Co-ordination key to alleviating tokenisation risks – IMF official
When activity is on shared ledgers, governance failures become systemic risks, Tobias Adrian says
Tokenisation could alter the structure of the financial system and the potential points of failure within it, and policy-makers must co-ordinate their response, a senior official at the International Monetary Fund says.
Tokenisation refers to the creation of assets on a shared, programmable ledger, in contrast to the private, centralised ledgers traditionally used by commercial and central banks.
In a blog post published on July 2, Tobias Adrian, financial counsellor and director of the IMF’s
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