Tokenised collateral is no longer being discussed only as a future-state concept. Firms are now asking what it will take to integrate it into live workflows, manage risk in practice and turn potential efficiency gains into measurable outcomes. 

What has to be in place before tokenised collateral can scale in production environments? How are firms balancing the commercial opportunity against the operational, regulatory and infrastructure realities of implementation?

This session brings together Adrian Dale of International Securities Lending Association (ISLA), Amy Caruso of International Swaps and Derivatives Association (ISDA), Steve Everett of International Securities Services Association (ISSA), Sophie Marnhier-Foy of Nasdaq and Barnaby Nelson of The ValueExchange to explore what the next phase of adoption could look like across collateral, automation and market structure.

The session, produced in partnership with Nasdaq, ISLA, ISDA and ISSA, highlights:

• What underpins the return on investment case, including the reported US dollar (USD) 360 million opportunity

• Why automation and process foundations need to be stronger before tokenisation can scale

• How sandbox environments are helping firms test legal, operational and technical models

• What regulators are doing to support more practical market adoption across jurisdictions

• Why 2026 may focus more on workflow integration than stand-alone experimentation