Tokenization & Blockchain
BIS - The Evolution of Financial Market Infrastructures in a Tokenized Economy, WP-26-136, July 2026 (Jul 2026)
Analyzes how tokenization and DLT could shift issuance, clearing, settlement, collateral management, and reporting onto blockchain-based infrastructures. Concludes FMIs are more likely to be reconfigured into hybrid models than replaced, with new efficiency, operational, and governance trade-offs.
Topics: payments, tokenization, regulation, settlement, risk