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. […]
The International Monetary Fund (IMF), the World Bank, the Bank for International Settlements (BIS), and Switzerland’s central bank have joined forces to explore the concept of tokenization. The collaboration aims to leverage tokenization technology to streamline financial processes and enhance global economic development. Tokenization involves converting traditional financial assets into unique digital tokens, enabling faster […]
The INX Digital Company, Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF) (“INX”), a US-regulated broker-dealer, ATS, and transfer agent, has announced the official launch of Nabatech, the joint venture created in partnership with SICPA, a pre-eminent global figure in authentication and secure traceability solutions. Nabatech is a direct result of INX and SICPA’s collaboration to […]
