Golden Finance reports that the Bank for International Settlements (BIS) emphasizes that major financial institutions are piloting tokenized deposits to improve settlement efficiency and programmability. However, the transition from traditional finance to tokenization may carry risks, including potential governance and legal framework issues, as well as credit, liquidity, custody, and operational risks. These challenges may differ from those faced by traditional market infrastructure, necessitating a comprehensive assessment by central banks. Of course, tokenization also has many benefits, including reduced transaction costs and accelerated transaction speeds. Governance, legal, and liquidity risks are the central banks' main concerns regarding tokenized assets.