Microsoft chief executive Satya Nadella has brought attention to a new economic concept: token capital. In comments about future companies, he presented it as a useful way to think about business in an AI-driven economy. Nadella said that success will come from combining human capital with token capital, placing people and digital tokens at the centre of value creation. The idea reflects a broader shift in how technology leaders are describing the next phase of the economy, with AI increasingly shaping the way companies operate and compete.
businessAdvanced1 min read6/16/2026
Nadella promotes 'token capital' as a key idea for AI-era firms
Microsoft chief executive Satya Nadella has highlighted token capital as a concept for future companies. He argues that success in the AI economy will depend on combining human capital with token capital.
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