South Korea
Digital Asset
[Full transcript] BOK Deputy Governor: "Tokenization isn't just about efficiency — we must prepare for new vulnerabilities"
- Kwon made the remarks in opening remarks at an event unveiling the IMF's GFSR report titled "Scaling Tokenization: New Efficiencies, New Vulnerabilities."
- He noted that embedding transaction terms and execution rules directly into ledgers would allow multiple stages of trading, clearing, and settlement to be carried out simultaneously, marking a potential turning point for a major leap forward in financial infrastructure.
- He stressed that regulators should not view tokenization solely through the lens of efficiency gains, but must also stay alert to the new vulnerabilities it may create for financial stability.