A Deloitte report suggests that the move towards T+0 settlement, or same-day trade settlement, could significantly impact financial markets by 2026. The report highlights the potential for faster settlement to mainstream tokenized securities and stablecoins. Deloitte warns that while tokenization promises benefits like faster asset movement and clearer records, it could also create a "blind spot" that makes market manipulation nearly impossible to stop. According to Roy Ben-Hur and Meghan Burns at Deloitte & Touche LLP, initial experimentation via pilots is more likely than a full market shift. The report emphasizes that faster settlement increases pressure on liquidity, collateral, and error correction, potentially leading to operational failures and liquidity issues. The CFTC is exploring stablecoins and tokenized collateral, with early adoption expected in collateral workflows due to the benefits of instant settlement in liquid, dollar-linked assets.

A Deloitte report suggests that the move towards T+0 settlement, or same-day trade settlement, could significantly impact financial markets by 2026. The report highlights the potential for faster settlement to mainstream tokenized securities and stablecoins. Deloitte warns that while tokenization promises benefits like faster asset movement and clearer records, it could also create a "blind spot" that makes market manipulation nearly impossible to stop. According to Roy Ben-Hur and Meghan Burns at Deloitte & Touche LLP, initial experimentation via pilots is more likely than a full market shift. The report emphasizes that faster settlement increases pressure on liquidity, collateral, and error correction, potentially leading to operational failures and liquidity issues. The CFTC is exploring stablecoins and tokenized collateral, with early adoption expected in collateral workflows due to the benefits of instant settlement in liquid, dollar-linked assets.