The Bank for International Settlements (BIS) is advancing the integration of global tokenisation and central bank digital currencies (CBDCs) for 2024.

This move includes a second phase of fintech testing and various projects in areas such as CBDCs, cybersecurity, green finance, and financial crime.

BIS, in collaboration with the Swiss National Bank and the World Bank, is also developing a digital platform for tokenised promissory notes.

Separately, crypto lending platform Nexo is pursuing a $3 billion claim against the Bulgarian government, filed with the International Centre for Settlement of Investment Disputes.