TheBankBalanceModel

How tokenisation separates owning an asset from using it, and why that changes market infrastructure in 2026.

Nobody thinks the number in their banking app is cash in a vault. It is a record of an entitlement, and it moves instantly because of that. Securities have never worked that way. In October 2026 that changes for the infrastructure sitting behind most US securities transactions.

What DTCC launched, and what it does not cover
Why idle collateral is the commercial argument, not the technology
How extended trading hours force the same change
Three questions any business should be able to answer about its own exposure
The case against moving early, which most writing on this leaves out

Download the paper →Read in browser

Oct 2026

DTCC tokenisation service goes live

30+

Firms in the July production pilot

23/5

Trading hours approved for Nasdaq

$17tn

Foreign holdings of US equities driving demand

Where this leads

The three-question diagnostic, run properly against your own book.

The Tokenisation Readiness Review expands the paper's diagnostic into a working assessment of where your buffers, reconciliations and settlement dependencies actually sit.

Take the assessment →Ventures & Valuation