Digital Assets & Tokenisation
The challenge
Distributed ledger technology (DLT) is changing how value is issued, transferred and recorded, accelerating a structural transformation in financial markets.
Following the adoption of global standards, most jurisdictions have amended existing rules or introduced bespoke regulatory regimes for crypto assets, stablecoins and service providers, while more than a hundred central banks are experimenting with or piloting central bank digital currencies (CBDCs).
This alignment of technological change and regulatory reform represents a critical moment in shaping the future framework of digital finance.
“The rise of digital assets is not an incremental shift–it is a systemic one. It demands holistic regulatory reform, from issuance and payments to post-trade rules and new public infrastructure through CBDCs. After years on the defensive, regulators are now in a race to modernise.”
Hugo Coelho, Director of Policy & Advisory
Our work
Fii helps financial authorities to navigate this rapidly evolving landscape. We support regulators worldwide on:
Regulation and supervision of crypto asset issuers and service providers (CASPs)
Tokenisation of financial and real-world assets
Regulation of stablecoins and new private-money instruments, including their use in cross-border payments
Design of CBDCs
Emerging challenges of decentralised finance
Our work spans Ghana, Indonesia, Pakistan, the Philippines, Thailand, Uganda and Ukraine, among other jurisdictions.
We believe effective reform requires more than global benchmarks: it demands comparative insights and tailored advice that reflect the political economy of each jurisdiction.
Explore our 2026 report, Tokenised Money: Use Cases, Interoperability and Regulation, produced in collaboration with the Cambridge Centre for Alternative Finance
Speak with an expert
If you’re interested in engaging with us in this area, please reach out to Hugo Coelho, our Director of Policy & Advisory.
