by Jake ClaverHKIMR, token embedding, and digital settlement: tokenization moving into regulated markets
Here the focus is HKIMR, token embedding, and digital settlement, which show tokenization taking concrete institutional form. It is concrete and sourced rather than a broad assertion.
The Asset Is Moving Onchain
This material points to real-world assets being packaged for digital settlement or collateral use. Supporting material comes from the working paper PDF and the BIS CPMI tokenisation concepts report. HKIMR working papers page, a research document from the organizations involved, states it directly:
> 2021a), the cost of participating in consensus mechanisms (Biais et al., 2019; Cong et al., 2025), and redemption rights (Chod and Lyandres, 2023). 3.1 Dynamic Adoption and Valuation of Tokenized Platforms Token embedding is a key feature of the tokenized economy, whereby participation in a platform’s functions is mediated through its native digital asset. Ripple, OmiseGo and Ethereum are typical cases.
The Takeaway For Market Infrastructure
This strengthens the broader institutional payments and tokenization stack because tokenized assets can give an ecosystem a clearer role in capital markets, from issuance through settlement. The broader research trail also includes the BIS wholesale central bank money and technology report PDF and the BIS Project Agora page.
What The Source Shows
