Digital assets continue to attract significant attention, and some Corporate Treasury units are beginning to leverage the benefits of what this new technology can bring. This masterclass focuses on separating signal from noise, examining real-world treasury use cases, key risks, and the control frameworks required to take this technology into the future. Based on Citi’s global rollout of Citi Token Services over the last year and half and the client experience and feedback, we will explore what “next phase” looks like for the finance community. Topics include how tokenisation and on chain settlement can reshape liquidity management, payments, and intraday liquidity; how treasurers should think about operating models and governance; and what capabilities need to be developed today to remain future ready.