Raunak is an Advisor at the Bank of International Settlements (BIS) Innovation Hub, where he develops technology solutions for the central banking community specializing in blockchain, tokenisation, AI and financial market infrastructure. Previously, he led the financial technology and innovation portfolio at the World Bank Group focusing on payment system modernisation and capital markets innovation. His background spans technology consulting and financial services. Raunak holds a Master's degree in International Finance and a Bachelor's in Computer Science Engineering.
Roundtable Room 1, Ground Floor
Open
The ever evolving and accelerating world of financial and payment services presents challenges for regulators and market participants. Regulators struggle with establishing an appropriate regulatory framework to effectively address the risks associated with services leveraging innovative technologies and market participants may reject new rules if compliance is perceived as too burdensome and costly.
Technological advancement, however, not only presents challenges but also opportunities as rules and policies may be directly implemented into products and the provision of services to clients. At the roundtable, regulators, academics and industry leaders will explore the potential, risks and limits as well as regulatory requirements on a national and international level of this approach, which is commonly referred to as "programmable compliance".
Roundtable Room 2, Ground Floor
Open
Tokenization is reshaping wholesale payments, foreign exchange, and securities. As adoption grows across platforms and jurisdictions, it introduces fragmentation, operational complexity, and coordination challenges that may affect liquidity, settlement certainty, and systemic stability.
This roundtable will examine the governance, control frameworks, and cross-border coordination needed to ensure trust, integrity, and resilience in tokenized financial markets. It will explore practical approaches to embed compliance, interoperability, and accountability, advancing trust in tokenization, and enabling it to scale.