The article analyses the economic content of the process of tokenisation of money and assets, identifies the main types and forms of tokenised money, outlines the key characteristics of central bank digital currencies, secured Stablecoins and tokenised deposits. The study alsoconsiders the features of new funding mechanisms resulting in the issuance of investment, utilitarian and hybrid tokens, identifies the main types of tokenised financial and real assets, identifies the benefits and risks of tokenisation, and outlines global trends in the field of tokenisation and defines the features of the current development of the CFA market in Russia. The study concludes that the transition from the electronic form of money and assets to the to kenised form marks not only the transformation of the form of value, but also its unification with the network of financial messaging, which makes it possible to ensure the transition from the stage of digital finance to the stage of institutional decentralised finance. The main types of tokenised money currently available are central bank digital money and tokenised money of CBs and FIs. While the former are issued as central bank digital currencies for retail payments and/or wholesale settlements, the latter are issued as tokenised deposits and/or secured Stablecoins. Tokenisation of money does not change its economic nature, but it allows digital forms of money to be endowed with new properties and a wider range of functions. The widespread use of tokenised money can speed up transactions, increase their transparency and reduce transaction costs. The emergence of native investment, utilitarian and hybrid tokens as a result of innovative ICO, IEO and IDO financing mechanisms in the crypto market has contributed to the expansion of forms and simplification of procedures for access to financing for startups and has become a precursor to the wider tokenisation of various types of financial and real assets. Currently, the main types of tokenised assets are: 1) tokenised tradable liabilities of private money issuers; 2) tokenised commodities; 3) tokenised government securities; 4) tokenised stocks, corporate bonds and units in private money market funds; 5) tokenised real estate; and 6) tokenised private credit. The main advantages of tokenisation of financial and real assets include increased capital efficiency; democratisation of market participant access; savings in transaction costs; increased regulatory compliance, auditability and transparency; cheaper and more flexible infrastructure. However, high implementation costs, regulatory uncertainty, lack of a harmonised financial market infrastructure, etc. are significantly constraining the development of asset tokenisation in most countries around the world. Tokenisation of financial and real assets in Russia, carried out in the CFA market, differs from tokenisation in the global market by the presence of institutional, platform and marketing peculiarities due to regulatory restrictions. These restrictions, on the one hand, contribute to reducing the risks of market participants, and on the other hand, hinder the development of this market by limiting its liquidity and reducing the possibility of foreign issuers and investors to participate in it.