TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

BIS

Agustin Carstens: The BIS General Manager Who Called Crypto 'A Ponzi Scheme' — and Built CBDC Infrastructure

BIS General Manager Agustin Carstens has been the most vocal senior central banker calling out crypto's fundamental flaws — while simultaneously running the world's most active institutional CBDC research and experimentation programme.

Donovan Vanderbilt · February 24, 2026 · 7 min read

BIS (Bank for International Settlements)

The BIS Innovation Hub's CBDC research including Projects mBridge and Nexus, Basel Committee crypto capital rules, and BIS's role as the central bank of central banks.

Donovan Vanderbilt · February 24, 2026

BIS and Tokenization: The Central Bankers' Bank Shapes Digital Finance Standards

The Bank for International Settlements — through its research, working groups, and innovation projects — is the most influential institution in shaping how central banks think about tokenization, CBDCs, and digital finance infrastructure.

Donovan Vanderbilt · February 24, 2026 · 8 min read

CPMI (Committee on Payments and Market Infrastructures)

The BIS committee that sets global standards for payment system safety, cross-border payment efficiency, and tokenized settlement infrastructure.

Donovan Vanderbilt · February 24, 2026

CPMI and Cross-Border Payments: How the BIS Committee Is Using Tokenization to Fix International Transfers

The Committee on Payments and Market Infrastructures is using its G20 cross-border payments mandate to promote tokenization as a solution to expensive, slow international money transfers — with significant policy implications.

Donovan Vanderbilt · February 24, 2026 · 7 min read

Multi-Currency CBDC: Project mBridge, Nexus, and the Race to Build Cross-Border Digital Money Infrastructure

Multiple CBDC interoperability projects — mBridge (China/UAE/HK/Thailand), Nexus, Dunbar — are building the infrastructure for central bank digital currencies to move across borders. The geopolitics are as important as the technology.

Donovan Vanderbilt · February 24, 2026 · 8 min read

Project Guardian: How MAS and BIS Built the World's Most Important Tokenization Experiment

Project Guardian — the collaboration between MAS Singapore and BIS — tested institutional tokenization of bonds, foreign exchange, and fund units with major global banks. The policy implications of its findings are reshaping how regulators think about tokenized finance.

Donovan Vanderbilt · February 24, 2026 · 8 min read
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