As 2025 comes to a close, we are proud to reflect on an exceptional year of progress. Tokenovate has confidently transitioned from platform development to market execution. With new commercial relationships driving revenue growth, our vision for tokenising and automating post-trade and settlement workflows in capital markets has resonated strongly. Client projects are now live, our foundations are stronger than ever, and we are well positioned to scale alongside leading regulated financial institutions.
As founders, however, our focus is always forward-looking. What’s next? Where are we going? Much like our smart contracts, the question “what’s next?” is continuously evaluated and answered through execution.
This time last year, we said:
“In 2025, we will continue to leverage blockchain, tokenisation, and smart contract technologies to drive transformative innovation and operational efficiency in capital markets. Our focus will be on developing scalable solutions with user-friendly interfaces, fostering collaborative innovation, and prioritising the needs of end users.”
Let’s take a look at how we performed.
Commercial and Market Progress
Tokenovate enables financial institutions to automate the post-trade, collateral, and tokenised settlement lifecycle, reducing cost, risk, and time to settlement – ultimately unlocking growth opportunities.
In 2025, we converted strong industry engagement into valued clients and delivered multiple live use cases across post-trade automation and tokenised settlement. We invested decisively in platform capacity, operational resilience, and security, ensuring readiness for the next phase of growth.
Two Market Shifts Defined the Year
First, tokenisation moved from experimentation to infrastructure. The industry increasingly recognises that value is not created by tokenising assets alone, but by enabling collateral mobility, settlement finality, and automation around them.
Second, public blockchains gained acceptance as viable market infrastructure when combined with enterprise-grade controls and privacy. Regulatory and industry sentiment shifted materially in this direction over the course of the year.
Platform Delivery
In 2025, we delivered version 2 of the Tokenovate platform into production. Key enhancements included native CDM-driven automation, an enterprise blockchain settlement service supporting mint-transfer-burn flows, expanded our APIs, a new user console, enhanced analytics, and fully automated testing. Throughout, our focus remained on operational robustness, real-world deployability, and outcome-centric innovation.
Operating as an Accredited Supplier
Tokenovate achieved ISO 27001 certification with zero audit remarks, reinforcing our commitment to security, governance, and institutional trust. This milestone provides meaningful momentum as we scale into deeper enterprise and regulatory partnerships. In parallel, we invested deliberately in internal systems, controls, and processes to support growth without compromising resilience or delivery quality.
Advancing Settlement Innovation
Alongside platform delivery, we introduced Novat, a programmable settlement protocol for tokenised assets. Novat addresses long-standing settlement inefficiencies by combining programmability with legal enforceability and standardisation, unlocking liquidity while preserving settlement finality.
Industry Engagement and Influence
Collaboration remains central to our strategy. Tokenovate chairs the FINOS Tokenised Assets Working Group and, together with ISDA, established a new FINOS task force to accelerate real-world adoption of the Common Domain Model.
We also engaged extensively with policymakers and regulators across the UK, Europe, and the US, contributing practical insights to discussions at HM Treasury, the Bank of England, the FCA, ESMA, and the CFTC.
Looking Ahead
With the platform live and our deep industry collaborations in full flight, we enter 2026 with strong momentum. The year ahead will be defined by accelerated commercial growth, continued innovation, and even deeper partnerships.
None of this would be possible without our exceptional team. We are deeply grateful to everyone who joined us on the journey this past year, and to our colleagues who commit themselves every day to solving some of the most complex and intellectually demanding challenges in our industry.
As markets move toward T+1 and beyond, Tokenovate is uniquely positioned to support institutions seeking automation that meets three non-negotiable requirements: legal enforceability, settlement finality, and liquidity optimisation.
We are more energised than ever to execute, scale, and deliver outstanding client outcomes in 2026. The best is yet to come.
Richard & Gerard
Founders