Our articles are written by experts in their field and include individual barristers, solicitors, academics, judges, and leading firms in relevant areas of practice. JIBFL offers authoritative insights into global banking and financial law, providing essential updates for legal practitioners and policymakers. Covering key topics like lending, security interests, derivatives, debt capital markets, banking and finance related disputes, crypto, FinTech and financial regulation, JIBFL serves as a trusted resource for navigating complex legal challenges and staying informed in the financial sector. If you would like to contribute, please email Amanda.Cohen2@lexisnexis.com.
From Zeno to Novat: programmable finality in tokenised settlement
© Copyright LexisNexis 2026. All rights reserved.
The evolution of laws relating to financial settlement has long reflected an ongoing accommodation between legal and operational certainty. Tokenisation seeks to reconcile these dimensions, promising legally final and enforceable transfer alongside instantaneous, automated execution. The Novat Protocol is one example, introducing a programmable structure in which settlement obligations are expressed as transient digital instructions that are contractually stapled to underlying assets and extinguished upon registration of title. This article examines the legal character of that structure, focusing on stapling, extinguishment and negotiability.
If you are already a User, sign in
Or you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Alternatively you can subscribe here to read unlimited content.
