Central banks must navigate impact of tokenisation – BIS
Paper weighs in on how policy-makers should react to innovations in financial market infrastructure
Tokenisation has the potential to revolutionise financial market infrastructure and central banks should consider the implications, the latest paper from the Bank for International Settlements (BIS) has said.
The paper, published by the BIS’s Committee on Payments and Market Infrastructures, reviews the potential benefits and risks associated with token arrangements.
Token arrangements can enable a single platform to facilitate the end-to-end life cycle of financial assets. Whereas the current
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