# Hyun Song Shin Takes Chair of BIS Payments Committee for Three-Year Term By Sonny Jang Canonical URL: https://www.tokenpost.com/news/people/54443 Published: 2026-11-11T20:47:48.000Z Updated: 2026-11-11T20:47:48.000Z Section: People > Shin succeeded Bank of Italy Governor Fabio Panetta. The committee’s recent work has covered tokenized deposits, stablecoins and programmable payment platforms. Bank of Korea Governor Hyun Song Shin took up the CPMI chairmanship on Nov. 1 for a renewable three-year term; recent committee work has addressed tokenized deposits and stablecoins. Governors meeting at the BIS Global Economy Meeting selected Shin for the position. He succeeded Fabio Panetta, governor of the Bank of Italy. Shin’s current governorship runs from April 21, 2026, through April 20, 2030. The CPMI tracks activity in payment, clearing and settlement systems and develops related international standards and guidance. The chair leads the CPMI’s work plan, convenes its meetings, reports progress to the Global Economy Meeting and represents the committee externally. The committee has no formal supranational authority and relies on its members to carry out its mandate. The CPMI’s [Oct. 29 report on central bank roles in digital payments]() examined fast payment systems, tokenized deposits, stablecoins and programmable platforms. The report considered how central banks issue money, operate and oversee payment systems, and can help drive change. Shin co-authored a paper with Bank of Korea colleagues discussing Project Hangang. Its first phase ran live transactions for three months, from April through June 2025. About 80,000 users and 12,000 selected merchants used tokenized deposits settled in tokenized central bank money. Speaking about central banks’ role in a unified ledger at a central banking forum in Sintra, Portugal, on July 1, Shin said, “The central bank is absolutely at the core of it.” ## Links in this article - [Oct. 29 report on central bank roles in digital payments](https://www.tokenpost.com/news/regulation/44562)