Cross-Border Tokenisation and the Future of Global Markets
Tokenisation is moving beyond individual markets, with financial institutions exploring blockchain-based settlement across currencies and jurisdictions. BIS’s Project Agorá has demonstrated multi-currency settlement using tokenised central bank reserves and commercial bank deposits, while India is also preparing its first tokenised corporate bond issue. If assets can eventually be issued, traded, and settled across borders on compatible blockchain infrastructure, tokenisation could make global markets significantly more connected. Could cross-border tokenisation become one of blockchain’s biggest real-world use cases?
