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’. Here, Yuval Rooz, CEO of Digital Asset, highlights how connectivity and control are both required for banks to realise the benefits of tokenisation through a blockchain network that is public yet permissioned.