BIS announces CBDC, tokenization projects for 2024

The Bank for International Settlements 2024 program features six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance.

The Bank for International Settlements (BIS) Innovation Hub will proceed to the second phase of its central bank digital currency (CBDC) privacy testing and launch a blockchain-based tokenization project in 2024. 

On Jan. 23, the BIS announced its work program for the year. It features six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance. In the announcement, Cecilia Skingsley, head of the BIS Innovation Hub, stated that another critical area is tokenization, where the new project, Promissa, will be followed by “more initiatives.”

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Source: https://cointelegraph.com/news/bis-cbdc-tokenization-projects-2024