Ralf Kubli

Medium post describing how tokenization will enable firms to unlock balance-sheet value and how non-financial firms may be major drivers of adoption.

Op-ed on tokenization standards and the risk that unstandardized approaches will simply digitize existing inefficiencies; calls for principled definitions and cash-flow standardization.

An opinion piece on the risks and necessary safeguards for tokenization of real-world assets; argues for standardization and careful design to avoid recreating legacy financial frictions.

Discusses Larry Fink’s comments on tokenization and argues that standardized, machine-readable smart financial contracts (e.g., ACTUS) are essential to realize the benefits of tokenized financial assets and avoid ‘dumb tokens’.

Explores how AI and ML can be applied to financial analysis, risk management and legacy core banking systems, arguing that first-principles finance and standardized, algorithmic representations of financial contracts are prerequisites for effective AI adoption.

Examines differences between tokenizing cash, debt, structured instruments and derivatives, and emphasizes the need for machine-executable definitions of cash flows and standardized smart financial contracts for successful tokenization.

Video interview on Nasdaq TradeTalks where Ralf discusses drivers and catalysts for broader adoption of tokenization and the industry challenges that need to be addressed.