Another press release, "Irish Funds Publishes New Paper: Mind the Gap – Operational Considerations for the Tokenisation of Irish-Domiciled Funds," explains, "The accelerating pace of digital innovation is reshaping the investment landscape, and fund tokenisation is emerging as a transformative development for the industry. Irish Funds has released a new paper, Mind the Gap: Operational Considerations for the Tokenisation of Irish-Domiciled Funds, exploring the practical steps and challenges involved in bringing tokenised funds to market." The release says, "Tokenisation offers significant potential to enhance transparency, efficiency, and accessibility across fund and asset management. What was once limited to pilots and proofs of concept has now evolved into real-world adoption. In fact, global tokenised real-world assets (RWA) exceeded $36 billion in 2025, a remarkable increase from near-zero just a few years ago—driven by major asset managers launching tokenised products." It adds, "As the industry continues to evolve, collaboration between market participants, regulators, and technology providers is critical to bridge operational gaps and unlock the full value proposition of fund tokenisation. Irish Funds remains committed to supporting its members and the wider industry on this transformative journey. Irish Funds extends its gratitude to the Digital Assets Working Group and the Irish Funds Council for their invaluable contributions." The full paper says, "Ireland is a leading EU domicile for fund products notably in the money market funds (MMFs) space, in private asset strategies and has been at the forefront of innovation for exchange-traded funds (ETFs). Ireland offers a robust regulatory framework, global distribution reach, and operational expertise. Tokenisation, through the use of DLT, presents a transformative opportunity for funds by enabling faster settlement, enhanced transparency, and unlocking innovative and new functionality opportunities. For ETFs, tokenisation can streamline trading and improve liquidity, MMFs may benefit from real-time cash management and automated compliance, while private asset funds can unlock greater liquidity of traditionally illiquid assets and all may benefit from future expanded utility."