Remove Cross-Border Remove Distributed Ledger Technology (DLT) Remove Participant
article thumbnail

German Central Bank Joins MAS-Led Project Guardian

Fintech News

The Bundesbank will participate in various pilot projects testing specific use cases for asset tokenisation, exploring its feasibility and its potential benefits for capital markets, and examining how it can leverage network effects. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”

article thumbnail

Project mBridge Reaches MVP Stage, Expands International Participation

The Fintech Times

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). The platform now invites further international participation and private sector proposals for value-added solutions.

article thumbnail

Project Meridian FX: Joint Project by the Eurosystem and London Centres, and the Bank of England, to Test Synchronised Settlement in FX

Fintech Finance

It will also explore additional features that could form part of an SO’s offering, such as those that could help reduce the liquidity needs of participants. To achieve its objectives, Meridian FX will build on the technology behind the SO, allowing it to connect two RTGS systems based in different jurisdictions.

article thumbnail

SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

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 107
article thumbnail

B2B Cross-Border Payments Are Speeding Up

PYMNTS

Cross-border payments still present challenges , but the landscape is changing rapidly. . Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. Traditionally, most cross-border payments are made through Swift.

article thumbnail

Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

Money constantly flows across borders in the increasingly interconnected global economy, from workers overseas back to their families, and from buyers to their suppliers. Distributed ledger technologies (DLT) have also been considered for facilitating both P2P remittances and B2B cross-border payments.

article thumbnail

Visa’s B2B Payments Tech Tested In Thailand

PYMNTS

. “Building on the enterprise blockchain technology, Visa B2B Connect is a new transaction platform designed for the exchange of high-value international payments between participating banks on behalf of their corporate clients. “We think we can accelerate that as an integrated solution.” ”