The BIS’s 2026 analysis of monetary innovation examines why trust remains central as tokenisation and stablecoins develop. Technology changes the form of a record or transaction; it does not by itself settle questions of rights, resilience or governance.
For asset-related digital structures, those questions are practical: what does the holder own, how is the underlying asset governed, and what happens when a process fails?
NAG perspective. Digital-asset interests should begin with clear purpose and enforceable arrangements. The opportunity lies in useful infrastructure and sound structures, with appropriate controls for the activity concerned.
Sources
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