Deep Dive: Tokenisation represents 'paradigm shift' for asset management

'Transform the fund management industry'

Assets managers are already seeing the potential benefits of tokenisation to "transform the fund management industry", even though regulation lags behind current technology.

Marita McGinley, head of digital asset strategy at Schroders, explained that tokenisation, based on blockchain technology, could represent a "paradigm shift" for financial services. A blockchain is a digital ledger, recording transactions between a peer-to-peer network on a decentralised database. Through tokenisation, both underlying assets and their vehicle or wrapper could be 'tokenised', allowing them to be traded on-chain without the need for a centralised system. Calastone teams up with Schroders on tokenised investment vehicle project "These tokens represent ownership...