A new report by the Financial Stability Board (FSB) outlines the potential benefits and emerging risks associated with tokenisation within the financial system. Tokenisation, particularly using distributed ledger technology (DLT), is gaining attention for its promise to enhance efficiency and transparency. However, the report warns of stability risks if adoption scales significantly. Tokenisation refers to […]
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. […]
Cow Group, in collaboration with leading tokenization technology provider DigiShares, has announced the launch of MyGold™, a gold-backed stablecoin aimed at revolutionizing stable asset investments. Launched on September 25, 2024, MyGold™ offers a unique blend of physical gold security and passive income potential through Cow Group’s Systematic Wealth & Income Multiplier (SWIM) program. MyGold™ is poised to become […]
