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The market cap of cryptocurrencies is $1 trillion. But real-world assets are valued at $800 trillion. How much could be “tokenised” onto blockchains to create efficiencies?
More groundwork required.
Findings from the joint research project published in a report
A report on 14 pilot CBDC projects concluded an eAUD may lift the “efficiency and resilience” of the payment system but many questions remain unanswered.
The banks say the trials last week point to benefits including reducing settlement risk and creating trading efficiencies, but they also highlighted new risks.