The world of finance is at the threshold of a major disruption that will affect corporations, bankers, states, and every individual. We think we have seen financial innovation; we bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. The very concept of money is being redefined, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. This transformation will fundamentally rewrite how ordinary people live.