Settlement cycles measured in days hold back trillions of dollars in collateral and capital. Tokenization, programmable collateral and atomic settlement are compressing those cycles to seconds. Assets and cash change hands simultaneously, collateral moves where it’s needed in real time, and counterparty risk shrinks. Capital markets are where on-chain finance’s impact on the balance sheet is most measurable.
This session will bring together dealers, banks, market infrastructure providers and tokenization platforms running collateral and repo transactions on-chain. They’ll discuss tokenized collateral mobility across counterparties and venues, intraday and overnight repo, margin efficiency, and how smart contracts automate substitution, margin calls and settlement. 

Panelists will be pressed for the numbers: how much capital has been released, how much funding cost has been cut, and how much operational risk has been removed. They will also consider what it will take to scale beyond bilateral networks to market-wide adoption, and how real-time collateral will reshape liquidity, funding and the role of traditional intermediaries and other factors including: