Money on a Chain: From OMFIF--DMI Journal, March 2026 (The journey to move bank money on chain)

 

I am delighted to pass along the OMFIF's announcement of the publication of its DMI Journal, March 2026.

 

The journey to move bank money on chain

‘Tokenisation’ has been the word on everyone’s lips for a few years now. Referring to the representation of assets on blockchains, it promises instant, cheaper settlement, greater efficiency and improved liquidity management.

But while the process of tokenising assets is well underway, the market has yet to come to a consensus on the appropriate payment instrument. Reaping the full benefits of tokenisation requires a way to represent cash on chain. While stablecoins can fill this role, they are not yet fully accepted by institutional market participants and, since they represent a novel form of money, it requires some adjustment to get used to a new type of risk.

Bank money is a much more familiar payment instrument and banks, eager to protect their role in payments, are adapting to the challenges of bringing their own money onto the new generation of financial market infrastructure.

This edition of the Digital Monetary Institute Journal looks at the changing landscape of tokenisation and the potential for commercial bank money in particular to move on chain. Featuring contributions from banks, blockchain services providers and industry experts, it explores the opportunities, risks and challenges that come with this form of digital money.

Enter your details on the right to access the report.

This edition of the DMI journal includes key contributions from our members and partners including:

David Anderson, Circle 
Isadora Arredondo, Hedera 
Vivian Clavel Díaz, Minsait (Indra Group) 
Andrew Forson, DeFi Technologies 
Dom T. Ghazan, Global Trade Finance 
Nick Kerigan, Swift 
Ousmène Mandeng, Economics Advisory 
Lee McNabb, Natwest 
Wee Kee Toh, JP Morgan