Latest World Bank News

BIS app on mobile
Business 29 January 2024

BIS tokenization project is 1 of 6 in 2024

The Promissa project, made in collaboration between Bank for International Settlements, the Swiss National Bank, and the World Bank, will develop a proof-of-concept platform to facilitate digital tokenized promissory notes.

hand shake with world map background
Business 4 December 2023

BIS, World Bank to tokenize promissory notes

BIS will tokenize promissory notes which still rely on stacks of papers, and while this “isn’t going to revolutionize the world,” it’s a critical first step.