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 […]
Sologenic, a global forerunner in blockchain tokenization technology, today announces the launch of two groundbreaking solutions: SOLONEX, a preeminent asset tokenization brokerage solution, and a specialized custom-built CBDC Tokenization Solution. Geared at facilitating seamless financial transactions and advanced asset management, these pioneering solutions will bridge the gap between traditional and digital finance, providing a seamless tokenization […]
