Carstens advances vision for future tokenised financial system
‘Finternet’ proposal envisages payments across linked unified ledgers
Bank for International Settlements (BIS) general manager Agustín Carstens this week advanced a vision of a future financial system using unified ledgers to exchange tokenised assets.
In a working paper published on August 15, Carstens and Nandan Nilekani, co-founder of tech giant Infosys, set out their vision for the ‘Finternet’, a network of unified ledgers connected by interledger protocols. Users would be able to manage assets, “each distinguished by its legal status, market behaviour and
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