Powell, Lagarde: Opportunities and challenges of the tokenisation of finance

From youtube.com/banquedefrance

Which role for Central Banks ? This international conference will involve an open and interactive discussion on the new and disruptive ecosystems that are rapidly emerging in the financial sector at the global level as a result of emerging innovative technologies. Those new ecosystems cover a wide array of activities, ranging from the tokenisation of assets to Decentralised Finance (DeFi), aiming to go beyond borders and sometimes circumventing intermediaries. The conference will first explore the implications of digitalisation for central banks in terms of financial stability. It will then turn to the objectives and promises that DeFi holds for the market. Finally, it will look into whether central bank digital currencies (CBDCs) could be used in those new ecosystems to enhance cross-border transactions while also preserving monetary and financial stability.