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Central Bank Group Starts Tokenization Project to Enhance Monetary System

The project seeks to build a "usable" solution to integrate tokenized commercial bank deposits with central bank money using smart contracts and programmability, officials at the Bank for International Settlements said.

Updated Apr 3, 2024, 2:00 p.m. Published Apr 3, 2024, 2:00 p.m.
BIS tower building (BIS)
BIS tower building (BIS)