Regulation· ★★★· neutral·

Irish central bank chief: fund tokenization needs tokenized money and risk controls

  • —Makhlouf: tokenizing assets alone is not enough — money must be tokenized too
  • —Eurosystem launched Pontes on Sept. 21, full rollout targeted for 2028
  • —Tokenization risks cited: cybersecurity, custody, legal certainty, governance
  • —Irish central bank to consult on fund governance changes in early 2027
Why it matters: An EU regulator signaling that fund tokenization must be paired with central bank digital money sets the framework for European RWA projects.
Source: TokenPost