Settlement

BRICS Digital Currency: The Unit Pilot and the Challenge to Dollar Dominance

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.

EU DLT Pilot Regime: The Experiment That Showed What Tokenized Securities Need

The EU's DLT Pilot Regime created a regulatory sandbox for tokenized securities trading and settlement. Three years in, the results are instructive — for what works, what doesn't, and what the EU should do next.