Wednesday, August 5, 2026

Tokenisation and the future of finance: the role of central bank money

Tokenisation and the future of finance: the role of central bank money

Piero Cipollone (Member of the Executive Board of the ECB) - 11/2025

- Tokenisation is defined as the process of converting or issuing assets as programmable tokens that embed ownership records and operational rules using Distributed Ledger Technology (DLT).
- Expected benefits of tokenisation include enhanced efficiency through 24/7/365 trading, settlement, and custody on a single platform, and lower barriers to entry for SMEs accessing capital markets.
- Digital asset types are categorized into Public settlement assets (Central bank money for retail/wholesale,...

Read the full report on Substack

No comments:

Post a Comment