Template-Type: ReDIF-Paper 1.0
Author-Name: Iñaki Aldasoro
Author-X-Name-First: Iñaki
Author-X-Name-Last: Aldasoro
Author-Name: Giulio Cornelli
Author-X-Name-First: Giulio
Author-X-Name-Last: Cornelli
Author-Name: Jon Frost
Author-X-Name-First: Jon
Author-X-Name-Last: Frost
Author-Name: Priscilla Koo Wilkens
Author-X-Name-First: Priscilla
Author-X-Name-Last: Koo Wilkens
Author-Name: Ulf Lewrick
Author-X-Name-First: Ulf
Author-X-Name-Last: Lewrick
Author-Name: Vatsala Shreeti
Author-X-Name-First: Vatsala
Author-X-Name-Last: Shreeti
Title: Tokenisation of government bonds: assessment and roadmap
Abstract: Government securities play a crucial role in the financial system – as a savings vehicle for households and firms, collateral in a range of transactions and a means of pricing assets. Despite their early stage of development ($8 billion in issuance to date), tokenised bonds have lower bid-ask spreads than conventional bonds and comparable issuance costs. Government bond tokenisation could improve market efficiency and support financial innovation, but its success depends on addressing regulatory and infrastructure challenges.
Length: 8 pages
Creation-Date: 2025-07-10
File-URL: https://www.bis.org/publ/bisbull107.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/bisbull107.htm
File-Format: text/html
Number: 107
Handle: RePEc:bis:bisblt:107