The Central Bank of Brazil emphasizes the potential of tokenization to the International Monetary Fund and the World Bank

ChainCatcher news, according to Bitcoin.com, the Central Bank of Brazil supports tokenization and "open finance" as key elements of the future financial system. In a panel report from the International Monetary Fund and the World Bank, the bank's president Roberto Campos Neto stated that the intersection between the two is often underestimated.

Campos Neto emphasized the relevance of tokenization to the concept of bank balance sheets and operational efficiency, stating: banks will gradually shift from viewing balance sheets based on accounts to viewing balance sheets based on "tokens," which we believe will greatly enhance efficiency and productivity. Tokens are better suited for banks to manage risk, manage collateral, and finance.