Tokenisation is supposed to be finance's next great unbundling: convert any real-world asset — a US Treasury, a slice of a Manhattan building, a private credit book — into a programmable token that settles in seconds, and the intermediaries that made markets slow, expensive, and exclusive simply fall away. By late 2025 the tokenised real-world asset market had passed $36 billion, led by Treasuries and private credit. The technology works. The question our report asks is a har

Inventor and U.S. Founding Father Benjamin Franklin has been featured on the obverse of the one-hundred-dollar bill (US$100) since 1914. For over half a century, the US dollar has reigned as the undisputed backbone of global finance, powering trade, anchoring reserves, and dictating the flow of capital across borders. But cracks are forming in this monetary order. From BRICS summits to African payment corridors, a quiet revolution is underway. Our report, De-Dollarization vi