From the desk of Gaya Chandrasekaran,
Welcome,
Over the past few decades, financial markets have undergone a series of profound transformations.
Trading floors gave way to electronic markets. Online banking changed how customers interacted with financial institutions. Cloud computing modernised technology infrastructure, while artificial intelligence is now reshaping how firms analyse information and make decisions.
Today, another transition is underway.
Across banking, asset management, market infrastructure and public policy, tokenisation has become one of the most widely discussed topics in financial services.
Major banks are launching pilot programmes. Asset managers are creating tokenised investment funds. Regulators and central banks are exploring new forms of settlement infrastructure. Financial market infrastructures are assessing how distributed ledger technology could improve the movement of assets, cash and collateral.
Yet despite the growing attention, the industry remains in an unusual position.
There is widespread agreement that tokenisation has the potential to improve aspects of financial market infrastructure, but far less agreement about how that transformation will actually happen, how long it will take, or what success ultimately looks like.
For many professionals, this creates an understandable challenge.