Deloitte warns tokenized settlement will create a dangerous “blind spot” that makes market manipulation nearly impossible to stop

Deloitte's 2026 outlook highlights T+0 settlement, driven by tokenized securities and stablecoins, as a major market structure shift. While tokenization promises faster asset and cash movement, Deloitte experts Roy Ben-Hur and Meghan Burns caution that rapid settlement compresses the time available to detect errors, manage liquidity, and spot manipulation. The primary danger lies in efforts to streamline reporting, which could increase opacity, creating a "blind spot" where manipulation becomes nearly impossible to stop due to reduced visibility. The transition will likely begin with contained pilots, potentially leading to temporary coexistence of tokenized and conventional assets, raising questions about liquidity concentration and pricing. Deloitte stresses that while T+0 is the hinge for tokenization's mainstream adoption, firms must prioritize building better controls, improving auditability, and enhancing surveillance to mitigate these new risks.

(Source：CryptoSlate)