Irish Funds Welcomes Central Bank Discussion Paper on DLT and Tokenisation

Irish Funds welcomes the publication of the Central Bank of Ireland’s Discussion Paper 12: Distributed Ledger Technology (DLT) & Tokenisation in Financial Services. We believe it is an important step in advancing the conversation around how distributed ledger technology could support the future development of investment funds and financial markets.

Tokenisation is a strategic priority for Irish Funds, reflecting the significant potential to enhance efficiency, transparency and accessibility across the funds’ ecosystem.

The Irish investment industry is ideally placed to help deliver a citizen investment revolution as we already offer accessible investment options for savers in Ireland, Europe and around the world.

We appreciate the paper’s focused, substantive contribution, especially the MMF and ETF use cases that deepen the discussion on tokenised fund development within a solid regulatory framework.

The Irish Funds Digital Assets Working Group intends to respond to the discussion paper and looks forward to further engagement with the Central Bank and other stakeholders on the opportunities and challenges associated with tokenisation.

In parallel, Irish Funds is actively engaging with the Department of Finance Ireland to help ensure that Ireland’s legislative framework remains technology-neutral and supports the advancement of tokenised funds.

Read the Central Bank of Ireland's press release.