Deloitte: Tokenized Settlements Create Blind Spot Enabling Market Manipulation

Adopting T+0 settlement will reshape finance like instant delivery altered retail, tightening liquidity, collateral and controls. The 2026 outlook expects stablecoin and tokenized collateral for margin, with regulators using pilots to accelerate tokenization, creating efficiency and competition but raising operational, liquidity and transparency risks that require audit, surveillance and cybersecurity.