Andrew Bailey said the FSB should continue implementing its agreed stablecoins recommendations and monitor developments in this area across jurisdictions.
The G20 tasked the FSB with coordinating the delivery of a regulatory framework for crypto-assets.
The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.
The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said.
The Financial Stability Board plans to publish a status report on its crypto roadmap and a report on the financial stability implications of tokenization.