DIGITAL MONEY AND TOKENIZED ASSETS

Programmable Money

Digital currency—whether a stablecoin, tokenized deposit, or CBDC—embedded with conditional logic via smart contracts, enabling automatic execution of payments or transfers when specified conditions are met.

EXAMPLE

With programmable money, a corporate treasury can instruct a stablecoin to automatically fund a supplier invoice upon confirmed delivery, without manual approval.

Relevant Roles and Functions

On-chain Role
Head of Stablecoin and Digital Money Strategy
Function
CBDC Interoperability
Institutional Payment Rails
Real-time Settlement
Stablecoin Issuance + Integration
Tokenized Deposits
TradFi Equivalent
Deposit Products
Payments
Treasury

Related Terms

Stablecoin

A digital token designed to maintain a stable value, typically pegged 1:1 to a fiat currency and backed by reserve assets or algorithmic mechanisms. Unlike tokenized deposits, stablecoins are generally issued outside the regulated banking system.

Example

Circle's USDC stablecoin settled over $400B in adjusted on-chain transactions in 2025, increasingly used by institutions for treasury and cross-border payments.

Tokenized Deposit

A bank-issued, blockchain-based representation of a commercial bank deposit that moves on distributed ledger infrastructure while remaining a liability of the issuing bank—distinct from a stablecoin, which is typically issued by a non-bank entity.

Example

Citi's tokenized deposit pilot allows corporate clients to move cash between subsidiaries in real time on a permissioned ledger, with the same credit standing as a traditional deposit.

Smart Contract

Self-executing code deployed on a blockchain that automatically enforces and carries out the terms of an agreement when predefined conditions are met—without requiring an intermediary to oversee performance.

Example

A smart contract can automatically release collateral when a loan is repaid, eliminating manual processing and reducing operational risk.

Agentic Finance

The use of autonomous AI agents—capable of interpreting intent, evaluating market conditions, and executing multi-step financial operations—within on-chain environments. Agentic systems go beyond rule-based automation by exercising judgment within defined guardrails.

Example

An agentic treasury system at a global bank monitors real-time on-chain liquidity, automatically rebalancing stablecoin positions across chains based on yield and risk parameters set by human operators.