Can Tokenisation Save the Financial System Before It Breaks?
Global financial stress is often framed as a debt problem, but that misses the point.
Can Tokenisation Save the Financial System Before It Breaks?
Global financial stress is often framed as a debt problem, but that misses the point. The system isn’t primarily constrained by borrowing; it’s constrained by the availability of usable collateral that can support lending, market-making, and risk transfer. “So really, this isn’t just a debt problem - it’s a shortage of the ‘stuff’ banks need to safely lend and trade, which keeps making it harder for money to flow.”
The question, then, is whether turning assets into digital tokens and moving to a single shared ledger can quickly increase the amount of usable collateral, giving the system enough breathing room before these limits start to choke it.
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00:00
00:50 What Is Actually Breaking in the Current System
01:54 Why Sovereign Debt Is No Longer Sufficient
02:53 A Different Kind of QE
05:27 The Proposed Fix
07:30 Real Assets and the Limits of the Old System
09:19 Institutional Evidence
10:16 Their Race Against Time
11:08 Conclusion
Miles Harris
18.12.25
#milesharris
