Tokenisation: a transformative technology for financial markets

The workshop will offer NCAs an opportunity to gain insights from leading industry practitioners, supervisors, and researchers on tokenisation. It will explore how tokenisation may reshape financial markets, drawing on concrete examples of tokenisation initiatives. It will also consider key technical and regulatory aspects relevant for wider adoption.
Tokenisation – the process of issuing or representing assets in digital forms, known as tokens using distributed ledger technology (DLT) – is receiving growing attention, as a potentially transformative force in financial markets. Tokenisation applications have been mostly narrow so far and the associated volumes remain small. But recent advancements in technology and rules suggest that we may be approaching an inflection point.
Participants will discuss the latest market developments and emerging use cases, considered from a regulatory and supervisory perspective. The workshop will assess the benefits tokenisation can bring, such as efficiency gains and greater accessibility, as well as associated risks to the financial system. It will explore developments under the EU DLT Pilot Regime and examine the connections between the tokenisation of financial assets and the infrastructures underpinning crypto-assets. It will also consider how supervisors should approach these new developments.