Tokenised money is becoming a key component of digital financial and the economic systems of the future. It allows payments to be integrated directly into digital processes, transactions to be processed automatically and new forms of economic interaction to be established. This goes beyond the functions of traditional forms of money and unlocks new potential for benefits and value creation.

Risk data aggregation and reporting have been a central topic in banking supervision for years – and are currently receiving more attention from the ECB than ever before. In this position paper we set out how a proportionate, risk-based and operationally sustainable implementation can be achieved.