Practical Settlement Options in Tokenised Markets

The development of tokenized settlement assets plays a key role in enhancing liquidity and improving settlement efficiency in financial services. Yet the diversity of settlement assets – regulated stablecoins, tokenized deposits, tokenized central bank reserves – could introduce fragmentation and substitution risk if token interoperability, yield and incentive mechanisms, and financial stability considerations are not well addressed.
 
This roundtable brings together the financial industry and policymakers to address the multi-faceted considerations for tokenized settlement assets, ensuring they are fit-for-purpose across banking, capital markets, and wholesale payments.