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Current applications and future potential Stuart Cheetham, CEO of MQube, distinguishes between what the technology offers today and what it could enable once regulatory frameworks develop further.
“ The benefits of tokenising debt right now are that it allows mortgage lenders to achieve data integrity, transaction security and audit traceability. But once the necessary regulatory and operational framework is in place – and there is still a huge amount of work to be done here – the opportunity for the mortgage lending industry is huge,” he says.
The technology could reshape how remortgage transactions are processed.
Currently, these transactions involve legal processes that cost thousands of pounds as ownership is transferred between lenders. Tokenised assets could enable direct transfers on-chain, removing intermediary steps and reducing costs.
Securitisation market implications Cheetham sees particular potential in mortgage securitisation, where lenders pool mortgage debt and sell it to investors as tradable securities. This process frees up capital that would otherwise remain tied to mortgage assets on balance sheets.
“ The plethora of benefits include the ability to transfer assets from one lender to another cutting out legal process in a remortgage case, saving thousands of pounds per remortgage transaction.“ Most importantly, however, the tokenisation of mortgage debt,
“The tokenisation of mortgage debt paves the way for a brandnew mortgage securitisation market via blockchain”
Stuart Cheetham CEO & Co-Founder, MQube
116 December 2025