The Great Reset: A tool to accept this new reality – BIS to tokenize customer assets prior to CBDC launch.

"It is the first step. It is a tool to get you to accept this new reality."

"The ultimate goal of this digital system is to create a unified ledger. This is a new type of financial infrastructure that would contain every bit of information about a person's income, their assets, their holdings, and everything in between."

"According to the Bank of International Settlement (BIS) a token can be seen as the next logical step in digital record keeping and asset transfer."

"A token is a digital asset that can be manipulated by a financial institution. A tokenized customer's deposit is subject to the rules defined by its issuer. For example, a token may be spent or exchanged only within the scope or within the predefined set of rules. An asset such as a customer's bank deposit may have rules that allow the money to be spent only on certain services or certain products."

More in the Len Petrova video.