In a special chapter of the BIS Annual Economic Report 2023, a blueprint for the future is outlined by rethinking the current pillars of the monetary system.
According to a new analysis from the Bank for International Settlements, a financial infrastructure that combines tokenized money and assets on a programmable platform could fundamentally transform the global financial system.
BIS stated that there are many new opportunities when central bank money, commercial money, and various assets are all tokenized and interacted with on the same platform.
Read More: BIS builds out ‘game-changing’ blueprint for the future monetary and financial system
