The Future of Finance Tokenisation Event 2024

Future of Finance
Oct 15, 2024
7 min read

Updated: Apr 30

The Future of Finance Tokenisation Event 2024 Banner

Tokenisation of securities and funds is going to happen. How will you and your organisation survive it?

The potential gains from the tokenisation of securities and funds are immense. Governments and corporates would pay less for equity and debt capital. Investors would enjoy higher returns on portfolios that cost less to create and maintain. Asset managers would distribute more profitable individualised savings products to wider audiences at lower costs. Economies would invest more and grow faster. Yet token markets remain stubbornly small even by comparison with the cryptocurrency markets and infinitesimal by comparison with the existing bond, equity and mutual fund markets. So what stands between the status quo and a more prosperous future? The answer is obstructive incumbents, timid issuers and investors, entitled asset managers, cautious regulators, vacillating central banks, leisurely legislators and sectarian blockchain evangelicals. The inaugural Future of Finance Tokenisation Event will assess the current state of the token markets, analyse the current obstacles to growth, explain the many benefits and opportunities that will flow from tokenisation markets as they scale, and itemise the threats that fully realised and liquid token markets pose to incumbents.

Join Future of Finance at their inaugural Tokenisation Event

Event Details

Venue: The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN

Date: October 15 2024, 9.00 am

Audience: This event is closed and mainly for the Investment Community: Asset Managers; Hedge Funds; Wealth Managers and related industry players

The Future of Finance ‘Tokenisation’ one day event will explore these topics, in addition we will publish a summary of the event 2024

The Panels and Agenda

08.45 to 09.20 – Registrations – Refreshments and Networking

09.15 – Opening Address by Future of Finance – Wendy Gallagher

09.15 to 09.20 – Address by Gold Sponsor Ownera

09.20 to 09.35 – Keynote Address by Nadine Chakar – Global Head of DTCC Digital Assets

09.35 to 09.40 – Editorial Address by Future of Finance – Dominic Hobson

09.45 to 10.45: The current condition of the global markets in tokenised securities and funds (45 minutes)

1st Panel

What the data available says about issuance and trading activity
The types of assets being tokenised and why
The status of tokenisation technologies (consensus mechanisms, tokenisation engines, interoperability routers and protocols, smart tokens, safe custody techniques)
The evolution of the token market infrastructure (digital asset exchanges, clearing houses and custodians)
The level of engagement by the buy-side
The underlying secular forces that are driving tokenisation

Confirmed Panellists:

Natasha Benson – Chief Operating Officer at Ownera

Stefano Dallavalle – Head of Product – Digital Assets at R3

Bruce Jackson – Chief of Digital Asset Funds and Business at Apex

Sean Mullins – Head of Digital Asset Product Execution and Digital Assets and Financial Markets at Northern Trust

Stephen Whyman – Head of Debt Capital Markets, EMEA at Fidelity International

Sara Hall – Partner at Walkers

Moderated by Dominic Hobson – Co-Founder and Editorial Director at Future of Finance

10.45 to 11.30 – Coffee and Networking

11.30 to 12.30: Whether securities and funds token markets can grow without genuine digital money on-chain (45 minutes)

2nd Panel

The costs of the absence of digital money
The shortcomings of e-money
Has cryptocurrency definitively failed as a form of digital money?
Are Stablecoins a stop-gap solution or a durable innovation?
What is holding up the issue of tokenised deposits?
Is a US dollar, euro or sterling CBDC imminent?
The pros and cons of programmable money
What is the eventual architecture of digital money likely to be?

Confirmed Panellists:

Damien Fontanille – Business Development at SG Forge

Jason Webb – Director of Web 3 at SS&C

Ben Brophy – Head of Blockchain at Fidelity International

Daniel Coheur – Co-Founder and Chief Commercial Officer at Tokeny

Moderated by Dominic Hobson – Co-Founder and Editorial Director at Future of Finance

12.30 to 13.45 – Lunch and Networking

13.45 to 14.45: Reasons other than lack of digital money that explain why tokenised securities and funds have failed to scale (45 minutes)

3rd Panel

The obstacles to network effects taking hold
Why are so few established banks and asset managers and stock exchanges taking tokenisation seriously?
Why incumbents are condemned to discount the future
Is the focus on tokenising privately managed and real-world assets sensible?
Do we know enough already to stop doing Proofs of Concept and Pilot Tests and Regulatory Sandboxes?
Is lack of legal and regulatory clarity a genuine barrier to tokenisation or an excuse for inaction?
Is the buy-side over-valuing intermediaries?
Have the cryptocurrency markets made it harder to get institutions to engage?
Should governments issue bonds on to blockchain networks?

Confirmed Panellists:

Soren Mortensen – Director Global Financial Markets at IBM

Muneeb Shah – Head of Digital Assets- Tech Consulting, UKFS at EY

Keith O’Callaghan – CEO of Archax Capital

Valerie Gilles – Chief Commercial Officer and Partner at Iznes

Jochen Metzger – Global Head of Markets at NowCM Group, CEO at NowCM France

Kushal Balluck – Senior Manager Digital Securities Sandbox & Post Trade Innovation at the Bank of England

Moderated by Noelle Acheson

14.45 to 15.45: How a common platform or unified ledger could unleash network effects in the token markets (45 minutes)

4th Panel

The excessive costs of enabling the siloed money and capital markets of the status quo to inter-operate
Have blockchain protocols reproduced the “walled gardens” of existing markets?
How networks of networks create network effects
What is being done to realise the vision of the BIS (Single Programmable Platform} and the IMF (X-C)?
Why can’t Ethereum do the job?
Would inter-operating links be as effective as a common platform?
Do standards have any part to play in generating network effects?
Is a public blockchain infrastructure initiative needed to correct a market failure?
The Worldwide Web as a model: Do the token markets need the equivalent of the TCP/IP or SMTP protocol?
Are an ICO and a DAO plausible models for funding and governing a public blockchain infrastructure?

Confirmed Panellists:

Ami Ben-David – Founder and CEO at Ownera

Edward Glyn – Managing Director, Head of Global Markets at Calastone

Emma Landriault – Vice President Incubation and Architecture – Solution Development Onyx Coin System at J.P.Morgan

Lisa McClory – Digital Technologies Lead at D2 Legal Technology

Jørgen Ouaknine – Global Head of Innovation & Digital Assets at Euroclear

Austen Appleby – Senior Product Manager at R3

Moderated by Dominic Hobson – Co-Founder and Editorial Director at Future of Finance

15.45 to 16.30 – Coffee and Networking

16.30 to 17.30: Why the benefits of tokenisation depend on the issuance of “native” rather than “asset-backed” digital assets (45 minutes)

5th Panel

The questionable value of “asset-backed” tokens as a transitional tool
The discreditable reasons why most token issues are “asset-backed”
The boundless power of “native” tokens to express stocks and flows of any kind
Automation of asset-servicing through token flows
Elimination of reconciliation processes and proprietary technology systems
Transformation of intermediary service roles
The impact of “native” tokenisation on the manufacturing and distribution of asset management products
The benefits for issuers, especially in terms of the cost of capital
The benefits for investors in terms of risk and reward

Confirmed Panellists:

Anthony Woolley – Head of Business Development & Marketing at Ownera

Ian Hunt – Author and Advisor

Emma Lovett – Executive Director; Markets DLT – Credit Lead at JP Morgan

Vic Arulchandran – Director and Head of Digital Product and Market Design at Deutsche Boerse

Stephen McConville – Head of Structuring at Hedgehog

Moderated by Dominic Hobson – Co-Founder and Editorial Director at Future of Finance

17.30 to 18.30: What tokenisation will enable the financial markets to deliver which they cannot provide today (45 minutes)

6th Panel

A lower cost of capital for issuers (both governments and corporates)
More efficient asset/liability matching
Easier access to equity and debt capital for SMEs
Reduced operational costs
Lower collateral and capital costs
Individualisation of investment portfolios
A transition in asset management from risk adjusted market returns to outcome-based investing, and the capital implications for asset managers
Wealthier retirements thanks to higher returns and lower intermediation and transactions costs
Ready access by retail investors to alternative investment strategies
Wider distribution of asset management products

Confirmed Panellists:

Romin Dabir – Partner Financial Services Regulatory at Reed Smith

Gary O’Brien – Global Head of Banks and Broker segment Strategy at BNP Paribas

Yvonne Deane Harte – Director of Secondary Markets and Post Trade Policy at UK Finance

Ralf Kubli – Board Member at Casper Network

Breige Tinnelly – Head of Market Development at Archax

18.00 to 18.30 – Closing Address

18.30 to 19.30 – Cocktail Reception

Confirmed Speakers

Speaker Profiles

Nadine Chakar Global Head of DTCC Digital Assets	Soren Mortensen Director Global Financial Markets at IBM	Ami Ben David Founder and CEO at Ownera
Emma Lovett Executive Director; Markets DLT at JP Morgan	Bruce Jackson Chief of Digital Asset Funds and Business	Emma Landriault VP Incubation and Architecture – Onyx Coin
Anthony Woolley Head of Business Development & Marketing	Romin Dabir Partner, Financial Services Regulatory	Muneeb Shah Head of Digital Assets Technology consulting
Stephen Whyman Head of Debt Capital Markets, EMEA	Jørgen Ouaknine Global Head of innovation and Digital Assets	Jason Webb Director of Web 3
Yvonne Deane Harte Director of Secondary Markets & Post Trade	Lisa McClory Digital Technologies Lead at D2 Legal Technology	Edward Glyn Managing Director, Head of Global Markets
Keith O’Callaghan CEO of Archax Capital	Ralf Kubli Board Member at Casper Network	Valérie Gilles Chief Commercial Officer and Partner
Damien Fontanille Business Development	Sara Hall Partner at Walkers	Stefano Dallavalle Head of Product – Digital Assets
Dr. Vic Arulchandran Head of Digital Product and Market Design	Gary O’Brien Global Head of Banks and Broker Segment Strategy	Jochen Metzger Global Head of Markets at NowCM Group, CEO at NowCM France
Ben Brophy Head of Blockchain	Sean Mullins Head of Digital Asset Product Execution – Digital Assets and Financial Markets	Breige Tinnelly Head of Market Development
Daniel Coheur Co-Founder and Chief Commercial Officer	Austen Appleby Senior Product Manager	Ian Hunt Industry Advisor and Author
Kushal Balluck Senior Manager Digital Securities Sandbox & Post Trade Innovation	Stephen McConville Head of Structuring at Hedgehog	Natasha Benson Chief Operating Officer at Ownera