The case for collateral tokenisation

How tokenisation is reshaping collateral mobility, efficiency and treasury performance

The case for collateral tokenisation webinar on
Wednesday, 4 February 2026
at 10:00 AM EST / 3:00 PM GMT / 4:00 PM CET

Our recent research into collateral tokenisation has examined how firms are assessing the use of tokenised assets within collateral management. The findings highlight confidence levels, perceived benefits, and the operational, legal, and market structure challenges that remain.

This webinar brings together experts to discuss the findings and answer your questions directly.

Join:

  • Adrian Dale, Head of Regulation and Market Practice, ISLA
  • Amy Caruso, Head of Collateral Initiatives, ISDA
  • Steve Everett, Chief Commercial Officer and Head of Post Trade Innovation, TMX Group (ISSA)
  • Sophie Marnhier-Foy, VP Product Strategy Head of Digital Asset Solutions, Nasdaq
  • Barnaby Nelson, Chief Executive Officer, The ValueExchange (moderator)


Date:
Wednesday, 4 February 2026
Time: 10:00 AM EST / 3:00 PM GMT / 4:00 PM CET

Date: February 4th, 2026

Time: 10:00 AM EST / 3:00 PM GMT / 4:00 PM CET

The case for collateral tokenisation - webinar

Tokenised collateral is gaining momentum across the industry.

During the session, Adrian Dale (ISLA), Amy Caruso (ISDA), Steve Everett (ISSA), Sophie Marnhier-Foy (Nasdaq), and Barnaby Nelson (The ValueExchange) discussed:

  • The USD 360 million ROI business case for tokenised collateral
  • Why automation foundations must come first
  • How sandbox environments are accelerating practical deployment
  • The growing regulatory momentum across the US and Europe
  • Why 2026 will focus on integration into live collateral workflows

Making the case for tokenised collateral

By 2026, 52% of global financial institutions expect to manage tokenised collateral, unlocking significant operational efficiencies and earnings potential.

Our report, "Making the Case for Tokenised Collateral," created in partnership with Nasdaq, explores:

  • USD 74 billion – the average collateral amount managed per firm
  • 25% collateral doesn’t earn anything – overnight not remunerated, or additional collateral for buffering
  • How tokenisation can reduce operational costs by 12% and improve collateral utilisation by 3%
  • How unlocking trapped capital with tokenisation can increase earnings up to USD 340 million for tier 1 firms
  • The legal, regulatory, and technological dependencies for adoption
  • The critical milestones ahead for tokenised collateral in 2026

Our latest research looks at one of the big themes of the day – digital money

Digital Assets and Digital Money in 2026 is a new benchmarking survey to help firms understand how their digital money plans compare with their peers.

This includes where and how stablecoins, tokenized deposits and other mechanisms play a role and why.

Where firms are along the adoption curve

  • Which use cases are being prioritised for 2026
  • How business cases are forming around liquidity, settlement and treasury
  • The risks, barriers, and regulatory factors influencing investment decisions

From operational friction to digital efficiency

Tokenised collateral is moving from theory to practice - and firms are now quantifying its impact on liquidity, operations and balance sheet efficiency:

  • Up to USD 74bn in collateral managed by the average firm across activities.
  • 25% of collateral is excess or not remunerated, costing over USD 2bn per year.
  • Operational processes account for up to 57% of total trade costs, with delivery issues across as many as 65 locations.
  • Firms over-post collateral by an average of 6% due to settlement uncertainty.
  • Tokenisation could cut fails by more than 13% and significantly reduce overnight funding costs.
  • USD 340m in annual savings expected for Tier 1 firms through improved mobilisation and reduced over-provisioning.
  • 52% of respondents plan to go live by 2026, reflecting accelerating adoption across collateral, repo, derivatives and treasury functions.

Transform our data into your strategy

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