CBDC tokens and tokenization, which were initially popularized by Bitcoin, have expanded their influence beyond the realm of cryptocurrency. Central Bank Digital Currency (CBDC) tokens are digital representations of a country’s official currency issued by the central bank. They are designed to provide the benefits of digital currencies while maintaining the stability and trust associated with traditional fiat currencies. Tokenization, on the other hand, refers to the process of converting real-world assets, such as property or stocks, into digital tokens on a blockchain. This allows for increased liquidity, fractional ownership, and easier transferability of assets. Together, CBDC tokens and tokenization are revolutionizing the financial industry by enhancing efficiency, transparency, and accessibility.
HomeDIGITAL ASSETS REGULATORYbis_asset_updateAdvancing Financial Market Infrastructure: Bank of Korea's New Initiative