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Yes, tokens do have real uses in finance

A thoughtful oped in the FT from Michael Roberts, chief executive of corporate and institutional banking at HSBC, about how tokens have so much power to reshape the financial ecosystem over the next decade and is already taking hold in areas including money, bonds, gold, funds, real estate and private equity.

“Digitally native” bonds are a good example of the benefits. While dealings in traditional bonds can take days to settle, the process is near-instant for tokenised bonds, reducing risk and...