BIS urges caution as finance industry embraces asset tokenization

The Bank for International Settlements (BIS) has issued a cautionary report as traditional financial institutions accelerate their exploration of tokenization, raising concerns over governance, legal frameworks, and financial stability. Tokenization, which converts real-world assets like property and securities into digital tokens, has drawn attention for its ability to streamline transactions and reduce costs. Mechanisms like delivery-versus-payment […] The post BIS urges caution as finance industry embraces asset tokenization appeared first on CryptoSlate.