# Tokenized Cash Management Advisory Group Publishes the Scope of Its Work Program

- Link: https://www.thailand-business-news.com/pr-news/tokenized-cash-management-advisory-group-publishes-the-scope-of-its-work-program
- Published: 2026-06-10T15:30:00+07:00
- Author: PR Newswire

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_The practitioner-led group sets out the use cases, participants, and capabilities
required to take tokenized cash management from pilots into production._

LONDON and NEW YORK, June 10, 2026 /PRNewswire/ — The Tokenized Cash Management 
Advisory Group (TCMAG) today published the scope of its work program: the priority
use cases, the participants required to deliver them, and the capabilities each 
must provide to move tokenized cash management beyond pilots and into production.

 [⌊TCMAG - tokenized money use cases⌉](https://mmx.prnasia.com/media/MS1860583/TCMAG_-_tokenized_money_use_cases.jpg?id=OA2695178&p=medium600)

TCMAG – tokenized money use cases

TCMAG was formed as a group of corporate treasury practitioners to guide the adoption
of tokenization in cash management. In April it published twelve core principles
for digital money. The work program published today is the next step, translating
those principles into a concrete agenda built around the requirements of the corporate
treasurer.

Darsh Johal, Chair of TCMAG, said, "The success of tokenized cash management depends
on a diverse group of players weaving their capabilities into an integrated whole.
By defining that scope now, we give the industry the opportunity to hit the mark
as an alternative to a series of stand-alone pilots. Our twelve principles have 
set the standard and outlined the requirements for corporate treasurers. The work
program we are publishing today turns this into a shared agenda that the whole industry
can build against."

**The priority use casesThe work program is organized around the everyday workflows
of the corporate treasurer:

 1. **Tokenized Money Vendor Payments.** A corporate pays a vendor in tokenized money
    from its ERP; the payment is converted back to fiat and credited to the receiving
    corporate.
 2. **Tokenized Money Receipts.** A corporate receives tokenized money from different
    issuers and chains; each is converted to cash and credited at par value.
 3. **Inter-Company Sweeping.** A corporate HQ uses its treasury management system (
    TMS) to sweep excess tokenized balances from subsidiaries into a central wallet.
 4. **Subscription and Redemption into Tokenized Money Market Funds.** Excess balances
    are deployed 24/7 into tokenized MMFs to optimize yield on idle liquidity.
 5. **Interoperability of Tokenized Money.** Instruments from different issuers and
    chains are made fungible through redemption at par into cash, letting a corporate
    receive one instrument and pay in another.
 6. **Agentic Payment.** A corporate AI agent initiates and settles payments on-chain
    within pre-defined spending mandates, without human approval at execution.

**The participants and capabilities requiredThe use cases depend on co-ordination
of participants. The program defines the capabilities each must provide:

 ◦ **Wallet and custody providers:** multi-chain wallets and segregated custody 
   per corporate.
 ◦ **Issuers:** issuance across multiple chains, with programmable token controls.
 ◦ **Chains:** connection to wallets and settlement venues, with privacy and performance
   where required.
 ◦ **Instruments:** tokenized deposits, stablecoins, and tokenized MMFs.
 ◦ **ERP and TMS platforms:** connectivity to wallets and chains, on-chain instruction
   and sweeps, and real-time reconciliation.
 ◦ **Messaging platforms:** standardized formats bridging traditional rails such
   as SWIFT and blockchain-native layers.
 ◦ **Banks and custodians:** issuance or distribution of tokenized money, and on/
   off-ramps between fiat and tokenized instruments.
 ◦ **Identity providers:** reusable digital identity, with KYC and AML credentials
   recognized across issuers and chains.
 ◦ **Corporates:** connectivity to wallets and issuers, and participation in end-
   to-end demonstrations.
 ◦ **Clearing and settlement platforms:** minting, redemption, and conversion of
   tokens and cash at par value, 24/7 and in near real time.

Each use case will be assessed against TCMAG’s twelve principles, so that compliance,
settlement finality, and operational resilience are built in from the start.

**A call to actionFor treasury practitioners. Corporate treasurers are invited to
join, to bring their real-world requirements, and to shape the use cases so that
what the industry builds reflects how treasury operates.

**For the wider ecosystem. **The work program calls on each of the participants 
set out above – chains, issuers, wallet providers and custodians, banks, identity
providers, and ERP and TMS platforms – to step forward and commit the capabilities
described.

TCMAG will continue to develop the work program with practitioners and solution 
providers, and welcomes participants across the ecosystem to help co-create the 
future of tokenized corporate treasury.

**Notes to Editors:About TCMAG: The Tokenized Cash Management Advisory Group is 
a neutral and independent group of treasury practitioners who wish to positively
influence the adoption of new forms of digital money in line with corporate treasury
requirements. For more information please visit tcmag.org.

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