Tokenisation impact calculator

What could your fund unlock with tokenisation?

Two taps, no sign up. Your estimate appears as you go.

1. What are you holding?

Investment fund

Private equity or debt

Real estate

Corporate bonds

2. How much do you hold?

AUD

$100m

$500m

$1b

$5b

Your indicative result

of settlement float freed up every year

over ten years

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of capital locked up today

Capital sits idle between trade and settlement, and it carries a cost. Instant settlement releases it.

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Cost of capital

Back office cost, share of assets

That is {{ opsSpendLabel }} a year in administration at that rate.

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Further opportunities

Beyond settlement, the back office gets cheaper

Published industry findings across three functions. Shown for context, not applied to your figures above.

30%

lower fund accounting and reconciliation cost, the largest single reduction

25%

lower registry cost, because the ledger is the register

24%

lower compliance and trade execution cost

Free with your report

The Commercial Case for Tokenisation

Our flagship brief for senior decision makers at Australian fund managers, non-bank lenders and service providers. It moves tokenisation from a technology conversation to a commercial one.

Revenue expansion, new markets and margin recovery

Cost reduction across the back office

Capital efficiency and freed up collateral

Competitive positioning in a closing window

What separates firms that execute from those that stall

18 pages, 19 cited sources, Australian market focus

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The mechanics

Where the value comes from

01 Settlement float

Conventional settlement locks capital between trade and settlement

Every transaction ties up assets and cash until it settles: two business days for listed funds and bonds, considerably longer for private equity, debt and real estate that clear on manual timelines. At a 5% cost of capital a $1b listed fund pays roughly $274,000 a year just to service a two day delay. Instant settlement removes the float entirely.

02 Fund accounting

Reconciliation is the largest single reduction

Industry research puts the cost reduction in fund accounting at around 30%, the biggest of any back office function. Reconciliations alone average 18.3 errors per fund every month, each costing over US$25,000 in remediation time. With one shared record of truth, most reconciliation work disappears.

03 Registry

The ledger becomes the register

Maintaining the register of who owns what is the second largest reduction, around 25% in industry research. On a tokenised fund, subscriptions, redemptions and transfers update the ownership record automatically: no separate registry to maintain, and no lag between trade and record.

04 Compliance

Rules enforced in code, trades that cannot half settle

Industry research records around a 24% reduction in compliance monitoring and trade execution costs. Contract logic enforces investor eligibility and limits at the point of transaction, while atomic delivery versus payment designs out the trade execution errors that currently average 10.6 per fund each month at US$14,676 apiece.

Research basis

Grounded in authoritative research

Digital finance innovation could deliver $24 billion in annual economic gains for Australia, around 1% of GDP.

$10b

Better markets: foreign exchange, investment funds, public debt

$8b

Better payments: cross border and currency settlement

$6b

Better assets: operational and conveyancing efficiencies

DFCRC and Reserve Bank of Australia, Project Acacia (2026)

Beyond administration

The impact starts here

The cost case gets you to the table. The reason to tokenise is what the asset can do afterwards, things a registry entry never could.

Assets that move, not entries that sit

A tokenised unit does not retire into a register after issuance. It can be transferred directly, traded on compliant secondary venues, or fractionalised, turning traditionally illiquid holdings into assets investors can actually move.

Holdings that work as collateral

Tokenised assets can be pledged, lent and settled with atomic delivery versus payment removing counterparty settlement risk. That opens secured lending against fund units and instant collateral substitution, which paper registries cannot support.

Infrastructure, not intermediation

Tokeniser operates as non-custodial Public Digital Token Infrastructure under Australia's Digital Asset Framework. Issuers and investors retain control of their assets while transacting directly on the platform.

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Tokeniser is purpose built for institutional asset issuance, administration and secondary market access, on Redbelly Network infrastructure trusted by leading financial institutions.

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How this is calculated

Estimates are indicative only and based on published research: DFCRC (2026), Unlocking Australia's $24 Billion Digital Finance Opportunity; Calastone (2025), Decoding the Economics of Tokenisation and Tokenisation at Work. The headline figure is settlement float, modelled as portfolio value multiplied by settlement days divided by 365, multiplied by cost of capital, assuming annual settled value approximately equal to portfolio value. Investment funds and corporate bonds use the Australian conventional cycle of T+2, private equity and debt a conservative five day floor, and real estate a ten day floor, reflecting that these assets settle on bespoke manual timelines rather than an exchange cycle. The further opportunity percentages are per function cost reductions reported in the Calastone research from a survey of 26 global asset managers. They are shown for context and are not applied to your figures or added to the settlement float. Not financial advice.

freed up a year

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