Here’s Proof the Fed Needn’t Fear a Tokenized World: Aaron Brown

A new report demonstrating that central banks can port their monetary policy tools into a tokenized financial system is an important step in transforming how we trade securities including stocks and bonds.

There’s never been a shortage of cryptophiles saying, “Of course central banks can run monetary policy with tokens,” nor of conservative bankers saying, “I’ll believe it when I see it.” The report from the Bank for International Settlements and the Federal Reserve Bank of New York is not just one more opinion added to the mix, the authors actually built the necessary tools and tested them in 10 ...