With tokenization gaining momentum as a potential foundation for next-generation financial infrastructures, its associated risks have also come under scrutiny—particularly regarding financial stability. Drawing on insights from the FSB’s latest report, this session examines the building blocks for establishing a secure and reliable tokenization ecosystem, including robust risk control and custody solutions. We will also explore how global public-private projects—such as Project Agora, Global Layer1, and Project Guardian—can be harmonized. Featuring perspectives from central banks, regulatory authorities, major financial institutions, and leading digital asset custodians, this roundtable aims to chart a clear path toward a stable, resilient tokenization landscape.