Golden Finance reported that the Bank for International Settlements (BIS) and the Bank of England (BoE) have been able to demonstrate that the balance sheets of asset-referenced stablecoins are regulated, according to a new project report released on Wednesday. The organizations said on Wednesday that the Pyxtrial project has developed a prototype data analysis pipeline that can provide regulators with near-real-time data on stablecoin liabilities and their backing assets. The report said: "This technology is the first step towards tools that support regulators to proactively identify stablecoin support issues and help develop policy frameworks based on comprehensive data." "If there is a mismatch between the liabilities of a stablecoin issuer (currency in circulation) and the assets that support the stablecoin, this could undermine confidence in the issuer's ability to provide redemption at par and trigger a 'run', a sudden loss of confidence in the value of the stablecoin," the report said. The BIS said the Pyxtrial project also has the potential to monitor tokenized products backed by real-world assets.