Blueprint for the future monetary system

"Blueprint for the future monetary system: improving the old, enabling the new

“We are at the cusp of another major leap in the monetary and financial system, which will have far-reaching consequences for the economy and society at large. Bringing together central bank money, commercial money, and different assets on the same platform, all tokenised and interacting, opens up a whole new range of possibilities. This would be a game-changer in how we think about money and how transactions take place.” Head of Research, Bank for International Settlements – BIS

🕹️ Tokenisation of money and assets has great potential, but initiatives to date have taken place in silos without access to central bank money and the foundation of trust it provides.

🕹️ A new type of financial market infrastructure – a unified ledger – could capture the full benefits of tokenisation by combining central bank money, tokenised deposits and tokenised assets on a programmable platform.

🕹️ As well as improving existing processes through the seamless integration of transactions, a unified ledger could harness programmability to enable arrangements that are currently not practicable, thereby expanding the universe of possible economic outcomes.

🕹️ Multiple ledgers – each with a specific use case – might coexist, interlinked by application programming interfaces to ensure interoperability as well as promote financial inclusion and a level playing field.

The briefing prior to the release of the white paper 📝 titled hashtag#finternet which was released in April 2024 (will post it next): https://lnkd.in/dnAMT_t4

It’s worth reading both of them together "

Author

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