Max Maisonrouge Contributes To The Bretton Woods Committee's Paper On Tokenized Assets

INTRODUCTION

In the last five years, digital assets have risen to promi nence globally. Their transformative potential has been widely acknowledged. Tokenization facilitates financial asset digitalization with significant potential benefits, ranging from faster and lower-cost transactions and reduced settlement risk to greater ease of use, data privacy, and consumer protection from fraud. In the financial realm, tokenization creates a digital repre sentation of a financial asset such as a bank deposit, a stablecoin, an equity or fixed-income asset, or a deriv ative obligation. Such tokenized assets are represented on a blockchain or distributed ledger. Tokenized assets other than stablecoins will be the focus of this paper.