While tokenization could offer numerous benefits for the financial system and broader economy, costs and risks also need to be considered. New BIS report highlights four key considerations for central banks: private sector initiatives; trade-offs between different types of settlement assets; sound regulation, supervision and oversight for tokenization; and the impact on monetary policy implementation. […]
Chainlink has announced the launch of the Chainlink Digital Assets Sandbox (DAS), a platform designed to help financial institutions explore and develop digital asset solutions. The DAS offers a controlled environment where institutions can experiment with tokenizing traditional financial instruments, such as bonds, and explore the use of digital tokens as collateral or for trading […]
Citi has unveiled its Citi Integrated Digital Assets Platform (CIDAP), marking a significant step in the bank’s digital transformation journey. This platform leverages blockchain technology to offer secure, efficient, and innovative digital asset solutions through a single integrated system, in line with Citi’s governance and risk management frameworks. As blockchain technology is recognized for its […]
