The Bank for International Settlements (BIS) Innovation Center is preparing to develop a blockchain-based tokenization project.
The Bank for International Settlements announced yesterday the six projects that the Innovation Center plans to implement in 2024. Projects include cyber security, fight against financial crimes, central bank digital currencies (CBDC) and green finance areas.
Project Promissa There will be cooperation between BIS, the Swiss National Bank and the World Bank in a project called. In the project to tokenized securities A proof of concept will be created for a platform for
The International Monetary Fund will play an observer role in the project.
Simplifying the management of bills with Project Promissa, enabling the transaction cycle of bills to be handled by all stakeholders. from a single source The aim is to ensure follow-up.
According to the statement made by BIS, proof of concept and test studies Completion by early 2025 is targeted.
The BIS Innovation Center’s branch in Hong Kong is also Privacy level of transactions made with CBDCs will continue its research efforts.