Scott Hendry was appointed Senior Director of Financial Technology for the Bank in 2016. He oversees the Bank’s efforts to monitor and research developments and implications of new technologies affecting the economy. This includes serving as the business lead on the Bank’s CBDC and blockchain research programs.

Bank of Canada is the central bank of Canada.

Panel discussion : CBDC vs Tokenized Assets vs Stablecoins

This panel explores the evolving landscape of digital currencies and their implications for the future of finance.

CBDCs are state-backed digital representations of fiat currencies. Tokenized assets are digital representations of real-world assets like real estate or stocks, providing fractional ownership and increased liquidity. Stablecoins are cryptocurrencies pegged to stable assets like fiat currencies or commodities, were highlighted for their potential to mitigate volatility in the crypto market and facilitate cross-border transactions.

The panelists debated the advantages and challenges of each approach, including regulatory concerns, technological feasibility, and potential impact on monetary policy. Overall, the discussion underscores the need for careful consideration of the diverse implications of CBDCs, tokenized assets, and stablecoins in shaping the future of global finance.