Tokenisation enthusiasts are frustrated. A technology capable of transforming the entire financial architecture of the world is reduced to searching for “use-cases” where it can mobilise or settle assets cheaper and faster than the status quo provided a “business case” can be made for making the investment. So the time was ripe for a restatement of the case for revolution.

Institutional asset and wealth managers and end-investors are increasingly active in the cryptocurrency markets. This is putting the banks that provide them with trade and post-trade services in the traditional markets under pressure to make it easy for buy-side institutions to access cryptocurrency markets, trade cryptocurrencies, settle cryptocurrency transactions and safekeep and service cryptocurrency assets in custody.