🚀 Big news in the blockchain world! The Financial Stability Board (FSB) and the Bank for International Settlements (BIS) have flagged tokenization risks in new reports. 🌐

Tokenization, the digitization of real-world assets using DLT, could impact financial stability if it scales up significantly. FSB Chair Klaas Knot emphasized the need for oversight and regulation to address vulnerabilities.

The BIS also highlighted potential benefits like reducing trading frictions but warned about existing risks like credit and cyber threats.

What do you think? Is tokenization the future or a risk? Drop your thoughts below! 💬 #Blockchain #Crypto #Tokenization