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BIS: The next-generation monetary and financial system

24 Jun 2025 (UPDATED: 13 Mar 2026) International 1 min read

This article, from BIS’s Annual Economic Report 2025, discusses principles of a tokenised unified ledger and how it can combine the “trilogy” of tokenised central bank reserves, tokenised commercial bank money and tokenised government bonds.



Last updated · 13 Mar 2026
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