New report maps present and future of tokenised money

Tokenised Money: Use Cases, Interoperability and Regulation

We’ve collaborated with the Cambridge Centre for Alternative Finance (CCAF) on a new study and report examining the evolving market and regulatory landscape of tokenised money.

‘Tokenised Money: Use Cases, Interoperability and Regulation’ shows how emerging private tokenised money instruments are competing for different applications, analysing the evolving infrastructure and the regulatory trends shaping their development across the globe. The study looks beyond conventional labels such as stablecoins, introducing a layered taxonomy that captures the complexity of the tokenised money ecosystem while remaining adaptable to structural changes.

This timely study explores the evolving market and regulatory landscape of tokenised private money. It documents emerging use cases and examines the challenges of interoperability and programmability, and explores the shifting regulatory landscape and its role in both enabling and constraining the development of tokenised money.

Produced by the CCAF in collaboration with Financial Innovation for Impact, this report offers vital insights for policymakers, regulators and market participants seeking to further the development, adoption and interoperability of tokenised money.

Catch up on our supporting webinar, Tokenised money: How is it reshaping cross‑border finance?, from 25 February 2026:

Welcoming remarks:

• Moderator: Keith Bear, Fellow of the Cambridge Centre for Alternative Finance and Senior Adviser for Digital Assets, Fii

• Presenter: Hugo Coelho, Director Policy & Advisory, Fii

Panellists:

• Agnès Bastaert, Head of Global Affairs and Strategic Development, Europe, Ant International

• Angeline Lam, Head, Payments Policy Division, Monetary Authority of Singapore

• Natasha Deloge, Head of Innovation, Commission de Surveillance du Secteur Financier

• Rene Michau, Global Head of Digital Assets, Standard Chartered Bank