Leveraging tokenisation for payments and financial transactions

Report by the Consultative Group on Innovation and the Digital Economy (CGIDE) established at the BIS Representative Office for the Americas

This report by the Consultative Group on Innovation and the Digital Economy (CGIDE) discusses theoretical and real-world use cases of tokenisation, which include initiatives run by the Central Bank of Brazil and the Central Bank of Colombia, and private sector-led initiatives discussed within the CGIDE during 2023-24. In addition to use cases and progress to date, the report also explores some preconditions and other considerations for tokenisation.

The report does not represent a policy position of CGIDE members and observers on the design or implementation of tokenisation in payments and the financial sector. Instead, it is offered as a public good to advance the work on these issues and to share insights from a group of experts in the Americas.