Company Law
Dail Éireann — 2026-06-16
============================================================

Peter Burke (FG), Longford-Westmeath

I thank Deputy Brennan for his question on a very important sector for the Irish economy. Tokenisation, the process whereby an underlying asset or pool of assets, tangible or intangible, is converted into digital tokens that act as its proxy, could fundamentally reform how capital markets operate, enabling real-time trades, increasing transparency and liquidity, expediting clearing and ultimately providing for atomic settlement.
As the Deputy is aware, the Minister for Finance, who has lead policy responsibility for this area, published a funds sector 2030 report in October 2024. The report, titled Funds Sector 2030: A Framework for Open, Resilient and Developing Markets, is a wide-ranging review of the funds and asset management sector. The report included a recommendation that the industry continue to engage with the Central Bank of Ireland and the Department of Finance, as necessary, "with a view to mapping out a pathway for adoption of tokenisation".
I am advised that the Department of Finance fully supports and encourages the work that industry has undertaken thus far to assess what can be done within the current legislative and regulatory frameworks. Officials from that Department are considering submissions from industry regarding proposed changes to the current legislative framework. This work is being done and led by that Department, and following this work my Department will examine any proposed legislative amendments to the Companies Act put forward by the Department of Finance, as is the current practice in the normal course of events. This is in tandem with other work involving negotiations by the Department of Finance as policy lead in this area, such as work at EU level involving financial services regulation. The Deputy may also be aware that, in line with recommendation 17 of the report, the Central Bank published a discussion paper on tokenisation last March, with submissions being invited by 5 June. I understand the intention now is for the Central Bank to publish a feedback statement following this consultation period.

---

Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted.

Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-16/debate/main
Retrieved: 2026-08-27T06:54:50+00:00
Sitting date: 2026-06-16