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Episode 63: Unlocking the Potential of Token Technology for Banks | Token Adoption by Banks

2Tokens Podcast

English - February 28, 2023 14:24 - 24 minutes - 17.3 MB
Investing Business tokens tokenization finance blockchain crypto digital Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed


In this podcast, Claudia Terpstra explains The Real Time Money Markets Liquidity Platform Ubermorgen for Rabobank, and Martijn Siebrand elaborates on the tokenized assets for ABN AMRO.
Claudia explains that what Rabobank is trying to achieve is real time settlement for commercial paper. Commercial paper is a short term debt instrument that is traded on the financial markets. In the podcast she explains how they have been working on this since 2018, when it was still too complicated to achieve. The solution was a hybrid concept where blockchain is used to distribute data, so settlement times can be increased for this particular financial instrument. In short this means that trade dates could be taken down from 2 days to approximately 30 minutes.
Martijn goes into the shift from centralized finance to decentralized finance. Currently, ABN AMRO is focusing on tokenized securities. Tokenized assets are real world assets, tangible or intangible becoming digitized, converted into tokens and stored on the blockchain. Tokenized assets could have multiple benefits, such as instant settlement and better readability.

Listen to the rest of the podcast for a more in-depth explanation about the concept of Ubermorgen and tokenized assets.

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