The Boston Fed, as it’s more commonly known, announced earlier this month it was actively testing a digital dollar – a tokenized version of the U.S. dollar – with the Massachusetts Institute of Technology’s Digital Currency Initiative. The collaboration builds on previous research efforts, and is intended to establish how a digital dollar might complement the existing greenback, said Boston Fed Senior Vice President Jim Cunha. Ultimately, the results will be published and potentially considered for an actual digital dollar, though the latter part is still years away.