Dáil Éireann Debate, Tuesday - 12 May 2026
469. Deputy Emer Currie asked the Tánaiste and Minister for Finance to outline his Departments plans to support tokenisation in the Irish investment industry to ensure Ireland remains an attractive location for international investment funds management; and to outline any necessary legislative changes being considered by his Department. [35232/26]
Amharc ar fhreagraTokenisation, the process whereby an underlying asset or pool of assets, tangible or intangible, is converted into digital “tokens” that act as its proxy – could fundamentally reform how capital markets operate, enabling real-time trades; increasing transparency and liquidity; expediting clearing and ultimately providing for atomic settlement.
The Funds Sector 2030 Report included a recommendation that industry should continue to engage with the Central Bank of Ireland and the Department of Finance, as necessary “with a view to mapping out a pathway for adoption of tokenisation”.
The Department fully support and encourage the work that industry has undertaken to assess what can be done within the current legislative and regulatory frameworks.
Officials from my Department are considering submissions from industry regarding proposed changes to the current legislative framework.
The Market Integration and Supervision Package, published by the European Commission in December 2025, included considerable reforms to the Distributed Ledger Technology Pilot Regime in a bid to encourage greater uptake and accelerate the technological transformation of capital markets. In the coming months, Ireland will engage in the negotiations on the legislative proposal.
In March this year, the Central Bank published a Discussion Paper on tokenisation. Submissions on the discussion paper are invited by the Central Bank by 5 June 2026. The Central Bank intends to publish a feedback statement following the consultation period. My officials will continue to engage closely with the Central Bank on the matter.
