In its report, the FSB, which was created in 2009 by the G20 in the wake of the global financial crisis, noted that initiatives like BlackRock’s BUIDL fund are still in their early stages, which helps to mitigate potential threats to the financial system for now.
"The limited publicly available data on tokenisation suggest that its adoption is very low but appears to be growing, and the use of tokenisation in the financial sector does not currently pose a material risk to financial stability, mostly due to its small scale," the FSB report said.