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Tokenization, DLT and the next phase of market infrastructure
In this episode of Inside Digital Assets, Host Lidia Kurt speaks with Roland Chai, President European Markets and Head of Digital Assets at Nasdaq.
The discussion focuses on how tokenized assets, distributed ledger technology and regulated market infrastructure are developing in capital markets. Rather than looking at tokenization only as a topic for individual digital assets, the conversation explores its potential role in post-trade processes, collateral management, asset servicing and the broader lifecycle of financial instruments.
In this episode, the discussion covers
Key themes
Tokenized assets and regulated markets
The episode discusses tokenized assets as digital representations of financial instruments on distributed ledger technology. A central point is that tokenization is not only about creating digital instruments, but also about the infrastructure required to trade, hold, transfer and service them safely in regulated markets.
Post-trade infrastructure and asset lifecycle
Roland Chai highlights the relevance of tokenization for post-trade processes, collateral, balance sheet securities and asset servicing. Programmable assets and smart contracts are discussed in the context of the full asset lifecycle.
European market fragmentation
The conversation also addresses fragmentation in European capital markets. Cross-border issuance, custody and market access can be complex and costly when infrastructure remains organised across different jurisdictions. Digital infrastructure could offer a way to rethink these processes within regulated frameworks.
Interoperability and standards
A recurring topic is the need to avoid new digital silos. Interoperability, fungibility and standardisation are presented as key conditions for scaling tokenized assets across wallets, custody environments, central securities depositories and networks.
From experimentation to implementation
The episode also discusses a shift in market dynamics: tokenization is moving beyond proofs of concept and into more practical implementation. At the same time, broader adoption depends on regulatory clarity, resilient market structures, legal certainty and continued education across institutional markets.
Summer break: Inside Digital Assets is going on a summer break. New episodes will be available again from September.
Subscribe to Inside Digital Assets and stay tuned for new episodes from September.
By BX Digital und SeturionTokenization, DLT and the next phase of market infrastructure
In this episode of Inside Digital Assets, Host Lidia Kurt speaks with Roland Chai, President European Markets and Head of Digital Assets at Nasdaq.
The discussion focuses on how tokenized assets, distributed ledger technology and regulated market infrastructure are developing in capital markets. Rather than looking at tokenization only as a topic for individual digital assets, the conversation explores its potential role in post-trade processes, collateral management, asset servicing and the broader lifecycle of financial instruments.
In this episode, the discussion covers
Key themes
Tokenized assets and regulated markets
The episode discusses tokenized assets as digital representations of financial instruments on distributed ledger technology. A central point is that tokenization is not only about creating digital instruments, but also about the infrastructure required to trade, hold, transfer and service them safely in regulated markets.
Post-trade infrastructure and asset lifecycle
Roland Chai highlights the relevance of tokenization for post-trade processes, collateral, balance sheet securities and asset servicing. Programmable assets and smart contracts are discussed in the context of the full asset lifecycle.
European market fragmentation
The conversation also addresses fragmentation in European capital markets. Cross-border issuance, custody and market access can be complex and costly when infrastructure remains organised across different jurisdictions. Digital infrastructure could offer a way to rethink these processes within regulated frameworks.
Interoperability and standards
A recurring topic is the need to avoid new digital silos. Interoperability, fungibility and standardisation are presented as key conditions for scaling tokenized assets across wallets, custody environments, central securities depositories and networks.
From experimentation to implementation
The episode also discusses a shift in market dynamics: tokenization is moving beyond proofs of concept and into more practical implementation. At the same time, broader adoption depends on regulatory clarity, resilient market structures, legal certainty and continued education across institutional markets.
Summer break: Inside Digital Assets is going on a summer break. New episodes will be available again from September.
Subscribe to Inside Digital Assets and stay tuned for new episodes from September.