Central bank project shows monetary policy still viable in 'tokenized' system

Central bank project shows monetary policy still viable in 'tokenized' system

By Michael S. Derby and Marc Jones

Central banks prepare for a tokenized future - Ledger Insights - blockchain for enterprise

Imagine a financial world where every transaction, from billion-dollar treasury purchases to retail payments, exists entirely as digital tokens. The Federal Reserve Bank of New York and the Bank for International Settlements Innovation Hub aren’t just imagining this scenario, they’re actively preparing for it through Project Pine. The New York Innovation Center (NYIC), part of […] The post Central banks prepare for a tokenized future appeared fi…

NY Fed | Joint Study Explores Feasibility of Central Bank Operations Using Tokenization and Smart Contracts | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Joint Study Explores Feasibility of C

NEW YORK—The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) today published a joint research study that explored if and how central banks could continue to implement monetary policy operations in hypothetical tokenized wholesale financial markets.      Project Pine, from the New York Innovation Center at the New York Fed and the Swiss Centre of the BIS Innovation Hub found that central banks could customize and…