John Frost, Head of Innovation at the Bank for International Settlements, and Morten Bech, Head of the BIS Innovation Hub Swiss Centre, dive into the transformative power of tokenization. They demystify how digital asset representation can enhance the financial system, enabling speedier and cheaper cross-border payments. The duo contrasts tokenized assets with cryptocurrencies, discusses Project Agora's innovative approach to wholesale payments, and highlights the challenges central banks face in adopting this technology. Their insights explore the promising future and complexities of tokenization.
