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. […]
Gleipnir, Inc., a pioneering blockchain startup, has announced the launch of a fully tokenized business structure on the Polygon blockchain, signaling a major advancement in the financial sector. The company’s founder, Steve Dick, emphasized the significance of this groundbreaking initiative, which aims to revolutionize corporate shares and democratize investment opportunities on a global scale. Tokenization […]
The Hong Kong Monetary Authority (HKMA) has officially launched the Project Ensemble Sandbox, a groundbreaking initiative to advance the tokenization of assets in Hong Kong. This project is a key element of Project Ensemble, HKMA’s wholesale central bank digital currency (wCBDC) venture, aimed at supporting the development of the tokenization market. Launched in March 2024, […]
