Will tokenized trade assets truly transform global commerce? This session examines how real pilots and emerging digital trade instruments are reshaping market readiness, unlocking new efficiencies and revealing barriers to scale. Panelists will assess operational, regulatory and interoperability challenges that must be addressed for tokenized trade to achieve meaningful adoption. 

As digital assets proliferate, the industry faces a core question: Will settlement converge on one trusted asset or diversify across multiple forms of money? With interest growing in central bank digital currencies, tokenised deposits and regulated stablecoins, global markets must prepare for multi‑asset settlement environments. This session examines trade‑offs in liquidity, risk and interoperability, drawing on insights from regulators, FMIs, and global interoperability trials. Panelists will outline what a multi‑asset settlement world means for capital markets, and how institutions can prepare for coexisting digital and traditional settlement rails. 

Tokenization is front of mind for financial services executives as they look for future growth and efficiency gains. But the size and speed of new value streams remain uncertain – as are the use cases that will generate them. In this session, leading players will share their insights on where they’re seeing traction now and where they think value will be created in the medium and longer term. What lessons do the growth of stablecoins, tokenized treasuries and tokenized funds offer around achieving product-market fit? And what are the prospects for unlocking potentially transformative use cases such as tokenizing private market assets?