The Bank for International Settlements (BIS) has chosen Tommaso Mancini‑Griffoli from the International Monetary Fund to take over as head of its Innovation Hub beginning March 1, 2026.
Mancini‑Griffoli, who is currently serving as Assistant Director in the IMF’s payments, currencies, and infrastructure division, will join the BIS for a five‑year period.
Launched in 2019, the BIS Innovation Hub runs projects out of hubs in Paris, Hong Kong SAR, London, Singapore, Stockholm, Switzerland, and Toronto. There is also a partnership with the US Federal Reserve that supports the Hub’s work.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
How to Pick the Right DeFi dApp? (Dos and Don’ts Explained)
The Innovation Hub leads international development efforts in areas such as central bank digital currencies (CBDCs), cross-border payments, tokenized money, and real-time settlement systems.
Its ongoing projects, such as mBridge, Nexus, and Agora, help central banks explore technologies that could improve global payment networks and infrastructure.
While at the IMF, Mancini‑Griffoli has often emphasized the role of central banks and regulation in digital assets and cautioned about potential risks associated with private stablecoins.
He is a proponent of “synthetic CBDCs”, a model where the private sector issues the digital money while central banks supply the backing in reserves.
By bringing in Mancini‑Griffoli, the BIS aims to further collaborate with global central banks as they explore modern technologies and digital solutions within a secure and coordinated environment.
National Economic Council Director Kevin Hassett has emerged as a top contender for the Federal Reserve chair. How? Read the full story.
