Industry Initiative
Tokenized Cash Management Advisory Group
Convened by Ubyx, TCMAG brings together corporate treasurers from the world's leading companies to shape the future of tokenized cash management.
Where corporate treasurers define the future of digital money
TCMAG is an industry advisory group convened by Ubyx and chaired by Darsh Johal, former Global Head of Cash Management at Shell. It brings together senior treasury professionals from multinational corporations to identify requirements and set standards for tokenized cash management.
The group meets monthly under Chatham House Rules, ensuring candid discussion of practical treasury challenges, regulatory requirements, and infrastructure needs. Topics include IAS 7 cash classification, multi-currency management, cross-border redemption, and counterparty risk.
TCMAG publishes thought leadership and recommendations that inform the design of the Ubyx clearing system and contribute to the broader industry dialogue on institutional digital money adoption.
Practitioner-led
Treasury professionals from Shell, Stripe, Maersk, IKEA, Cargill, Unilever, and other multinationals. Chaired by Darsh Johal (former Shell).
Chatham House Rules
Candid, off-the-record discussion. Participants share challenges and requirements without attribution.
Monthly meetings
Regular cadence ensures continuous progress on requirements definition, standards development, and thought leadership.
Sponsor-supported
Sponsored by leading financial institutions and technology firms including HSBC, SWIFT, SAP, and Quant.
Practitioners
Companies represented
Senior treasury professionals from the following organisations participate in TCMAG.
Sponsors
Supported by
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Learn more about the Tokenized Cash Management Advisory Group, including published research, upcoming meetings, and how to participate.
Visit tcmag.org