Tokenized Cash Management Advisory Group

The industry body for tokenized cash management

TCMAG brings together corporates, banks, regulated stablecoin issuers, asset managers, and ecosystem participants to define, test, and validate the standards that will underpin wallet-based treasury in the tokenized economy.

Supported By

A&O ShearmanAllUnityBarclaysBitGoDFNSDigital AssetFinmoGLEIFHSBCLloyds BankPartiorSAPSWIFTUbyxZandersZKsyncA&O ShearmanAllUnityBarclaysBitGoDFNSDigital AssetFinmoGLEIFHSBCLloyds BankPartiorSAPSWIFTUbyxZandersZKsync
Darsh Johal, Chair of TCMAG
The emergence of instruments like tokenized deposits, regulated stablecoins and tokenized money market funds gives us the opportunity to re-think corporate cash management structures. While the promise is great, we cannot only listen to vendors. The voice of the customer needs to drive developments in line with the realities of corporate treasury. That is why I am delighted to serve as the Chair of a new body that brings together practitioners and industry to drive developments in a practical way.
Darsh Johal
Chair, TCMAG

Why now

The decisions being made today will set the architecture for a decade.

Regulatory frameworks are forming. Pilots are becoming production. The institutions that are in the room now will have shaped what gets built — those that wait will inherit what others decided.

Who this is for

Built for institutions at the frontier.

Corporates

Access practical frameworks for managing tokenized cash across multi-bank, multi-currency treasury operations.

Banks

Shape the standards that will govern tokenized deposit interoperability and wallet-based settlement.

Regulated Stablecoin Issuers

Work alongside banks and corporates to validate how regulated digital money performs in real treasury workflows.

Asset Managers

Issuers and distributors of tokenized money market funds, connecting yield-bearing instruments to corporate treasury.

Ecosystem Participants

Engage directly with the institutions deploying tokenized money at scale.