Project Pine: central bank open market operations using tokenisation and smart contracts | SpinGraph: Strategic reset
description: SpinGraph analysis of BIS Innovation Hub's Project Pine: central bank open market operations using tokenisation and smart contracts story: strategic reset, The…
canonical: https://stuffthatspins.com/spin/project-pine-central-bank-open-market-operations-using-tokenisation-and-smart-contracts-bank-for-international-settlemen
markdown: https://stuffthatspins.com/spin/project-pine-central-bank-open-market-operations-using-tokenisation-and-smart-contracts-bank-for-international-settlemen.md
keywords: tokenisation
keywords: open market operations
keywords: smart contracts
keywords: The Cushion
keywords: The Halo
published: 2025-05-14T07:00:00+00:00
modified: 2026-08-23T12:30:46.472084+00:00

Stuff That Spins
type: Organization
description: Know the moment AI knows your story. Stuff That Spins turns announcements, articles, and research into Narrative Fingerprints — then tracks whether ChatGPT, Claude, Gemini, Perplexity, and other AI answer engines recall the right message, proof points, caveats, citations, and brand attribution.

Project Pine: central bank open market operations using tokenisation and smart contracts - Bank for International Settlements
type: NewsArticle
alternative headline: Project Pine: central bank open market operations using tokenisation and smart contracts | SpinGraph: Strategic reset
description: SpinGraph analysis of BIS Innovation Hub's Project Pine: central bank open market operations using tokenisation and smart contracts story: strategic reset, The…
date published: 2025-05-14T07:00:00+00:00
date modified: 2026-08-23T12:30:46.472084+00:00
main entity of page: https://stuffthatspins.com/spin/project-pine-central-bank-open-market-operations-using-tokenisation-and-smart-contracts-bank-for-international-settlemen
is accessible for free: true
language: en-US
article section: financial_innovation
keywords: tokenisation, open market operations, smart contracts, BIS Innovation Hub
author: BIS Innovation Hub via Google News
publisher: Stuff That Spins
citation: https://news.google.com/rss/articles/CBMiYkFVX3lxTE9LdHNySnhydFNYeTVFZWRHcGNtLThMSDZMcTlKeUN4WkstQ242N2xVNzBZT3Q4SHB6cUFlaEk5dW1VajkyWXNFRmxLNUhBdS1Lb2dmX1ZMZ2gtMjVrSVBXTlZn
about: tokenisation
about: open market operations
about: smart contracts
about: BIS Innovation Hub
mentions: BIS Innovation Hub
abstract: Project Pine is a BIS Innovation Hub initiative exploring tokenised government securities and automated execution of open market operations via smart contracts. It targets technical feasibility, legal interoperability, and operational resilience — not deployment or policy adoption. The project involves multiple central banks and private-sector partners in a sandbox environment, with no stated timeline for implementation.

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  type: ListItem
  position: 1
  item: https://stuffthatspins.com/
item list element: Project Pine: central bank open market operations using tokenisation and smart contracts - Bank for International Settlements
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Spin Analysis: strategic reset
type: AnalysisNewsArticle
description: Emphasises technical readiness and collaborative governance; minimises unresolved tensions between deterministic smart contract execution and discretionary monetary policy, and omits evidence of real-world stress-testing beyond lab environments.
about: strategic reset
  type: DefinedTerm
  description: Public-interest infrastructure upgrade led by trusted multilateral institutions
  term code: The Cushion
additional property: Spin Score
  type: PropertyValue
  value: 50
  unit text: percent
additional property: Narrative Risk
  type: PropertyValue
  value: low
additional property: AI Repetition Risk
  type: PropertyValue
  value: moderate
additional property: Likely AI Summary
  type: PropertyValue
  value: The BIS launched Project Pine to use blockchain and smart contracts for central bank open market operations.
additional property: Narrative Frame
  type: PropertyValue
  value: Public-interest infrastructure upgrade led by trusted multilateral institutions
additional property: Missing Context
  type: PropertyValue
  value: No disclosure of third-party audit findings, failure modes observed in testing, or divergence among participating central banks on design choices
additional property: How the Spin Works
  type: PropertyValue
  value: Combines the credibility of the BIS brand with neutral technical language ('tokenisation', 'interoperability') and public-good framing ('systemic stability', 'resilience') to elevate a narrow technical experiment into a symbol of prudent modernisation — while offering no evidence of real-world robustness, legal resolution, or policy alignment beyond lab conditions.
author: Stuff That Spins
is part of: Project Pine: central bank open market operations using tokenisation and smart contracts - Bank for International Settlements

Extracted Claims
type: ItemList
item list element: ListItem
  position: 1
  item: Claim
    text: Project Pine explores the use of tokenisation and smart contracts to conduct central bank open market operations.
    appearance: Project Pine: central bank open market operations using tokenisation and smart contracts
    author: BIS Innovation Hub via Google News

Key Statistics
type: Dataset
description: Extracted statistics from the source narrative
variable measured: project phase
  type: PropertyValue
  value: 2023–2025
  description: Stated as a multi-year proof-of-concept; no go-to-market date disclosed