TechFlow reports on October 21 that, according to The Block, the Bank for International Settlements (BIS) released a report titled "Conceptual and Central Banking Implications of Tokenization of Money and Other Assets." The report explores how tokenization could reshape the financial landscape and impact the role of central banks, while highlighting the risks and challenges associated with tokenization.
The report指出 that tokenization can reduce transaction costs and increase transaction speed, attracting interest from institutional investors. However, BIS warns that these advantages come with inherent risks, including challenges related to governance, legal frameworks, credit, liquidity, custody, and operations. BIS General Manager Agustín Carstens stated that while tokenization can enhance the safety and efficiency of the financial system, it also brings economic, legal, and technological challenges.
