The tokenisation continuum

Iñaki Aldasoro, Sebastian Doerr, Leonardo Gambacorta, Rodney Garratt and Priscilla Koo Wilkens

No 72, BIS Bulletins from Bank for International Settlements

Abstract: Tokenising claims involves transforming them into tokens on a common programmable platform that combine a core layer, which contains information about the tokenised asset and its ownership, with a service layer embedding the platform's rules and governance. Tokenisation enables the automation of transactions involving money as well as financial and real assets, opening the way to the contingent transfer of claims and combinations of transactions via smart contracts. Economic, legal and technical challenges span a "tokenisation continuum" which describes the feasibility of tokenising traditional assets; gains are modest where tokenisation is easiest but the most valuable gains would involve the largest challenges.

Pages: 9 pages
Date: 2023-04-11
New Economics Papers: this item is included in nep-pay
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.bis.org/publ/bisbull72.pdf Full PDF document (application/pdf)
https://www.bis.org/publ/bisbull72.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bis:bisblt:72

Access Statistics for this paper

More papers in BIS Bulletins from Bank for International Settlements Contact information at EDIRC.
Bibliographic data for series maintained by Martin Fessler ().