Brazil Central Bank Endorses Tokenization And Open Finance As Future Financial System Pillars

According to Odaily, the Central Bank of Brazil has expressed strong support for tokenization and open finance as essential components of the future financial system. During a panel report by the International Monetary Fund and the World Bank, the bank's president, Roberto Campos Neto, highlighted the underestimated intersection between these two elements. He emphasized that tokenization enables programmable payments and the integration of open finance as building blocks within a unified environment, exploring the potential to construct this financial market in a single setting. Campos Neto underscored the relevance of tokenization to the concept of bank balance sheets and operational efficiency. He noted that banks will gradually shift from viewing balance sheets based on accounts to a token-based perspective, significantly enhancing efficiency and productivity. Tokens, he added, are more advantageous for banks in managing risks, collateral, and financing.