Speakers
Public Authoritiess
Denis Beau
First Deputy Governor - Banque de France
Dimitri Pattyn
Deputy Director General, DG Market Infrastructure & Payments - European Central Bank (ECB)
Michelle Beck
Director of Wholesale Buyside - Financial Conduct Authority (FCA)
Vytenis Čipinys
Economic Policy Analysis Coordinator - Bank of Lithuania
Industry Representativess
Alexia Theodorou
Product Director, Kraken Derivatives - Kraken Digial Asset Exchange
Stephen Lindsay
Head of Product Management and Digital Assets - SWIFT
Tom Duff Gordon
Vice President of International Policy - Coinbase
Yoni Assia
Founder and Chief Executive Officer - eToro
Objectives
Objectives
This session will examine the progress of tokenisation in EU capital markets, the value it can deliver and its potential impact on market structures and processes, as well as the key operational and regulatory conditions required to scale its adoption. It will also assess whether the EU’s regulatory and supervisory framework needs adjusting to support the scaling of tokenisation and the need for stronger international policy coordination.
Points of discussion
- Tokenisation use cases and market impact
How is tokenisation progressing in capital markets, which use cases appear most beneficial and what are the medium to long term prospects for broader adoption? What tangible benefits can tokenisation deliver for market participants, investors and issuers? Could tokenisation fundamentally reshape capital market processes and structures in the longer term or is it more likely to generate incremental efficiency gains? What new risks might need to be addressed to scale adoption? - Scaling tokenization: operational changes and policy priorities
What infrastructure and settlement arrangements, including settlement assets, are most critical to scale tokenisation and how can the transition from traditional market structures be managed effectively over time? Is the EU’s regulatory and supervisory framework fit for purpose to support large scale deployment of tokenisation? How does the EU approach to tokenisation compare internationally, and is stronger international coordination needed to avoid fragmentation?