Discussion Paper 12 - Distributed Ledger Technology (DLT) & Tokenisation in Financial Services

---

Overview

Description

Central Bank of Ireland has launched a Discussion Paper to stimulate informed dialogue on the future role of DLT and tokenisation applications within the Irish and European financial services ecosystem and is seeking your feedback on a number of issues.

The Central Bank wants to understand stakeholders’ perspectives on how the integration of this technology in finance can be achieved in a way that ultimately benefits consumers of financial services and the broader economy.

These include:

• Seeking to further our understanding of DLT and its potential to transform the underlying infrastructure of finance and create new innovative financial services
• Assessing the opportunities, challenges, enablers and risks arising from these technological innovations and
• Ensuring that the use of DLT and tokenisation in financial services delivers the benefits of efficiency, transparency, and accessibility for the welfare of society as a whole.
  

Examining how tokenisation interacts with existing financial infrastructures, intermediaries, product offerings, legal frameworks, forms of money and settlement, and market practices is critical to ensuring that innovation supports and effects positive change, while maintaining monetary and financial stability, consumer protection and market integrity.

This discussion paper will serve as a platform for informed dialogue.  It forms part of our broader engagements on innovation and is one of a number of tools we will use to seek input and garner insights from stakeholders in the ecosystem.

Please note, submissions to the Discussion Paper will be accepted via our online form only.

View our online form.

The questions in the form are representative of those in the Discussion Paper – please ensure you have read the Discussion Paper before beginning your online submission.

Discussion Paper Document

DP12 - Distributed Ledger Technology & Tokenisation in Financial Services | pdf 1407 KB

---