With the rise of cryptocurrencies, tokenisation – defined as the representation of traditional assets on distributed ledger technology – has been brought to the fore of the debate around the digital disruption of capital markets. There are potential benefits to tokenising assets, such as securities or illiquid assets, including greater liquidity, accessibility, transparency and faster and cheaper transactions. However there remain concerns regarding regulatory alignment, compliance and security. This panel discusses the business case for decentralised finance and tokenisation beyond digital currency. It will explore DLT applications to assets and financial infrastructure and address the potential benefits and challenges of a token economy.