Tokenization in financial services - is it the next big thing? | Converge Podcast

Recorded live at Money2020 EU on 6/4/24!
Join Ryan Rugg, Head of Digital Assets for Citi's Treasury and Trade Solutions, as we discuss tokenization and its likely impacts on the financial sector.
Tokenization is the digital representation of an asset and can be used for various purposes, including tokenizing cash, real-world assets, and central bank digital currencies. There have been several barriers to widespread adoption, such as the lack of standards, governance, and regulation, but 2024 has seen significant progress.
We cover the advantages of tokenization for corporate treasurers, including enhanced efficiency, security, and transparency; the importance of regulatory clarity and the role of legal frameworks in the adoption of tokenization technologies; the future potential of tokenization; and the need for financial institutions to prepare and partner with fintechs to take advantage of the latest innovations in this space.
Chapters
00:00 Introduction and Overview of Tokenization
01:18 Barriers to Adoption and Regulatory Clarity
05:10 The Disruptive Potential of Blockchain-based Systems
07:08 Interoperability and Legal Frameworks
09:52 Preparing for the Future of Tokenization
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Interested in our speakers? Learn more about them and the companies they represent below:
Ryan Rugg, Head of Digital Assets for Citi's Treasury and Trade Solutions
/ ryanrugg
www.citigroup.com/global
Disclaimer: Converge is Convera’s new podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.