Tokenisation could help integrate eurozone markets, says Schnabel
Central bank money must move ‘on-chain’ to safeguard its role
Isabel Schnabel, an executive board member at the European Central Bank, has argued that tokenisation could help overcome the fragmentation of financial markets across the eurozone.
In a speech at Jackson Hole on August 28, Schnabel said tokenisation could improve operability between member states’ distinct financial infrastructures, thus helping to spur cross-border capital flows and foster greater competition among the eurozone’s financial markets. However, she added that tokenised systems
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