The Bank for International Settlements (BIS) appoints the IMF's digital currency head and digital euro advocate to lead the innovation hub.

CN
1 hour ago

The Bank for International Settlements has appointed Tommaso Mancini-Griffoli—one of the world's most influential digital currency economists—as the next head of the BIS Innovation Hub, effective March 2026.

The Bank for International Settlements stated on Tuesday that Mancini-Griffoli will "lead efforts to explore technological solutions in the field of innovation within the central banking community." His responsibilities are expected to cover ongoing work related to central bank digital currencies, tokenized assets, and new market infrastructure.

Mancini-Griffoli currently serves as the Assistant Director of the Monetary and Capital Markets Department at the International Monetary Fund, overseeing payment and currency-related work. He is one of the most prominent advocates within the Fund for a regulated, public sector-backed digital currency model; he has previously warned about the risks posed by unregulated stablecoins.

At the time of this appointment, the BIS Innovation Hub is accelerating major projects and expanding its influence across its global centers. The hub has become a platform for testing blockchain-inspired settlement systems and digital currency prototypes.

For the crypto space, this move indicates that the Bank for International Settlements may steer digital asset innovation towards regulated tokenized currencies, a direction that could influence how central banks assess private blockchain infrastructure and stablecoins.

As a representative of the International Monetary Fund at global policy forums on central bank digital currencies and payment issues, Mancini-Griffoli has repeatedly argued that the safest path is a hybrid or public sector-backed arrangement compared to fully private tokens.

In 2020, Mancini-Griffoli stated that a synthetic public-private partnership central bank digital currency could empower the private sector (e.g., blockchain-backed stablecoins) to innovate.

He advocates the concept of a synthetic central bank digital currency, which is issued by private institutions and fully backed by central bank reserves, essentially combining the security of the public sector with the innovation of the private sector.

He also supports tokenized financial instruments, provided they operate within a public monetary framework that ensures systemic stability and settlement finality.

In September, Mancini-Griffoli argued in an article that stablecoins would face structural risks without backing from safe assets and strong governance.

He warned that poorly regulated issuers could expose users to runs, liquidity mismatches, and value loss.

The BIS Innovation Hub is currently advancing several high-profile digital currency experiments.

These include the cross-border central bank digital currency settlement network mBridge, the tokenized deposit infrastructure Agora, and a real-time payment and interoperable central bank digital currency initiative called Project Nexus.

These projects demonstrate the Bank for International Settlements' commitment to reshaping traditional finance with blockchain-inspired architecture.

Under Mancini-Griffoli's leadership, the Innovation Hub is expected to accelerate several high-impact initiatives, covering everything from cross-border payment networks to tokenized deposits and interoperable central bank digital currencies.

Related: Bitfinex: Bitcoin (BTC) has once again fallen this month, but demand may rebound soon.

Original: “BIS Appoints IMF Digital Currency Head and Digital Euro Advocate to Lead Innovation Hub”

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