Coalition for Tokenized Markets (CTM) Launches to Unite Traditional Finance and Digital Asset Industry in Push for Modern Capital Markets Regulatory Framework
Franklin Templeton, Janus Henderson, J.P. Morgan Asset Management, and WisdomTree, Among Founding Members of First Transatlantic Advocacy Coalition Dedicated to Tokenized Financial Markets.
FOR IMMEDIATE RELEASE June 9, 2026
Contact: Chris Hayes | chayes@thornrun.com | (413) 687-1060
WASHINGTON, D.C. — The Coalition for Tokenized Markets (CTM) is a new industry-led policy coalition dedicated to advancing the responsible growth of tokenized financial markets. CTM brings together leading firms across traditional finance, digital asset infrastructure, and tokenization to support regulatory modernization, market structure reform, and cross-border policy coordination for tokenized securities, funds, and collateral. The coalition will focus on practical policy outcomes that enable compliant secondary markets, modernized AML/KYC frameworks, and institutional adoption of blockchain-based financial infrastructure. CTM’s founding members include Franklin Templeton, Janus Henderson, J.P. Morgan Asset Management, and WisdomTree,
“Tokenization is moving from concept to market reality, and the rules being shaped today will determine how these markets develop. CTM was created to bring leading firms together around practical policy solutions in the U.S. and Europe that enable tokenized securities, funds, and collateral to scale safely, compliantly, and globally.” – Chris Hayes, Executive Director of CTM and Partner at Thorn Run Partners (TRP).
Securities tokenization, the process of bringing traditional financial assets such as stocks, bonds, and mutual funds onto distributed ledger technology, represents one of the most significant opportunities in a generation to modernize capital markets infrastructure. CTM’s founding members are already helping drive this transformation and share a common goal: ensuring that regulatory frameworks provide the clarity, flexibility, and level playing field necessary for tokenized markets to develop responsibly alongside, and ultimately improve upon, legacy financial systems.
CTM's initial policy priorities will be shaped by the founding cohort and are expected to include, among others, updates to AML/KYC rules to enable peer-to-peer transfer of tokenized assets, and the removal of regulatory frictions to cross-border passporting of tokenized funds and assets between the US and Europe.
“Tokenization is reshaping how asset managers innovate traditional products, bringing clients new capabilities while improving the speed and efficiency of transactions. As tokenized funds continue to evolve and demand for on-chain assets increases, shared standards can help support broader institutional adoption. We’re pleased to join the Coalition for Tokenized Markets to collaborate with industry peers to expand client optionality while establishing strong safeguards.” — Paul Przybylski, Managing Director, Global Head of Product, Digital & Tokenized Assets, J.P. Morgan Asset Management
"The regulatory framework for digital assets is entering a critical phase, and industry coordination is essential to getting it right. Through the Coalition for Tokenized Markets, we are bringing together expertise from across the ecosystem to support coherent, forward-looking rules that enable innovation while maintaining strong investor protections. Our shared goal is to unlock the full potential of tokenization to modernize capital markets and expand access for investors." — Nathan Fox, Head of Public Affairs, Janus Henderson Investors
“By joining CTM, WisdomTree has a significant opportunity to continue to help shape policy frameworks that will support the modernization of our financial market infrastructure. Alongside the other founding members, our collaboration and diverse perspectives will play a key role in responsibly ushering in the next adoption phase of tokenization while prioritizing the safeguards that investors have come to expect.” — Ryan Louvar, Chief Legal Officer and Head of Business and Legal Affairs, Digital Assets, WisdomTree
The Coalition for Tokenized Markets is led by Chris Hayes, Executive Director of CTM and Partner at Thorn Run Partners, a top-10 Washington lobbying firm with decades of experience building and managing coalitions and deep bipartisan relationships across Congress, the White House, Treasury, the SEC, and the CFTC.
Chris brings more than 15 years of experience at the intersection of traditional financial services, emerging technology, and public policy. He has led global policy and advocacy efforts across digital assets, private funds, and the broader financial services sector, helping shape legislation and regulation in the United States and abroad on behalf of clients.
Firms interested in joining the Coalition for Tokenized Markets can learn more and request membership information at www.coalitionfortokenizedmarkets.org or by contacting Chris Hayes at chayes@thornrun.com.
About the Coalition for Tokenized Markets: The Coalition for Tokenized Markets is dedicated to shaping a clear, effective legislative and regulatory framework to integrate tokenization into modern capital markets. CTM unites firms that straddle traditional finance and digital assets and are actively involved in transforming markets through the power of distributed ledger technology. www.coalitionfortokenizedmarkets.org
About Thorn Run Partners: Thorn Run Partners is a full-service government relations, policy, and strategic communications firm with offices in Washington, DC, Portland, OR, and Los Angeles, CA. It has been recognized as a Top 10 lobbying firm by respected publications including Politico, The Hill, and Bloomberg, that ranks among the nation’s most creative and effective government relations companies. www.thornrun.com
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