Central Bank Group Explores Tokenization to Improve Monetary System

Wednesday, 3 April 2024, 14:00

The Bank for International Settlements announced the launch of a project aimed at investigating the integration of tokenized commercial bank deposits with central bank money through smart contracts and programmability. This initiative holds the potential to revolutionize the monetary system by leveraging blockchain technology for increased efficiency and transparency.
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Central Bank Group Explores Tokenization to Improve Monetary System

The Bank for International Settlements has launched a project

This initiative involves utilizing smart contracts and programmability to enhance the efficiency and transparency of the monetary system.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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