Bond tokenization is emerging as a scalable use of DLT in capital markets, driven by government engagement and the ability to preserve existing legal structures while improving efficiency. Adoption is translating into real growth. Tokenized fixed income issuance rose 230%, from €848M in 2023 to €3B in 2024 (AFME). Benefits are tangible. Near real-time settlement, lower transaction costs, reduced underwriting fees, and shorter closing periods are already visible. Bond tokenization represents a practical step toward modernizing fixed income infrastructure within existing market structures.