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ARTICLE · 01 MARCH 2026

The Digital Fund: Tokenisation On The Regulatory Agenda

Matheson
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A recent Central Bank publication expresses the belief that — if enabled and deployed correctly — distributed ledger technology (“DLT”) and tokenisation can change the financial system for the better, including by helping the EU deliver on its objectives to integrate and deepen its financial markets.

IrelandFinance and Banking
Tara Doyle
Tara Doyle
Dualta Counihan
Dualta Counihan
Shay Lydon
Shay Lydon
Philip Lovegrove
Philip Lovegrove
Liam Collins
Liam Collins
Michelle Ridge
Michelle Ridge
Barry O'Connor
Barry O'Connor
Catriona Cole
Catriona Cole
Anthony Gaskin
Anthony Gaskin
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A recent Central Bank publication expresses the belief that — if enabled and deployed correctly — distributed ledger technology (“DLT”) and tokenisation can change the financial system for the better, including by helping the EU deliver on its objectives to integrate and deepen its financial markets.

The Central Bank of Ireland (“Central Bank”) has published Discussion Paper 12 (“DP12”) with the stated aim of stimulating informed dialogue on the future role of DLT and tokenisation applications within the Irish and European financial services ecosystem.

For fund managers, this paper is significant.  The Irish Department of Finance has already recommended developing a pathway to adoption of tokenisation in its Funds Review 2030, and the Central Bank is beginning to see a shift from conceptual conversations to tangible efforts to deploy tokenisation in funds.  The publication of  DP12 is a welcome development in signalling that the Central Bank is moving from observation to active

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