The Tokenized Cash Management Advisory Group (TCMAG) has officially launched its programme to define and validate the future of corporate treasury management using tokenized money.
Why TCMAG
Fortune 500 multinationals today maintain 500 to 1,200 bank accounts globally, spending $5-15 million annually on account maintenance, KYC, compliance, and reconciliation. This infrastructure was built for an era of paper and batch processing.
Wallet-based treasury management offers a radical alternative: the potential to consolidate hundreds of bank accounts into 50-75 digital wallets capable of holding multiple forms of tokenized money — tokenized deposits, regulated stablecoins, and tokenized money market funds.
The Programme
TCMAG brings together up to 18 members across key categories:
- Corporates — the voice of the client, validating real treasury needs
- Banks — tokenized deposit issuers building interoperable infrastructure
- Regulated Stablecoin Issuers — providing compliant digital cash instruments
- Asset Managers — tokenized money market fund providers enabling yield optimization
Over four phases — Definition, Deployment, Advanced Operations, and Evaluation — participants will scope, build, test, and assess wallet-based treasury operations under realistic conditions.
Principles
TCMAG is bank-agnostic, chain-agnostic, token-agnostic, and vendor-agnostic. All recommendations are advisory and non-binding. The group operates under strict confidentiality.
What's Next
The first virtual meeting is scheduled for late February 2026, with working groups forming around specific blockchain execution tracks.
Inquiries: info@tcmag.org