🎉 Canada's central bank and the Bank of International Settlements (BIS) have opened a new innovation hub in Toronto! This hub will explore the development of new technologies to promote inclusivity and efficiency in the financial system. The focus will be on central bank digital currencies (CBDCs), green finance, cybersecurity, open finance, innovation for regulatory and supervisory purposes and next-gen financial market infrastructures. This is a big step for Canada, Latin America, and the Caribbean in fostering financial innovation. In other news, BIS is also working on a blockchain-based tokenization project. So, keep your eyes peeled for more exciting updates! 🍁