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      Overview

      Tokenization in Finance: Evidence and Implementation Pathways is a structured, multi-stakeholder initiative to build the evidence base and implementation pathways for tokenization in emerging and developing economies, spanning digital money, tokenized real-world assets, tokenized funds, tokenized securities and derivatives, commodities, and capital markets infrastructure.

      Through our two focused tracks, we bring together practitioners, regulators, and multilateral organisations to develop implementation pathways that are country-adaptable and grounded in real-world constraints. The output is a practitioner's implementation guide, published at Singapore FinTech Festival in November 2026.

      This initiative is designed for organisations that work at the intersection of tokenization and implementation. They include:

      • Financial institutions, banks, and infrastructure operators with operational experience in tokenization, settlement, or cross-border payments
      • Regulators, central banks, and finance ministries shaping the next wave of digital asset policy and financial infrastructure
      • Technology firms, clearing and settlement network operators, and multilateral organisations engaged in the design or deployment of tokenised financial systems

      Participants are named as contributors in the published implementation guide, which is distributed across GFTN's global network of central banks, financial institutions, and policymakers.

      How It Works

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      Interoperability and Infrastructure

      Fragmented infrastructure across ledgers, borders, and platforms.
       
      • Cross-border payment rails, interoperability standards and protocols
      • Tokenized collateral mobility
      • Digital identity and KYC
      • Settlement finality and risk
      • CBDC integration and coexistence
      • Open-source and shared infrastructure.
      Untitled design (37)
      Regulation, Trust and Governance
       
      Regulatory ambiguity and trust gaps constraining tokenization at scale.
       
      • Regulatory classification and legal certainty
      • AML/CFT and compliance
      • Liability and consumer protection
      • Data governance and privacy
      • Governance models for shared infrastructure
      • Cross-border regulatory coordination, and systemic risk and financial stability

      Participants are required to commit to a structured programme of development to produce a credible, actionable guide.

      Participants select their preferred track where they submit problem statements. These form the evidence base. Through in-person and virtual convenings, participants will develop implementation pathways across their respective tracks. The findings are reviewed and shaped by senior advisors from central banks, international financial institutions, and multilateral organisations before being published.

      Working groups convene virtually and in-person at GFTN’s signature convenings, including Point Zero Forum (Zurich, June 2026) and the Insights2040 Annual Meetings (Singapore, November 2026) to produce a consolidated implementation guide published at Singapore FinTech Festival in November 2026. Working group outputs are reviewed and guided at dedicated convenings by an informal Oversight Panel of senior public sector participants from central banks and regulatory bodies across multiple regions. Their participation is informal and conducted under Chatham House rules.

      Call for Participation

      Please complete the form below to register your interest in Tokenization in Finance: Evidence and Implementation Pathways Initiative. The Expression of Interest will be evaluated by the Global Finance and Technology Network (GFTN).