Leveraging tokenisation for payments and financial transactions

This report by the Consultative Group on Innovation and the Digital Economy (CGIDE) discusses theoretical and real-world use cases of tokenisation, which include initiatives run by the Central Bank of Brazil and the Central Bank of Colombia, and private sector-led initiatives discussed within the CGIDE during 2023-24. In addition to use cases and progress to date, the report also explores some preconditions and other considerations for tokenisation. The report does not represent a policy position of CGIDE members and observers on the design or implementation of tokenisation in payments and the financial sector. Instead, it is offered as a public good to advance the work on these issues and to share insights from a group of experts in the Americas.