Composability

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Cash management - treasury - tokenisation - central bank digital currency (CBDC) - distributed ledger - platforms.

In the context of ledger platforms, composability is the ability to bundle multiple actions into a single executable package.


Composability and contingency
"Tokenisation – the process of recording claims on financial or real assets that exist on a traditional ledger on a programmable platform – introduces two important capabilities.
First, by dispensing with messaging and the reliance on account managers to update records, it provides greater scope for composability...
Second, it enables the contingent performance of actions through smart contracts, ie logical statements such as “if, then, or else”.


By combining composability and contingency, tokenisation makes the conditional performance of actions more readily attainable, even quite complex ones."
Bank for International Settlements (BIS) Annual Economic Report 2023, page 89.


See also


Other resource