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BIS CPMI report sets out central banks' roles as stablecoins and tokenised deposits reshape payments

The BIS Committee on Payments and Market Infrastructures (CPMI) published a report on 29 October 2026, "The roles of central banks and central bank money in the evolving payment system", examining innovations including fast payment systems, non-bank payment service providers, tokenised deposits, stablecoins and programmable platforms.

Cover: generative artwork from topic and jurisdiction.Primary source: Bank for International Settlements (CPMI) (bis.org)
cryptobanking.news Editorial · AI-assisted, source-verifiedT1RegulatorGlobal

Key takeawaysFact

  1. 1The BIS Committee on Payments and Market Infrastructures (CPMI) published a report on 29 October 2026, "The roles of central banks and central bank money in the evolving payment system", examining innovations including fast payment systems, non-bank payment service providers, tokenised deposits, stablecoins and programmable platforms.
  2. 2It reaffirms central bank money as the anchor of trust and the settlement asset for systemically important systems, and highlights four areas for central banks' consideration: as issuer (which entities get access to central bank accounts, for which services and on which terms), operator, overseer (assessing whether stablecoins and tokenised arrangements perform functions similar to financial market infrastructures, and their systemic importance) and catalyst.
  3. 3The report builds on the CPSS's 2003 publication on the role of central bank money in payment systems and follows the BIS and CPMI report to the G20 on tokenisation published in October 2024.
  • Stablecoins
  • Tokenized deposits

Executive summaryFact

The BIS Committee on Payments and Market Infrastructures (CPMI) published a report on 29 October 2026, "The roles of central banks and central bank money in the evolving payment system", examining innovations including fast payment systems, non-bank payment service providers, tokenised deposits, stablecoins and programmable platforms. It reaffirms central bank money as the anchor of trust and the settlement asset for systemically important systems, and highlights four areas for central banks' consideration: as issuer (which entities get access to central bank accounts, for which services and on which terms), operator, overseer (assessing whether stablecoins and tokenised arrangements perform functions similar to financial market infrastructures, and their systemic importance) and catalyst. The report builds on the CPSS's 2003 publication on the role of central bank money in payment systems and follows the BIS and CPMI report to the G20 on tokenisation published in October 2024.

Primary source: Bank for International Settlements (CPMI) ↗

This report investigates innovations related to fast payment systems, non-bank payment service providers, tokenised deposits, stablecoins and programmable platforms.

— Bank for International Settlements (CPMI), verbatimString-matched against the live page 2026-10-31

Key factsFact

Event
Report
Jurisdiction
Global
Source
Bank for International Settlements (CPMI)
Source tier
Tier 1 · Regulator / central bank

Who is affectedFact

Central banks, in their roles as issuers of money, payment system operators and overseers, and catalysts for change.

Key datesFact

  • CPMI publishes report on the roles of central banks and central bank money in the evolving payment system

More from the sourceFact

“Central bank money serves as the anchor of trust in the payment system, provides the safest and most liquid settlement asset for systemically important systems and supports convertibility at par among different means of payment.”

“Central banks cannot watch this frontier from a distance; they must understand change as it happens and, where necessary, help shape its course.”

Fabio Panetta, Governor of the Banca d’Italia and Chair of the CPMI

“At the same time, innovations may introduce new interdependencies and alter the way credit, liquidity, operational and cyber risks arise and are transmitted across the payment system.”

Verbatim from Bank for International Settlements (CPMI)✓ string-matched against the live page 2026-10-31

Why it matters for banksAnalysis

The report signals the questions central banks are weighing on access to central bank accounts and on oversight of stablecoin and tokenised arrangements, which shape how commercial bank money and tokenised deposits will settle alongside new private payment forms.

Editorial analysis based on the facts above and the sources below; not legal or investment advice.

What remains uncertain

  • The report outlines policy tools, considerations and trade-offs; it notes central bank policies may vary across jurisdictions.

Sources and evidence

Evidence types: how we classify sources.

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-10-31 16:50 UTC
Archived snapshot
SHA-256 69d14c25022328ad… · fetched 2026-10-30 · Wayback Machine copy ↗
Change log (5)
  1. 2026-10-31 Verify run + data (2026-10-31 afternoon deploy): verifiedAt refresh on all items, verify snapshots, tracker source verifiedAt, history snapshot 2026-10-31, metr (59ae13f)
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  5. 2026-10-30 Newsroom 2026-10-30 afternoon: BIS CPMI report on the roles of central banks and central bank money as stablecoins and tokenised deposits reshape payments (bis. (449fb62)

Full evidence record · How we label confidence

AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

Weekly briefThis item is in The Weekly Brief Nº 3 (2026-W44) — this week’s issue, still open.

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