Fintech News

NOVEMBER 11, 2024

As a member of the Project Guardian policymaker group, the Bundesbank will contribute to cross-border collaboration by working with other central banks and institutions to develop common standards and improve interoperability for this emerging technology.

Central Bank 104

Central Bank Distributed Ledger Technology (DLT) Interoperability Cross-Border 104

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

Central Bank 75

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

Fintech Finance

JUNE 17, 2024

The project will provide insights on how operators of real-time gross settlement (RTGS) systems could enable interoperability with new payments technologies, such as distributed ledger technology (DLT).

Real Time Gross Settlement (RTGS) 76

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Interoperability 76

Fintech Finance

OCTOBER 30, 2024

Banco Santander , Lloyds Banking Group , and UBS have successfully completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS).

Distributed Ledger Technology (DLT) 74

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 74

Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

CBDC 96

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 96

CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. It operates on a blockchain network and is issued and backed by the central bank of the respective country. Unlike cryptocurrencies, they’re issued by centralized authorities and can be used as legal tenders.

Digital Currency 40

Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

The Fintech Times

JUNE 6, 2024

Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.

Participant 45

Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45