CoinTelegraph 2025-05-16 10:15:22

Central banks testing smart contract toolkit under BIS Project Pine

Central banks are experimenting with smart contracts to implement monetary policy in tokenized environments, signaling a growing interest in integrating blockchain technology into traditional finance (TradFi). According to a joint research study by the Federal Reserve Bank of New York’s Innovation Center and the Bank for International Settlements (BIS) Innovation Hub Swiss Centre, smart contracts could offer central banks flexible, rapid-response tools in a tokenized financial system. The study, dubbed Project Pine, tested a prototype “generic customizable monetary policy tokenized toolkit” for further research by central banks, according to a BIS report published May 15. “The smart contract toolkit was fast and flexible,” the BIS wrote. “In hypothetical scenarios, the central bank was able to add and change tools instantly.” The report emphasized that if tokenization becomes widely adopted for money and securities, smart contracts could play a central role in how monetary policy is executed. Project Pine system overview. Source: BIS Related: Bitcoin more of a ‘diversifier’ than safe-haven asset: Report This marks a “first step” in highlighting the potential benefits of tokenization for central banks, according to the BIS. The framework “speed and consistency” was “validated” within a 10-minute hypothetical scenario where central banks quickly changed collateral criteria and exchanged liquid collateral for illiquid amid falling collateral values. The smart-contract framework also allowed central banks to deploy a new facility offering reserves and changing the interest rates on the reserves in an “immediate” implementation. Project Pine, smart contract operations. Source: BIS Related: Coinbase faces $400M bill after insider phishing attack Smart contracts, tokenization may help central banks Smart contracts and tokenization technology may help central banks’ rapid response to “extraordinary events,” the BIS report said: “This speed, coupled with the ability to adjust any of the parameters at any time, gives central banks flexibility in responding to unforeseen events and fast-moving crises.” While promising, the report also acknowledged that central banks will likely face infrastructure challenges, as most existing systems are not designed for these advanced use cases. Smart contract testing scenario. Source: BIS Project Pine employed Ethereum’s ERC-20 token standard combined with another standard for “access control.” Financial institutions have increasingly embraced tokenization in recent years. At the Consensus 2025 conference, Joseph Spiro, product director at DTCC Digital Assets, called stablecoins the “perfect” financial instrument for real-time collateral management for financial transactions such as loans or derivatives. Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

La maggior parte ha letto le notizie

James Howells Relentlessly Hunts for Millions...
2025-05-18
Ethereum Slows, XRP Loses Steam — MAGACOINFIN...
2025-05-18
Cardano Dips, Chainlink Price Analysis Target...
2025-05-18
AI16Z dives 35% in 4 days – What traders fear...
2025-05-18
Morten Søberg to Lead Bitcoin Policy Institut...
2025-05-18
Ethereum’s 157th Developer Call: Key Updates...
2025-05-18
Arthur Hayes: Bitcoin to Hit $1M Amid Capital...
2025-05-18
$0.025 Solana Alternative to Reach $5 By 2026...
2025-05-18

Notizie correlate

Golden Ratio Multiplier Called Bitcoin Top In 2021...
18 May 2025
ETH’s Cost Basis Analysis: Key Support and Resista...
18 May 2025
Russia’s EAEU Trade Reaches 93% De-Dollarization i...
18 May 2025
While Ethereum and Solana Push Hard, MAGACOINFINAN...
18 May 2025
Dogecoin vs Mutuum Finance: Which Top Trending Cry...
18 May 2025
GateToken Gains Traction, Bitget Expands —Still, Q...
18 May 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta