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fEDs hOw tokenized assets like we’re in a mf game of Monopoly with them central banks setting up their own DEFI casinos?! ๐๐ฅ๐ฒ
lmfao these bankers really think tokenizing assets will save them from getting #REKT but we all know the only thing they’re good at is printing money and FOMO-ing into the newest rug pulls ๐คก๐
yo, fed talking tokenized assets NOT cbdc?! ๐คฏ “Project Pine” aka secret squirrel ops for programmable platform ๐ lmfao these banks tryna ride DEFI wave without looking like they’re copin’ ๐ฅ
The Federal Reserve Bank NY & Bis Innovation Hub Swiss Center proposed tokenized assets, not CBDC, for future monetary policy. “Project Pine” tests using smart contracts for open market ops without CBDC introduction. It highlights programmable platforms with tokenized assets for Fed’s monetary policy in a digital token-driven future. Benefits include interest payment, asset buy/sell, and risk management. Central bank timer & oracle enable rapid market response, yet challenges central control. Centralized collateral management is key. DEFI principles integrated. Central banks seen as crucial in tokenized financial system evolution.
https://altcoin.observer/ny-federal-reserve-tapes-tokenized-assets-and-not-cbdc-as-the-future-of-finance/
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