政府债券代币化：评估和路线图（英）2025

BIS Bulletin No 107 Iñaki Aldasoro, Giulio Cornelli, Jon Frost, Priscilla Koo Wilkens, Ulf Lewrick and Vatsala Shreeti 10 July 2025 Tokenisation of government bonds: assessment and roadmap BIS Bulletins are written by staff members of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank. The papers are on subjects of topical interest and are technical in character. The views expressed in them are those of their authors and not necessarily the views of the BIS. The authors are grateful to Douglas Araujo, Bryan Hardy, Pablo Hernández de Cos, Anneke Kosse and Ilaria Mattei for comments, and to Nicola Faessler and Danielle Ritzema for administrative support. The editor of the BIS Bulletin series is Hyun Song Shin. This publication is available on the BIS website (www.bis.org). © Bank for International Settlements 2025. All rights reserved. Brief excerpts may be reproduced or translated provided the source is