Tokenization Could Pose Risks to Financial System, FSB and BIS Warn

Coindesk
2024-10-22
  • The Financial Stability Board and the Bank for International Settlement both flagged tokenization risks in new reports.
  • "Tokenisation could have implications for financial stability if it scales up significantly," Klaas Knot the FSB chair said in a letter addressing the Group of 20 nations.

The Financial Stability Board (FSB) and the Bank for International Settlements (BIS) both highlighted in recent reports what they see as risks from tokenization and called for more regulation.

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