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Scaling up tokenisation and DLT in finance: way forward

Scaling up tokenisation and DLT in finance: way forward

Day 1 Afternoon

Wednesday 09 April

Room :

ROOM 1

Speakers

Chair
Denis Beau
First Deputy Governor - Banque de France
Public Authorities
Rupert Schaefer
Chief Executive Director Strategy, Policy and Control - Federal Financial Supervisory Authority, Germany (BaFin)
Sasha Mills
Executive Director for Financial Market Infrastructure - Bank of England
Industry Representatives
David Durouchoux
Deputy Chief Executive Officer - Société Générale FORGE
Jonathan Jachym
Global Head of Government Relations & Policy - Kraken Digital Asset Exchange
Mathew Osborne
Policy Director Europe - Ripple
Tom Duff Gordon
Vice President of International Policy - Coinbase

Objectives

The first objective of this session is to take stock of the progress made on tokenisation in terms of adoption and experimentation, and to assess the longer term opportunities and benefits of tokenisation in the financial services market. Secondly, the panel will assess the operational challenges and the risks associated with the development of tokenisation in the financial sector, the conditions for a sound development of these activities in terms of settlement assets and infrastructure, and assess whether the existing financial and digital policy frameworks are well suited to support these developments. This session will focus primarily on the role of tokenisation in securities markets and on DLT as a foundation for tokenisation.

Points of discussion

  • State of play and opportunities: What is the state of use and experimentation of tokenisation in the financial services sector? What is the longer-term potential for tokenisation and DLT to transform capital markets? What are the main potential opportunities and benefits?
  • Operational conditions, challenges and policy implications: What developments are needed to support the tokenisation of finance, particularly in terms of settlement assets and digital infrastructure? What are the main challenges and risks that need to be addressed? Are EU financial and digital finance regulations fit-for-purpose to support these developments and address the associated risks?