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Scaling tokenisation: unlocking the next phase of digital finance

Day 1 Afternoon

Wednesday 17 September

Room :

ROOM 1

Speakers

Chair
Giuseppe Siani
Director General for Financial Supervision and Regulation - Banca d'Italia
Public Authorities
Agnès Bénassy-Quéré
Second Deputy Governor - Banque de France
Richard Knox
Director, Financial Services International - HM Treasury
Industry Representatives
Hein Tibosch
Digital Asset Strategist and Trader - Flow Traders
Kelli West
Head of Securities and FX Strategy - SWIFT
Mathew Osborne
Policy Director Europe - Ripple
Tom Duff Gordon
Vice President of International Policy - Coinbase

Objectives

This session will assess the opportunities offered by tokenisation, the conditions required to scale its adoption, and the regulatory and operational priorities needed to support its broader development.The first part of the discussion will focus on current market developments, including the most promising use cases of tokenisation and their potential impact. Panellists will also examine the main challenges to broader adoption and consider the long-term prospects of tokenisation as a mainstream model.The second part will assess the adequacy of the existing EU regulatory framework to support tokenisation and identify potential adjustments needed to support market evolution. The discussion will also address the role of settlement assets and compare international approaches to regulating tokenised markets.

Points of discussion

  • Opportunities, challenges and future prospects of tokenisation: How is tokenisation progressing from experimentation to live market applications in financial markets?
  • What impact is expected from its development on the structure and functioning of these markets?
  • What are the key challenges and preconditions that need to be addressed to scale up adoption?
  • Priorities for further developing tokenisation: What are the main policy and regulatory priorities for supporting the broader adoption of tokenisation across EU financial markets?
  • Are existing EU digital frameworks adequate to support this scaling?
  • What operational aspects may require further consideration? How does the EU approach compare with international developments?
  • Is greater global consistency needed in this area?