According to Techub News, the Bank for International Settlements (BIS) released a report saying that BIS and the Bank of England (BoE) have jointly developed a tokenized product monitoring platform Pyxtrial.

Pyxtrial aims to explore technical solutions to enable monitoring of asset-backed stablecoin balance sheets, thereby gaining insight into whether supporting assets always exceed their liabilities. This includes data collection, storage and analysis. It can provide regulators with real-time data on stablecoin liabilities and their supporting assets. It helps regulators respond to potential risks more quickly.