Tokenisation of money


At its core, tokenisation refers to the process of converting an asset – whether it be money, bonds, property, or even art – into a digital token that exists on a blockchain or distributed ledger. — Art Basel

RECENTLY, an international client in the financial sector asked for my views on tokenisation of the monetary system. The question struck me as timely, because what once seemed like an abstract idea in blockchain circles is now rapidly moving into the mainstream of global finance.

In recent years, the financial world has been abuzz with the idea of tokenisation. To many, it sounds like another piece of jargon from the tech industry. But behind the buzz lies a profound shift in how we may come to understand and use money itself. Tokenisation is not just about cryptocurrencies like Bitcoin or Ethereum – it is about reimagining money and financial assets as programmable, tradable tokens that can move instantly across digital networks.

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