Digitalisation has been transforming financial infrastructures and payment systems over the past few decades, particularly through the dematerialisation of assets and the automation of procedures. As such, digitalisation in its broad understanding is not a new phenomenon; however, it is currently reaching a new turn with the development of distributed ledger technologies (DLTs).
We have observed a growing market interest in DLT-based payment systems, alongside the emergence of tokenised versions of tradable assets (i.e. digital representations of rights circulating on a DLT network in the form of tokens), such as security tokens.
