The Federal Reserve announced a payments innovation conference focusing on tokenization as RWA markets hit an all-time high this week.

The United States Federal Reserve announced that it will soon host a conference on payments innovation and tokenization in what is turning into a big week of developments for real-world asset (RWA) tokenization.

The Federal Reserve Board on Wednesday announced that it will host a conference on payments innovation on Oct. 21, bringing together industry experts to discuss “how to further innovate and improve the payments system.”

The conference will feature panel discussions on several aspects of payments innovation, it stated. These include tokenizing financial products and services, converging traditional and decentralized finance (DeFi), emerging stablecoin use cases and business models, and the intersection of artificial intelligence and payments.

“I look forward to examining the opportunities and challenges of new technologies, bringing together ideas on how to improve the safety and efficiency of payments, and hearing from those helping to shape the future of payments,” said Fed Governor Christopher Waller. 

The focus on RWA tokenization comes amid heightened Wall Street interest in tokenization following the passage of key stablecoin legislation in July and a peak in onchain value for tokenized assets.