Tokenized Cash Management Advisory Group
Defining the Future of Corporate Treasury
An industry advisory group bringing together corporates, banks, regulated stablecoin issuers, and ecosystem participants to validate wallet-based treasury management with tokenized money.
Corporate Treasury is Overdue for Transformation
The world's largest companies maintain hundreds of bank accounts, spending millions annually on infrastructure built for the last century.
Today's Reality
- •500-1,200 bank accounts per Fortune 500 multinational
- •$5-15M annual cost for KYC, compliance, reconciliation, management
- •Cut-off times, settlement delays, liquidity buffers
- •Siloed banking relationships with no interoperability
The Wallet-Based Future
- •50-75 wallets replacing hundreds of bank accounts
- •Multi-asset capability — deposits, stablecoins, tokenized MMFs
- •Instant settlement, 24/7 operations, programmable transactions
- •Transparent audit trails, automated compliance
A Multi-Sided Ecosystem
TCMAG brings together the key constituencies whose alignment is essential for tokenized treasury management to succeed.
Corporates
The voice of the client. Fortune 500 treasurers validating that wallet-based treasury management solves real operational pain.
Banks
Tokenized deposit issuers building interoperable infrastructure. Making bank money programmable and competitive with stablecoins.
Regulated Stablecoin Issuers
Issuers of regulated, fully-backed stablecoins providing compliant digital cash instruments for corporate treasury operations.
Asset Managers
Tokenized money market fund providers enabling yield optimization and programmable liquidity management for corporate treasuries.
Industry Perspectives
Leading voices from across the financial ecosystem on the transformation of corporate treasury.
“The fungibility of tokenized deposits across different banks and platforms is critical for corporate treasurers. Without interoperability, tokenized deposits cannot compete with the universal accessibility of stablecoins.”
“We see the potential for radical simplification of treasury operations. The combination of tokenized money and AI-driven agents could fundamentally reshape how corporates manage liquidity across borders.”
“Wallets represent a second cash rail for corporates. The ability to hold multiple forms of tokenized money in a single wallet could dramatically reduce the complexity of global treasury operations.”
“We are moving toward 24/7 real-time global markets. Tokenized cash instruments are the foundation that enables continuous settlement, yield optimization, and programmable liquidity management.”
“TCMAG provides a platform for the financial services industry to collaborate on tokenized deposit innovation. This is exactly the kind of industry-wide initiative needed to maintain competitive positioning as a global financial center.”
“The integration between ERP/TMS systems and blockchain-based treasury infrastructure is key. Without seamless connectivity to existing enterprise systems, adoption by corporate treasurers will be limited.”
Shape the Future of Treasury
TCMAG is accepting new corporate members and sponsors. Join the group defining how the world's largest companies will manage cash.