Tokenisation no substitute for trad-fi infrastructure – Cook
Fed governor highlights technology’s benefits for emerging economies but signals finstab risks
Lisa Cook has said tokenisation presents “a tremendous opportunity” for innovation in the financial sector, but does not see it “as substituting for traditional market infrastructure”.
In a speech on May 8 at a Central Bank of West African States conference on digital assets in the Senegalese capital Dakar, the US Federal Reserve governor highlighted tokenisation’s potential to address frictions in financial markets and offer “compelling benefits” in emerging economies. However, the governor, who
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