What role will central banks play when tokenised finance goes mainstream?

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What role will central banks play when tokenised finance goes mainstream? - Business Standard

Quick Summary:

When manias, panics and crashes hit, can they restore calm by their usual practices — paying interest on bank reserves; temporarily creating or absorbing liquidity; or permanently loosening and tightening financial conditions through outright purchases and sales of securities?

Historically, money and securities have been tied to accounts, their movement and ownership recorded according to Italian mathematician Luca Pacioli’s 1494 treatise on double-entry bookkeeping.

Alternative assets now have their tokenised versions, too.KKR & Co.’s Health Care Strategic Growth Fund debuted on blockchain three years ago.