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Tokenisation Impact Calculator

What could your organisation unlock with tokenisation?

T+2 settlement, manual reconciliation, layers of intermediaries: find out what moving to tokenised administration could free up across your organisation.

$24B
Annual economic opportunity from digital finance innovation in Australia
DFCRC, 2026
0.74%
Average annual operating cost as a share of AUM for traditional funds
Industry research, 2025
T+0
Atomic settlement eliminates 2 days of capital lock-up on every transaction
vs T+2 conventional settlement
Calculator

Build your estimate

Adjust the inputs to reflect your portfolio. All estimates are indicative and based on published research.

5.0%
0.74%
Settlement float freed annually
—
 
10-year value
—
Capital tied up between trade and settlement carries a cost. Atomic settlement releases it. This figure reflects your inputs above.
Further opportunities from tokenisation
Beyond settlement, industry research points to material back-office cost reductions across three functions. These are published industry findings, not an estimate of your specific costs.
Fund accounting & reconciliation
~30%
cost reduction (industry research)
Registry
~25%
cost reduction (industry research)
Compliance & trade execution
~24%
cost reduction (industry research)
The Commercial Case for Tokenisation, flagship brief cover
Flagship brief, free with your report
The Commercial Case for Tokenisation
Revenue, cost, capital, and positioning in Australian regulated financial services. 18 pages, fully sourced.
→
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 × (settlement days / 365) × cost of capital, assuming annual settled value approximately equal to portfolio value. Settlement days vary by asset type: investment funds and corporate bonds use the Australian conventional cycle of T+2 (the US and Canada moved to T+1 in May 2024, but the Australian market remains T+2); private equity and debt use a conservative 5-day floor and real estate a 10-day floor, reflecting that these assets settle on bespoke manual timelines rather than an exchange cycle. The further-opportunity percentages (approximately 30% for fund accounting and reconciliation, 25% for registry, and 24% for compliance and trade execution) are per-function cost reductions reported in the Calastone research (published rates of 29.79%, 25.21%, 23.75% and 21.88% respectively, from a survey of 26 global asset managers). These are industry findings shown for context and are not applied to your specific costs or added to the settlement-float figure. Operational error rates cited are drawn from Calastone's benchmark fund data. Not financial advice.
The Commercial Case for Tokenisation, flagship brief cover
Why tokenise? Why now?

The Commercial Case for Tokenisation

Our flagship brief for senior decision-makers at Australian fund managers, non-bank lenders, fintechs, 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
Strategic optionality for the years ahead
What separates firms that execute from those that stall
18 pages · 19 cited sources · Australian market focus
The mechanics

Where the value comes from

Tokenisation removes the settlement float every fund carries. Beyond that, industry research points to back-office cost reductions across three functions, each with a published figure behind it.

01 · SETTLEMENT FLOAT
Conventional settlement locks your capital between trade and settlement
Every transaction ties up assets and cash until it settles: two business days for listed funds and bonds, and 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 AUD $274,000 a year just to service a two-day delay, and private assets carry more. Atomic settlement eliminates the float entirely.
02 · FUND ACCOUNTING & RECONCILIATION
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. On a shared ledger there is one record of truth, so most reconciliation work disappears.
03 · REGISTRY
The ledger becomes the register
Maintaining the register of who owns what is the second largest reduction, with around a 25% cost reduction 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 & TRADE EXECUTION
Rules enforced in code, trades that cannot half-settle
Industry research records around a 24% reduction in compliance monitoring and trade execution costs. Smart contracts enforce 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, equivalent to approximately 1% of GDP."
DFCRC & Reserve Bank of Australia, Project Acacia (2026)
$10B
Better markets: FX, investment funds, public debt
$8B
Better payments: cross-border and FX settlement
$6B
Better assets: operational and conveyancing efficiencies
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.

SECONDARY MARKET UTILITY
Assets that move, not entries that sit
A tokenised unit doesn't retire into a register after issuance. It can be transferred peer-to-peer, traded on compliant secondary venues, or fractionalised, turning traditionally illiquid holdings into assets investors can actually move. Liquidity is a feature your fund offers, not a property of the exchange it isn't listed on.
PROTOCOL FINANCE
Holdings that work as collateral
Tokenised assets can be pledged, lent and settled through on-chain financing protocols, with atomic delivery-versus-payment removing counterparty settlement risk. That opens financing structures, secured lending against fund units, repo-style arrangements, instant collateral substitution, that paper registries cannot support.
PUBLIC DIGITAL TOKEN INFRASTRUCTURE
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, a regulatory architecture built for open market activity rather than closed administration.

Ready to tokenise?

Tokeniser is purpose-built for institutional asset issuance, administration and secondary market access on Redbelly Network, Australia's public-permissioned blockchain infrastructure for real-world asset tokenisation.

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