Financial markets are on the verge of their most significant infrastructure transformation since the shift from paper-based trading to electronic systems. However, one of the biggest misconceptions is that blockchain technology and cryptocurrencies are the same thing. Blockchain: The enabling infrastructureCryptocurrencies are simply one application of blockchain technology. A blockchain is digital infrastructure that enables information and value to be recorded, validated and transferred securely and efficiently. Broad financial market applicationsCould tokenised money market instruments improve liquidity management?