Tokenization Is Here. Now What?

Tokenization alone will not solve the collateral challenge.

Firms will need an operating model that connects inventory, eligibility, optimization, booking, controls and execution across traditional and digital rails.

In our latest co-authored article with EY, we explore:

🔹 Why the next phase is about interoperability, not replacement
🔹 How firms can build cross-rail visibility and modernize eligibility frameworks
🔹 Why governance and controls need to be embedded from the start
🔹 Practical steps for preparing for tokenized collateral

The core takeaway: success will depend less on how quickly firms tokenize assets and more on how effectively they make tokenized collateral usable within the broader market infrastructure.

Further Reading: Read the full article here.