Il ruolo dei “deposit token” nel sistema finanziario: analisi di un’ipotesi

The rise of distributed ledger technology (DLT) has led to the creation of new digital currencies and the representation of singularity in the digital realm. Digital currencies have begun to take on structural forms and are sometimes treated as essential infrastructure. The decision to establish a public or non-public digital currency has sparked further innovation in response to the impact on the financial system and credit system. This analysis explores the potential impact of a specific application of DLT on bank deposits, known as deposit tokens, on the governance of the financial system. We examine the implications for depositors and financial risk management, considering scenarios such as bank runs and the expansion of anti-money laundering regulations.