Bank of Korea governor outlines tokenized bond vision, unified ledger plan
The Bank of Korea’s governor praised tokenized government bonds for easing the issuance and management of government debt during a panel discussion at the ECB Forum.
Hyun Song Shin, the governor of the Bank of Korea, praised tokenization for its ability to simplify the issuance and management of government bonds.
Shin said during a Wednesday panel discussion at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, that tokenized bonds would make it easier to verify collateral, credit the asset provider’s account and reverse transactions at the appropriate time.
“The big prize is tokenizing government bonds,” Shin said, adding that it is “much easier, much less prone to mistakes if you have everything tokenized.”