Selim YAZICI, Ph.D. Dr. Yazc is a Professor of Management and Strategy at the Department of Business Administration, Faculty of Political Sciences, Istanbul University, and the Co-Founder of FinTech Istanbul. Over the course of his academic career, he taught courses on Entrepreneurship, Financial Technologies, Digital Insurance, Project Management, Business Continuity Management, and more at both the undergraduate and graduate levels. Dr. Yazc’s research interests encompass digital transformation, disruptive technologies, entrepreneurship, financial technologies (FinTech), insurance technologies (InsurTech), project management, and business continuity. He has authored many scientific articles, and co-authored, and edited multiple books in Turkish, including Electronic Insurance (2002) and The Transformation of Finance with FinTech and InsurTech (2021).

As the Co-Founder of FinTech Istanbul, he has played a key role in building a robust FinTech ecosystem in Turkey. Beyond academia, he has served as a mentor in incubation and acceleration programs and previously sat on the boards of Private Equity and Leasing. Dr. Yazc now brings his expertise and industry insight to his role as Editor of Tokenization of Money: From Fiat to Stablecoins.

C. Cökun Küçüközmen, Ph.D. Dr. C. Cökun Küçüközmen is a distinguished professor, economist, and thought leader with extensive expertise in finance, monetary policy, risk management, and Central Bank Digital Currencies (CBDCs). Since 2010, he has been a full-time professor of trade and finance at Izmir University of Economics, where he continues to shape the next generation of financial professionals through rigorous academic training, mentorship, and thought leadership. Dr. Küçüközmen's multifaceted career spans academia, policymaking, and public engagement. He held significant bureaucratic roles at the Central Bank of the Republic of Turkey and the Banking Regulation and Supervision Agency (BRSA), Turkey, where he played a pivotal role in formulating and implementing policies that strengthened Turkey’s financial stability and regulatory frameworks. His contributions to monetary stability, risk governance, and financial supervision earned him widespread recognition among policymakers and industry leaders. Beyond academia and policymaking, Dr. Küçüközmen is a co-founder of the Aegean Finance Association (Ege Finans Dernei), a leading regional finance organization in Turkey. The association brings together finance professionals, academics, and business leaders to advance financial literacy, economic awareness, and sustainable finance practices. Through this initiative, he has actively contributed to bridging the gap between academic research, industry needs, and public policy.

Michael SALMONY, Ph.D. Dr Michael Salmony is an internationally recognised leader on strategy of business innovations in digital and financial services with a particular focus on Payments, Open Finance, FinTech, Digital Identity, e-Invoicing/SCF, Fraud/Cybercrime, AI for Financial Services and Electronic Money/CBDC. He is board-level advisor to major international banks, industry associations, regulators and finance bodies across the world and regularly helps shape future directions in all key decision making bodies (e.g. European Commission/ European Parliament/ECB/CEPS Think-Tank in Europe, and central banks from Japan to Uruguay and Kazakhstan). For 10 years he served as Executive Adviser to the Board of Worldline Financial Services, helping to bring them from a local player to become the world’s 4th largest financial processor of transactional services, which handles over 17 trillion Euro per year. He also works with multiple regions where financial innovations are currently emerging - for example with the World Bank in Central Asia, as Board Member of Fintech Africa, as Advisory Board Member to Mastercard in Latin America, as strategic partner to FinTech Istanbul.

Chapter 1. Introduction.- Part I: Why Do We Need Another Form of Money?.- Chapter 2. The Main Stages in the History of Money.- Chapter 3. Tokenised Deposits: The Commercial Bank Money Upgrade in a Digital Economy.- Chapter 4. Tokenization of Securities.- Chapter 5. Tokenization of Liquid Investable Assets - Equities, Bonds & Funds.- Chapter 6. Tokenisation of Illiquid Assets.- Part II: What Is Tokenised Money?.- Chapter 7. CBDC – A Solution Looking for a Problem?.- Chapter 8. The Retail Central Bank Digital Currency (CBDC) Landscape.- Chapter 9. Taler as a Synthetic Central Bank Digital Currency.- Chapter 10. Retail Central Bank Digital Currencies: An Inevitable Innovation for the Stability of the Monetary System in the Digital Age.- Chapter 11. Commercial Bank Money Token (CBMT).- Chapter 12. Stablecoin Use Cases and Adoption From the End-User Point of View.- Part III: How to Implement Tokenised Money?.- Chapter 13. Mapping the Stablecoin Ecosystem: Taxonomy, Stakeholders, and Systemic Interdependencies.- Chapter 14. Stablecoin Business Models: Current and Future Analysis.- Chapter 15. Offline-Capable Central Bank Digital Currencies as a Key Enabler of a Resilient Digital Payment System.- Chapter 16. The Legal and Governance Framework of Stablecoins: International Standards and Jurisdictional Divergences.- Chapter 17. Regulatory Approaches of Stablecoins.- Chapter 18. Will Tokenized Money Transform Wholesale and B2B Payments?.- Chapter 19. The “Productization” of Money and Its Impact at the Point of Sale.- Chapter 20. The Case for a Stablecoin Clearing System: Enabling Ubiquity Through Market Structure Evolution.- Chapter 21. Adoption by Design for Digital Currency Systems.- Chapter 22. From Stability Guardians to Innovation Architects: The Transformation of Monetary Authorities in the Digital Age.- Part IV: Global Digital Money Landscape: Current Developments Over the World.- Chapter 23. Public and Private Developments Around the World.- Chapter 24. The Pursuit of Resilience in European Retail Payments.- Chapter 25. China’s e-CNY: From Wallet Wars to a National Payments Operating System.- Chapter 26. Tokenization and the Future Monetary System: DCJPY as Tokenized Deposits in Japan.- Chapter 27. Blockchain and QR Codes: Revolutionizing Cross-Border Payments and Financial Inclusion in Southeast Asia – A Case Study of Cambodia’s Bakong Project.- Part V: Critical Views on Tokeised Money.- Chapter 28. Will Tokenised Money Overthrow Existing Financial Infrastructures? TradFi vs DeFi – Who Will Win?.- Chapter 29. Stablecoins, CBDCs, and the New Geopolitics of Money: From Global Competition to Risks.- Chapter 30. The Stablecoin Paradox: From Decentralized Ideals to Re-Intermediation and Financial Engineering.- Chapter 31. Concluding Synthesis: Probabilistic Scenarios for the Future of Money.