**News Flash: BIS and Bank of England Unveil Project Pyxtrial Results**

The Bank for International Settlements (BIS) and the Bank of England have released findings from their Project Pyxtrial, aimed at monitoring the reserves of asset-backed stablecoins and tokenized assets. This proof-of-concept project is a significant first step but not yet ready for full deployment, as regulatory frameworks are still evolving.

**Key Points:**

- **Data Integration:** Pyxtrial merges blockchain data with issuer data on stablecoin reserves, accessible via a customizable dashboard.

- **Regulatory Role:** Supervisors may need to set rules on data quality and submission frequency.

- **Future Potential:** The system could be adapted for other digital assets and integrated into existing regulatory frameworks.

While training users remains a challenge, the project highlights the potential for collaboration between regulators and technologists.