By moving settlement and ownership onto shared ledgers, tokenized assets are cutting post-trade delays and pushing legacy market systems to evolve. The pipes behind global markets are being rebuilt in real time, and tokenised assets are the wrench. These developments are already reshaping settlement and collateral, forcing firms to rethink how automated, cross-rail workflows are built. 23 Jul 2025: BNY Mellon and Goldman Sachs announced tokenised representations tied to money market fund shares. The shift is showing up less in trading screens and more in how settlement, collateral, and custody are being reworked.

Source: dna February 12, 2026 14:47 UTC