Tokenisation should be built into the two-tier system – BIS
Stablecoins not necessary for fast payments and programmability, institution says
As digital innovation opens new ways for money and assets to be recorded, transferred and settled, a priority for policy-makers will be to integrate these technological advances into the two-tier system, the Bank for International Settlements has said.
The BIS made the announcement today (June 23) in a new published chapter of its Annual Economic Report 2026, titled “Anchoring trust in money: innovation beyond stablecoins”. The chapter adds that “the possibility to provide programmability, atomic
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