<ul><li>Central banks are exploring how to implement monetary policies in tokenized financial settings using blockchain technology.</li><li>Project Pine by the Federal Reserve Bank of New York developed a toolkit with smart contracts to manage monetary policy in a tokenized world.</li><li>Tokenization of financial products represents a significant shift in how assets are traded, managed, and regulated, bridging traditional finance and crypto markets.</li><li>The prototype toolkit designed by Project Pine demonstrated the use of smart contracts for interest payments, asset swaps, collateralized loans, and more, highlighting rapid response capabilities during simulated market crises.</li></ul>

Why Central Banks Are Piloting Monetary Policy Tools for Blockchain

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