The end of client accounts: how tokenisation and AI are forcing a new legal infrastructure

Written by John Bertrand , Director at On Demand Payment Technologies Introduction The Solicitors Regulation Authority (SRA) stands at a historic crossroads, as does the broader financial services sector. The International Monetary Fund has described the arrival of tokenisation as “a fundamental reconfiguration of the financial system” , and the Bank of England’s Stablecoin Consultation is monitoring the emergence of self-custody for digital wallets as an alternative to traditional financial intermediation...