CBDC (Central Bank Digital Currency) tokens and tokenization, which were initially popularized by Bitcoin, have now expanded their influence beyond the realm of cryptocurrency. CBDC tokens are digital representations of a country’s official currency that are issued and regulated by the central bank. They are designed to be used as a secure and efficient means of conducting transactions in the digital age. Tokenization, on the other hand, is the process of converting real-world assets or rights into digital tokens that can be stored and transferred on a blockchain. This technology has gained traction as it offers increased liquidity, transparency, and accessibility to a wide range of assets. With the growing interest in CBDC tokens and tokenization, central banks and financial institutions are exploring their potential benefits and challenges for the future of the global financial system.
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