Seven sections, one report.
Each section maps to a chapter of the original report. Skim the headlines, dig into the figures, then jump into the 20 industry experiments.
Six key findings
Two-tier monetary system reaffirmed
Central bank money remains the 'anchor and enabler' - tokenised forms of private money (stablecoins, deposit tokens) can complement it without displacing it.
Atomic settlement unlocks real efficiency
Co-locating tokenised assets and money enables instantaneous, all-or-nothing DvP - cutting counterparty risk and freeing collateral.
Fixed income leads adoption interest
13 of 20 use cases were in fixed income, mirroring international experience. Largest gains expected from post-trade automation and settlement compression.
Interoperability is the bottleneck
Walled gardens won't deliver the prize. Synchronisation, bridges, and multilateral interchange utilities are needed across new and traditional rails.
Sandbox + longer runway over short pilots
Larger institutions ran out of time for internal risk reviews. A DFMI sandbox with stage-gates is the preferred next step.
Coordination, not just code
Network effects and incumbent inertia have stymied wholesale-market dynamism. Persistent industry-regulator forums are essential.
Build with rem