Proper tokenisation under Basel requires a blockchain network that offers both connectivity and control
The release of the Basel Committee’s final standard on the prudential treatment of banks' crypto assets in late December last year has flagged that permissionless blockchains could give rise to a number of ‘unique risks’.
Read how connectivity and control are both required for banks to realise the benefits of tokenisation through a blockchain network that is public yet permissioned, and why Digital Asset and the Canton Network stand out.
Proper tokenisation under Basel requires a blockchain network that offers both connectivity and control
The release of the Basel Committee’s final standard on the prudential treatment of banks' crypto assets in late December last year has flagged that permissionless blockchains could give rise to a number of ‘unique risks’.
Read how connectivity and control are both required for banks to realise the benefits of tokenisation through a blockchain network that is public yet permissioned, and why Digital Asset and the Canton Network stand out.
Gain insights from industry experts
Yuval Rooz | Co-Founder & CEO
Global Custodian
Proper tokenisation under Basel requires a blockchain network that offers both connectivity and control
Bank of International Settlements (BIS) SC60 Rule - How to Assess your Risk
The new BIS rule SC60 assigns a different balance sheet treatment (Risk Weighted Assets) based on a series of conditions, and can lead to certain crypto-assets requiring 1250% in Risk Weighted Assets for banks. The nature of your network has a major role to play in this distinction. All "cryptoassets (including tokenised assets) that use permissionless blockchains'' automatically trigger a risk weighting of up to 1250%.
Bank of International Settlements (BIS) SC60 Rule - How to Assess your Risk
The new BIS rule SC60 assigns a different balance sheet treatment (Risk Weighted Assets) based on a series of conditions, and can lead to certain crypto-assets requiring 1250% in Risk Weighted Assets for banks. The nature of your network has a major role to play in this distinction. All "cryptoassets (including tokenised assets) that use permissionless blockchains'' automatically trigger a risk weighting of up to 1250%.
Webinar: Decoding Public vs. Private: Regulatory Insights on Connectivity and Control
The session aims to enhance understanding of key regulations, highlighting the mandate for a blockchain network that proficiently manages connectivity and control to comply with Basel requirements for effective tokenization. We explore approaches to maximize the benefits of tokenization while avoiding capital charges on tokenized assets.
Upcoming Webinar: Decoding Public vs. Private: Regulatory Insights on Connectivity and Control
Join us for our upcoming webinar on Feb 27 2024, at 10:00am EST. This session aims to enhance understanding of key regulations, highlighting the mandate for a blockchain network that proficiently manages connectivity and control to comply with Basel requirements for effective tokenization. We will explore approaches to maximize the benefits of tokenization while avoiding capital charges on tokenized assets.
