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Article
Why Liquidity Risk Is Being Redefined by Digital Money
Digital money, tokenisation and 24/7 settlement systems are reshaping liquidity behaviour. This article examines how programmable cash and instant transfers are compressing stress timelines and challenging traditional liquidity buffers.
Feb 25, 2026
Sarbajit Chakraborty, Head of US Liquidity Policy, HSBC
Tags:
AI and Technology (including Fintech)
Market Risk
ALM, Treasury and Liquidity Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
• Digital money enables 24/7 fund movement.
• Stress events now unfold in hours, not days.
• Liquidity buffers must reflect real-time risk.
• Deposit concentration risk increases vulnerability.
• Tokenisation accelerates settlement cycles.
• Treasury frameworks require digital recalibration.
• Governance must adapt to faster liquidity shocks.
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