The Bank for International Settlements (BIS) has published a report titled "Tokenization in the Context of Money and Other Assets." The report found that "tokenization of assets has the potential to generate significant benefits, such as reduced transaction costs and faster transaction speeds." Tokenization is the process of converting an asset into a digital token that can be traded on a blockchain network. This can make it easier to transfer and trade assets, as well as reduce the costs associated with these transactions. The BIS report noted that "major financial institutions have recently been testing tokenized deposits, among other things, to improve payment efficiency." However, the report also noted that "tokenization raises potential risks related to, among other things, the absence of a well-developed legal framework, liquidity, custody, and operational issues." Despite these risks, the BIS believes that the benefits of asset tokenization outweigh the risks. The report recommends that policymakers "take steps to mitigate the risks and unlock the potential benefits of asset tokenization."