Definition ∞ Tokenised money refers to a digital representation of traditional fiat currency or other monetary value issued on a blockchain or distributed ledger technology. This can include central bank digital currencies (CBDCs), stablecoins, or electronic money tokens. The tokenization process transforms conventional money into a programmable asset, enabling new forms of payments and financial applications. It combines the stability of fiat currency with the technological advantages of blockchain.
Context ∞ The concept of tokenised money is a prominent discussion point among central banks, financial institutions, and policymakers globally, particularly concerning the potential for CBDCs and stablecoin regulation. Debates center on the implications for monetary policy, financial stability, and privacy. Future developments anticipate the widespread adoption of various forms of tokenised money, potentially reshaping global payment systems and financial market infrastructures.
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