Tokenization platforms for banks split across four layers: issuance software, custody and key management, networks/ledgers, and settlement assets. Bitbond's guide evaluates 6 vendors across 6 criteria including deployment options, networks supported, regulatory footprint, and track record with named banks.
Tokenization platforms for banks operate in four distinct layers: issuance software (minting, management), custody with key management, networks/ledgers for transfers, and settlement assets (central bank money, stablecoins). Each layer requires different vendors and deployment models. Bitbond's comparative guide evaluates issuance-focused tools (Bitbond, Tokeny), custody providers (Taurus, Fireblocks, Ripple Custody), networks (Canton, RL1, Swift's shared ledger), and settlement infrastructure across 6 criteria: layer, deployment options (on-premise, cloud, SaaS), which networks each supports, regulatory footprint, API integration, and track record with named institutions. Bitbond reports $1.2B+ tokenized; Taurus works with Deutsche Bank, State Street, ClearBank, and KBC; Fireblocks powers Banking Circle's EURI stablecoin. The state of live settlement: Pontes, the Eurosystem's tokenized settlement network, went live September 21, 2026. DTCC launched its Canton-based tokenization service October 28, 2026, with 20 participants and 34 eligible securities at launch.
