Blockchain 31 October 2026 | 17:46 A bank can legally own a tokenized bond and still need a central bank’s, a settlement operator’s and a lender’s approval before it can turn that bond into cash. ...
Summary
- Blockchain 31 October 2026 | 17:46 A bank can legally own a tokenized bond and still need a central bank’s, a settlement operator’s and a lender’s approval before it can turn that bond into cash.
- The World Economic Forum and Boston Consulting Group made that case in an October 28 report covering 35 jurisdictions, arguing that custody, settlement money, monetary sovereignty and collateral matter as much as how a token is classified.
- An eligible local bank buys tokenized public-sector debt in its home currency, settles the purchase, holds the asset, and then wants overnight funding from its central bank against it, raising cash without selling the bond.
- Owning the token does not give an investment fund, an exchange or an ordinarywalletholder the access to central-bank facilities that a bank has.
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