274: How Tokenized Cash Is Modernizing Money, Markets and Investing

This episode of The Bid explains what tokenized cash is and why it is moving from concept toward real-world use. Host Oscar Pulido speaks with BlackRock's Beccy Milchem about the differences between cryptocurrencies, stablecoins, tokenized deposits and tokenized money market funds. The conversation also covers how tokenization could affect settlement, cross-border payments, programmable transactions and working capital.

1. The episode distinguishes cryptocurrencies, stablecoins, tokenized deposits and tokenized money market funds.
2. It explains how tokenization could modernize capital markets infrastructure through faster settlement, around-the-clock cross-border payments and programmable transactions.
3. It discusses how digital wallets could evolve as more traditional assets become tokenized, and why cash is playing an early role.
4. It says regulation, interoperability and broader adoption could determine the pace at which tokenized finance develops.