DFSA publishes tokenisation regulatory roadmap for financial assets

The DFSA has launched "Scaling Tokenisation: The Road Ahead", a comprehensive roadmap designed to support the development of a safe and effective tokenisation ecosystem in the financial services industry. Tokenisation represents a significant technological advancement that could transform how financial assets are created, traded, and settled. The roadmap outlines the DFSA's strategic approach to regulating tokenised assets and related services, ensuring that innovation is balanced with robust consumer and market protection. The document provides clarity on the regulatory framework applicable to tokenised financial assets, key principles and standards for tokenisation service providers, consumer protection measures, market integrity and systemic risk considerations, and international coordination and cooperation. The roadmap will be implemented in phases, with the DFSA working closely with regulated firms to ensure a smooth transition and to address emerging risks and challenges as the tokenisation ecosystem develops.