Tokenised collateral gets real: From pilots to production

Tokenisation is moving beyond experimentation as regulatory frameworks evolve and new settlement capabilities emerge. With the Eurosystem accepting eligible DLT-issued securities as collateral and industry agreements adapting to digital assets, tokenisation is becoming a practical collateral management consideration. The real value lies in improving collateral mobility, settlement and reuse across traditional and tokenised assets, based on their economics, liquidity and risk.