Tokenization & Blockchain
BIS - The Evolution of Financial Marke t Infrastructures in a Tokenized Economy (Jul 2026)
Assesses how tokenization and DLT could shift issuance, clearing, settlement, collateral management, and reporting onto smart contracts, while arguing that legal certainty, governance, and accountability keep key FMI functions institutional. It concludes tokenization will reconfigure FMIs into hybrid models, not eliminate them.
Topics: payments, tokenization, regulation, settlement, risk