Odaily Planet Daily News: The Bank for International Settlements (BIS) today released a research report on tokenization for the G20. The report indicates that tokenization may have a significant impact on the future development of the financial system, central bank payment functions, monetary policy management, and financial stability. The report emphasizes four core issues that central banks need to pay attention to: addressing tokenization initiatives from the private sector, assessing trade-offs between different types of settlement assets, establishing sound regulatory and supervisory mechanisms, and evaluating the potential impact on the implementation of monetary policy. The report notes that while tokenization can enable faster and lower-cost transactions, the costs and risks must still be weighed, including aspects such as governance frameworks, legal systems, credit risk, liquidity risk, and custodial and operational risks. (Crowdfund Insider)