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Replatforming finance: From digital money to tokenised markets

blockchain abstract
Replatforming finance: From digital money to tokenised markets

The financial system is at a tipping point. Public blockchains, regulated digital money, and tokenised assets are converging to redefine how value moves, settles, and is stored.

What began as a crypto-native experiment is now shaping institutional finance. It is enabling instant settlement, programmable capital markets, and new levels of efficiency across all financial value chains.

For banks, asset managers, and regulated infrastructure players, the question is no longer if but how to act. 

Our strategic lens: The three waves of adoption

We see blockchain adoption in financial services evolving in three distinct waves:

Crypto assets

A new asset class emerged through retail-driven cryptocurrencies, ETFs, and decentralised finance.

Digital money

On-chain money such as stablecoins, tokenised deposits, and CBDCs are making settlement faster, cheaper, and programmable.

Tokenised capital markets

The most transformative wave, where money and securities are operated on the same interoperable rails. This enables atomic delivery-versus-payment (DvP) and real-time, global settlement.

Zühlke supports and guides clients strategically across all three waves. Today, we’re driving stablecoin-based flows while preparing institutions for the tokenised capital markets of tomorrow.

Whitepaper

Digital money in tokenised markets – navigating global headwinds

Our new whitepaper, developed with the Global Finance & Technology Network (GFTN), explores how stablecoins, CBDCs, and tokenised deposits are reshaping global finance. It highlights the opportunities of integrating digital money into capital markets and the geopolitical race to set the rules. We examine the critical priorities for institutions: building resilience and achieving regulatory clarity. Discover why the next phase of finance will be programmable, connected, and contested.

Get the whitepaper

Shaping the future of digital assets through innovation

See how pioneering financial institutions are building trusted digital platforms, enhancing customer experiences, and fostering adoption of the digital assets at scale.

Experience design

Sygnum - Empowering to invest in the digital asset economy with a seamless customer experience

Read more
digital assets
Experience design

Easy access to DeFi investments

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BigData Abstract Blocks Concept
Experience design

Swiss Stablecoin: Creating a widely accessible Swiss digital payment method

Read more
Explore more case studies

Our partner ecosystem

We work with best-in-class providers to accelerate time-to-market and reduce risk.

21X

The first regulated trading and settlement infrastructure for digital assets.

Learn more
logo 21XLearn more

Ubyx

Stablecoin clearing infrastructure for banks and stablecoin issuers.

Learn more
ubyx logoLearn more

Gain digital money insights from our people, partners and peers

Explore our latest research, insights, and perspectives on the most important trends and opportunities in the Digital Money space.

Institutional DeFi: Navigating the Landscape

IT, programmer and coding by a woman in office at night, inspired worker planning, thinking and busy with online project. Face, black woman and programming for blockchain.

Permissionless Blockchain in Financial Services

The future belongs to those who prepare today – readying for tokenised money

Read our whitepaper, based on insights from a roundtable discussion at the Insights Forum in Singapore in November 2024.

Get the whitepaper

Podcast: Bitcoin, Fiat & Rock’n’Roll

Listen to the episodes and learn more about latest trends in digital money and assets.

Tune in

Meet the team

  • Stefan Grasmann

    Stefan Grasmann

    Group Head of Thought Leadership & Chief of BlockchainLinkedIn Profile of Stefan Grasmann
  • Stefan Hirzel, Head of Banking, Zühlke Switzerland

    Stefan Hirzel

    Managing Director Banking SwitzerlandLinkedIn Profile of Stefan Hirzel
  • portrait photo of Nicola Plain, Principal Business Consultant Digital Assets at Zühlke

    Nicola Plain

    Principal Business Consultant Digital AssetsLinkedIn Profile of Nicola Plain

Ready to explore the future of digital money and Web3 in banking?

Reach out to our banking team and start the conversation.

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