BeInCrypto has launched a new award to crown the best institutional tokenization platform, part of its Institutional 100 program. Fifteen platforms made the cut from an initial pool of more than 30 firms screened. The winner will be revealed at Proof of Talk in Paris on June 2–3, with a shortlist coming this month.
How the winner is chosen
Scoring is split 50-50 between quantitative data and an Expert Council. The council evaluates total value tokenized, institutional adoption, asset class breadth, regulatory framework, technical infrastructure, growth velocity, and ecosystem reach. Data comes from sources including rwa.xyz, DefiLlama, SEC EDGAR, MAS, FINMA, FCA, VARA, BVI FSC, ADGM, SFC, BaFin, audited filings, S&P, Moody's, Particula, PitchBook, Tracxn, and Crunchbase. That's a broad sweep — regulators, rating agencies, and on-chain trackers all feed in.
The platforms in the running
The 15 finalists are listed alphabetically and not ranked. Among them, several already post eye-catching numbers. Anemoy's JTRSY drew $400 million from Spark Grand Prix, and its JAAA token crossed $1 billion in TVL. Backed Finance offers more than 130 tokenized stocks and has seen over $25 billion in exchange volume. Centrifuge holds $1.6 billion in TVL across eight networks. Ondo's platform TVL exceeded $2.75 billion, with its USDY product above $1 billion.
Tokenization's growing footprint
The award sits under Pillar 4: Tokenization & On-Chain Finance. It covers institutional issuance, RWA blockchains, DeFi-native tokenization, white-label infrastructure, regulated exchanges, and tokenized credit. That's six sub-categories in one — a sign of how fast the sector is fragmenting and expanding. The timing of the Paris announcement, just two weeks away, means the shortlist will likely drop any day now.
