BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Project Pine Demonstrates Tokenized Central Bank Operations with Smart Contracts
Project Pine Demonstrates Tokenized Central Bank Operations with Smart Contracts
4
1
The New York Fed’s Innovation Center and the BIS’s Swiss Center unveiled ’Project Pine,’ a prototype showcasing central bank operations in tokenized wholesale markets. Smart contracts executed interest payments, open market operations, and emergency liquidity support in milliseconds, with full liquidity provision across ten historical stress scenarios.
The project’s modular ’general monetary policy toolbox’ architecture allows customization for different central banks. Code blocks can be parameterized to match institutional frameworks and deployed directly on distributed ledgers, signaling a potential paradigm shift in monetary policy implementation.
By:
Previous
Best Crypto to Buy in the Dip This Week (Hint: Under $0.05 Right Now)
Next
Quantum Computing Inc (QUBT) Shares Surge on Unexpected Q1 Profit
