BIS publishes report on the advancement of tokenisation in the financial system

Article summary

The Bank for International Settlements (BIS) has published a report exploring the transformative potential of tokenisation in the financial system, with a focus on enhancing efficiency, transparency, and accessibility. The report discusses use cases such as tokenising money, trading securities, and posting collateral for loans, while highlighting real-world initiatives by central banks and the private sector. It addresses challenges such as issuing tokenised central bank money and ensuring system interoperability, raising questions about the integration and safety of assets in a tokenised financial system.