Joint study explores feasibility of central bank operations using tokenisation and smart contracts
By Bank for International Settlements (BIS), Federal Reserve Bank of New York
Known as Project Pine, the joint study demonstrated that central banks could implement monetary policy in tokenised wholesale financial markets using programmable smart contracts. The prototype toolkit, adaptable across jurisdictions, successfully performed essential functions including interest payments, open market operations and collateral management during ten simulated market scenarios.
- Use cases, geography and tags
- Organizations that created, adopted or are mentioned
- Ecosystem position
- Link to the original asset
- Comments and reactions