounts for 77% of lending against tokenized assets, while the number of wallets lending in this segment grew by 1,618% in the year to July.
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